- Rockfire Resources said recent drilling at its Double Event prospect in Australia's Queensland state had intersected gold in 13 of 14 holes over a 400m distance.

Most intersections were within the top 25m vertically from surface.

'Management is pleased with the outcome of this reconnaissance drilling phase, which has demonstrated that gold is persistent, of a reasonable grade for open cut consideration and remains open in all directions,' chief executive David Price said.

'The next phase of exploration at Double Event will involve geophysics to accurately target high-temperature and high-grade "feeder zones" at depth.'

At 9:19am: [LON:ROCK] Rockfire Resources Plc Ord 0.1p share price was +0.05p at 0.95p

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