TIDMROCK
RNS Number : 8062H
Rockfire Resources PLC
01 August 2023
The 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 .
1 August 2023
Rockfire Resources plc
("Rockfire" or the "Company")
Further high-grade drill results from Molaoi
Rockfire Resources plc (LON: ROCK), the base metal, gold, and
critical mineral exploration company, is pleased to announce that
the Company's geotechnical drilling, has intersected high-grade
zinc, silver and lead at its 100%-owned Molaoi zinc deposit in
Greece.
Highlights
-- Hole MO_GTK_006 has intersected an excellent interval of 3.3m
@ 22.1% ZnEq. (17.1% Zn, 1.9% Pb and 100.4g/t Ag).
-- The interval quoted above lies within a broader interval of
5.8m @ 13.6% ZnEq. (10.5% Zn, 1.2% Pb and 61.1g/t Ag), which
commences at 75.20m depth.
-- The highest individual assay is just under 1m wide (0.94m),
and grades 34.0% Zn, 4.1% Pb and 252.0g/t Ag.
-- Hole MO_GTK_007 was terminated early due to badly fractured
and broken ground, but did intersect the uppermost lode, which
returned 1.95m @ 3.0% ZnEq. It is expected that this hole will be
redrilled later to intersect the main lode deeper.
-- This drilling was designed to obtain a sufficiently large
sample for geotechnical test work, including crushing and grinding
tests. MO_GTK_007 has intersected zinc 300m south of previous
Rockfire drilling and assists with targeting more zinc at this
location.
-- Rockfire will continue to keep the market informed of
exploration activity planned at Molaoi over the coming weeks.
Please refer to the link provided for the location of Rockfire's
drilling in relation to historical drill holes.
[Insert link].
David Price, Chief Executive Officer of Rockfire, commented:
"These drilling results continue to demonstrate the quality of
the Molaoi zinc/lead/silver deposit. Our drilling is designed to
obtain sufficient sample volume for crushing and grinding work
index studies. Whilst achieving this principal goal, this drilling
continues to confirm and infill 179 historical drillholes which
were drilled at Molaoi in the 1980's.
"The robust nature of the mineralisation is evident, and
potentially economic grades and potentially mineable widths
continue to be intersected in every drill hole. The Board believes
that Molaoi can assist the alternative energy demand and high
technology future in Europe."
"The market will continue to be regularly informed of our
progress at Molaoi, including the timing for commencement of our
main drill infill programme and further geotechnical drilling."
Drill Hole RL Depth
ID UTM E UTM N m m Azim Dip
------------- ---------- ----------- ------- ------- ----- ----
MO_GTK_001 665401.54 4077605.44 151.82 201.80 268 -82
MO_GTK_002 665401.55 4077604.77 153.46 150.00 268 -60
MO_GTK_003A 665383.35 4077494.10 148.13 200.00 268 -85
MO_GTK_004 665383.01 4077493.43 149.57 156.90 268 -60
MO_GTK_005 665361.97 4077667.27 159.12 122.30 270 -80
MO_GTK_006 665360.59 4077669.68 159.04 99.30 270 -60
MO_GTK_007 665363.95 4077229.68 161.60 152.30 270 -80
Zinc Equivalent formula: Zn % + Pb %*0.875+Ag ppm*.0338
For further information on the Company, please visit
www.rockfireresources.com or contact the following:
Rockfire Resources plc : info@rockfire.co.uk
David Price, Chief Executive Officer
Allenby Capital Limited (Nominated Adviser Tel: +44 (0) 20
& Broker): 3328 5656
John Depasquale / George Payne (Corporate
Finance)
Matt Butlin / Kelly Gardner (Sales and
Corporate Broking)
Qualified Person Statement
The technical information in this announcement is based on
information compiled by Mr David Price, the Chief Executive Officer
of Rockfire Resources plc, who is a Fellow of the Australasian
Institute of Mining and Metallurgy (FAusIMM). Mr Price has
sufficient experience relevant to the style of mineralisation and
type of deposit under consideration and to the activity which has
been undertaken to qualify as a "Qualified Person" in accordance
with the AIM Rules Guidance Note for Mining and Oil & Gas
Companies. Mr Price consents to the inclusion in the announcement
of the matters based on their information in the form and context
in which it appears.
Notes to Editors
Rockfire Resources plc (LON: ROCK) is a gold, base metal and
critical mineral exploration company, with a high-grade
zinc/lead/silver/germanium deposit in Greece and a portfolio of
gold/copper/silver projects in Queensland Australia.
-- The Molaoi deposit in Greece has a JORC Inferred Resource of
2.3 million tonnes @ 11 % ZnEq. for 250,000 tonnes of ZnEq. This
resource uses a 4% low-grade cut, with individual elemental grades
of 9.4 % Zn, 1.7 % Pb and 47 g/t Ag. This equates to 210,000 tonnes
of zinc, 39,000 tonnes of lead and 3.5 million ounces of
silver.
-- The Plateau deposit in Queensland has a JORC resource of
131,000 ounces of gold and 800,000 ounces of silver, using a 0.5g/t
Au cut off. 53,000 of these ounces lie within the top 100m from
surface.
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