t
| Date | 22 Mar 2023 |
| Time | 07:00:08 |
| Category | Acquisitions and alliances |
| ID | 8371T |
22 March 2023
Rockfire Resources plc
("Rockfire" or the "Company")
Rockfire and Sunshine Gold complete joint venture documentation
Rockfire Resources plc (LON: ROCK), the gold, base metal, and critical mineral exploration company, is pleased to announce that further to the announcement on 20 January 2023, all joint venture documentation between the Company and ASX-listed Sunshine Gold Limited (ASX:SHN) has been signed. 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. The signed documentation includes detailed farm-in, joint venture and royalty agreements.
Please follow this link to view the full announcement by Sunshine Gold Limited to the ASX.
http://www.rns-pdf.londonstockexchange.com/rns/8371T_1-2023-3-22.pdf
David Price, Chief Executive Officer of Rockfire, commented:
"With the finalisation of official documentation, and with the price of gold steadily increasing, it is timely to have active and exciting exploration for gold occurring at Plateau. The Sunshine team continues to see new opportunities for exploration targets at Plateau and other prospects within the Lighthouse tenement. We look forward to hearing more results of their work and we will continue to inform the market as their exploration activities progress."
For further information on Rockfire, please visit www.rockfireresources.com or contact the following:
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Rockfire Resources plc: |
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David Price, Chief Executive Officer |
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Allenby Capital Limited (Nominated Adviser & Broker): |
Tel: +44 (0) 20 3328 5656 |
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John Depasquale / George Payne (Corporate Finance) |
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Matt Butlin / Kelly Gardner (Sales and Corporate Broking) |
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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.