Rockfire Resources PLC
29 July 2026
29 July 2026
Rockfire Resources plc
("Rockfire" or the "Company")
Intercepts continue to build at Molaoi
Rockfire Resources plc (LON: ROCK), the base metal, critical mineral and precious metal exploration company, provides a drilling update from Rockfire's 100%-owned Molaoi zinc deposit in Greece. Hole HMO-019 has returned multiple high-grade zinc and germanium intersections, including one of the highest recent drilling germanium values with a laboratory analysis of 84.1g/t Ge.
Highlights
· Diamond drilling to upgrade the Inferred Resource to Indicated Resource status continues with hole HMO-021 currently in progress.
· Analytical results from Hole HMO-019 have arrived back from the laboratory and include:
o 0.10m @ 27.8% Zn, 87.6g/t Ag, 84.1g/t Ge from 202.29m downhole depth
o 3.30m @ 18.9% Zn, 37.2g/t Ag, 25.0g/t Ge at 261.03m downhole depth.
o 1.50m @ 5.2% Zn, 31.7g/t Ag, 25.4g/t Ge from 225.51m downhole depth
o 2.28m @ 4.6% Zn, 8.2g/t Ag, 12.0g/t Ge from 272.00m downhole depth
o 3.24m @ 3.6% Zn, 23.3g/t Ag, 9.7g/t Ge from 251.60m downhole depth
o 2.27m @ 3.0% Zn, 16.0g/t Ag, 18.8g/t Ge from 282.73m downhole depth
· Results from the laboratory for drill hole HMO-020 are awaited.
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Drill hole location map within the Molaoi Licence.
David Price, Chief Executive Officer of Rockfire, commented:
"Multiple intersections in Hole HMO-019 successfully extends mineralisation down-dip on the same section as hole HMO-018. This hole confirms that zinc, silver and germanium mineralisation continues at depth, another 50m deeper than HMO-018, which encountered 3.13m @ 6.0% Zn, 52.7g/t Ag and 18.2g/t Ge.
It is worthwhile noting that the grades intersected in Hole HMO-019 are stronger than those in hole HMO-018, suggesting that grade may increase at depth. This suggestion is yet to be confirmed by additional drilling at depth.
Each hole which returns good zinc, silver and germanium adds tonnage to our targeted Indicated Resource. The completion of an Indicated Resource is part of our scheduled feasibility study into economic extraction of zinc, silver, germanium and lead at Molaoi.
The Company is continuing to fast-track several technical aspects of the feasibility study for Molaoi.
· Quotes have been requested to undertake comminution tests to determine the appropriate crushing and grinding equipment to include in the planned feasibility study.
· This quote will include unconfined compressive strength tests to determine the ability of the ground to withstand compressive forces once a void is created during underground mining.
· The quote being obtained will also include an initial round of ore sorting tests to determine if an uplift in grade is possible prior to milling.
The Company has been notified that our new drilling rig remains on schedule for landing into Athens in late September/early October as originally scheduled.
The market will continue to be informed and updated as we advance the Molaoi Project."
For further information on the Company, please visit www.rockfireresources.com or contact the following:
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Rockfire Resources plc |
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David Price, Chief Executive Officer |
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Allenby Capital Limited (Nominated Adviser & Broker): |
Tel: +44 (0) 20 3328 5656 |
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John Depasquale / Ashur Joseph (Corporate Finance) |
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Matt Butlin / Kelly Gardiner (Sales and Corporate Broking) |
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CMC Markets UK Plc (Joint Broker) |
Tel: +44 (0)20 3003 8632 |
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Douglas Crippen |
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Oak Securities (Joint Broker) |
Tel: +44 (0) 20 3973 3678 |
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Jerry Keen / Robert Bell |
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 (F.AusIMM). 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.
Glossary
|
Item |
Definition |
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"3D" |
three dimensional |
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'' Ag'' "Au" |
Silver Gold |
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"Cu" "Ga" |
Copper Gallium |
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'' Ge'' |
Germanium |
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'' g/t'' |
grams per tonne |
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''JORC'' |
Joint Ore Resource Committee |
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"km" |
Kilometre |
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"m" "Ni" |
Metre Nickel |
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'' Pb'' |
Lead |
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"ppm" |
parts per million |
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"pXRF" |
portable X-Ray Florescence |
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"VMS" |
volcanogenic massive sulphide |
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''' Zn'' |
Zinc |
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"ZnEq'' |
zinc equivalent |
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 Mineral Resource of 15.0 million tonnes @ 7.26% Zn, 1.75% Pb and 39.50g/t Ag, for 1.5 million tonnes of ZnEq. metal. This resource uses a 4% low-grade cut, and equates to 1.09 million tonnes of zinc, 260,000 tonnes of lead and 19.1 million ounces of silver. Molaoi is also reported under the UNFC Code with classification E2, F2.1, G3 for Zn, Ag, and Pb, and E3.2, F3.1, G4.1 for Ge.
· The Plateau deposit in Queensland has a JORC Inferred 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 farm-in by ASX-listed Sunshine Metals Ltd (ASX:SHN).
· The Marengo prospect in Queensland hosts high-grade gold, silver and copper within an historic goldfield, which is entirely under licence by Rockfire. Marengo is subject to a farm-in by ASX-listed Eastern Resources Ltd (ASX:EFE).
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