Business
Lighthouse exploration reveals new gold targets
Lighthouse exploration reveals new gold targets.
About this update from Rockfire Resources Plc
[{"type":"text","content":"\n \n \n RNS Number : 5122O\n Rockfire Resources PLC\n 01 June 2020\n \n \n \n 1 June 2020\n Rockfire Resources plc\n (\"Rockfire\" or the \"Company\")\n \n \n \n \n Lighthouse exploration reveals new gold targets\n \n \n Rockfire Resources plc (LON: ROCK), the gold and base metal-focused resource company, is pleased to announce rock sampling results from the Cardigan Dam Prospect (\"Cardigan Dam\") within the Company's 100%-owned Lighthouse tenement (\"Lighthouse\") in North Queensland, Australia. Lighthouse includes the Plateau Gold Deposit (\"Plateau\"), which is being actively explored by the Company.\n \n Highlights:\n \n \n \n · \n Rock samples return gold assays up to 23.4 g/t Au\n \n \n \n \n \n · \n Cardigan Dam is 3.5 km southeast of Plateau \n \n \n \n \n \n · \n 15 rocks were collected from Cardigan Dam, with 47% returning gold values above 0.5 g/t Au\n \n \n \n \n \n · \n These rock samples lie 80 m north of the Company's May 2019 soil sampling programme\n \n \n \n \n \n · \n The highest-grade rock samples include:\n \n \n o \n 23.4 g/t Au\n \n \n o \n 7.3 g/t Au\n \n \n o \n 5.8 g/t Au\n \n \n o \n 4.5 g/t Au\n \n \n o \n 3.6 g/t Au\n \n \n o \n 0.9 g/t Au\n \n \n \n \n \n · \n Two rock samples returned anomalous copper values of 0.14 % and 0.11 % Cu\n \n \n \n \n \n · \n Soil sampling will be extended to the north to cover the area defined by these rock samples\n \n \n \n \n \n · \n \n Planning is well advanced to commence drilling at Plateau \n \n \n \n \n \n \n \n \n \n A location map showing the rock samples is provided via the following link. The soil sampling survey completed by Rockfire in May 2019 is also shown on this image.\n \n \n \n \n \n \n \n http://www.rns-pdf.londonstockexchange.com/rns/5122O_1-2020-6-1.pdf\n \n \n \n \n \n \n \n David Price, Chief Executive Officer of Rockfire commented:\n \n \n \"As we expected, Lighthouse is proving to be significantly under-explored and the more we expand our geological knowledge, the more gold we are finding within the tenement. From these encouraging high-grade rock samples from Cardigan Dam, it is starting to appear as though the Lighthouse tenement may host multiple mineralised systems and that Plateau may ...