RE: 500% increase in Resource (Jorc Report)26 Feb 2025 07:36
Resource is proved.....using JORC Report!!
Wowzer!!
Rockfire Resources plc
("Rockfire" or the "Company") 500% increase in Resource at Molaoi
Molaoi now in top 20 undeveloped global zinc deposits
Rockfire Resources plc (Rockfire, LON: ROCK), the base metal, precious metal and critical mineral exploration company, is pleased to announce a JORC Mineral Resource upgrade of 500% at the Molaoi zinc/silver/lead deposit in Greece.
The updated JORC Resource is 500% larger than the Maiden Resource announced in May 2022 (refer to Rockfire RNS 23 May 2022). This new Resource has surpassed all expectations and places Molaoi within the top 20 undeveloped zinc resources globally in terms of tonnage, grade and zinc equivalent metal content.
Molaoi is in the Peloponnese Region of Greece and is held 100% by Hellenic Minerals SA (Hellenic), which in turn is a 100% subsidiary of Rockfire. The Resource is reported in accordance with the Joint Ore Reserve Committee ("JORC") Australasian Code (2012) for Reporting of Exploration Results, Mineral Resources and Ore Reserves.
Highlights
· The Inferred JORC Resource estimation for Molaoi is:
15.0 million tonnes @ 7.26 % Zn, 1.75 % Pb and 39.5 g/t Ag
(9.96 % zinc equivalent)
· Molaoi contains 1,090,000 tonnes of zinc, 260,000 tonnes of lead, and 19.1 million ounces of silver.
· This Resource equates to 1,500,000 tonnes of zinc equivalent metal content, with zinc currently trading at US$2,881 per tonne.
· Molaoi also contains one of the world's geologically rare critical metals, germanium. A preliminary germanium quantity, which does not comply with the requirements of the JORC Code has been calculated at:
4.8 million tonnes @ 21.9 g/t Ge (105,700 kilograms germanium)
· Germanium is currently selling for US$3,681 per kilogram and represents a potentially valuable by-product of any future zinc production from Molaoi.
· A low-grade cut-off of 4 % for Zn has been used in the Resource estimate.
· The overall average width of all lodes throughout the resource is 4.1 m, with widths varying from 0.2 m to more than 20 m.
· Only 2.1 km of a potential strike extent of 7 km has been included in the Resource and mineralisation remains open at