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Rockfire Resources Plc

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Summary

Project:

Lighthouse

Deposit:Lighthouse
Location:Australia
Commodities:Gold
Date:7/4/2019
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:4-7-2019: Rockfire Resources Plc announces a Resource Estimation report for its Lighthouse deposit at the Lighthouse project. Maiden mineral resource estimate for project. Rockfire Resources plc (LON: ROCK), the gold and base-metal focused explorer is ple
Resources:(Resource, Inf.): 1.349Mt @ 1.18g/t Au for 51Koz Au contained
CP/QP:[Resources]: Bernd Sostak (Internal)
ABSTRACT:Rockfire Resources plc (LON: ROCK), the gold and base-metal focused explorer is pleased to announce a maiden JORC Resource of over 50,000 ounces of near-surface gold at its 100%-owned Lighthouse tenements ("Lighthouse") in Queensland, Australia. David Price, Chief Executive Officer of Rockfire commented; "Our Maiden JORC Resource at Lighthouse provides a solid resource base to underpin the Company valuation. Rockfire is rapidly defining and expanding its asset base, with this JORC Inferred gold resource at Lighthouse adding to and complementing the historical 122,600 tonnes of copper owned 100% by Rockfire at the Copperhead Project." "Rockfire is on an exciting and rapid growth curve and we are looking forward to further expansion of our copper and gold resources with continued exploration success. This result from our Maiden Resource at Lighthouse demonstrates and measures our exploration success to date and provides a sound platform for continued growth of the Company's asset base." "The Company's prudent strategy of sound science, thorough evaluation and methodical exploration is being rewarded with measurable asset valuation increase. Our ambition to define large-scale mineral resources is beginning to bear fruit and our recent Maiden Resource merely signals the start of our planned resource expansion. This JORC gold resource provides the catalyst for our anticipated growth.”

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