Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Gold and base metal exploration firm Rockfire Resources has announced that a ground magnetic survey has highlighted multiple new target structures at the Company's 100%-owned Plateau gold deposit in North Queensland, Australia.
The Company has previously announced a JORC gold resource of 53,336 ounces of gold in the top 100 m from surface, however, the new ground magnetic data highlight structures which may be faults, veins, or dykes, some of which are already known to host high-grade gold found in rock samples.
Multiple structures have been highlighted which have not yet been explored and lie within 250 m of the Company's gold resource.
The company has reverse circulation drilling planned and several of these targets will be tested in the forthcoming drilling, expected to commence in May 2021.
David Price, chief executive, commented: The Company is planning infill and extension drilling at both the Central Breccia and the Eastern Breccia, as well as exploration drilling close to both gold resources.
At 9:50am:
(LON:BEM) Beowulf Mining PLC share price was 0p at 5.5p
(LON:BKY) Berkeley Energia Ltd share price was 0p at 23.5p
(LON:CEY) Centamin PLC share price was 0p at 116.05p
(LON:FRES) Fresnillo PLC share price was 0p at 1124p
(LON:GEMD) Gem Diamonds Ltd share price was 0p at 36.7p
(LON:HOC) Hochschild Mining PLC share price was 0p at 235.4p
(LON:KMR) Kenmare Resources PLC share price was 0p at 303p
(LON:ROCK) Rockfire Resources Plc Ord 0.1p share price was 0p at 0.83p