Rockfire Resources stock rises as gold and silver found in Australia

(Alliance News) - Rockfire Resources PLC on Friday shared drill results from its Australian partner Sunshine Metals Ltd, which reported "encouraging" gold and silver findings.

Rockfire shares were up 17% at 0.11 pence on Friday morning in London.

The London-based mining firm has a farm-in agreement with Queensland, Australia-based Sunshine, which allows Sunshine to earn up to 75% tenement in Rockfire's Lighthouse tenement, by expenditure of AUD2.2 million over three years.

Sunshine drilled eight holes at the Plateau prospect across a total of 599 metres. The highest-yielding hole found 6.97 grammes of gold per tonne and 84 grammes of silver per tonne, across two metres.

A sample has been collected for testing. The results will be included in an updated resource model for Plateau, due late 2025.

Chief Executive David Price commented: "Sunshine continues to increase its knowledge of the Plateau prospect and it is pleasing to read that Plateau is being considered as part of Sunshine's ambition to commence near-term, open cut gold mining."

Price noted that Rockfire's main focus remains the Molaoi project in Greece, where it is currently seeking drill permission.

By Holly Munks, Alliance News reporter

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