- Rockfire Resources said drilling completed at its Plateau gold deposit in Australia's Queensland state indicated that it hosted significant sulphide mineralisation.

A 141 metre interval had averaged 5-10% sulphides, with a maximum intersection of 25%.

Samples havd been delivered to a lab for analysis.

'Through careful geological observations, the Rockfire technical team has gained a much better understanding of the detailed geology at Plateau,' chief executive David Price said.

'Reprocessing of historical geophysical data identified a high chargeable anomaly and our Rockfire team decided to test a new geological theory by drilling into the centre of the geophysical anomaly.'

'The chargeable response appears to have been successfully intersected and has proven to host significant sulphide mineralisation.'

'The sulphides occur in a breccia and within a sulphide-rich rhyolite.'

'These findings support the concept that Plateau may host gold mineralisation akin to major, neighbouring, operational gold mines.'

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