Rockfire Resources PLC Exploration Update (6465P)
13 Fevereiro 2023 - 4:00AM
UK Regulatory
TIDMROCK
RNS Number : 6465P
Rockfire Resources PLC
13 February 2023
13 February 2023
Rockfire Resources plc
("Rockfire" or the "Company")
Exploration Update
Rockfire Resources plc (LON: ROCK), the base metal, gold, and
critical mineral exploration company, is pleased to inform the
market of recent exploration activity at the Company's 100%-owned
Molaoi zinc deposit in Greece.
Highlights
-- Following outstanding drilling results from drill hole
MO_GTK_001, two further geotechnical holes have been completed.
Hole MO_GTK_001 intersected a main lode comprising 13.4% ZnEq. over
a width of 7.18m, from 130.62m (11.3% Zn, 1.4% Pb and 50g/t Ag).
Several additional lodes were also encountered. Please refer to our
RNS, dated 23 January 2023.
-- Our geotechnical drilling is designed to gather geotechnical
information along a 1.5km strike length of the orebody to assist
with the selection of an appropriate mining method and mine design
for safety.
-- Massive sulphides have been observed in holes MO_GTK_002 and
MO_GTK_003A, with some of the strongest visual mineralisation so
far at Molaoi being encountered in MO_GTK_003A.
-- A fourth geotechnical drill hole (MO_GTK_004) is in progress.
-- Drill holes are being positioned approximately 100m apart,
along a 1.5km strike. This will ensure that the full length of the
zinc resource is tested for underground mining geotechnical
parameters, as well as crushing/grinding work index studies.
-- A site visit has been completed by SRK Consulting (UK) Ltd,
who are working with the Rockfire team to ensure best practice
methodologies are being implemented for the collection of data to
support ongoing studies.
David Price, Chief Executive Officer of Rockfire, commented:
" We are pleased with the progress of our geotechnical drilling
at Molaoi, and particularly thrilled with the quantity of sulphides
being encountered. Multiple lodes are still being encountered in
each hole, which bodes well for bringing these multiple lodes into
our next resource upgrade. The market will continue to be informed
of drilling progress and assay results as they are received."
UTM UTM Depth Dip
Hole number E N RL (m) (m) Azimuth (deg)
------------- ------- -------- ------- ------- -------- -------
MO_GTK_001 665404 4077606 151.73 201.80 268 -82
MO_GTK_002 665403 4077606 151.16 150.00 268 -60
MO_GTK_003 665387 4077496 155.00 119.30 268 -85
MO_GTK_003A 665384 4077496 155.00 200.00 268 -85
MO_GTK_004 665384 4077496 155.00 160.00 268 -60
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. Molaoi is owned 100% by
Rockfire.
-- 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. Plateau is subject to a Farm-in and Joint venture with
ASX-listed Sunshine Gold (ASX:SHN).
-- 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. Copperhead is owned
100% by Rockfire.
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END
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