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Plateau continues to deliver near-surface gold

In brief · summary, not quotable

Joint venture partner Sunshine Metals reports gold drilling results at Plateau prospect in North Queensland.

  • RC drilling holes completed 8
  • Total metres drilled 599m
  • Best gold intersection 8m @ 3.17g/t Au and 31g/t Ag
  • Highest gold grade interval 2m @ 6.97g/t Au and 84g/t Ag
  • Sunshine farming in interest up to 75%
Full announcement

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Rockfire Resources plc (LON: ROCK), the base metal, critical mineral and precious metal exploration company, is pleased to inform the market of an update provided by Sunshine Metals Limited (Sunshine), regarding drilling results for gold exploration at the Plateau Prospect in North Queensland. Sunshine is farming into Rockfire's 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.

A link to the original Sunshine Metals announcement to the Australian Stock Exchange is provided here.

  • Resource infill drilling of 8 RC holes, for a total of 599m
  • 8m @ 3.17g/t Au and 31g/t Ag (25PLRC006)
  • Including 2m @ 6.97g/t Au and 84g/t Ag
  • Previous drilling being in-filled by the recent drilling includes:
  • 11m @ 4.57g/t Au from 39m (PLP130)
  • 11m @ 2.74g/t Au from 39m (BPL020)
  • 13m @ 1.97g/t Au from 30m (PLP138)
  • A sample for metallurgical test work has been collected from 25PLRC006. The new RC drilling and subsequent metallurgical results will be used to update a Resource for Plateau, due in late 2025.

David Price, Chief Executive Officer of Rockfire, commented:

"Although our focus is on the Molaoi critical mineral project in Greece, Rockfire keeps a close eye on activities at our Australian gold operations, and particularly the work being carried out by our joint venture partner, Sunshine Metals in North Queensland."

"The results from this drilling will be included in an update to the Resource model and provides samples for planned metallurgical test work."

"Sunshine continues to increase its knowledge of the Plateau prospect and it is pleasing to read that Plateau is being considered as part of Sunshine's ambition to commence near-term, open cut gold mining. We commend Sunshine for their professional and diligent development efforts."

Rockfire Resources plc :info@rockfire.co.uk
David Price, Chief Executive Officer
Allenby Capital Limited (Nominated Adviser & Broker):Tel: +44 (0) 20 3328 5656
John Depasquale / Dan Dearden-Williams (Corporate Finance)
Guy McDougall / Matt Butlin (Sales and Corporate Broking)
CMC Markets UK Plc (Joint Broker)+44 (0)20 3003 8632
Douglas Crippen
Glossary
ItemDefinition
"3D"three dimensional
'' Ag''silver
"Cu"copper
'' Ge''germanium
'' g/t''grams per tonne
''JORC''Joint Ore Resource Committee
"km"kilometre
"m"metre
'' Pb''lead
"ppm"parts per million
"pXRF"portable X-Ray Florescence
"VMS"volcanogenic massive sulphide
''' Zn''zinc
"ZnEq''zinc equivalent

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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