Rockfire Resources plc (LON: ROCK), the base metal, gold and critical mineral exploration company, is pleased to announce that the Company’s fourth drill hole, as part of its geotechnical drilling programme at the Company’s Molaoi zinc deposit in Greece (“Molaoi”), continues to encounter strong zinc continuity.
Highlights
· Two lodes have been intersected in the fourth drill hole (MO_GTK_004), reaffirming that multiple lodes are continuous at Molaoi.
· Minimum underground mechanised mining widths of 2m continue to be intersected, providing encouragement for further grade input to preliminary underground mine designs.
· An upper lode of 2.37m @ 6.0% Zn occurs from 107m, as well as 0.8% Pb and 31.3g/t Ag.
· A lower lode of 2.3m @ 5.3% Zn occurs from 110m, as well as 1.3% Pb and 13.6g/t Ag.
· Individual peak zinc values in hole MO_GTK_004 are up to 17.6% Zn.
· Individual peak lead values are up to 3.0% Pb.
· Individual peak silver values are up to 91.8g/t Ag.
· These intervals are positioned up-dip from hole MO_GTK_003A, which encountered multiple zinc lodes including 4.85m @ 14.6% Zn and 2.5m @ 11.7% Zn.
· Zinc/lead/silver mineralisation continues to be encountered in the projected positions as identified from the historical drilling by the Greek Government.
· Germanium values remain low, suggesting that germanium may be concentrated in a particular part of Molaoi, or controlled by structures or preferential lithology. More drilling is required to determine the precise association between zinc and germanium.
· The Company will continue to keep the market informed over the coming weeks, with on-going analytical results pending.
A cross section through holes MO_GTK_003 and MO_GTK_004 can be viewed by following this link. http://www.rns-pdf.londonstockexchange.com/rns/5299C_1-2023-6-13.pdf
David Price, Chief Executive Officer of Rockfire, commented: “It’s great to see confirmation of high grade zinc occurring in each hole being drilled by Rockfire. The continuity of zinc mineralisation is being confirmed, and the positioning of the zinc lodes in accordance with those encountered during drilling by the Greek government in the 1980’s is being affirmed.
“Zinc grades remain robust. Importantly, the minimum mining width for mechanised mining of 2 metres is still being achieved. This is a critical aspect of mine design and planning for underground extraction.
“These results will help the Company select appropriate mineralized material to be included in planned geotechnical studies. These studies include crushing and grinding work indexes, which will be commissioned within the coming weeks.
“Rockfire is committed to proceeding as quickly as possible towards feasibility. The market will continue to be informed of our progress at Molaoi, including assay results as they are received.”
