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Third gold target located at Marengo, Queensland
Third gold target located at Marengo, Queensland.
About this update from Rockfire Resources Plc
[{"type":"text","content":"\n \nRNS Number : 0065V Rockfire Resources PLC 18 July 2018 \n\nThis announcement contains inside information\n \n18 July 2018 \nRockfire Resources plc\n(\"Rockfire\" or \"the Company\")\n \n \nThird gold target located at Marengo, Queensland\n \n \nThe Board of Rockfire Resources (LON: ROCK), is pleased to update shareholders of on exploration activities in Queensland, Australia, where a third gold target has been identified at Marengo.\n \n· A third target, \"Mt Marengo\", looks to be similar to One Mile Mountain identified at Marengo;\n \n· Geological mapping and rock chip sampling in progress;\n \n· Drilling of geophysical targets to be \"fast-tracked\";\n \n· Structural mapping at Double Event is underway;\n \n· Additional high-resolution, drone-hosted aerial photography has been completed at Double Event and Marengo; \n \n· Rockfire's new Chairman, Gordon Hart is on site to ensure all staff are fully familiar with site operational methodologies, technical due diligence and quality control procedures which the company has established.\n \n \n \nChief Executive Officer of Papua Mining, David Price commented:\n \n\"Our exploration field activities are in full swing and our teams are busy on a number of fronts. Rock sampling, geological mapping and aerial photography are all adding to our understanding of both Double Event and Marengo. Based on recent field observations, multiple, quality targets are evident at Marengo, with a third target being identified approximately 3.5 kms to the northeast of One Mile Mountain. Our field work is encouraging management to fast-track drilling at Marengo to test high-quality geophysical targets as early as possible.\"\n \nRockfire's technical team has recently identified a third target at Marengo which appears geologically similar to the One Mile Mountain Prospect. One Mile Mountain is composed of pale grey, medium-grained, weakly porphyrytic hornblende-biotite tonalite with mafic minerals which are extensively replaced by chlorite. The Mt Marengo target is similarly composed of grey, fine-medium-grained, weakly porphyrytic biotite-hornblende-quartz monzodiorite, wi...