Business
Important milestones continue to advance Molaoi
Important milestones continue to advance Molaoi.
About this update from Rockfire Resources Plc
[{"type":"text","content":"\n\n28 March 2025\nRockfire Resources plc\n(\"Rockfire\" or the \"Company\")\n\nImportant milestones continue to advance Molaoi\n\nRockfire Resources plc (LON: ROCK), the base metal, critical mineral and precious metal exploration company, is pleased to provide this update regarding the on-going development activities at its 100%-owned Molaoi zinc deposit in Greece.\n \nHighlights\n \n· A tenement-scale pXRF soil and rock survey on a 200m x 25m grid density is now complete.\n· A high-resolution pXRF soil and rock survey using a 50m x 25m grid density is in progress and continues to expand zinc targets northwards.\n· Strong, coherent zones of zinc and lead have been identified to the north of the Gkagkania prospect, with the Fournos Prospect becoming another important target for the expansion of zinc resources.\n· A new, extensively mineralised zone called the Agios Eustratios Prospect to the south of the main resource area of Kalamaki has been highlighted by the recent survey. Agios Eustratios was drilled in the late 1980's by the Greek Government and returned 0.5m @ 27.3% Zn.\n· Peak results up to 5.57% Zn, 3.47% Pb, 63g/t Ag and 397ppm Cu have been encountered during the pXRF survey from a rock sample between Gkagkania and Fournos prospects.\n· A detailed geological model is being built to assist in understanding the geology at Molaoi. Our consulting geologist, Mick Oates is developing this geological model and has identified textures and structures which may suggest a different origin of the mineralisation from the volcanogenic massive sulphide (\"VMS\") theory for Molaoi.\n· Our consultant, Mick Oates was a member of the team which won the Australian Association of Mining and Exploration Companies (\"AMEC\") award for 'Prospector of the Year' in 2019 and part of the Peel Mining team awarded the title of 'Explorer of the Year' in 2022.\n· Wardell Armstrong International, part of SLR Group Consulting (\"WAI\"), a leading global engineering and mining consultancy has been engaged to assist the development of Molaoi. WAI has already completed an assessment of the reasonable prospects for economic extraction for Molaoi using the re...