Germanium !!! - Not the flower!11 May 2022 17:34
Rockfire Resources PLC (LSE:ROCK) 0.49p, Mkt Cap £5m – Re-analysis of historic core from Molaoi zinc project detects germanium
Rockfire Resources reports that analysis of historic drill core from the Molaoi zinc project in Greece has shown the presence of the metal germanium which is classified by the European Commission as ‘critical’,.
The company says that the “weighted average grade of the 51 samples collected during the reanalysis of core from Molaoi is 51 grams per tonne (g/t) Ge, with a peak value of 197 g/t Ge. 41% of samples returned germanium values above 50 g/t Ge”.
Germanium is used “in the manufacture of everyday technology including mobile phones, electronics, solar cells, camera lenses, satellites, computer screens, as well as steering and parking sensors for vehicles. Germanium is also used in numerous military applications including weapons-sighters (scopes) and infrared night vision”.
Rockfire Resources is currently “working towards a maiden mineral resource estimate for Molaoi, however germanium will not be included in this initial JORC resource estimate, due to the absence of germanium analysis in the historical data”.
CEO, David Price, explained that “Our geologists elected to include the analysis for germanium based on a geological paper written in 2012, which suggested that Molaoi might be prospective for germanium. It has now been confirmed that germanium is present at Molaoi and at potentially commercial grades. The economics and recovery of the germanium is yet to be determined, however the grades returned from the laboratory in our resampling indicate potential for valuable additional metals to be recovered in any future concentrate from Molaoi”.
Mr. Price confirmed the company is continuing work to secure permits for “inaugural drilling in Greece”.