29th Mar 2021 21:16
Rockfire Resources PLC - Australia-focused gold and base metal exploration company - Following rockchip sampling and geological sampling have been completed, leading to expanded targets at the Plateau gold deposit in North Queensland, Australia.
Sampling at Northwest Breccia returned high grade results, while Northern Breccia was revealed to be strongly anomalous in zinc. A scoping study remains in progress, with initial recommendations expected shortly.
Over the next six months, work at Plateau includes a gravity survey for Central Breccia, infill, extension and exploration drilling and the Central and Eastern Breccias.
"Rockfire has commenced its on-site exploration for the 2021 field season with rock sampling and geological mapping to confirm targets close to Plateau. This work has confirmed historical high-grade rock samples and extended each target by around 100m in strike. These highly encouraging results provide opportunity to increase near-surface gold ounces at Plateau once drilling re-starts," notes Chief Executive Officer David Price.
Current stock price: 0.78 pence, down 6.1%
Year-to-date change: down 16%
By Dayo Laniyan; [email protected]
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