Feb 11, 2021

Rockfire continues to add shine to Lighthouse

Rockfire continues to add shine to Lighthouse

Rockfire Resources is rolling out more results from work at its Lighthouse tenement, reporting a gold-in-soil anomaly at the Jeddah prospect.

Jeddah is located 2km southwest of the company’s Plateau gold deposit, within the Lighthouse tenement,  about 50km south-east of Charters Towers.

Rockfire says soil sampling at Jeddah has detected a cohesive gold anomaly, covering an area of 250m (east-west), by 150m (north-south).

It follows rock chip sampling in 2018 with results including 10m at 1.68 g/t gold and 8m at 1.23 g/t gold.

“Our exploration work continues to generate and upgrade our exploration targets within the Lighthouse tenement,” chief executive officer David Price said.

“As more exploration is completed, our team assigns a priority ranking to our numerous prospects, enabling efficient and cost-effective exploration.”

Rockfire Resources recently announced a 515 per cent increase in gold ounces at the Plateau deposit to more than 200,000 ounces of gold.

It views this as an opportunity to quickly bring on a low-cost, open-cut mine targeting a portion of the resource within 100m of the surface.

It also reported high gold-in-soil values from soil sampling at the Bell Rock prospect within the Lighthouse project.

Mr Price said Jeddah was an excellent prospect near to Plateau, particularly as epithermal textures in quartz veins had been mapped.

“The neighbouring Pajingo gold mine, which has produced more than 3 million ounces of gold, lies 25km south-west of Jeddah and is an epithermal gold deposit,” he said.

“While further exploration is planned at Jeddah, Rockfire will continue to focus on the Plateau deposit in the near-term, following the significant mineral resource upgrade announced in January 2021.

“Our regional exploration work is continuing, including a 3-dimensional magnetic analysis of the Copperhead porphyry copper project, also in Queensland.”

Rockfire Resources Lighthouse gold tenement prospects