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Re: News Releases - Friday, November 16, 2007
Rochester Announces Mill Production And Silver Recovery Update
For Its Mina Real Mill
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Vancouver, Canada - Rochester Resources Ltd. (TSXV: RCT; OTCBB: RCTFF
and Frankfurt: R5I): Rochester is pleased to announce a mill production
update for September and October, 2007. Our regular monthly shipments
of gold and silver precipitate have surpassed the $1 million mark for
the first time and continue to show significant increases in production
value on a month-to-month basis. Shipments to the refinery for the
four-week period ending September 30, 2007 had an estimated value of
US$858,612, increasing to an estimated value of US$1,031,305 for the
four-week period ended October 31, 2007.
Table 1: Mill Production Results
During September processed tonnage through the mill averaged 199.5
tonnes per day. In October processed tonnage through the mill averaged
198.0 tonnes per day. The throughput has been equalized in the past few
months with normal start up procedures becoming further streamlined.
Said Dr. Alfredo Parra, "We are making excellent strides in stabilizing
our mill production. Our operation continues to be more consistent and
our plans to increase our production in the not so distant future
remain intact." Lower grade material continues to be processed as mill
feed while the recovery rates are maximized. For head grades and
recovery rates please refer to table 1.
We remain positive about the prospects for significant increases in
throughput tonnage and gold and silver production from current levels.
We have not changed our expectations of achieving commercial production
at the 200-250 tonnes/day level during November and December, 2007 and
then moving to higher levels of production in the New Year as mining
activity dictates.
Update on silver recovery rates:
Joseph Keane, consulting director of the Company, and director of
METCON Research Inc. of Tuscon, Arizona, has recently completed a test
for silver recovery of Rochester's Florida triple vein system. The
outcome was a success recording 91% recovery rates using a SO2 pre-wash
followed by putting the ore back through the circuit. The Company will
be following up this success at METCON Research Inc. with four
additional samples representing four different types of ore found
Project-wide.
We expect by early December to have a successful outcome and a go ahead
to implement the new circuit and procedure into the mill production
with expected silver recovery rates greater than 90%. The
implementation process is expected to be complete in time for
processing the silver-rich ore at Tajos Cuates early Q2 2008.
Dr. Parra is the Company's in-house Qualified Person and QP Member of
the Mining and Metallurgical Society of America with special expertise
in Mining.
About Rochester Resources Ltd.
Rochester represents a pure-play into the exploration and development
of high grade gold and silver properties located in Nayarit, Mexico.
The Company is a "niche" player in Mexico which has assembled an
attractive portfolio of high grade gold-silver properties in the Sierra
Madre Occidental range. This is the largest epithermal precious metal
region in the world, hosting a majority of Mexico's large tonnage gold
and silver deposits. Current production generates growing cash flow and
helps fund our ongoing exploration and development with minimum share
dilution. We have identified 36 vein structures on our three projects
and embarked on an aggressive exploration program including a 7000m
drill program and 2000m drift development program that will determine
the next steps for mine development and production levels. Rochester
is well positioned to advance its projects and can very quickly become
a major player in Mexico. It has a strong senior management team based
in Mexico, the workforce in place to advance its projects, and the
capital to implement the work programs to advance our exploration and
development projects towards production.
ON BEHALF OF THE BOARD
"Dr. Alfredo Parra"
Dr. Alfredo Parra, President and CEO
Investor information contact:
Empire Communications Inc.
Tel: 1-866-841-0068
Email: info@rochesterresourcesltd.com
Website: www.rochesterresourcesltd.com
Forward Looking Statements
This Company Press Release contains certain "forward-looking"
statements and information relating to the Company that are based on
the beliefs of the Company's management as well as assumptions made by
and information currently available to the Company's management. Such
statements reflect the current risks, uncertainties and assumptions
related to certain factors including, without limitations, competitive
factors, general economic conditions, customer relations, relationships
with vendors and strategic partners, the interest rate environment,
governmental regulation and supervision, seasonality, technological
change, changes in industry practices, and one-time events. In
addition, the Company has not conducted an independent feasibility
study on the Mina Real project which may increase the risk that the
planned operations are not economically viable. Should any one or more
of these risks or uncertainties materialize, or should any underlying
assumptions prove incorrect, actual results may vary materially from
those described herein. The TSX Venture Exchange has not reviewed and
does not accept responsibility for the adequacy or the accuracy of this
release.
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Copyright (c) 2007 ROCHESTER RESOURCES LTD. (RCT) All rights reserved.
For more information visit our website at
http://www.rochesterresourcesltd.com/ or send
mailto:info@rochesterresourcesltd.com
Message sent on Fri Nov 16, 2007 at 5:36:41 AM Pacific Time
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