REG - Rockfire Resources - Sunshine Gold finds gold and cobalt at Lighthouse

Rockfire ResourcesAnnouncement

06/04/2023 07:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230406:nRSF6152Va&default-theme=true

RNS Number : 6152V  Rockfire Resources PLC  06 April 2023

06 April 2023

Rockfire Resources plc

("Rockfire" or the "Company")

Sunshine Gold finds gold and cobalt at Lighthouse JV

Rockfire Resources plc (LON: ROCK), the gold, base metal, and critical mineral
exploration company, is pleased to advise the market that ASX-listed Sunshine
Gold Limited has provided an update of their exploration activities at
Rockfire's Lighthouse tenement in Queensland, Australia. Sunshine Gold Limited
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 Gold to the
ASX. http://www.rns-pdf.londonstockexchange.com/rns/6152V_1-2023-4-6.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/6152V_1-2023-4-6.pdf)

 

Highlights

 

·    Field reconnaissance over a previously identified 300m ridge of gold
anomalism at Cardigan Dam identified a gossanous breccia. The best gold result
assayed 13.20 g/t Au, 4.8 g/t Ag

 

·    A new zone of mineralisation identified approximately 500m south of
the gossanous ridge, with a rock chip assay returning 9.58 g/t Au, 9.9 g/t Ag

 

·    A rock chip returned elevated cobalt (Co - critical mineral) and
copper (Cu) over a strong magnetic anomaly, 250m NE of the gossanous ridge,
returning 0.62% Co, 0.48% Cu, 0.92% Ba, 185ppm Ni

 

 

David Price, Chief Executive Officer of Rockfire, commented:

"The discovery of an elevated cobalt sample is an interesting and exciting
discovery, particularly with the increasing demand for cobalt. Cobalt is used
in large quantities in battery storage of energy and the supply of cobalt as a
raw material for future energy storage is a growing and important industry.

 

"Sunshine Gold states that further investigation of the cobalt-enriched gossan
is required, but it is also extremely exciting to see the high-grade gold in
the rock samples being collected at Cardigan Dam Prospect, within the
Lighthouse tenement.

 

"We are happy with the thorough appraisal being undertaken by Sunshine and
delighted to see new, high-grade targets being identified. We look forward to
keeping the market informed of exploration progress at Lighthouse."

 

 

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  MSCMZGGDVVDGFZG