Business
Molaoi drilling continues to deliver
Molaoi drilling continues to deliver.
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 \n19 July 2023\nRockfire Resources plc\n(\"Rockfire\" or the \"Company\")\n Molaoi drilling continues to deliver\n\nRockfire Resources plc (LON: ROCK), the base metal, gold and critical mineral exploration company, is pleased to announce that the Company's fifth drill hole, as part of its geotechnical drilling programme at its 100%-owned Molaoi zinc deposit in Greece, has encountered yet more high-grade zinc, silver and lead.\n \nHighlights\n \n· Two distinct, high-grade zinc lodes have been intersected in Rockfire's fifth drill hole (MO_GTK_005).\n \n· Drill hole MO_GTK_005 is positioned approximately 50m north of the previous Rockfire holes and infills historical drilling.\n \n· Individual peak zinc values in are up to 29.8% Zn.\n \n· Individual peak lead values are up to 3.3% Pb.\n \n· Individual peak silver values are up to 204.0g/t Ag.\n \n· An upper lode of 2.40m @ 5.5% ZnEq. occurs from 81m (4.7% Zn, 21.9g/t Ag, 0.9% Pb)\n \n· A main lode, comprising 3.5m @ 7.3% ZnEq., occurs within a broader zone of 3.96m @ 6.6% ZnEq., starting from 87.94m. Within this main lode, a high-grade core of 1.4m @ 12.6% ZnEq. (11.3% Zn, 77.8g/t Ag, 1.5% Pb) occurs.\n \n· Intervals exceeding the minimum underground mechanised mining width of 2m continue to be intersected.\n \n· The Company will continue to keep the market informed over the coming weeks, with on-going analytical results pending.\n \nPlease refer to the extract below for the location of Rockfire's drilling in relation to historical drill holes.\n \n\n \nDavid Price, Chief Executive Officer of Rockfire, commented:\n\n\"Molaoi continues to deliver high-grades with each hole drilled. The predicted position and depth of the zinc lodes continues to prove our geological model is correct and the grades of zinc mineralisation are outperforming our expectations.\n \n\"The market will continue to b...