Since our last podcast with David Price, CEO of Rockfire Resources plc (LON: ROCK), we caught up with him to hear more about the recent news of gold discoveries at the 100%-owned Plateau Gold Deposit (Queensland, Australia).
David talks about the significant results at the Plateau Gold Project and expands on some of the deposits within 50km and their associated infrastructure.
He also explains the geological synergies with Mt Wright Gold mine and answers a shareholder question relating to geological survey works when testing for anomalies to 500m.
Drilling discovers more gold 120m east of BPL025
David Price, Chief Executive Officer of Rockfire, commented:
“These results represent a new discovery which was identified by our exploration team. Previous explorers had drilled nearby but missed the high-grade breccia. We are starting to get a better understanding of the geology of this zone and the more we learn from each drill hole, the higher our drilling success rate becomes”.
“These holes are interpreted to represent the near-surface expression of the large gold system encountered at depth in hole BPL025. Importantly, these holes extend the mineralised target zone by another 120m towards the east. It is our expectation that the geophysics recently completed at Plateau may highlight potential for a “sweet spot” with higher average grades at depth.”
“Results from 11 more drill holes are awaited. These are resource infill/extension and pure exploration holes and the depths vary between 30 m and 90 m. The market will be kept informed of both drilling and geophysical results as they are received by the Company”.
