Business
Drill result support continuity of grade at Molaoi
Drill result support continuity of grade at Molaoi.
About this update from Rockfire Resources Plc
[{"type":"text","content":"\n\nThe information contained within this announcement is deemed by the Company to constitute inside information pursuant to Article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended.\n \n13 June 2023\nRockfire Resources plc\n(\"Rockfire\" or the \"Company\")\n Drill results continue to support continuity of grade at Molaoi\n\nRockfire Resources plc (LON: ROCK), the base metal, gold and critical mineral exploration company, is pleased to announce that the Company's fourth drill hole, as part of its geotechnical drilling programme at the Company's Molaoi zinc deposit in Greece (\"Molaoi\"), continues to encounter strong zinc continuity.\n \nHighlights\n \n· Two lodes have been intersected in the fourth drill hole (MO_GTK_004), reaffirming that multiple lodes are continuous at Molaoi.\n \n· Minimum underground mechanised mining widths of 2m continue to be intersected, providing encouragement for further grade input to preliminary underground mine designs.\n \n· An upper lode of 2.37m @ 6.0% Zn occurs from 107m, as well as 0.8% Pb and 31.3g/t Ag.\n \n· A lower lode of 2.3m @ 5.3% Zn occurs from 110m, as well as 1.3% Pb and 13.6g/t Ag.\n \n· Individual peak zinc values in hole MO_GTK_004 are up to 17.6% Zn.\n \n· Individual peak lead values are up to 3.0% Pb.\n \n· Individual peak silver values are up to 91.8g/t Ag.\n \n· These intervals are positioned up-dip from hole MO_GTK_003A, which encountered multiple zinc lodes including 4.85m @ 14.6% Zn and 2.5m @ 11.7% Zn.\n \n· Zinc/lead/silver mineralisation continues to be encountered in the projected positions as identified from the historical drilling by the Greek Government.\n \n· Germanium values remain low, suggesting that germanium may be concentrated in a particular part of Molaoi, or controlled by structures or preferential lithology. More drilling is required to determine the precise association between zinc and germanium.\n \n· The Company will continue to keep the market informed over the coming weeks, with on-going analytical results pendi...