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QUEENSLAND, AUSTRALIA - Sunshine Metals Limited has reported new gold exploration results from its drilling program at the Plateau Prospect in North Queensland, according to a press release from Rockfire Resources plc (LON:ROCK).
The resource infill drilling program, consisting of eight reverse circulation holes totaling 599 meters, revealed several gold intersections, including 8 meters at 3.17 grams per tonne (g/t) gold and 31 g/t silver in hole 25PLRC006, which included a higher-grade section of 2 meters at 6.97 g/t gold and 84 g/t silver.
These recent results complement previous drilling at the site, which had identified 11 meters at 4.57 g/t gold from 39 meters depth, 11 meters at 2.74 g/t gold from 39 meters, and 13 meters at 1.97 g/t gold from 30 meters in earlier holes.
Sunshine Metals has collected samples from the recent drilling for metallurgical testing, with results expected to contribute to an updated resource estimate for the Plateau Prospect scheduled for late 2025.
Sunshine is currently farming into Rockfire’s Lighthouse tenement and can earn up to a 75% interest by spending AUD$2.2 million over a three-year period.
The Plateau deposit currently has a JORC resource of 131,000 ounces of gold and 800,000 ounces of silver, with 53,000 ounces located within 100 meters of the surface.
David Price, Chief Executive Officer of Rockfire, noted that while the company’s primary focus remains on its Molaoi critical mineral project in Greece, they are monitoring activities at their Australian gold operations. Price added that Plateau is being considered as part of Sunshine’s plans for near-term, open-cut gold mining.
This information is based on a press release statement from Rockfire Resources.
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