TIDMROCK
RNS Number : 5591T
Rockfire Resources PLC
15 November 2023
15 November 2023
Rockfire Resources plc
("Rockfire" or the "Company")
Sunshine commences drilling at Lighthouse, Queensland
Rockfire Resources plc (LON: ROCK), the base metal, gold, and
critical mineral exploration company, is pleased to announce that
the Company has been notified by Sunshine Metals Limited (ASX:SHN)
("Sunshine"), that it has commenced drilling 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.
Three holes (23PLRC_Prop_001, 002, 004) are designed to target
the northeast contact of the main diorite at Plateau, in a sparsely
drilled location. The holes will drill westward, towards the pipe
contact. Hole 23PLRC_Prop_003 is designed to test a structure
coming off the northeast contact and trending eastward. The third
hole, 23PLRC_Prop_007 will test a zone of elevated gold-in-rocks,
which includes a Rockfire sample assaying 6.96g/t Au and validated
by Sunshine with a value of 7.46g/t Au.
Five drill holes (23CDRC_Prop_001 - 004; and CD23_Prop_010) are
proposed at Cardigan Dam West and designed to target the Main
Gossan and its eastern extension. Holes 001-003 will target the
central part of the surface anomalism, which trends northwest. Hole
010 is proposed to target a mapped east-west trending breccia zone,
believed to be the eastern extension of the Main Gossan structure.
One hole, (23CDRC_Prop_004) will test a northwest-trending
lineament which has returned rock chips up to 59.5g/t Au.
One drill hole (23HCRC_Prop_001) is planned to target
immediately below a nickel-in-rock assay at Horse Creek Prospect,
which lies approximately 750m northeast of Plateau.
David Price, Chief Executive Officer of Rockfire, commented:
"This is a tremendous start by Sunshine and demonstrates the
commitment of our partner to the project. The team has identified
some impressive targets at Plateau, Cardigan Dam and Horse Creek
and Rockfire is wishing them all the best success for the drilling
programme."
"Of note is the very high-grade gold identified at Cardigan Dam
West. Grades up to 59.9 g/t Au are enticing and present opportunity
for exploration success. The northeast corner of Plateau is close
to where the Main Lode meets the Eastern Lode, but this area
remains under-drilled. It's exciting to have drilling focussing on
this area."
"It's great to see Sunshine out there actively drilling our
Lighthouse project and we are looking forward to updating the
market with results as they come to hand."
For further information on the Company, please visit or contact the following:
Rockfire Resources plc : info@rockfire.co.uk
David Price, Chief Executive Officer
Allenby Capital Limited (Nominated Adviser Tel: +44 (0) 20
& Broker): 3328 5656
John Depasquale / George Payne (Corporate
Finance)
Matt Butlin / Kelly Gardiner (Sales and
Corporate Broking)
Drillhole Easting Northing Elevation Azimuth Dip Depth
Proposed Name (UTM) (UTM) (mAsL) (deg) (deg) (m)
---------------------- -------- ---------- ---------- -------- -------- ---------------
Plateau Gold
Deposit
23PLRC_Prop_001 460,164 7,740,590 326 270 -60 100
23PLRC_Prop_002 460,151 7,740,647 328 270 -60 100
23PLRC_Prop_003 460,203 7,740,684 326 0 -60 100
23PLRC_Prop_004 460,134 7,740,621 328 270 -60 140
23PLRC_Prop_007 459,776 7,740,190 294 300 -60 75
Cardigan Dam
Prospect
23CDRC_Prop_001 462,622 7,737,839 288 0 -60 120
23CDRC_Prop_002 462,704 7,737,809 288 40 -60 100
23CDRC_Prop_003 462,763 7,737,783 288 35 -60 110
23CDRC_Prop_004 462,390 7,737,439 288 60 -60 120
23CDRC_Prop_010 463,071 7,737,691 298 0 -60 120
Horse Creek Prospect
23HCRC_Prop_001 460,333 7,742,456 288 270 -60 100
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 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.
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 or visit 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.
END
DRLEANFSFAPDFEA
(END) Dow Jones Newswires
November 15, 2023 04:32 ET (09:32 GMT)
Rockfire Resources (AQSE:ROCK.GB)
Historical Stock Chart
From Mar 2024 to Apr 2024
Rockfire Resources (AQSE:ROCK.GB)
Historical Stock Chart
From Apr 2023 to Apr 2024
