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Exploration update for the Molaoi Project
Exploration update for the Molaoi Project.
About this update from Rockfire Resources Plc
[{"type":"text","content":"\n\n26 June 2024\nRockfire Resources plc\n(\"Rockfire\" or the \"Company\")\n Exploration update for the Molaoi Project, Greece\n\nRockfire Resources plc (LON: ROCK), the base metal, precious metal, and critical mineral exploration company, is pleased to provide an update of exploration activities at its 100%-owned Molaoi zinc deposit in Greece.\n \nHighlights\n \n· Digital Terrain Model (\"DTM\") topographic survey in progress\n· Ortho-mosaic photographic survey in progress\n· Light Detection and Ranging (\"LiDAR\") survey in progress\n· Portable X-Ray Florescence (\"pXRF\") survey in progress\n· Resource consultant has identified a minimum of 12 parallel zinc lodes\n· Updated resource estimation is in progress\nA local Greek contracting company has been engaged to complete a drone-supported, multi-sensor survey at Molaoi. This is the first time that high-tech instrumentation and modern survey techniques have been used at the Molaoi project.\n \nThe DTM survey will produce high quality imagery (photos) for the southern half of the licence, where the 250,000 tonnes of zinc equivalent resource is located. The accuracy of the photography will mean that individual rock outcrops will be clearly identifiable. The co-ordinates of each pixel in the photos will have a precision of 2-3cm, providing outstanding accuracy for the positioning of both historical and recent drill holes.\n \nIn addition to this, the survey will produce an elevation plan, with an accuracy of +/- 5cm in the vertical positioning of each pixel. Once again, this precision will provide high accuracy positioning of drill holes, with this level of accuracy required to produce a precise mineralisation model, to design mining plans and to select appropriate infrastructure siting.\n \nThis drone survey encompasses a Light Detection and Ranging (LiDAR) survey, which measures light reflectivity from the surface of the earth. Unlike traditional reflectivity surveys, (which use the sun's reflected rays), LiDAR uses a light laser beamed towards the ground from the drone and measures the reflectivity arriving back at the sensors on the drone. This high-tech method allows for vegetation to be filtered out of the imagery, allowing for a more accurat...