Rockfire upbeat on Molaoi drilling

(Sharecast News) - Rockfire Resources said on Wednesday that drilling at its wholly-owned Molaoi zinc deposit in Greece continued to intersect high-grade germanium, with hole HMO-017 returning up to 52.3 grams per tonne over 0.5 metres. The AIM-traded company said laboratory results from HMO-017 included 2.2 metres at 4.5% zinc, 38.8 grams of silver per tonne, 1.2% lead and 35.7 grams of germanium per tonne from 254.45 metres, as well as one metre at 16.1% zinc from 288 metres.

A further 5.9 metres from 309.5 metres returned 5.0% zinc, 20.5 grams of silver per tonne, 1.4% lead and 16 grams of germanium per tonne.

Chief executive David Price said the results continued to confirm the deposit's widths and grades ahead of a planned upgrade of the inferred resource to indicated status, adding that high-grade zinc, silver, germanium and lead values were continuing to be intersected as drilling progressed.

At 1010 BST, shares in Rockfire Resources were down 5.66% at 0.13p.

Reporting by Josh White for Sharecast.com.

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