Drilling commences at Molaoi

Rockfire Resources PLC

13 October 2023

 

13 October 2023

Rockfire Resources plc

("Rockfire" or the "Company")

Drilling commences at Molaoi

Rockfire Resources plc (LON: ROCK), the base metal, gold, and critical mineral exploration company, is pleased to announce that the Company has commenced drilling at its 100%-owned Molaoi zinc deposit in Greece.

This drilling programme, consisting of 5 holes, is designed to replicate several historical drill holes to establish a high confidence in the positioning of the historical drill holes. This increased confidence in the positioning of historical holes is expected to enable our Inferred Resources to convert to Indicated Resources, which can then be used in our planned Feasibility Studies.

It is important to understand that this round of drilling is not designed to increase the resources, rather, it is designed to provide confidence in the conversion to Indicated Resources. Rockfire's current Inferred Resource cannot be used in Feasibility Studies in accordance with the JORC Code for Reporting. Any Feasibility Study requires Indicated Resources, and Rockfire is establishing the pathway to a Feasibility Study at Molaoi, which is planned for 2024.

Although the trading of Rockfire shares is currently under suspension, the company will be releasing drilling results from Molaoi.

For further information on the Company, please visit  or contact the following: 

Rockfire Resources plc:	[e-mail]
David Price, Chief Executive Officer
Allenby Capital Limited (Nominated Adviser & Broker):	Tel: [phone]
John Depasquale / George Payne (Corporate Finance)
Matt Butlin / Kelly Gardiner (Sales and Corporate Broking)

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 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.

 

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