Rockfire Resources plc (AIM:ROCK) diamond drilling at the 100%-owned Molaoi zinc deposit in Greece has produced both very high pXRF readings and assay-confirmed mineralisation that push targets southwards and down-plunge.
Hole HMO-015, drilled to upgrade the Inferred Resource to Indicated status, returned individual peak spot pXRF readings of 47.7% Zn, 134 g/t and 2.6% Pb at roughly 350m downhole; core from HMO-015 has been sent to the laboratory and pXRF results are described as a guide only (the device does not detect germanium).
Laboratory assays from HMO-011, drilled at the extreme south of the licence, returned 2m @ 5.13% Zn, 20.2 g/t Ge, 27.4 g/t and 1.33% Pb from 36.10m, including 1.1m @ 9.12% Zn and 30.0 g/t Ge.
"Hole HMO-011 is a very successful and encouraging drill hole. It demonstrates that zinc, germanium, lead and silver all continue to the extreme southern boundary of the Molaoi licence, which is an extension we have always suspected, but never had evidence of. The 2m down-hole intercept is a nice, strong result and provides a clear target for exploration in the southern part of the licence to expand the resource," David Price, Chief Executive Officer, said.
The Molaoi deposit currently holds a JORC Inferred Resource of 15.0 million tonnes @ 7.26% Zn, 1.75% Pb and 39.50 g/t Ag; drilling of HMO-016 is underway and Rockfire says it will report laboratory results as they are received.
