TIDMROCK

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

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 or contact the following:

 
 Rockfire Resources plc :                     info@rockfire.co.uk 
 David Price, Chief Executive Officer 
 
 Allenby Capital Limited (Nominated Adviser   Tel: +44 (0) 20 
  & Broker):                                   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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(END) Dow Jones Newswires

March 14, 2023 03:00 ET (07:00 GMT)

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