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Rockfire Resources plc (LON:ROCK), a company involved in the exploration of gold, base metals, and critical minerals, has announced that ASX-listed Sunshine Metals Limited ("Sunshine") has provided an update on its exploration activities at the Lighthouse tenement in Queensland, Australia. Sunshine is currently farming into the Lighthouse tenement, with the potential to earn up to a 75% interest through an expenditure of AUD$2.2 million over three years.
Exploration Findings and Sampling Results
Recent exploration work by Sunshine at the Double Event prospect has identified new, undrilled mineralized veins extending over a 3.5-kilometer strike length. The exploration included mapping, soil sampling, and rock chip sampling, which yielded notable results:
- 32.7 g/t Au and 31.2 g/t Ag (Sample DE24_001)
- 25.9 g/t Au and 35.7 g/t Ag (Sample DE24_011)
- 23.5 g/t Au and 28.1 g/t Ag (Sample DE24_007)
- 22.5 g/t Au and 30.4 g/t Ag (Sample DE24_008)
- 15.9 g/t Au and 20.4 g/t Ag (Sample DE24_004)
- 6.3 g/t Au (Sample DE24_006)
- 3.1 g/t Au (Sample DE24_010)
Planned Further Surveys
Sunshine is preparing to extend high-resolution magnetic and geochemical surveys at the Double Event prospect, as well as at two nearby prospects: Lower Lighthouse and Bluff Creek.
CEO’s Remarks
David Price, Chief Executive Officer of Rockfire, expressed satisfaction with the progress at the Lighthouse project, noting the encouraging high-grade gold results. Price highlighted that although Rockfire had previously drilled at Double Event, the recent sampling by Sunshine covers new areas that had not been previously explored.
He also mentioned the potential at Lower Lighthouse and Bluff Creek, referencing historical drilling results of 2 meters at 6.33 g/t Au and 4 meters at 5.91 g/t Au, respectively. Price emphasized that with gold prices near record highs, Rockfire is well-positioned with its high-grade project being explored by a reputable partner.
