- Rockfire Resources said that drilling to test a geophysical target at the Plateau gold deposit in Australia's Queensland state had returned broad, consistent gold assays, indicative of a large-scale gold deposit.

Gold mineralisation was occurring almost continuously throughout a 215 metre deep drill hole, the company said.

Highlights included the drilling intersecting 177 metres at 0.5 grams per tone of gold.

'Hole BPL025 was designed to drill down a sub-vertical pipe structure into the centre of a geophysical chargeable anomaly,' chief executive David Price said.

'This is the first indication that Plateau has grade continuity extending at depth and supports our belief that this deposit is much larger than previously demonstrated.'

At 9:31am: [LON:ROCK] Rockfire Resources Plc Ord 0.1p share price was +0.47p at 0.88p

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