REG - Rockfire Resources - Sunshine Metals update at Lighthouse

Rockfire ResourcesAnnouncement

12/08/2024 09:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240812:nRSL0764Aa&default-theme=true

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
(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
(http://www.rockfireresources.com/)  or contact the following:

 

 Rockfire Resources plc:                                    info@rockfire.co.uk (mailto: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) 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDFIFLTTEIFLIS