Press Release
Rocmec Mining inc.
Symbols: RMI: TSX-V
D5O: FSE
THERMAL
FRAGMENTATION: GROWING PROCESS IN MINING WORLD
Pointe-Claire,
Quebec,
August 29th, 2007 – Rocmec Mining inc. (the
�Company�, TSX-V Symbol: RMI - FSE Symbol: D5O) is pleased to provide an update
on the ongoing development of its Rocmec 1 property.
The bulk
sampling programme is well underway and operations are in line with
management’s expectations. The mining contractor, Dumas Contracting
completed on-site mobilisation in mid-August and immediately commenced drifting
in a westerly direction on the 90-110 and 130 metres levels. A
total of approximately 190
metres of development drifting should be completed every
month when the labor force will be fully operational.
As of June
30th, 2007, the Company had shipped a total of 5,167 tonnes of
mineralised rock, derived mostly from development drifting, to the Xstrata
copper refinery located in Rouyn-Noranda, Quebec
for gross proceeds of $228,000. Management is confident that revenues will
increase in the very short term considering the addition of Block C between the
50 and 90 metre
levels which is now fully operational. This stope
will be followed by stopes that are currently
undergoing preparatory work for thermal fragmentation. The additional stopes will enable the Company to double the amount of
mineralised rock transported to the refinery before the end of the last quarter
of 2007.
Furthermore,
a surface drill campaign is underway in order to verify the mineralised
structures that are located north of the property. These same structures were
intercepted on the 90 metre
level during the last drill campaign.
Finally, over the past months a number of mine
site visits to the Rocmec 1 property were organized.
Various industry participants included CEO’s, COO’s, mine managers, mining engineers, mining
analysts, brokers and investors. With the thermal fragmentation mining method
now demonstrated, management is confident that it will enter into a JOA (joint
operating agreement) and/or a service contract agreement in the very near future.
On the acquisition side, management is pursing its objective of building Rocmec Mining Inc. into a mid-tier size gold producer
within the next 5 years, producing between 150,000 – 200,000 ounces of
gold per year.
“Interest for our mining method is increasing
almost daily and we are extremely pleased with very positive comments from the
industry experts who witnessed first hand the simplicity, efficiency and
versatility of our patented thermal fragmentation method” states Mr.
Donald Brisebois, President and CEO of Rocmec.
About Rocmec 1
The Rocmec 1 property is located in the Dasserat Township,
some 36 kilometers west of Rouyn-Noranda in the Abitibi region of Quebec,
in close proximity to two World-Class Mining Camps, the Rouyn-Noranda Copper Gold Camp to the SE in Quebec,
and the Kirkland Lake
/ Larder Lake Gold Camp to the SW in Ontario.
The gold
mineralization at the Rocmec 1 property is linked to
east-northeast, centimetric and metric wide quartz
veins, dipping moderately to steeply to the south, within a kilometric long by 600 meter wide gabbro to granodiorite intrusive
host. There are at least six major vein systems identified on the property;
however recent underground work by the Company has confirmed that several veins
are likely part of the same system, simply offset by north trending faults. The
veins are part of diverging / converging or anastomosing
fracture system than includes shearing, alteration (silica, chlorite, sericite, epidote and carbonate)
and 2 to 10% disseminated and vein-type pyrite that can attain overall widths
in excess of 30 meters.
The best
known vein system is termed the McDowell Zone that may include three different
vein sets, and has been recognized over a 1,660 meter long strike
length, to a 317 meter
depth, carrying an average of 6.07 g/t gold capped at 45 g/t over a 0.82 meter horizontal
width.
The Company
is planning an extensive drill program later in 2007 to test the down-dip
extensions of all the mineralization zones to the -400 m vertical depth, and
to outline higher quality gold resources more in-line with other gold systems
in the Gold Mining Camps of the region.
The
resource estimate report, dated 19 March 2007, was prepared by Syst�mes G�ostat International Inc. of Blainville, Quebec, Canada (�SGII�) for the Company for the purpose of providing
technical data relating to the quantified mineral resources compliant with NI
43-101 standards of disclosure. The report is available on www.sedar.com.
About Rocmec Mining
Rocmec Mining Inc. is a Canadian
junior exploration company actively involved in the acquisition, exploration
and development of precious metal projects. The Company's exclusive thermal
fragmentation process combined with its growth strategy places it as the
partner of choice for the development of narrow high-grade precious metal
quartz vein projects. The Company’s shares are listed on the TSX-Venture
(RMI) and the FSE (D5O) exchange. The company's growth strategy is to focus on
the development of quality assets that will significantly enhance shareholder
value.
� Thermal fragmentation - the way of
the future for mining narrow high-grade veins �
The
development and mining of narrow high-grade vein deposits with its exclusive
thermal fragmentation process should enable the Company to demonstrate the
economic plus-value of this technology. The acquisition, exploration and mining
development at the recently acquired Rocmec 1
(Russian Kid) property subscribe to this objective.
Please visit
us on the web at www.rocmecmines.com
For
further information, please contact
John Stella,
Manager Investor Relations
(514)428-4185
Cell
(514)718-7976
FAX
(514)630-6989
jstella@rocmecmines.com
Paradox
Investor Relations
866-460-0408
514-341-1527
(FAX)
infoparadox@qc.aira.com
Statements
in this release that are not historical facts are � forward-looking statements
� within the meaning of the U.S. Private Securities Litigation Reform Act of
1995. Readers are cautioned that any such statements are not guarantees of
future performance, and that actual developments or results may vary materially
from those in these � forward-looking statements �. The TSX Venture Exchange
does not accept responsibility for the adequacy or accuracy of this release.
