29th Jan 2021 11:14
Rockfire Resources PLC - Australia-focused gold and base metal exploration company - Says its wholly-owned Plateau gold deposit in Australia has surpassed a JORC (2012) Mineral Resource of 200,000 ounces of gold. Notes this represents a 515% increase in gold ounces since the company's maiden JORC (2012) mineral resource reported previously in July 2019. Says overall gold envelope at Plateau has resulted in an indicated and inferred mineral resource of 208,278 ounces of gold and 1.5 million ounces of silver. Rockfire says Plateau has higher cut-off grades of 131,302 ounces of gold and 800,000 ounces of silver at a higher cut-off, and a subset of the mineral resource at shallow depths resulted in 53,336 ounces of gold and 390,000 ounces of silver.
"This represents real potential for Rockfire to achieve its ambition of near-term, open cut gold production whilst the deposit continues to be expanded through further exploration. Rockfire is striving to monetise Plateau and we are working hard to achieve this for the benefit of our shareholders. We are very pleased with progress to date and will continue to push rigorously ahead with exploration at Plateau, pursuing our ambition for early gold production," says Chief Executive David Price.
Current stock price: 1.36 pence, up 33% on Friday
Year-to-date change: up 47%
By Zoe Wickens; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Rockfire Resources