Roca Mines Inc.

Published : June 13th, 2008

MAX Property Exploration Update

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Diamond | Molybdenum | Tungsten |
=======================================================================
Re:   News Releases - Thursday, June 12, 2008
      ROCA - MAX Property Exploration Update
=======================================================================

Vancouver, British Columbia: Roca Mines Inc. (ROK: TSX-V) ("Roca" or
"the Company") provides the following update on exploration activities
at the MAX Property near Revelstoke, British Columbia.

Summary
- Underground drilling results confirm new feeder zone and refine deep
targets;
- Geological interpretation highlights multi-phase intrusive events and
large-scale intrusions at depth;
- Surface exploration drilling has commenced on a biogeochemical
molybdenum anomaly near the MAX Mine Portal area;
- Surface drilling to be conducted on a large-scale tungsten zone
identified previously by others and significantly expanded by Roca in
2006.

Underground (2007) Final Drilling Results

Five Diamond drill holes totaling approximately 4,800 m were completed
in 2007 (see Company's News Release dated February 7, 2008).  All holes
were collared from a common underground drill station within the No.1
Adit, east of the deposit currently being mined.  The Company has now
received final assays for drill holes MX07-04 and -05.

Results from the five holes have identified extensions to known
mineralization and indicate the potential for additional porphyry
systems at depth.  As previously reported, hole MX07-03 drilled at -65
degrees on Mine Section 8 below the eastern margin of the known
resource, intersected a number of narrow, well mineralized zones,
interpreted to represent sub-vertical feeders within a well recognized
pre-, inter-, and post mineral structure known as the "Z" Fault zone.

The lower half of Hole MX07-03 (previously partially reported) and Hole
MX07-04, oriented along the lower southwest margin of the MAX deposit
were both variably mineralized over much of their lengths and will help
to guide future exploration but are not considered significant at this
time.

Hole MX07-05 oriented to test the area immediately adjacent on Mine
Section 9, shows that the narrow feeders coalesce into a larger
cohesive mineralized zone, open to depth and open laterally.  This new
zone extends some 200 m below the boundary of the known MAX resource
and will be a focus of further underground exploration drilling in the
future. 

 
Core sampling of Drill Hole MX07-05 returned the following selected
assay results;


Drill Hole #   From (m) To (m)   Interval (m)   Mo (%)   MoS2 (%)
MX07-05        136.0    307.0    171.0          0.104     0.17  
Including      136.0    139.0      3.0          0.491     0.82  
Including      207.0    211.5      4.5          0.286     0.48  
Including      238.5    263.0     24.5          0.389     0.65  
                                                                
               327.0    367.5     40.5          0.126     0.21  
Including      357.0    367.5     10.5          0.329     0.55  


Relative to the trend of the MAX Mine HG production zone, the true
width of the drill intervals is estimated to be 30% of the intervals
shown above.

Roca's underground exploration drilling has thus far intersected strong
hydrothermal alteration, indications of several intrusive phases, and
significant multiple episodes of mineralization below the MAX deposit.

Detailed petrographic studies by previous workers also concluded that
there are at least four intrusive pulses, and a highly repetitive
mineralizing event at MAX.  The size of the inferred system is also
significant.  It is estimated that a pluton at depth could have a
diameter of roughly 1,000 m, based on the width of the contact
metamorphic aureole on surface, whereas the intrusion at the centre of
the deposit is roughly 200 m in diameter.  This suggests that the known
deposit may have other zones and/or other deposits that are not yet
discovered.

Indications of a larger intrusion at depth, significant molybdenite
intercepts in Holes MX07-03 and -05, as well as a repetitive
mineralizing event provide compelling evidence for additional porphyry
mineralization below the MAX deposit.  Additional exploration drilling
will be collared from new locations within the mine workings in the
future.

Sampling and logging of the drill holes was conducted under the
supervision of David Melling, P.Geo., a qualified person as defined by
NI43-101. The sampling program included quality control procedures, in
addition to internal quality control at the assay laboratory, ACME
Analytical of Vancouver, BC an ISO 9001:2000 accredited laboratory.

Surface Exploration Drilling of Molybdenum and Tungsten Targets
Commences

Roca has mobilized a Diamond drill to the MAX project to commence
exploration drilling on two primary surface targets on the MAX
Property.  The targets are in close proximity to the MAX Molybdenum
Mine but represent potentially separate mineralized zones, including;

1. A newly discovered surface molybdenum biogeochemical anomaly (150 m
X 350 m) centered approximately 500m west of the MAX mine portal area
was identified during a survey conducted by the Geological Survey of
Canada's (GSC) Targeted Geoscience Initiative -- 3 (TGI-3) in late
2007. This anomaly was not previously identified because it lies beyond
the historical limits of a soil geochemical sampling grid, and in an
area of no previous drilling. The biogeochemical survey also identified
the surface expression of the MAX deposit itself, providing
confirmation of the potential success of this targeting technique.  An
additional geochemical anomaly was discovered approximately 350m
southeast of the MAX deposit and a soil sampling grid will be
established at that location this summer.

2. The Ridge and Upper Ridge Tungsten zones located approximately 1.2
km southwest of the MAX mine portal area were most recently explored by
others in 1979, including a total of three Diamond drill holes.  Of
interest, drill hole 79-13 intersected 56 feet (17.3 m) of 0.395%
scheelite (WO3) (see Company's news release dated December 12, 2006).
The tungsten area was significantly expanded by Roca in 2006 when the
Company's prospectors discovered scheelite mineralization southeast of
the Ridge Zone and hosted in low-sulphide, garnet-rich skarn boulders
and outcrop.  With the addition of the Upper Ridge Zone, the strike
length of tungsten mineralization as indicated by all of the outcrop
sampled to date and encompassing all zones now totals 1,450 m in length
and extends over a vertical range of 600 m.  Roca's initial drill
program will test the size and potential of this large mineralized and
near-surface zone.

Tungsten is an essential metal, noted for its hardness and high-melting
point. It is used primarily in cemented carbide and high-speed steel
tools for the construction and mining industries and for general wear
protection of steel alloys.  Like molybdenum, tungsten metal and
concentrates are currently trading at or near record high prices.

Mr. Scott Broughton, P.Eng. is the Qualified Person responsible for the
preparation of this news release.


ROCA MINES INC.
"Scott Broughton"
     
Scott E. Broughton, P.Eng. -- President & CEO


For further information contact:
Doug Fosbrooke
Investor Relations
Tel:   604-684-2900
Fax: 604-684-2902
Email: info@Rocamines.com
Web:  www.Rocamines.com


The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.

=======================================================================
Copyright (c) 2008 ROCA MINES INC. (ROK)  All rights reserved.  For
more information visit our website at http://www.rocamines.com/ or send
mailto:info@rocamines.com
Message sent on Thu Jun 12, 2008 at 6:13:40 PM Pacific Time
=======================================================================
.

Roca Mines Inc.

DEVELOPMENT STAGE
CODE : ROK.V
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

Roca Mines is a gold and molybdenum exploration company based in Canada.

Roca Mines holds various exploration projects in Canada.

Its main asset in development is MAX in Canada and its main exploration properties are FOREMORE and SEAGOLD in Canada.

Roca Mines is listed in Canada and in United States of America. Its market capitalisation is CA$ 38.2 millions as of today (US$ 27.8 millions, € 26.1 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 3.98, and its lowest recent point on August 24, 2012 at CA$ 0.02.

Roca Mines has 123 250 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Roca Mines Inc.
Reports Annual Results
2008 Annual report
Reports Annual Results
Financings of Roca Mines Inc.
5/10/2011Closes $2.5 million Financing
8/8/2007Closes Bought Deal Financing
Option Grants of Roca Mines Inc.
1/28/2010Amends Incentive Stock Options
8/21/2008Incentive Stock Options Granted
11/16/2007Incentive Stock Options Granted
Nominations of Roca Mines Inc.
9/7/2012Director and Officer Resignations
Financials of Roca Mines Inc.
7/29/2011Reports Third Quarter Results
5/2/2011Reports Second Quarter Results
7/30/2010Reports Third Quarter Results
4/30/2010Reports Second Quarter Results
1/29/2010Reports First Quarter Results
7/30/2009Reports Third Quarter Results
Project news of Roca Mines Inc.
10/3/2011(Max)MAX Molybdenum Production to be Suspended
7/28/2011(Max)MAX Molybdenum Mill Restarts
7/11/2011(Max)- MAX Molybdenum Mine Schedule Update
4/29/2010(Max)MAX Molybdenum Mine Receives 1,000 tonnes/day Permit
4/14/2010Drilling Results At Nuevo / Once Bocas Target
4/2/2010(Max)Max Wins 2009 Bc Mining And Sustainability Award
11/27/2009(Max)Targets Increased Production and New Exploration at MAX
1/9/2009(Max)MAX Mine Restarts Ahead of Schedule
12/11/2008(Max)MAX Mine Rockfall Extends Maintenance Break
12/4/2008(Max)MAX Mill & Concentrator Christmas Shutdown
11/19/2008(Max)MAX Molybdenum Mine Production Review and Outlook
8/13/2008(Max)Drilling Intersects New Molybdenum Zone at MAX and Drilling ...
7/30/2008(Max)Drilling Intersects Significant Tungsten Mineralization Abov...
6/13/2008(Max)MAX Property Exploration Update
6/12/2008(Max)MAX Molybdenum Mine Production Update
4/17/2008(Max)MAX Molybdenum Mine Achieves Commercial Production
2/8/2008 MAX Molybdenum Drilling - Initial Results Confirm Deep Pote...
11/14/2007(Max)MAX Exploration Drilling Update
10/30/2007(Max) Production Commences at MAX Molybdenum Mine
9/11/2007(Max)MAX Molybdenum Mine Update
9/4/2007(Max)MAX Molybdenum Mine Construction Update
7/19/2007(Max)Molybdenum Exploration Drill Program Commences
7/11/2007(Max)MAX Molybdenum Mine Development Update
4/26/2007(Max)Molybdenum Mine Development Update
Corporate news of Roca Mines Inc.
11/6/2013Announces Delisting from TSX Venture Exchange
11/6/2013(Max)Discovery Ventures And Roca Mines Announce Entry Into Agreem...
10/10/2012Announces Trading Suspension
7/13/2012Announces Strategic Review
12/29/2011Reports Year End Results
8/3/2011(Max)MAX Molybdenum Mine Production Resumes
6/29/2011(Max)MAX Molybdenum Mine Production Schedule
4/28/2011(Max)MAX Molybdenum Mine Production Financing
7/23/2010 Termination of Nuevo Milenio Option
3/23/2010 Director Resignation
3/1/2010Positive initial drill results at Nuevo Milenio
9/11/2009Plans New Drilling Program at Nuevo Milenio Gold/Silver Proj...
7/27/2009Options Precious Metals Project in Mexico
2/16/2009Closes $2.435 Million Financing
1/27/2009Closes First Tranche of Financing
1/31/2009Team Presented with E.A. Scholz Award
1/17/2009Increases Financing
1/16/2009to Complete Working Capital Financing
7/8/2008Exploration Drilling Update
5/28/2008Notice of Intention to Make Normal Course Issuer Bid
12/11/2007Molybdenite Concentrate Shipments Commence
8/20/2007CLOSES OVER-ALLOTMENT OPTION
3/7/2007Closes $10 million Financing
2/28/2007Arranges MAX Molybdenum Project Expansion Financing
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (ROK.V)Other OTC (ROCAF)
0.310-1.59%0.002+0.00%
TSX-V
CA$ 0.310
04/18 12:51 -0.010
-1.59%
Prev close Open
0.315 0.320
Low High
0.310 0.320
Year l/h YTD var.
0.260 -  0.340 -3.12%
52 week l/h 52 week var.
0.260 -  0.440 -18.42%
Volume 1 month var.
46,714 14.81%
24hGold TrendPower© : -37
Produces
Develops Molybdenum
Explores for Copper - Gold - Lead - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 2/11/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2024-19.48%
2023-19.79%0.480.28
2022166.67%0.550.18
20210.00%0.300.18
 
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$ 7.93+3.12%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$ 11.04+1.38%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 0.54-2.53%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.52+6.78%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$ 16.05+2.62%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+2.13%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20-2.44%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$ 1.90+1.60%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 51.43-0.46%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$ 0.03+0.00%Trend Power :