Double Event drilling complete – assays expedited

By November 14, 2018 news

Rockfire Resources plc
(“ROCK” or “the Company”)
Double Event drilling complete – assays expedited

The Board of Rockfire Resources plc (LON: ROCK), is pleased to inform shareholders that its drilling program at the Double Event gold prospect in Queensland, Australia has successfully been completed well within time and within budget. Drilling has encountered sulphides, including pyrite and galena (lead sulphide) at predicted depths.

  • 12 reverse circulation holes (total of 605m), with all holes intersecting vein quartz with varying amounts of sulphides including pyrite and galena;
  • A single deep hole (118m) was drilled at depth beneath the eastern workings, where Rockfire drilled and intersected encouraging gold intercepts in June 2018
  • The samples have been delivered to the lab, and assay results are expected within the next week.

Chief Executive Officer of Rockfire, David Price commented:

 “Owing to a much larger and more powerful drilling rig being deployed to Double Event, our intended 10-day program of drilling was substantially reduced,  saving both time and money for the company. Our drilling has hit sulphides in positions which were anticipated from our surface mapping and ground magnetics.”

 The laboratory is reporting a reduced back-log of samples at present, so we anticipate that assay results may be back within the week. The market will be informed of results once they have been received and interpreted.”

Hole

EAST

NORTH

RL

Depth

Azimuth

Dip ⁰

Number

(UTM)

(UTM)

(m)

(m)

(Mag)

BDE015

442501

7757818

377

118

10

-70

BDE016

440842

7758004

355

39

10

-55

BDE017

440880

7757995

357

40

10

-55

BDE018

440923

7757990

359

70

10

-55

BDE019

440965

7757998

361

40

10

-55

BDE020

441001

7757979

362

40

30

-55

BDE021

441043

7757977

361

22

10

-55

BDE022

441041

7757974

361

52

10

-70

BDE023

441058

7757971

360

52

10

-70

BDE024

441081

7757966

360

40

10

-55

BDE025

441080

7757964

361

52

10

-70

BDE026

441123

7757953

353

40

10

-55

Table showing Double Event RC hole locations and collar information, November 2018

Competent Person Statement:

 Information in this announcement that relates to exploration results is based on information compiled by Mr David Price, a Director of Rockfire Resources plc, who is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM). Mr Price has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which has been undertaken to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and under the AIM Rules – Note for Mining and Oil & Gas Companies. Mr Price consents to the inclusion in the announcement of the matters based on their information in the form and context in which it appears.

For further information on the Company, please visit www.rockfireresources.com or contact the following:

Rockfire Resources PLC

David Price, Chief Executive Officer

 

Email: info@rockfireresources.com

 

Cenkos Securities plc

(Nominated Adviser & Joint Broker)

Derrick Lee / Beth McKiernan

 

Tel: +44 (0)131 220 6939

 

First Equity Limited

(Joint Broker)

Tel: +44 (0)20 7374 2212

Jason Robertson