Rockfire Resources Share Discussion Threads

[altered carbon] 19/9/2018 07:15

Rockfire Resources PLC Drilling Program Complete - Sulphides Intersected
19/09/2018 7:05am
UK Regulatory (RNS & others)

Rockfire (LSE:ROCK)
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Today : Wednesday 19 September 2018

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RNS Number : 2234B

Rockfire Resources PLC

19 September 2018

This announcement contains inside information

19 September 2018

Rockfire Resources plc

("ROCK" or "the Company")

Drilling Program Complete - Sulphides Intersected

The Board of Rockfire Resources plc (LON: ROCK), is pleased to inform shareholders that its drilling program at the Marengo gold/copper project in Queensland, Australia has successfully been completed on time and budget. Drilling has encountered sulphides, including pyrite and chalcopyrite (copper sulphide). Visible chalcopyrite in a maiden drilling program is considered a great success and the Company is encouraged by the alteration and sulphide mineralisation intersected during this program.

-- Five RC holes drilled at Homeward Bound Prospect intersected quartz veining, alteration and sulphides, including pyrite and chalcopyrite. Sulphides occur up to 5% over isolated 1m intervals. These sulphide zones are typically surrounded by alteration and sulphide dissemination.

-- A single hole at the geophysical IP target at One Mile Mountain Prospect hosts up to a maximum of 1-2% pyrite over isolated 1m intervals, with only trace amounts of chalcopyrite observed;

-- A single hole at the geophysical target northeast of One Mile Mountain is altered by chlorite/epidote and hosts a broad zone of weak pyrite. No chalcopyrite was observed;

-- Two shallow holes drilled beneath the historical workings at "Albion" contained weathered iron oxides, which may represent weathered pyrite;

-- The samples have been delivered to the lab, and assay results are expected within the next 4 weeks.

Chief Executive Officer of Rockfire, David Price commented:

"The Company continues to build the evidence behind selected targets in its quest for sizable deposits. Drilling at Homeward Bound Prospect has been the stand-out performer of this drilling program. RC holes intersected several parallel, narrow veins containing both pyrite and chalcopyrite."

"The chalcopyrite mineralisation at Homeward Bound is high up in the geological profile and a large-scale system is possibly deeper, beneath the current level of drilling. There is significant mineralising fluid carrying pyrite and chalcopyrite, which is likely to have been introduced from deeper levels."

"The geophysical target at One Mile Mountain and the northeast chargeable anomaly are characterised by pyrite, with little chalcopyrite or other copper minerals being observed. Broad zones of sulphides in the form of pyrite have been recorded and will be sampled as part of the Company's technical process."

Further Information

A link is provided below which shows photographs of the drilling and the sulphides in drill chips.



The table below provides details of the drilling, including hole depths and locations. Assay results are awaited from the laboratory and the market will be updated once results are at hand.

[dreamtwister] 18/9/2018 20:59

excuse my bad manners while we wait on pending news,but have a look at metal tiger.

[brahmsnliszt] 14/9/2018 21:18

https://youtu.be/l3dj0I-tozUNifty cover by a great rock band has to be said.

[brahmsnliszt] 14/9/2018 20:30

Not a big fan of Neil Young, but that song is a classic Rackers.

[blueball] 14/9/2018 19:05

Nick Lowe Cruel to be kind.

[dreamtwister] 14/9/2018 10:22

minerals close to surface,rns any time soooooooooooooon

[dreamtwister] 13/9/2018 12:31

will be a market mover,gold set for a bull run !

copper on the move !

[rackers1] 13/9/2018 08:31

Https://m.youtube.com/watch?v=cawk2cMTnGo

[markfrankie] 12/9/2018 21:16

It's oh so quiet shh....;

[dreamtwister] 12/9/2018 17:12

copper on the move

[mello_blewiskt88] 11/9/2018 15:53

I flew out of New York on the 7 September back to London, I passed walked the building on the 5th or 4th.
Too close.
An unnervingly close brush with terrorism, was when my sister in law missed her flight back to New York, because she did not check in on time, and the flight was full up.
It never got there........PanAM Lockable, still gives me a chill.

[mr roper] 10/9/2018 22:02

Glad you enjoyed it, mello. Warren and Derek are a perfect combo

[brahmsnliszt] 10/9/2018 15:51

I like that BBDVery Zep.

[paleje] 10/9/2018 11:05

10-15 days for initial drilling update from One Mile Mountain, not long to wait.

[mr roper] 09/9/2018 08:42

One for you, mello..

[mello_blewiskt88] 08/9/2018 23:17

This was big when it came out in 61, I think it bridged the shuffle blues of the 50s and the later style of rhythm & blues

Freddy King - Hide away

[mello_blewiskt88] 08/9/2018 22:03

Eight miles high - byrds

[luckymouse] 08/9/2018 14:04

A Tenor in Avant Garde form - Bowie