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(Sharecast News) - Rockfire Resources said Thursday that it will begin a major diamond drilling programme next week to upgrade the resource estimate at its 100%-owned Molaoi zinc deposit in Greece.
The AIM-traded explorer said drilling was scheduled to start on 15 September, with a rig already on site and being prepared for deployment.
It said the campaign would comprise around 30 holes totalling 10,000 metres, with individual depths ranging from 200 to 450 metres, and was expected to run continuously until at least February.
Rockfire said the work was aiming to upgrade the current JORC Inferred resource to the Indicated category and deliver a maiden Inferred germanium resource.
Results would be released progressively as laboratory assays were received.
"It is with great pleasure that we announce the restart of drilling at Molaoi," said said chief executive David Price.
"I would like to thank shareholders for their patience throughout the permitting process.
"The board and management look forward to bringing you a flow of good news as our drilling advances."
At 1233 BST, shares in Rockfire Resources were up 1.78% at 0.28p.
Reporting by Josh White for Sharecast.com.
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