Rockfire Resources plc announced that the Company's drilling program at its 100%-owned Molaoi zinc deposit in Greece has intersected high-grade zinc beneath the main resource. The current drilling programme is aimed at extending the zinc resource both at depth and to the north. Hole HMO-001 is Rockfire's first resource expansion drill hole.

This hole targeted an undrilled extension of the resource model at depth. A 100m long gap in the drilling pattern has returned results which prove that zinc mineralisation extends beyond the current resource model outline. HMO-001 intersected 3.44m @ 11.4% ZnEq.

(5.1% Zn, 36.6g/t Ag, 0.94% Pb, 35.9g/t Ge) from 228.02m depth. A second zone in hole HMO-001 at 239.00m depth intersected 3 .30m @ 35.7% ZnEq. (18.5% Zn, 158.5g/t Ag, 2.7% Pb and 81.8g/t Ge).

A third zone of 2.40m @ 11.2% ZnEq. (6.8% Zn, 2.7g/t Ag, 0.73% Pb and 30.5g/t Ge) was intersected in the same hole at a depth of 245.80m. The entire mineralised zone in hole HMO-001 is 20m @ 9.1% ZnEq.

(4.6% Zn, 34.6g/t Ag, 0.6% Pb and 23.0% Ge), which commences at 228.02m downhole depth. Drilling is continuing at Molaoi, with observations of the core recording visible zinc mineralisation in holes drilled deeper than historical drilling, as well as holes being drilled to the north of the resource. The resource is likely to be expanded at depth and along strike once the analyses are completed at the laboratory.

Rockfire is striving to expand the zinc resource at Molaoi. A JORC Inferred Resource of 250,000 tonnes of zinc equivalent metal has been estimated at Molaoi, and the Company is targeting a zinc equivalent resource of at least 400,000 tonnes.