TIDMROCK
RNS Number : 5299C
Rockfire Resources PLC
13 June 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 .
13 June 2023
Rockfire Resources plc
("Rockfire" or the "Company")
Drill results continue to support continuity of grade at
Molaoi
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."
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
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 portfolio of
gold/copper/silver projects in Queensland Australia and a
high-grade zinc/lead/silver/germanium deposit in Greece.
-- The Molaoi deposit in Greece has a JORC resource of 210,000
tonnes of zinc, 39,000 tonnes of lead and 3.5 million ounces of
silver, using a 4% Zn cut off.
-- 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.
-- The Copperhead deposit in Queensland has a JORC resource of
80,000 tonnes of copper, 9,400 tonnes of molybdenum and 1.1 million
ounces of silver, using a 0.13% CuEq. cut off.
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END
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June 13, 2023 02:57 ET (06:57 GMT)
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