Rockfire Resources PLC Sunshine Metals update at Lighthouse

RNS Number : 0764A

Rockfire Resources PLC

12 August 2024

 

12 August 2024

Rockfire Resources plc

("Rockfire" or the "Company")

Sunshine Metals identifies high-grade gold prospects at Lighthouse

Rockfire Resources plc (LON: ROCK), the gold, base metal, and critical mineral exploration company, is pleased to advise the market that ASX-listed Sunshine Metals Limited ("Sunshine") has provided an update of their exploration activities at Rockfire's Lighthouse tenement in Queensland, Australia. Sunshine is farming into the Lighthouse tenement and has the option to earn a maximum 75% interest in the tenement by expenditure of AUD$2.2m over a 3-year period.

 

Please follow this link to view the full announcement by Sunshine to the ASX. http://www.rns-pdf.londonstockexchange.com/rns/0764A_1-2024-8-12.pdf 

 

Highlights

 

·    Mapping, soil sampling and rock chip sampling at the Double Event prospect has found new, undrilled, mineralised veins over 3.5km strike length at the Double Event Prospect.

 

·    13 rock chip samples were collected at Double Event, with results including:

o  32.7 g/t Au, 31.2 g/t Ag (DE24_001)

o  25.9 g/t Au, 35.7 g/t Ag (DE24_011)

o  23.5 g/t Au, 28.1 g/t Ag (DE24_007)

o  22.5 g/t Au, 30.4 g/t Ag (DE24_008)

o  15.9 g/t Au, 20.4 g/t Ag (DE24_004)

o    6.3 g/t Au (DE24_006)

o    3.1 g/t Au (DE24_010)

 

·    Preparations are underway to extend high resolution magnetic and geochemical surveys at Double Event and two nearby prospects called Lower Lighthouse and Bluff Creek.

 

David Price, Chief Executive Officer of Rockfire, commented:

"It is pleasing to see progress being made at the Lighthouse project, and even more pleasing to see high-grade gold being encountered. Rockfire has previously drilled at Double Event but this sampling by Sunshine represents a new area which has not been drilled."

 

"The targeting of high-grade gold at Lower Lighthouse and Bluff Creek is an exciting development, as historically, grades at these prospects are extremely high, with drilling returning 2m @ 6.33 g/t Au and 4m @ 5.91 g/t Au respectively."

 

"At a time when gold prices are close to record highs, Rockfire is well-positioned by having a high-grade project being explored by a quality partner. We look forward to keeping the market informed of exploration progress at Lighthouse as Sunshine continues its thorough exploration."

 

For further information on Rockfire, please visit www.rockfireresources.com or contact the following: 

 

Rockfire Resources plc:	[e-mail]
David Price, Chief Executive Officer
Allenby Capital Limited (Nominated Adviser & Broker):	Tel: [phone]
John Depasquale / George Payne (Corporate Finance)
Matt Butlin / Kelly Gardner (Sales and Corporate Broking)

 

 

Notes to Editors

 

Rockfire Resources plc (LON: ROCK) has a portfolio comprising a high-grade zinc/lead/silver/germanium deposit in Greece and gold/copper/silver projects in Queensland, Australia.

 

§ The Molaoi deposit in Greece has a JORC resource of 210,000 tonnes of zinc, 39,000 tonnes of lead and 3.5 million ounces of silver, using a 4% Zn cut off.

§ The Plateau deposit in Queensland has a JORC resource of 131,000 ounces of gold and 800,000 ounces of silver, using a 0.5g/t Au cut off. 53,000 of these ounces lie within the top 100m from surface.

§ The Copperhead deposit in Queensland has a JORC resource of 80,000 tonnes of copper, 9,400 tonnes of molybdenum and 1.1 million ounces of silver, using a 0.13% CuEq. cut off.

 

Qualified Person Statement

The information in this report that relates to Exploration Results is based on, and fairly represents, information compiled by Mr Matt Price, a Competent Person who is a Member of the Australian Institute of Geoscientists (AIG) and the Australian Institute of Mining and Metallurgy (AusIMM). Mr Price has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration, and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the JORC Code. Mr Price consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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