Business
Exercise of Option to Acquire Copper Dome
Exercise of Option to Acquire Copper Dome.
About this update from Rockfire Resources Plc
[{"type":"text","content":"\n \nRNS Number : 9633Z Rockfire Resources PLC 23 May 2019 \n\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (\"MAR\"). With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n23 May 2019\nRockfire Resources plc\n(\"ROCK\", \"Rockfire\" or \"the Company\")\nRockfire Exercises Option to Acquire Copper Dome\nRockfire Resources plc (LON: ROCK), the gold and base metal-focused resource company, is pleased to announce that the board has exercised the option to acquire (the \"Option\") the Copper Dome Porphyry Copper Deposit (\"Copper Dome\") in Queensland, Australia. The commencement of the Option Period was announced to the market on 26 November 2018. \n· Rockfire will own 100% of Copper Dome;\n· Copper Dome is a potentially large-scale mineralised system only 50km from Copperhead;\n· The prospect is vastly under-explored;\n· Recent soil sampling has identified coherent, strong gold and copper anomalism;\n· Recent rock samples have returned copper values up to 23.4% Cu and gold to 3.2g/t Au;\n· Previous diamond drilling in 1972 intersections include;\n \nØ 15.24m @ 0.88 % Cu (including 4.58m @ 2.28 % Cu) from 161m downhole depth\nØ 12.20m @ 0.61 % Cu (including 3.05m @ 1.24 % Cu) from 54m downhole depth\nØ 24.38m @ 0.27 % Cu (including 7.4m @ 0.43% Cu) from 225m downhole depth\nØ Percussion hole PH001 - 38m @ 0.13 % Cu (from 17m downhole depth)\n \n· Mineralisation outcrops at surface, providing low-cost, near-surface exploration, resulting in lower anticipated exploration costs.\n \n \nDavid Price, Chief Executive Officer of Rockfire commented; \n\"Our management team is encouraged by the confirmatory work done by the Rockfire exploration team as part of our technical due diligence on Copper Dome. With coherent copper occurring around the rim of a mapped porphyry, as well as gold occupying the boundaries of two close-spac...