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David Price, CEO of Rockfire Resources discusses how inaugural drilling at its 100%-owned Molaoi zinc/silver/lead/germanium deposit in Greece, has encountered massive sulphides at the predicted depth and position, verifying the historical drilling undertaken by the Greek Government.
Highlights
· Both massive and semi-massive sulphides have been encountered in Rockfire's first drill hole at a depth and position predicted from historical drill data.
· Between 1979 and 1988, 173 diamond drill holes were drilled at Molaoi, as well as metallurgical tests, a feasibility study and the development of a portal and decline to the orebody. The Company's exploration and exploitation permit allows Rockfire to capitalise on this excellent work by the Greek Government to help monetise the project in a timely manner.
· The current, first hole (MO_GTK_001) lies between historical drill holes and will serve to provide core for geotechnical test work to feed into a feasibility study.
· To encounter massive and semi-massive sulphides at the predicted depth and position verifies the historical drilling and validates the countless hours of mineralisation modelling completed by the Rockfire team.