28th Apr 2020 15:40
(Alliance News) - Rockfire Resources PLC on Tuesday said it has spotted a new area of mineralisation at its Lighthouse tenement in Queensland, Australia.
The findings are part of a rock sampling programme from January.
"Results have identified a gold-copper-nickel-cobalt-platinum-palladium anomaly located only two kilometres north of the company's Plateau gold deposit," Rockfire said.
"The new anomaly, named 'Split Rock', is likely to enhance the prospectivity of the immediate vicinity of Plateau. Split Rock shares access tracks with Plateau, enabling minimal mobilisation of rigs between the two prospects."
The results from the rock sample represent the highest nickel and cobalt assays from Lighthouse to date, Rockfire noted.
Split Rock is also the only prospect in the area to be analysed for potential platinum and palladium.
Rockfire shares were 1.7% lower at 0.86 pence each in London on Tuesday afternoon.
By Eric Cunha; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
Rockfire Resources