Sunshine Gold Limited has signed a binding Farm-In and Joint Venture agreement with Rockfire regarding Lighthouse, a high quality gold project, in the prolific Ravenswood District (~ 20Moz Au produced) adjacent to Ravenswood West near Townsville. Lighthouse adjoins Sunshine Gold's 100% owned Ravenswood West Project. The consolidated Ravenswood West will comprise ~16% of the exposed Lolworth-Ravenswood Block (~20M oz
Au produced). The Mt Windsor Volcanics are host for nearby VHMS deposits: Thalanga, Liontown, Highway-Reward and Magpie. Similarly, Lighthouse contains ~10km of Mt Windsor Volcanics with significant Zn-Pb-Cu-Ag-Au anomalism at Bullseye, Rollston River, Scrubby Dam and Warrawee
West. In addition, the Horse Creek target is elevated in copper and gold (similar to Highway-Reward). The Seventy Mile Range Group was later intruded by Ordovician and Siluro-Devonian igneous rocks which are linked with the gold at Charters Towers (6.5M oz) and in the Ravenswood-Sandy
Creek areas (4M oz). At Lighthouse, this is the host sequence (and likely age of mineralisation) for the Double Event, Upper Lighthouse, Bluff Creek and Lower Lighthouse prospects. Subsequently, a younger epoch of felsic volcanism and sub-volcanism occurred in the Permo-Carboniferous, related to high-level gold and base metal mineralisation at Mt Leyshon (3.5M oz), Mt Wright (1M oz) and stock-work vein mineralisation at Ravenswood (4M oz). The Plateau prospect at Lighthouse is also associated with this mineralisation event. The presence of volcanics mapped at Cardigan Dam suggests a possible Permo-Carboniferous related target age. Outcropping gossans were first recognised at Plateau in 1976. The first gold focussed drill
program was completed in 1985 by Esso who drilled 1,352m with a best intersection of 86m @ 1.62 g/t Au. Rockfire has held Plateau since 2017 and completed 7,876 m of infill and extensional drilling on the Plateau Breccia and Eastern Limb Fault Zones, culminating in an initial Resource of 961kt @
1.66 g/t Au for 50K oz Au.