28th Nov 2022 11:50
(Alliance News) - Rockfire Resources PLC on Monday said it received high-grade results from rock samples taken from historic waste dumps and surface at its wholly owned Molaoi zinc, silver, lead, germanium deposit in Greece.
Shares in Rockfire Resources were up 7.3% at 0.19 pence on Monday morning in London.
Samples of up to 25% zinc, 17% lead and up to 498 grams per tonne of gold have been recorded in rocks from waste dumps and outcrop around old mine workings.
The highest results were obtained from the Kalamaki prospect, the firm added, though strong results were also recorded that the Mesovouni and Gkagkania prospects.
Germanium values were low due to the strong weathering of the rocks at the deposit. This is because germanium is heavily leached from weathered rocks, Rockfire explained.
"These rocks have returned very good results. Being from the spoils (waste) around the opening of old workings, it is testimony to the high grades of zinc, lead and silver encountered during historical mining," Chief Executive David Price said.
"Several high-grade results were obtained from outcrops with no historical mining. This emphasises the quality of targets to the north and northwest of the main resource area. Some of these targets have been drilled previously by the Greek government and encountered high-grade zinc, lead and silver in drilling."
By Heather Rydings; [email protected]
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