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3D geophysics at Plateau supports gold potential
3D geophysics at Plateau supports gold potential.
About this update from Rockfire Resources Plc
[{"type":"text","content":"\n \n \n RNS Number : 3931P\n Rockfire Resources PLC\n 09 June 2020\n \n \n \n 09 June 2020\n Rockfire Resources plc\n (\"Rockfire\" or the \"Company\")\n \n 3D geophysics at Plateau supports deep gold potential\n \n \n Rockfire Resources plc (LON: ROCK), the gold and base metal exploration company, is pleased to provide the results of modern, three dimensional (\"3D\") reprocessing of aeromagnetic data flown in 2011 by Ramelius Resources at the Company's 100%-owned Plateau Gold Deposit (\"Plateau\"), part of the Lighthouse tenement in North Queensland, Australia. The reprocessing of this data is helping to clarify drill targets at depth.\n Highlights:\n \n · \n 3D magnetic imagery confirms a gold target down to and beyond a depth of 600 m\n \n \n \n \n \n · \n The reprocessing confirms a steep easterly plunge of the low-magnetic mineralised rhyolite host\n \n \n \n \n \n · \n A rolling, north-south change in dip direction has been revealed\n \n \n \n \n \n · \n A potentially mineralised \"off-shoot pipe\" has been identified at depth in the southwestern corner of the rhyolite\n \n \n \n \n \n · \n A Rockfire field crew is on site preparing for the start of drilling. The objective of this first phase of the drill programme is to in-fill gaps in the drilling data within the top 200 m, moving to phase two to test for gold mineralisation down to a depth of 500 m below surface\n \n \n \n \n \n A 3D image showing the north-south change in dip direction of the low-magnetic rhyolite is provided via the following link. This image also shows the steep easterly plunge, defined by the mineralised rhyolite and Rockfire's drilled gold intersections so far.\n \n \n \n \n \n http://www.rns-pdf.londonstockexchange.com/rns/3931P_1-2020-6-9.pdf\n \n \n \n \n \n David Price, Chief Executive Officer of Rockfire commented:\n \n \"The imagery produced by the reprocessing of the aeromagnetic data is exceptional. It beautifully demonstrates the low-magnetic rhyolite \"plug\" and defines our target for more gold mineralisation, particularly on the southern margin of the rhyolite.\n The new imagery shows a rolling contact with the adjacent andesite and a steep easterly plunge. Previously, an east plunge was inferred, however, this is the first unequivocal evidence to support that inference. Additionall...