RE: Drilling3 Apr 2025 11:06
David Price, Chief Executive Officer of Rockfire, commented:
"Our work to progress Molaoi continues at pace. Whilst we await the much-anticipated awarding of our revised permit for drilling, the team at Rockfire has been busy on multiple fronts."
"The pXRF survey has continued to the north of the main resource area of Kalamaki and has now tested the entire length of the licence (7.0km) on a 200m x 25m sampling density. Multiple prospects have returned strongly anomalous, soil and rock zinc responses and have been confirmed to be highly prospective, including Vigla, Gkagkania, Fournos,, Sarantaika, Varipati, Perivolaki, Fournos, and Agios Eustratios. Infill sampling on a 50m x 25m sample density remains in progress. The total length of the surface zinc anomalism is now 5.2km."
"Important background work is being conducted to better understand the geology of the deposit. This study focuses on constructing a 3D model to characterize rock subdivisions associated with zinc mineralization, aiming to delineate mappable rocks that control the zinc mineralisation and enhance predictive targeting. The ground at Molaoi is strongly broken and fractured and the team has done an excellent job defining rock boundaries and subtle changes in geology within highly deformed breccia zones. It is being proposed that zinc mineralisation, once thought to have a pure volcanogenic massive sulphide ("VMS") origin, may be more likely to be associated with faulting, shearing and the hydrothermal introduction of sulphide-rich fluids, including zinc and germanium. It is also becoming apparent that sphalerite has been deposited during multiple events and that lead has also been precipitated later, during a second mineralising geological event. This theory is strongly supported by petrology."
"Rockfire is thankful to have globally significant engineering and metallurgical consultants to assist us with the development of Molaoi. We look forward to working alongside them as we approach our infill drilling to define Indicated Resources."