Business
Sunshine Metals update at Lighthouse
Sunshine Metals update at Lighthouse.
About this update from Rockfire Resources Plc
[{"type":"text","content":"\n\n12 August 2024\nRockfire Resources plc\n(\"Rockfire\" or the \"Company\")\n\nSunshine Metals identifies high-grade gold prospects at Lighthouse\n\nRockfire 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.\n \nPlease 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 \n \nHighlights\n \n· 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.\n \n· 13 rock chip samples were collected at Double Event, with results including:\no 32.7 g/t Au, 31.2 g/t Ag (DE24_001)\no 25.9 g/t Au, 35.7 g/t Ag (DE24_011)\no 23.5 g/t Au, 28.1 g/t Ag (DE24_007)\no 22.5 g/t Au, 30.4 g/t Ag (DE24_008)\no 15.9 g/t Au, 20.4 g/t Ag (DE24_004)\no 6.3 g/t Au (DE24_006)\no 3.1 g/t Au (DE24_010)\n \n· Preparations are underway to extend high resolution magnetic and geochemical surveys at Double Event and two nearby prospects called Lower Lighthouse and Bluff Creek.\n \nDavid Price, Chief Executive Officer of Rockfire, commented:\n\n\"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.\"\n \n\"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.\"\n \n\"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 ...