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VIDEO: Rockfire Resources CEO David Price on the importance of firm’s Plateau gold discovery (ROCK)

Last month, Rockfire Resources (LSE:ROCK) soared after announcing the potential discovery of a ‘large-scale gold deposit’ at its Plateau prospect in Queensland, Australia.

The business said drilling has returned broad, consistent gold assays with mineralisation occurring almost continuously throughout a 215m deep drill hole. In particular, the firm believes that hole BPL025 – which intersected 177 at 0.5g/t gold – has intersected the upper levels of a large mineralised system. Gold grades are now expected to increase continually alongside depth, as they do at a comparable 10-million-ounce gold project owned by Resolute Mining called Mt Wright.

Rockfire is now awaiting the results of a further 13 drill holes from Plateau, and already started a geophysical survey targeting anomalies to depths of around 500m below surface. This latter work aims to identify a ‘sweet-zone’, where higher average grades are likely to be attainable.

In the video below from Visual News Services, Rockfire’s CEO David Price discusses the news from Plateau in more detail, elaborating on what it could mean for the business moving forward.

Valuethemarkets.com and Dynamic Investor Relations Ltd are not responsible for the content or accuracy of this article.  News and research are not recommendations to deal, and investments may fall in value so that you could lose some or all of your investment. Past performance is not an indicator of future performance.

  • Daniel Flynn does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the piece.
  • Daniel Flynn has not been paid to produce this piece by the company or companies mentioned above.
  • Dynamic Investor Relations Ltd, the owner of ValueTheMarkets.com, has been paid for the production this piece by the company or companies mentioned above.

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