Rockfire Resources says new zinc zone in Greece could double resources

(Alliance News) - Rockfire Resources PLC on Tuesday said a survey at the Gkagkania prospect within the Molaoi licence in Greece has found a second zinc zone.

The Greece and Australia-focused gold, base metal and critical mineral exploration company said its X-Ray Florescence soil survey has found an anomaly comparable to the main resource area at the zinc deposit in Greece.

The firm said it is comparable in size to the existing resource and therefore provides a target to double the Joint Ore Reserve Committee resources at the site.

The new zone will be referred to as Gkagkania and the existing resources as Kalamaki, the company said.

Rockfire Resources reported high responses of zinc-in-soil, of more than 0.15% zinc.

Chief Executive Officer David Price said: "These initial results from the pXRF survey are outstanding, particularly in the knowledge that more than 4.5 kilometres of tenement is yet to be surveyed further to the north.

"Rockfire will continue the pXRF survey to cover the entire licence to establish how many more of these targets exist. The market will be informed as our development activities at Molaoi continue."

Shares in Rockfire Resources were up 6.9% to 0.16 pence in London on Tuesday afternoon.

By Michael Hennessey, Alliance News reporter

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