Rockfire Resources PLC (LSE:ROCK) has completed the first drill hole in its resource upgrade program at the Molaoi zinc deposit in Greece. The hole intersected a 2.5-metre-wide zone containing visible zinc mineralization, with preliminary spot samples indicating notable levels of zinc, lead, and silver. Despite challenging drilling conditions caused by extensive fault zones, the results have provided valuable geological insights into the structure of the deposit, particularly regarding regional growth faults. To accelerate progress, the company plans to relocate the current rig and is seeking an additional drill rig to increase drilling efficiency.
More about Rockfire Resources PLC
Rockfire Resources PLC is a mineral exploration company focused on gold, base metals, and critical minerals. Its flagship asset, the Molaoi zinc deposit in Greece, hosts high-grade zinc, lead, silver, and germanium mineralization. The company also holds a portfolio of exploration projects in Queensland, Australia, including the Plateau and Marengo prospects, which are prospective for gold, copper, and silver.
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