Encouraging early results at Plateau gold project
Results from the second drill hole of the series have been received (hole BPL038), returning the largest gold intersection so far at Plateau, with mineralisation over the entire sampled interval of 341.3m at 0.2 g/t gold.
It included intervals of high-grade gold, including 0.7m at 10.8 g/t gold at 341.3m.
Plateau is within the company’s Lighthouse tenement area about 50km south-east of Charters Towers.
“The very long intervals of gold mineralisation, the abundance of sulphides, higher-grade gold intervals and the very strong alteration continue to encourage our team and indicate potential for a high-grade gold source still to be discovered,” chief executive officer David Price said.
“Large gold deposits are seldom found in the first few rounds of drilling. It pleases me to see such long intervals of gold still being encountered within this large mineralising system, and management therefore remains confident of intersecting a high-grade source.
“These encouraging results demonstrate that higher grade gold is being encountered at levels around 350m from surface.
“Owing to a change in the dip of the breccia contact from almost vertical, to a moderate-steep dip to the north, the anticipated target depth of 400m – 500m depth, as determined by the Mt Wright model, remains untested at the location of BPL038.”
Rockfire Resources said core samples from the remaining exploration drilling had been delivered to the laboratory.