Rockfire Resources (ROCK) , a gold and critical minerals explorer, announced that ASX-listed Sunshine Metals has received positive first-pass drilling results from Rockfire's Lighthouse tenement in Queensland, Australia. Sunshine is farming into the Lighthouse tenement with the option to earn a maximum 75% interest for AUD$2.2m over a 3-year period.
Drilling at Lighthouse comprised of 11 RC holes (1,167m), testing 3 separate prospects: Cardigan Dam, Plateau, and Horse Creek. Drilling at Cardigan Dam (5 holes, 565m) targeted 2 separate gossanous shear zones, which sit within a ~300m long soil anomaly. Multiple anomalous gold zones were identified, including a shallow intersection requiring follow-up of 3m @ 1.56 g/t Au from 31m (23CDRC002).
Meanwhile at Plateau, drilling of 5 holes for 505m assessed the northeast corner of the mineralised rhyolite pipe. Prospective breccia was intersected in 3 holes and returned 1m @ 2.29 g/t Au from 41m (23PLRC004).
Rockfire also said a likely meteorite was identified in an outcrop at Horse Creek, adding that the prospect remained prospective for copper and gold.
View from Vox
Encouraging initial results from the Lighthouse farm-in in Queensland, Australia. Sunshine commenced drilling at the tenement in mid-November with 5 holes at the Plateau prospect and 5 holes at Cardigan Dam West. Today the company announced excellent gold mineralisation at both locations, particularly at Cardigan Dam, increasing investor confidence in Lighthouse.
The next round of drilling results should follow in due course as Sunshine continues its exploration of the tenement. Lighthouse straddles two of the most productive structural corridors on the east coast of Australia, hosting Pajingo (2.7 Moz. gold), Mt Leyshon (4 Moz. gold, 2.3 Moz. silver), Ravenswood (4 Moz. gold), and Charters Towers (+6 Moz. gold). Rockfire is targeting similar, multi-million-ounce deposits.
Investors interested in the project should Rockfire for further news and updates.