The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRockfire Regulatory News (ROCK)

Share Price Information for Rockfire (ROCK)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.185
Bid: 0.18
Ask: 0.19
Change: -0.03 (-13.95%)
Spread: 0.01 (5.556%)
Open: 0.215
High: 0.20
Low: 0.185
Prev. Close: 0.215
ROCK Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Confidence builds from twinned holes at Molaoi

30 Jan 2024 09:20

RNS Number : 3716B
Rockfire Resources PLC
30 January 2024

30 January 2024

Rockfire Resources plc

("Rockfire" or the "Company") Confidence builds from twinned holes at Molaoi

Rockfire Resources plc (LON: ROCK), the base metal, precious metal, and critical mineral exploration company, is pleased to announce that the Company's geotechnical drilling at its 100%-owned Molaoi zinc deposit in Greece has successfully and convincingly replicated historical drill holes. This drilling was necessary to build confidence in the relative position of the historical holes and to compare the strength of mineralisation in each position. The goal is to increase the scale of the resource base and to deliver as many tonnes as possible into the higher confidence "Indicated" JORC category.

Highlights

Hole MO_GTK_008

· sited to replicate historical hole AN031. Hole MO_GTK_008 intersected 4.75m of mineralisation, which compares favourably with 5.0m of mineralisation in historical hole AN031.

· Hole MO_GTK_008 has an average grade of 8.41% Zn, which compares favourably with an average grade of 9.95% Zn in historical hole AN031.

· The highest zinc grade returned from hole MO_GTK_008 is 22.90% Zn, compared with historical hole AN031, which returned a maximum grade of 23.44% Zn.

· The highest lead interval is 3.02m @ 3.15% Pb

· The highest silver interval is 4.75m @ 64.87g/t Ag

· The highest germanium interval is 3.67m @ 46.90g/t Ge

Hole MO_GTK_009

· sited to replicate historical hole B025. Hole MO_GTK_009 intersected 2.20m of mineralisation, compared with 4.20m of mineralisation in historical hole B025. A second zone of 1.90m grading 4.05% Zn was encountered in hole MO_GTK_009.

· Hole MO_GTK_009 has an average grade of 11.20% Zn, which compares favourably with an average grade of 11.37% Zn in historical hole B025.

· The highest zinc grade returned from hole MO_GTK_009 is 25.10% Zn, compared with historical hole B025, which returned a maximum grade of 21.50% Zn.

· The highest lead interval is 1.30m @ 2.61% Pb

· The highest silver interval is 1.30m @ 73.44g/t Ag

· The highest germanium interval is 2.20m @ 30.63g/t Ge

David Price, Chief Executive Officer of Rockfire, commented:

"This replication of historical holes was requested by SRK Consulting Geologists to provide increased confidence in the positioning and grades/widths of historical drill holes. The results indicate that the similarities between the original holes and the new holes are close. The width varies in hole MO_GTK_009, however this is likely due to differences in sample lengths and sampling intervals selected. This drilling provides confidence in the original data and validates many of the historical drill holes to be included into a future resource upgrade.

"These four drill holes (MO_GTK_008 to MO_GTK_011) add confidence to the existing data, which is largely derived from historical drill holes. The results from holes MO_GTK_010 and MO_GTK_011 are awaited.

"Currently, Molaoi has an Inferred JORC resource of 250,000 tonnes of zinc equivalent metal. Our overall objective is to increase the resource and the resource category to approximately 400,000 tonnes, which would provide a 10-year mine life for a modest underground mining operation."

"Drilling is continuing at Molaoi, with the current hole (HMO_001) designed to in-fill a very large drilling gap in the resource. This is an exciting drill hole and, if successful, has the potential to add several months to the mine life of any future mining operation at Molaoi. The market will continue to be regularly informed of our progress at Molaoi."

Hole Number

UTM East

UTM North

RL m

Depth m

Azimuth

Dip

MO_GTK_008

665377.508

4077068.9

174.02

155

360

-90

MO_GTK_009

665396.649

4077011.34

179.96

110.5

270

-70

MO_GTK_010

665325.749

4077267.12

164.45

158.7

360

-90

MO_GTK_011

665410.999

4077490.2

150.92

240

360

-90

For further information on the Company, please visit www.rockfireresources.com or contact the following:

Rockfire Resources plc:

info@rockfire.co.uk

David Price, Chief Executive Officer

Allenby Capital Limited (Nominated Adviser & Broker):

Tel: +44 (0) 20 3328 5656

John Depasquale / George Payne (Corporate Finance)

Guy McDougall / Matt Butlin (Sales and Corporate Broking)

Qualified Person Statement

The technical information in this announcement is based on information compiled by Mr David Price, the Chief Executive Officer of Rockfire Resources plc, who is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM). Mr Price has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which has been undertaken to qualify as a "Qualified Person" in accordance with the AIM Rules Guidance Note for Mining and Oil & Gas Companies. Mr Price consents to the inclusion in the announcement of the matters based on their information in the form and context in which it appears.

Notes to Editors

Rockfire Resources plc (LON: ROCK) is a gold, base metal and critical mineral exploration company, with a high-grade zinc/lead/silver/germanium deposit in Greece and a portfolio of gold/copper/silver projects in Queensland Australia.

§ The Molaoi deposit in Greece has a JORC Inferred Resource of 2.3 million tonnes @ 11 % ZnEq. for 250,000 tonnes of ZnEq. This resource uses a 4% low-grade cut, with individual elemental grades of 9.4 % Zn, 1.7 % Pb and 47 g/t Ag. This equates to 210,000 tonnes of zinc, 39,000 tonnes of lead and 3.5 million ounces of silver.

§ The Plateau deposit in Queensland has a JORC resource of 131,000 ounces of gold and 800,000 ounces of silver, using a 0.5g/t Au cut off. 53,000 of these ounces lie within the top 100m from surface. Plateau is subject to a joint venture with ASX-listed Sunshine Metals Ltd (ASX:SHN).

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
MSCFIFLALEIIVIS
Date   Source Headline
28th Apr 20207:00 amRNSNew area of mineralisation adjacent to Plateau
15th Apr 202011:00 amRNSDirector/PDMR Shareholding
3rd Apr 202010:12 amRNSOperational Update
3rd Apr 20207:00 amRNSGeochemical study strengthens Mt Wright analogy
13th Mar 20209:01 amRNSPlateau Gold Deposit Exploration Update
10th Mar 20202:00 pmRNSIssue of Fee Shares and Director/PDMR Shareholding
25th Feb 20207:00 amRNSMajor gold system hit in multiple holes at Plateau
4th Feb 202011:59 amRNSAppointment of Broker
31st Jan 20209:47 amRNSSilver up to two ounces/tonne returned at Plateau
27th Jan 202010:25 amRNSPlateau drilling intersects strong sulphides
20th Jan 20202:05 pmRNSSecond Price Monitoring Extn
20th Jan 20202:00 pmRNSPrice Monitoring Extension
20th Jan 20207:00 amRNSDrilling recommences at the Plateau Gold Deposit
31st Dec 20191:15 pmRNSTotal Voting Rights
24th Dec 20197:00 amRNSExercise of warrants and issue of equity
18th Dec 20197:00 amRNSHigh-grade gold under Plateau resource
17th Dec 201911:58 amRNSExercise of warrants and issue of equity
16th Dec 201911:06 amRNSPlateau drilling results boost open pit potential
12th Dec 20197:00 amRNSPlateau continues to expand on further results
11th Dec 20191:35 pmRNSExercise of warrants and issue of equity
10th Dec 201912:08 pmRNSLarge deep target confirmed at Plateau
9th Dec 201912:26 pmRNSHolding(s) in Company
4th Dec 20194:40 pmRNSSecond Price Monitoring Extn
4th Dec 20194:35 pmRNSPrice Monitoring Extension
3rd Dec 20194:40 pmRNSSecond Price Monitoring Extn
3rd Dec 20194:35 pmRNSPrice Monitoring Extension
3rd Dec 201912:16 pmRNSDrilling discovers more gold 120m east of BPL025
27th Nov 20192:05 pmRNSSecond Price Monitoring Extn
27th Nov 20192:00 pmRNSPrice Monitoring Extension
27th Nov 20197:00 amRNSUpdated Corporate Presentation
26th Nov 20197:00 amRNSDrilling intersects major gold system at Plateau
31st Oct 20195:00 pmRNSTotal Voting Rights
28th Oct 20197:00 amRNSExtensive sulphide zone at Plateau
15th Oct 20199:56 amRNSGeophysics highlights large anomalies at Plateau
11th Oct 20191:08 pmRNSDrilling commences at the Plateau gold deposit
11th Oct 201912:25 pmRNSDirector Shareholdings
23rd Sep 20193:13 pmRNSPlacing to Fund Expansion Drilling at Lighthouse
2nd Sep 20192:51 pmRNSUpdated Corporate Presentation
2nd Sep 201911:58 amRNSInterim Results
22nd Aug 20192:11 pmRNSBrigalow Goldfield increases Kookaburra potential
29th Jul 201912:08 pmRNSChange of Adviser
23rd Jul 20199:39 amRNSUpdate on Papua New Guinea Licence
4th Jul 20192:05 pmRNSSecond Price Monitoring Extn
4th Jul 20192:00 pmRNSPrice Monitoring Extension
4th Jul 201910:30 amRNSMaiden Gold Resource for Lighthouse
24th Jun 20191:38 pmRNSResult of AGM
20th Jun 20199:00 amRNSUpdated Corporate Presentation
10th Jun 20191:47 pmRNSCopperhead upgraded to 122,500t copper equivalent
31st May 20195:00 pmRNSTotal Voting Rights
24th May 201911:41 amRNSPosting of Annual Report and Notice of AGM

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.