Last week saw Rockfire Resources (LSE:ROCK) announce significant developments at its Kookaburra gold tenement in Queensland, Australia.
The firm has been assessing historical work carried out at the area, which surrounds its core Lighthouse tenement. As part of this, it has found that previous exploration work, including trenching and bulk sampling, identified an alluvial gold deposit known as the Brigalow Alluvial Goldfield.
In its update, Rockfire said it sees Brigalow as a high potential opportunity that could ‘significantly increase [its] gold inventory in Queensland’. It will focus on discovering the hard-rock source either beneath or upstream of Brigalow’s large quantity of alluvial gold.
Rockfire’s chief executive David Price acknowledged that alluvial gold deposits are ‘notoriously difficult’ to sample and estimate. However, he added that the company would capitalise on the presence on such large quantities of alluvial gold by exploring for primary, hard-rock gold deposits.
In the below video from Visual News Services, Price explains the opportunities that Kookaburra presents in more detail.