Backed by the data validation expertise of Micromine, Rockfire Resources has announced a maiden JORC Resource estimate of 50,000 ounces of near-surface gold at its Lighthouse tenements in Queensland, Australia.
The announcement, which came as the gold price tipped over US$1,400 an ounce, adds to the 122,600 tonnes of copper already owned by Rockfire Resources (LON: ROCK) in Queensland and signals the start of a resource expansion program for the company.
Rockfire Resources Chief Executive Officer David Price said the company’s success had been underpinned by a prudent strategy of sound science, thorough evaluation and methodical exploration.
Among the tools and systems used as part of the company’s strategic exploration and evaluation process is the Micromine exploration and mine design solution.
Drilling was undertaken at two prospects within 30 kilometres of each other, with some drilling at 25 metres vertical from the surface but the bulk of drilling conducted on the Plateau Prospect within 50 metres vertical from the surface.
Historical data captured using paper logs was entered into Excel templates and new data imported as csv files, and both validated using Micromine software.
Micromine was also used to examine historical diamond core results using the from-to weighting method within our software.
All data was stored in a digital database with logging and assays compared to original logs and assay sheets. Validation was also done against old paper plans, with downhole validation checks also undertaken when loading data into the Micromine software. Based on these results, Rockfire Resources has announced it will continue exploration at the Lighthouse tenements, with an expansion resource target set at 2.7 to 4.8 million tonnes.
To learn more about how Micromine can support and enhance your mining exploration efforts, see the Micromine product page.
Read the Rockfire Resources announcement online.
