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Drilling hits gold over 400m of strike length
Drilling hits gold over 400m of strike length.
About this update from Rockfire Resources Plc
[{"type":"text","content":"\n \nRNS Number : 3231S Rockfire Resources PLC 24 June 2018 \n\nThis announcement contains inside information\n \n25 June 2018\nRockfire Resources plc\n(\"Rockfire\" or \"the Company\")\nDrilling hits gold over 400m of strike length\nRockfire Resources (LON: ROCK), is pleased to inform shareholders that its recent drilling at the Double Event Prospect in Queensland has intersected gold in 13 of 14 holes over a 400m distance. Most intersections have been within the top 25m vertically from surface.\n \nHighlights:\n· 93% of drill holes intersected gold\n \n· Most gold intersections are within 25m vertically from surface\n \n· 1m @ 6.0 g/t Au and 30 g/t Ag \n \n· 4m @ 1.2 g/t Au and 4 g/t Ag\n \n· 3m @ 1.3g/t Au and 4 g/t Ag\n \n· 1m @ 4.8g/t Au and 8 g/t Ag\n \n· 2m @ 4.0 g/t Au and 9 g/t Ag\n \n· 3m @ 2.1 g/t Au and 4 g/t Ag\n \n \nChief Executive Officer of Rockfire Resources, David Price commented:\n\"To intersect near-surface gold in every hole bar one at Double Event is a great outcome. The system appears similar to the typical Charters Towers mineralisation style of narrow, sulphide-bearing quartz veins. Variation in gold grade along these veins is expected, however gold is being intersected consistently along the vein, which indicates the structure is persistent. The entire mineralised strike length of 3 km (+1.5 miles) at Double Event illustrates the potential for this prospect along strike but the next step is to determine if similar potential exists at depth.\nThe recent drilling tested only a 400m stretch of the total 3 km surface expression of the mineralisation in the form of old workings, high-grade rock samples and mapped quartz veins. Of particular importance to note is that most of the gold intersections occur within the top 25m from surface.\nManagement is pleased with the outcome of this reconnaissance drilling phase, which has demonstrated that gold is persistent, of a reasonable grade for open cut consideration and remains open in all directions. The next phase of exploration at Double Event will involve geophysics...