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Rockfire in contention to win Greek zinc deposit
Rockfire in contention to win Greek zinc deposit.
About this update from Rockfire Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6248W\n Rockfire Resources PLC\n 23 December 2021\n \n \n \n \n The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (\"MAR\"). With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n \n 23 December 2021\n \n Rockfire Resources plc\n (\"Rockfire\" or the \"Company\")\n \n \n Rockfire in contention to win Greek zinc deposit\n \n \n Rockfire Resources plc (LON: ROCK), the gold and base metal exploration company, is pleased to announce that it has reached the \"Preferred Tenderer\" status in an open international tender. The tender is for a 100% interest in the right to explore and mine a high-grade zinc deposit in the Hellenic Republic of Greece (\"Greece\"). The Company is currently in the process of submitting the final phase of the tender.\n \n Highlights\n \n \n · The Greek Government recently conducted an open international tender for participants to apply for the exploration and mining licence over the Molaoi Zinc Project (\"Molaoi Project\" or the \"Project\") in the Peloponnese region in southern Greece. Rockfire is participating in this tender under a Memorandum of Understanding (\"MOU\") with a local Greek company, Hellenic Minerals I.K.E. (\"Hellenic\"), which is the applicant in the tender. Hellenic has recently been notified of its status as one of three \"Preferred Tenderers\".\n \n \n · Should Hellenic be the successful final applicant, Rockfire will acquire 100% of the shares in Hellenic to acquire 100% ownership of the rights to explore and mine the Project. The rights are valid for 30 years and includes the right to mine.\n \n \n · Molaoi is a volcanogenic massive sulphide (\"VMS\") deposit with stacked, folded lodes and an initial non-JORC mineral estimate dating back to 1981. The estimate was subsequently upgraded in 1988 following additional drilling by the Greek Government. More than 150 drill holes, including diamond drilling, have been drilled into the deposit.\n \n \n · In 1988, an underground portal and a 600m-long exploration decline were developed by the Greek Government to access the western-most mass...