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Yes, these are generally positive and encouraging results for an exploration drilling program at a VMS (volcanogenic massive sulphide) zinc-lead-silver-germanium project like Molaoi (Greece, operated by Rockfire Resources). They align with the style of mineralisation seen in recent drilling there and add value through extension potential, high-grade hits, and vectors for further targeting.

Context for Evaluation

Molaoi's existing JORC Inferred Resource is approximately 15 Mt at 7.26% Zn, 1.75% Pb, and 39.5 g/t Ag (with notable germanium as a potential by-product; historical concentrates average ~50 g/t Ge, up to 197 g/t). The deposit features high-grade zinc zones (often 10–20+% Zn in intersections), silver credits, and barium association. Exploration aims to extend the resource (especially south/west and at depth), upgrade categories, and confirm continuity.

Typical "good" VMS exploration hits include:

Zinc: >5–10% over meaningful widths is strong; narrower high-grade (>15–30% Zn) zones are common and economically significant if continuous.

Silver: >30–50 g/t adds value; >100 g/t is excellent.

Germanium: Even 10–30+ g/t in sphalerite is attractive due to its critical metal status and high value.

Copper: Often low in distal Zn-rich zones but increases toward the "feeder" (central part of the system); any rising Cu is a positive vector.

Widths here are mostly narrow (0.15–2 m), which is normal for early extension drilling in VMS lenses (thicker zones may exist nearby or in follow-up holes).

Breakdown of the Holes

Hole HMO-012 (south and west extension):

2 m @ 4.3% Zn, 20.5 g/t Ge, 23.7 g/t Ag (including 0.75 m @ 8.9% Zn + 30.1 g/t Ge) — Solid zinc hit with good germanium. The Ge grade is in line with (or above) what makes Molaoi interesting as a potential European germanium source. Zinc grade is decent for extension work.

1 m @ 59 g/t Ag + 0.2% Cu — Nice silver credit; modest Cu.

0.15 m @ 1.7% Cu — This is explicitly called out as the second-highest Cu value ever at Molaoi. In VMS systems, Cu strengthens toward the central feeder zone, so this acts as a vector pointing toward higher-grade or thicker mineralisation deeper/centrally. That's strategically valuable for future targeting.

Overall: Good extension success with polymetallic credits and an important geological vector.

Hole HMO-013 (south and west extension):

1.2 m @ 4.86% Zn, 1.2% Pb, 32.2 g/t Ag (ppm Ag likely means g/t), 17.9 g/t Ge at shallow depth (~47 m).

This is a strong shallow intercept — multi-metal (Zn + Pb + Ag + Ge) at grades comparable to or better than parts of the existing resource. Shallow mineralisation is particularly positive for potential open-pit potential or low-cost extension.

Hole HMO-014:

Suspended early at 195.8 m (target >380 m) due to technical issues (caving) — common in drilling; it will be re-drilled.

Despite this, spot pXRF values up to 13.86% Zn, 7.5% Pb, 66 g/t Ag at 172 m (well above the anticipated deeper zone).

pXRF i

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