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

Zinc grades from drilling at Molaoi

26 May 2023 08:19

RNS Number : 7959A
Rockfire Resources PLC
26 May 2023
 

The information contained within this announcement is deemed by the Company to constitute inside information pursuant to Article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended.

 

26 May 2023

Rockfire Resources plc

("Rockfire" or the "Company") Record-breaking zinc grades from drilling at Molaoi

Rockfire Resources plc (LON: ROCK), the base metal, gold and critical mineral exploration company, is pleased to announce that the Company's geotechnical drilling programme at the Molaoi zinc deposit in Greece has intersected the highest zinc grades ever encountered at Molaoi.

 

Highlights

 

· An interval of 0.2m grading 50.8% Zn has been returned from drill hole MO_GTK_003A at 142.7m depth. This result is immediately followed by an interval of 0.7m grading 43.2% Zn.

 

· This lens of record-breaking grade averages 36% ZnEq. over a 1.42m total length (127.5g/t Ag, 2.7% Pb, 33.6% Zn) and represents the highest grades encountered at Molaoi so far, from 180 drill holes already drilled.

 

· The interval quoted above, occurs within a broader, high-grade zone of 4.85m @ 14.6% ZnEq. (58.3g/t Ag, 1.9%Pb, 12.97% Zn).

 

· A lower, footwall lode was encountered from 150.5m depth, which grades 11.7% ZnEq. over a width of 2.5m (49.1g/t Ag, 1.6% Pb, 10.2% Zn).

 

· MO_GTK_003A has a continuous zinc lode interval of 11.3m @ 9.2% ZnEq. commencing from 141.7m depth (37.3g/t Ag, 1.2%Pb 8.1% Zn).

 

· Individual peak silver values are up to 158g/t Ag.

 

· Individual peak lead values are up to 3.7% Pb.

 

· MO_GTK_003A was drilled halfway between historical drill holes and proves the continuity of zinc mineralisation. These assay results suggest that when infill drilling commences, the overall average grade of the deposit may increase. 180 diamond drill holes have been drilled at Molaoi.

 

· Zinc/lead/silver mineralisation continues to be encountered in the projected positions as identified from the historical drilling by the Greek Government.

 

· Germanium values remain low, suggesting that germanium may be concentrated in a particular part of the resource, or controlled by structures or preferential lithology. More drilling is required to determine the precise association between zinc and germanium.

 

· The geotechnical drilling programme has concluded for now and assay results are awaited for the remaining four holes completed. Core from the fourth drill hole has been sent to the laboratory.

 

· The Company will continue to keep the market informed over the coming months, with on-going analytical results pending.

 

 

David Price, Chief Executive Officer of Rockfire, commented:

"These spectacular assay results highlight the quality of the Molaoi deposit. Results from our geotechnical drilling continue to confirm the continuity of mineralisation throughout the length of the deposit. As holes are being drilled between historical holes, the high grades being encountered may enhance the overall average grade of the resource.

 

"Rockfire is committed to proceeding as quickly as possible towards a resource upgrade and to commence feasibility studies at the commencement of 2024. The market will continue to be informed of our very successful progress at Molaoi, including assay results as they are received and the advancement of our geotechnical studies."

 

 

Drill Hole ID

UTM E

UTM N

RL m

Depth m

Azim

Dip

MO_GTK_001

665401.54

4077605.44

151.82

201.80

268

-82

MO_GTK_002

665401.55

4077604.77

153.46

150.00

268

-60

MO_GTK_003A

665383.35

4077494.10

148.13

200.00

268

-85

MO_GTK_004

665383.01

4077493.43

149.57

156.90

268

-60

MO_GTK_005

665361.97

4077667.27

159.12

122.30

270

-80

MO_GTK_006

665360.59

4077669.68

159.04

99.30

270

-60

MO_GTK_007

665363.95

4077229.68

161.60

152.30

270

-80

 

 

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)

Matt Butlin / Kelly Gardner (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 portfolio of gold/copper/silver projects in Queensland Australia and a high-grade zinc/lead/silver/germanium deposit in Greece.

 

§ The Molaoi deposit in Greece has a JORC resource of 210,000 tonnes of zinc, 39,000 tonnes of lead and 3.5 million ounces of silver, using a 4% Zn cut off.

 

§ 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.

 

§ The Copperhead deposit in Queensland has a JORC resource of 80,000 tonnes of copper, 9,400 tonnes of molybdenum and 1.1 million ounces of silver, using a 0.13% CuEq. cut off.

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
 
 
DRLFIFLDEEIRFIV
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.