TIDMROCK
RNS Number : 5053G
Rockfire Resources PLC
19 July 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 .
19 July 2023
Rockfire Resources plc
("Rockfire" or the "Company")
Molaoi drilling continues to deliver
Rockfire 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.
Highlights
-- Two distinct, high-grade zinc lodes have been intersected in
Rockfire's fifth drill hole (MO_GTK_005).
-- Drill hole MO_GTK_005 is positioned approximately 50m north
of the previous Rockfire holes and infills historical drilling.
-- Individual peak zinc values in are up to 29.8% Zn.
-- Individual peak lead values are up to 3.3% Pb.
-- Individual peak silver values are up to 204.0g/t Ag.
-- An upper lode of 2.40m @ 5.5% ZnEq. occurs from 81m (4.7% Zn, 21.9g/t Ag, 0.9% Pb)
-- 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.
-- Intervals exceeding the minimum underground mechanised mining
width of 2m continue to be intersected.
-- The Company will continue to keep the market informed over
the coming weeks, with on-going analytical results pending.
Please refer to the extract below for the location of Rockfire's
drilling in relation to historical drill holes.
David Price, Chief Executive Officer of Rockfire, commented:
"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.
"The market will continue to be informed of our progress at
Molaoi, including assay results from our remaining two holes, 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 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 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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July 19, 2023 03:36 ET (07:36 GMT)
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