REG - Rockfire Resources - Sunshine Gold provides update on Plateau

Rockfire ResourcesAnnouncement

14/03/2023 07:15

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RNS Number : 8373S  Rockfire Resources PLC  14 March 2023

14 March 2023

Rockfire Resources plc

("Rockfire" or the "Company")

JV partner, Sunshine Gold provides update on Plateau

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 (ASX:SHN) has provided an update of its exploration activities at
the Lighthouse tenement to the Australian Stock Exchange. 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 Sunshine Gold announcement.

http://www.rns-pdf.londonstockexchange.com/rns/8373S_1-2023-3-14.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/8373S_1-2023-3-14.pdf)

 

Highlights of the Sunshine Gold announcement

 

Plateau Prospect

·    Two rock chips returned 7.46g/t Au, 116g/t Ag, 0.50% Ba, 0.16% V2O5
and 1.53g/t Au, 8.35g/t Ag, 0.74% Pb, 0.44% Zn

Cardigan Dam Prospect

·    A rock chip from gossan assayed 8.35g/t Au, 32.8g/t Ag, 0.28% Cu,
0.13% Co, 1.0% Ba

Horse Creek Prospect

·    A rock chip assayed 1.1% Ni, 0.27% Cr, 0.12g/t Au, 0.75g/t Pt,
0.45g/t Pd, 0.05% Co

 

David Price, Chief Executive Officer of Rockfire, commented:

"It's great to see such rapid progress by the Sunshine exploration team.
Rockfire is confident that Sunshine will continue to tenaciously explore the
Plateau tenement and we anticipate news flow from this work and associated
results throughout the coming year."

 

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.

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