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Rock samples return over 1 ounce/tonne gold
Rock samples return over 1 ounce/tonne gold.
About this update from Rockfire Resources Plc
[{"type":"text","content":"\n \nRNS Number : 3718H Papua Mining Plc 12 March 2018 \n\n \n12 March 2018\nThis announcement contains inside information\nPapua Mining plc\n(\"Papua\" or \"the Company\")\nRock samples return over 1 ounce/tonne gold\nThe Board of Papua Mining (LON: PML), is pleased to announce high grade gold-in-rock samples from its Lighthouse Gold Project in Queensland and provides an update to shareholders on exploration activities at its 100%-owned projects in Australia and Papua New Guinea.\n \nHighlights:\n· Rock sampling completed at the Double Event Prospect, part of the Lighthouse Project;\n \n· Results include high grade gold and silver from most rock samples;\n \n· 25% of all rock samples assay above 10g/t Au;\n \n· Reverse circulation (\"RC\") drilling planned at Double Event;\n \n· Papua field team currently in PNG to assess core from previous drilling;\n \n· Review of drilling from the Nov/Dec 2017 program at Plateau Prospect now complete, placing Plateau in the distal zones (upper levels) of a large, mafic mineralising system.\n \n \nDOUBLE EVENT\nPapua Mining has completed rock sampling and structural mapping at the Double Event Prospect which forms part of the Lighthouse Project. Forty-nine (49) surface rock samples have been collected from along the mapped strike of the Double Event Prospect.\nWhilst sampling and mapping, the PML geologists have reported abundant quartz veining and subsequent sampling of the veins has returned some gold assays in excess of 1 ounce/tonne gold including; 37.7g/t, 33.3g/t, 33.1g/t, 25.9g/t, 24.3g/t, 23.5g/t and a number of additional high-grade gold results. Silver results include 56.8g/t, 54.0g/t, 52.7g/t, 46.7g/t, 38.7g/t and 37.1g/t and other high-grade silver values. High lead values include 4.46%, 3.64% and 3.29% Pb. A full list of results is provided in the table below.\nThe average of all rock samples collected by the Company was 8.45g/t Au, with 76% of results over 1g/t Au and just over 50% of rocks returning assays above 3g/t Au. A quarter of all samples (25%) returned gold in excess of 10g/t Au. These results validate and in-fill historical rock sampling data at Double Event from 1987, which al...