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Rockfire Resources PLC ( (GB:ROCK) ) just unveiled an update.
Rockfire Resources plc has identified a new zone of zinc at its Molaoi deposit in Greece, known as Gkagkania, through a pXRF soil survey. This new zone, comparable in surface size to the existing Kalamaki resource, has the potential to double the company’s JORC resources. The discovery is significant, with zinc-in-soil readings surpassing 0.15% Zn, indicating a strong geochemical anomaly. As a result, Rockfire plans to continue its pXRF survey over the entire license area to discover more potential targets. The findings at Gkagkania, a historically known zinc prospect, have prompted the company to seek a new drilling permit to convert resources from Inferred to Indicated status, potentially enhancing their market position.
More about Rockfire Resources PLC
Rockfire Resources plc is an exploration company specializing in gold, base metals, and critical minerals. The company boasts a high-grade zinc/lead/silver/germanium deposit in Greece and a portfolio of gold/copper/silver projects in Queensland, Australia. Its Molaoi deposit in Greece holds a JORC Inferred Mineral Resource of 15.0 million tonnes, while the Plateau deposit in Queensland has a JORC resource of 131,000 ounces of gold and 800,000 ounces of silver.
YTD Price Performance: -24.57%
Average Trading Volume: 85,127,096
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £5.22M
Learn more about ROCK stock on TipRanks’ Stock Analysis page.
