Rockfire Resources (LON: ROCK), is pleased to inform shareholders that its recent drilling at the Double Event Prospect in Queensland has intersected gold in 13 of 14 holes over a 400m distance. Most intersections have been within the top 25m vertically from surface.
Highlights:
· 93% of drill holes intersected gold
· Most gold intersections are within 25m vertically from the surface
· 1m @ 6.0 g/t Au and 30 g/t Ag
· 4m @ 1.2 g/t Au and 4 g/t Ag
· 3m @ 1.3g/t Au and 4 g/t Ag
· 1m @ 4.8g/t Au and 8 g/t Ag
· 2m @ 4.0 g/t Au and 9 g/t Ag
· 3m @ 2.1 g/t Au and 4 g/t Ag
Chief Executive Officer of Rockfire Resources, David Price commented:
“To intersect near-surface gold in every hole bar one at Double Event is a great outcome. The system appears similar to the typical Charters Towers mineralisation style of narrow, sulphide-bearing quartz veins. Variation in gold grade along these veins is expected, however gold is being intersected consistently along the vein, which indicates the structure is persistent. The entire mineralised strike length of 3 km (+1.5 miles) at Double Event illustrates the potential for this prospect along strike but the next step is to determine if similar potential exists at depth.
The recent drilling tested only a 400m stretch of the total 3 km surface expression of the mineralisation in the form of old workings, high-grade rock samples and mapped quartz veins. Of particular importance to note is that most of the gold intersections occur within the top 25m from surface.
Management is pleased with the outcome of this reconnaissance drilling phase, which has demonstrated that gold is persistent, of a reasonable grade for open cut consideration and remains open in all directions. The next phase of exploration at Double Event will involve geophysics to accurately target high-temperature and high-grade “feeder zones” at depth.”
For further information on the Company please visit www.rockfireresources.com
