Reminder of nearby mines18 Dec 2019 16:41
Lighthouse (Au/Cu)
The Lighthouse tenement (EPM 25617) is located approximately 50km southeast from the gold mining centre of Charters Towers in Queensland Australia.
The tenement comprises multiple prospects including Plateau, Double Event, Split Rock, Cardigan Dam and Lower Lighthouse. Numerous styles of gold mineralisation are known within the tenement including epithermal, vein- and breccia-hosted and deep-seated porphyry targets.
Lighthouse straddles two of the most productive structural corridors on the east coast of Australia, hosting Pajingo (2.4Moz gold), Mt Leyshon (4Moz gold, 2.3Moz silver), Ravenswood (+4Moz gold) and Charters Towers (+7Moz gold). Rockfire is targeting similar, multi-million-ounce deposits.
The tenement has been explored previously by large, multinational corporations including Esso, Battle Mountain, Aberfoyle, Newcrest, CRA and Penarroya. More than 4,500m have been drilled within the Lighthouse tenement.
The most advanced prospect is the Plateau Prospect. Plateau hosts gossanous and jasperlitic veins and gold-bearing breccia at the margin of a felsic (rhyolite) plug. Drilling at Plateau has intersected 4m @ 6.1g/t Au and 5m @ 6.55g/t Au, amongst other promising results. During exploration in 2017 by Rockfire, drilling intersected 22m @ 1.9g/t Au and 22g/t Ag.
Similar drilling results have been encountered at the Double Event Prospect, where high gold values including 3m @ 5.20g/t Au and 2m @ 13.20g/t Au have been intersected in previous drilling. During two drilling campaigns by Rockfire in 2018, drilling encountered 3m @ 10.04g/t Au and 2m @ 4.0g/t Au.
This initial drilling has confirmed that high grades are achievable at each prospect and these intersections demonstrate the potential of the Lighthouse Project to host significant, near-surface gold deposits.
Rockfire aims to further explore both Double Event and Plateau Prospects, as well as follow-up anomalies outlined by previous explorers elsewhere within the tenement. Additional drilling at Double Event could see this project become a near-surface, medium-grade gold deposit located within 30km of an operating carbon-in-pulp gold processing plant.
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