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(Sharecast News) - Rockfire Resources reported further near-surface gold intercepts from the Plateau prospect in North Queensland on Friday, where joint venture partner Sunshine Metals was carrying out drilling as part of its farm-in agreement on the Lighthouse tenement.
Sunshine, which can earn up to a 75% interest by spending AUD 2.2m (1.07m) over three years, recently completed eight reverse circulation holes totalling 599 metres.
Among the latest results, hole 25PLRC006 returned eight metres at 3.17 grams of gold per tonne and 31 grams of silver per tonne, including two metres at 6.97 grams of gold and 84 grams of silver per tonne.
The results infilled previous high-grade intercepts, including 11 metres at 4.57 grams of gold per tonne from hole PLP130, and 13 metres at 1.97 grams of gold per tonne from PLP138.
A metallurgical sample had been collected from the recent drilling to support a resource update planned for late 2025.
"Although our focus is on the Molaoi critical mineral project in Greece, Rockfire keeps a close eye on activities at our Australian gold operations, and particularly the work being carried out by our joint venture partner, Sunshine Metals in North Queensland," said CEO David Price.
"The results from this drilling will be included in an update to the resource model and provide samples for planned metallurgical test work.
"Sunshine continues to increase its knowledge of the Plateau prospect and it is pleasing to read that Plateau is being considered as part of Sunshine's ambition to commence near-term, open cut gold mining."
At 1031 BST, shares in Rockfire Resources were up 17.37% at 0.11p.
Reporting by Josh White for Sharecast.com.
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