Feb 04, 2021

Samples ring in further potential at Lighthouse

Samples ring in further potential at Lighthouse

Rockfire Resources has reported high gold-in-soil values from soil sampling at the Bell Rock prospect within its Lighthouse project,  about 50km south-east of Charters Towers.

The company says a coincident gold/copper soil anomaly has been identified at Bell Rock that is more than 300m long and more than 100m wide.

Bell Rock is located less than 4km south-east of the Plateau gold deposit, where the company this week revealed a mineral resource containing 208,278 ounces of gold and 1.5 million ounces of silver (using a cut-off grade of 0.2 g/t gold).

The highest gold-in-soil value returned from Bell Rock was 1.7 g/t gold (1700 ppb) and the highest copper-in-soil value was 605ppm.

“I am pleased to announce these high gold-in-soil values from soil sampling at Bell Rock,” Rockfire chief executive officer David Price said.

“It is not common to obtain a soil sample with a +1,000 ppb gold value, so we consider these to be remarkable values.

“The identification of such high soil anomalism within the Lighthouse tenement provides further evidence that Lighthouse is a highly endowed tenement located between multi-million-ounce operating gold mines.”

The prospect’s proximity to Plateau meant greater potential for shared infrastructure and logistics as both projects advanced, he said.

Rockfire plans to carry out ground magnetics, extensional soil sampling, additional rock sampling and geological mapping at Bell Rock in the next four months.

“The company will continue to progress Bell Rock over the coming months towards a maiden drilling program and will update the market with this progress in due course,”Mr Price said.

  • An image showing the soil sampling results at Bell Rock can be viewed HERE