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Cardigan Dam returns broad, coherent gold anomaly
Cardigan Dam returns broad, coherent gold anomaly.
About this update from Rockfire Resources Plc
[{"type":"text","content":"\n \nRNS Number : 4564Z Rockfire Resources PLC 20 May 2019 \n\n20 May 2019\nRockfire Resources plc\n(\"ROCK\", \"Rockfire\" or \"the Company\")\nCardigan Dam returns broad, coherent gold anomaly\nRockfire Resources plc (LON: ROCK), the gold and base metal-focused resource company, is pleased to announce that recent soil sampling at the Cardigan Dam Prospect, part of the Lighthouse tenement in Queensland, Australia, has returned a promising gold-in-soil anomaly. \n· Two broad gold-in-soil anomalous trends detected\n \n· Each trend is approximately 400m long x 100m wide in dimension\n \n· The anomaly remains open along strike length\n \n· Soil results up to 205ppb (0.2ppm) Au\n \n· 14% of all soil samples have results above 20ppb Au\n \n· Historical rock samples identify anomalous gold up to 11.4 g/t Au at surface\n \n \nCardigan Dam lies within the southern limits of the Lighthouse tenement. As part of the recent soil survey at Cardigan Dam, 240 soil samples were collected over an area of approximately 400m x 400m. Exploration at Cardigan Dam was initiated as part of Rockfire's on-going, systematic assessment of each of its gold and copper targets within the Lighthouse tenement. A link is provided below which illustrates the distribution and magnitude of the gold-in-soil results.\n \nhttp://www.rns-pdf.londonstockexchange.com/rns/4564Z_1-2019-5-17.pdf\n \n \nDavid Price, Chief Executive Officer of Rockfire commented; \n\"Rockfire's strategy of systematic, cost-effective and rapid appraisal of each of its prospects has resulted in the definition of a distinct gold-in-soil anomaly at the Cardigan Dam Prospect. The gold values, up to 0.2ppm Au, represent strong anomalism and provide a clear target for further investigation. \n\"The gold-in-soil distribution outlines two linear zones and suggests an intersection of a northeast and an east-west structure, with the intersection point being in the north-eastern corner of the survey grid. Importantly, the gold strengthens towards the north of the strike area and extends beyond the limits of the survey. For this reason, the Company's systema...