Last checked at 19 Jan 2024 07:00
19 January 2024
Rockfire Resources plc
("Rockfire" or the "Company") Encouraging first results from Cardigan Dam, Queensland
Rockfire Resources plc (LON: ROCK), the base metal, gold, and critical mineral exploration company, is pleased to announce that ASX-listed Sunshine Metals Limited ("Sunshine") has received encouraging first pass drilling results from Lighthouse. Sunshine is farming into Rockfire's 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.
Highlights
? Drilling at Lighthouse Farm-In comprised 11 RC holes (1,167m) testing three separate prospects: Cardigan Dam, Plateau and Horse Creek.
? Drilling at Cardigan Dam (5 holes, 565m) targeted two separate gossanous shear zones which sit within a ~300m long soil anomaly. The program identified multiple anomalous gold zones including a shallow intersection requiring follow-up of:
o 3m @ 1.56 g/t Au from 31m (23CDRC002)
? Plateau drilling (5 holes, 505m) assessed the northeast corner of the mineralised rhyolite pipe. Prospective breccia was intersected in 3 holes and returned:
o 1m @ 2.29 g/t Au from 41m (23PLRC004)
? Likely meteorite was identified in outcrop at Horse Creek. Prospect remains prospective for Cu and Au.
David Price, Chief Executive Officer of Rockfire, commented:
"Sunshine is doing some sound exploration within the Lighthouse tenement and initial results of this calibre, particularly at Cardigan Dam are very encouraging. Consistent, methodical exploration is required at a project like Lighthouse and Sunshine is providing that well. Rockfire's directors and management are looking forward to the next round of drilling at Lighthouse and continue to wish Sunshine all the best in their exploration efforts."
The full Sunshine announcement, which was released Australia today can be viewed here. http://www.rns-pdf.londonstockexchange.com/rns/2268A_1-2024-1-19.pdf
For further information on Rockfire, please visit www.rockfireresources.com or contact the following:
Rockfire Resources plc: | info@rockfire.co.uk |
David Price, Chief Executive Officer | |
Allenby Capital Limited (Nominated Adviser & Broker): | Tel: +44 (0) 20 3328 5656 |
John Depasquale / George Payne (Corporate Finance) | |
Matt Butlin / Kelly Gardner (Sales and Corporate Broking) |
Notes to Editors
Rockfire Resources plc (LON: ROCK) is a gold, base metal and critical mineral exploration company, with a high-grade zinc/lead/silver/germanium deposit in Greece and a portfolio of gold/copper/silver projects in Queensland Australia.
§ The Molaoi deposit in Greece has a JORC Inferred Resource of 2.3 million tonnes @ 11 % ZnEq. for 250,000 tonnes of ZnEq. This resource uses a 4% low-grade cut, with individual elemental grades of 9.4 % Zn, 1.7 % Pb and 47 g/t Ag. This equates to 210,000 tonnes of zinc, 39,000 tonnes of lead and 3.5 million ounces of silver.
§ 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. Plateau is subject to a joint venture with ASX-listed Sunshine Metals Ltd (ASX:SHN).
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.