Rockfire Resources plc (LON: ROCK), the gold and base metal exploration company, is pleased to provide an update to its exploration programmes currently underway at the Company’s 100%-owned gold and copper projects in North Queensland, Australia.
· Diamond drilling is well underway at the Copperhead porphyry project (“Copperhead”).
· During the preparation of tracks, pads and infrastructure for drilling, the Rockfire geologists continued to observe weathered sulphides in fractures and veins at Copperhead. As the access tracks advanced towards the drill site, zones of malachite and azurite (copper carbonate) were mapped, as well as occasional fresh chalcopyrite (copper sulphide) in veins.
· Sixty-six (66) rock samples have been collected along the access tracks and in proximity to the drill pads. Samples have been sent to the laboratory in Townsville for analysis.
· Landowner access and compensation continues to be negotiated at the Copper Dome porphyry project (“Copper Dome”) in advance of diamond drilling.
A photograph showing copper carbonates (green malachite and blue azurite) close to the drilling sites at Copperhead can be viewed by following the link provided. http://www.rns-pdf.londonstockexchange.com/rns/8133I_1-2021-8-16.pdf
·A high-definition gravity survey was completed at the Plateau gold deposit (“Plateau”), part of the Lighthouse tenement. This survey successfully identified two gravity “High” anomalies, showing potential concentrations of sulphides at depth.
· One gravity anomaly lies immediately southeast of Rockfire’s drilling at Plateau, whilst the second, stronger gravity anomaly lies further southeast of Plateau, in a location not previously tested by any drilling.
· Gravity surface data will be collected by our field team for input into a 3-dimensional interpretation, to determine the depth and orientation of the gravity anomaly in the third dimension.
David Price, Chief Executive Officer of Rockfire, comments:
“Our exploration team has achieved a remarkable outcome to re-establish access, source water, identify a suitable drilling rig for the terrain and prepare for this logistically-challenging drilling programme. I am pleased to inform shareholders that diamond drilling is underway at Copperhead, almost 50 years after copper was first discovered there.
“Copper carbonates at surface become more abundant closer to the drilling site and it’s mostencouraging to see copper minerals forming part of the interstitial rock matrix, as well as vein-hosted copper. This implies the potential for two styles of copper mineralisation.
“Geological mapping is highlighting multiple areas of high-magnetism associated with broken, silica-altered rocks hosting iron oxides, copper carbonates, quartz veining and pegmatite dykes. Rockfire will be analysing rock samples for lithium to ensure pegmatite-hosted lithium is tested.
“Diamond drilling is expected to continue for the next 2-3 months and the Company will update the market with our drilling progress and results, as they are received.”
For further information on the Company, please visit www.rockfireresources.com or contact the following:
Rockfire Resources plc:
David Price, Chief Executive Officer