Business
Drilling expands gold system at Plateau
Drilling expands gold system at Plateau.
About this update from Rockfire Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2108B\n Rockfire Resources PLC\n 06 October 2020\n \n \n \n 06 October 2020\n Rockfire Resources plc\n (\"Rockfire\" or the \"Company\")\n \n \n \n \n Drilling continues to expand gold system at Plateau\n \n \n \n \n \n Rockfire Resources plc (LON: ROCK) the gold and base metal exploration company, is pleased to provide an update on diamond drilling activities, including a second drill hole which has returned a very long interval of gold, including high-grade gold values, at the 100%-owned Plateau gold deposit (\"Plateau\") in North Queensland, Australia.\n Highlights:\n \n · \n Results from the second drill hole of a series of six holes have now been received. Hole BPL038 has returned the largest gold intersection so far at Plateau, with mineralisation over the entire sampled interval of 341.3 m @ 0.2 g/t Au (68.26 grams x metre interval).\n \n \n \n \n \n · \n Every hole drilled so far at Plateau has intersected varying grades of gold mineralisation, and often over vast intervals. The extent of the mineralisation is particularly pleasing for the Company and provides further evidence that the Plateau gold deposit is an exceptionally large mineralised system.\n \n \n \n \n \n · \n Intervals of high-grade gold are being intersected in hole BPL038, including 0.7m @ 10.8 g/t Au at 341.3m. This indicates that the geochemical setting remains favourable for the discovery of a high-grade gold source.\n \n \n \n \n \n · \n \n 8.0 m @ 1.7 g/t Au\n \n has been encountered at 322.6 m vertical depth and 25.02 m @ 0.65 g/t Au from 333.98 m. \n \n \n \n \n \n · \n Hole BPL038 did not penetrate to the planned depth of 500m below surface owing to a change in dip angle of the main brecciated contact. At the location of hole BPL038, the 400 m - 500 m targeted level remains untested.\n \n \n \n \n \n · \n The rocks are strongly altered and strongly mineralised with sulphides, confirming the extent of the mineralising system and providing continued encouragement for a high-grade component to the breccia system still to be discovered, either at depth or laterally.\n \n \n \n \n \n · \n Drill hole BPL038 also encountered elevated silver and zinc intervals. Importantly, silver and zinc are typically located in the outer halo surrounding the central core of mineralisation.\n...