Business
Massive sulphides hit at predicted depth at Molaoi
Massive sulphides hit at predicted depth at Molaoi.
About this update from Rockfire Resources Plc
[{"type":"text","content":"\n \n \n 12 December 2022\n \n \n \n Rockfire Resources plc\n \n \n \n (\"Rockfire\" or the \"Company\")Massive sulphides hit at predicted depth at Molaoi\n \n \n \n \nRockfire Resources plc (LON: ROCK), the gold, base metal and critical mineral exploration company, is pleased to announce that inaugural drilling has encountered massive sulphides at the predicted depth and position at its 100%-owned Molaoi zinc/silver/lead/germanium deposit in Greece (\"Molaoi\").\n \n \n \n \n \n \n \n Highlights\n \n \n \n \n \n ·\n Both massive and semi-massive sulphides have been encountered in Rockfire's first drill hole at a depth and position predicted from historical drill data.\n \n \n \n \n \n ·\n Between 1979 and 1988, 173 diamond drill holes were drilled at Molaoi, as well as metallurgical tests, a feasibility study and the development of a portal and decline to the orebody. The Company's exploration and exploitation permit allows Rockfire to capitalise on this excellent work by the Greek Government to help monetise the project in a timely manner.\n \n \n \n \n \n ·\n The current, first hole (MO_GTK_001) lies between historical drill holes and will serve to provide core for geotechnical test work to feed into a feasibility study.\n \n \n \n \n \n ·\n To encounter massive and semi-massive sulphides at the predicted depth and position verifies the historical drilling and validates the countless hours of mineralisation modelling completed by the Rockfire team.\n \n \n \n \n \n ·\n Massive sulphides occur between 130m and 134m, with semi-massive and disseminated sulphides continuing for a further 11m, down to 145m. More disseminated sulphides have also been encountered at 160m depth, which may represent a parallel lode beneath the main lode.\n \n \n \n \n \n ·\n A second, parallel lode is predicted, and drilling of this inaugural hole is being deepened, to test for this second lode.\n \n \n \n \n \n ·\n The core is demonstrating important zonation. As the orebody is approached in the drill hole, epidote veining alteration gives way to a broad zone of intense, ubiquitous chlorite alteration. Even closer to the orebody, alteration changes to kaolinite (clay), then finally a subtle sericite alteration at the very edges of the mineralisation. This is an excellent observation by\n the Company's\n...