Rocmec Mining

Published : August 29th, 2007

GROWING PROCESS IN MINING WORLD

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

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.

 

 

 

 

Rocmec Mining

PRODUCER
CODE : RMI.V
ISIN : CA7748324067
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Rocmec Mining is a gold producing company based in Canada.

Rocmec Mining holds various exploration projects in Canada and in Peru.

Its main asset in production is ROCMEC 1 (RUSSIAN KID) in Canada and its main exploration properties are GUILLET, RUSSIAN KID (EL COCO), MONTAUBAN and COURVILLE-MARUSKA in Canada and PUMA in Peru.

Rocmec Mining is listed in Canada. Its market capitalisation is CA$ 537 400 as of today (US$ 429 679, € 376 399).

Its stock quote reached its highest recent level on November 20, 2009 at CA$ 2.20, and its lowest recent point on September 23, 2022 at CA$ 0.01.

Rocmec Mining has 53 740 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Project news of Rocmec Mining
10/1/2009(Rocmec 1 (russian Kid))to unlock the potential of its Rocmec 1 property
1/21/2009(Rocmec 1 (russian Kid)) Progress at its Rocmec 1 Property
4/22/2008(Rocmec 1 (russian Kid))INTERCEPTES BOUCHER VEIN AND CUTS 132.21 G/T OVER 51 CM
3/12/2008ROCMEC STRIKES BOUCHER STRUCTURE FOR SEVENTH TIME AND INTERS...
12/18/2007(Puma)DUE DILIGENCE CONFIRMS EXTENSION OF NARROW HIGH GRADE VIEN S...
11/6/2007(Russian Kid (el Coco)) THIRD DIAMOND DRILL HOLE CONFIRMS SIGNIFICANT MINERALISED S...
10/30/2007 INTERSECTS 214 G/T GOLD OVER 2.4 M ON THE BOUCHER GOLD ZONE...
Corporate news of Rocmec Mining
5/26/2010TECHNOLOGIES PRESENTED ON THE INTERNATIONALE SCENE
3/18/2010TO TEST ITS THERMAL FRAGMENTATION MINING METHOD AT GO
10/20/2009ANNOUNCES REVENUES TOTALLING 1 MILLION FOR FISCAL 2009
8/18/2009to Commence Thermal Fragmentation Mining at Fresnillo's Cien...
8/11/2009PROVIDES UPDATE ON THERMAL FRAGMENTATION CONTRACT WITH GREAT...
5/21/2009 Signs MOU to operate and Option to acquire Rocmec 3 in Peru
12/16/2008INCREASES ITS FLEET OF THERMAL FRAGMENTATION UNITS
12/8/2008PROVIDES COMMISSIONG UPDATE OF ITS UNDERGROUND MILL AT ROCME...
11/4/2008OBTAINS ITS CERTIFICATE OF AUTHORISATION FOR ITS UNDERGROUND...
9/11/2008thermal fragmentation mining method enters the U.S. market
8/7/2008CUTS 20.3 G/T AU OVER 1.8 METRES AT ROCMEC 1
8/1/2008Releases a Video Demonstration of the Thermal Fragmentation ...
6/26/2008OBTAINS PATENTS FOR THERMAL FRAGMENTATION IN AUSTRALIA
5/27/2008CUTS 22.35 G/T OVER 1.2 METRES AT ROCMEC 1
5/13/2008 INTRODUCES THERMAL FRAGMENTATION PROCESS AT SYMPOSIUM HELD ...
4/30/2008 ACQUIRES MILLING PLANT FOR ITS ROCMEC 1 GOLD PROPERTY
4/8/2008 UPDATES PROGRESS ON PERUVIAN ACQUISITION PROJECT
2/28/2008 BEGINS A 1000 METRE DRILL CAMPAIGN IN PERU TO COMPLETE FINA...
12/11/2007DRILL CAMPAIGN CONTINUES INTERSECTING THE BOUCHER GOLD ZONE
11/20/2007 ANNOUNCES VERY POSITIVE RESULTS FROM ITS FIRST SAMPLING IN ...
11/13/2007 SELECTS AN OFFICIAL KUBOTA DISTRIBUTOR TO BUILD ITS THERMAL...
11/8/2007SIGNS OPTION TO ACQUIRE 6 NARROW VEIN GOLD CONCESSIONS IN PE...
10/4/2007French Government approval received
8/29/2007GROWING PROCESS IN MINING WORLD
6/27/2007Intercepts Several New Gold Structures at Rocmet 1 Property
6/8/2007Signs a Major Development Contract for the Rocmec 1 Property
6/2/2006Obtains a $2,000,000 gold loan
4/4/2006acceptance of Canadian patent
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (RMI.V)
0.010+0.00%
TSX-V
CA$ 0.010
09/23 15:48 -
0%
Prev close Open
0.010 0.010
Low High
0.010 0.010
Year l/h YTD var.
0.010 -  0.050 -80.00%
52 week l/h 52 week var.
0.010 -  0.065 -81.82%
Volume 1 month var.
1,331,001 -33.33%
24hGold TrendPower© : -37
Produces Gold
Develops
Explores for Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2022-87.50%
2021-5.88%0.230.08
2020-55.26%0.300.07
2019-29.63%0.270.15
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.75-1.02%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 3.28-6.82%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.60+0.67%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.11+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.13-11.98%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 6.44-8.39%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.26-7.14%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.32-5.88%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.95-10.14%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 57.69-8.60%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :