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The latest update is out from Rockfire Resources PLC ( (GB:ROCK) ).
Rockfire Resources PLC has completed drilling of the first hole in its resource upgrade program at the Molaoi zinc deposit in Greece. The drilling encountered a 2.5m wide zone of visible zinc mineralization, with spot samples showing significant zinc, lead, and silver content. The challenging drilling conditions, due to extensive fault zones, provided valuable geological insights, particularly about growth faults. The company plans to expedite future drilling by relocating the rig and seeking a second drill rig to enhance productivity.
More about Rockfire Resources PLC
Rockfire Resources PLC is a gold, base metal, and critical mineral exploration company with a focus on high-grade zinc, lead, silver, and germanium deposits in Greece, as well as a portfolio of gold, copper, and silver projects in Queensland, Australia. The company is known for its Molaoi deposit in Greece and its Plateau and Marengo prospects in Queensland.
Average Trading Volume: 88,709,372
Technical Sentiment Signal: Hold
Current Market Cap: £11.68M
For a thorough assessment of ROCK stock, go to TipRanks’ Stock Analysis page.