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News Release - Friday, June 08, 2007
Mina Real Production Update
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Vancouver, Canada - Rochester Resources Ltd. (TSXV: RCT; OTCBB: RCTFF
and Frankfurt: R5I):
"The Mina Real plant has been operational for 11 days since resumption
of milling operations and is performing satisfactorily." stated Dr.
Alfredo Parra, President, "In spite of the global challenges involved
in assembling equipment, materials and competent skilled labour, the
Mina Real mill was put into production after only twelve months from
receipt of permits". An update follows:
Mill
Operating results during the March 2007 period of the test-production
phase indicated that it would be prudent to modify the grinding circuit
to obtain throughput of about 250 tonnes per day and the gold/silver
final recovery section to ensure planned recovery. Accordingly, the
following major modifications planned for late 2007 have been brought
forward:
These tasks were completed during the recent mill shutdown. In
addition, the project construction management team was replaced by
experienced operational supervisors. Locally-recruited mill operating
staff was trained in emergency procedures, operational and maintenance
skills. A preventive maintenance system is in the process of being
developed and training in maintenance procedures is well advanced.
Further improvements in plant productivity will take place when the
third mill is put into operation mid-month. Regular weekly shipments
of gold and silver precipitate to the refinery have recommenced.
"I am impressed with the design and standard of construction that has
combined to create a very sensible operational plant" commented Gil
Leathley, Director, following a site visit to the plant earlier this
week. Mr. Leathley is a retired Chief Operating Officer of a major US
based international mining company and has extensive knowledge of the
operation and construction of various sized milling plants.
Florida Mine
Mining activity has been ongoing over the past twelve months and it is
estimated that over 20,000 tonnes of ore, with an average grade of
approximately 9 grams/tonne of gold and 180 grams/tonne of silver, is
currently stockpiled, and available for milling.
Independent assay results from channel samples taken over 80 metres of
development mining recently completed in Level 1240 of the Florida 3
vein, produced an average grade of about 12 grams/tonne of gold, 200
grams/tonne of silver and an average width of about 1.2 metres. Level
1240 is in the upper portion of one of the three vertical vein
structures currently being mined at the Mina Real gold/silver property
in Nayarit, Mexico. These grades are
significant when combined with the
high grades reported over 775 metres of development mining in lower
levels of Florida 3 and the significantly higher grades reported in
ramping down to the 1090 metre elevation.
In addition, the Level 1160 drift has been advanced approximately 350
metres through the intrusion into the area on the other side and is
close to the projected intersection point of the vein structures
discovered by surface trenching to the NW of the intrusion.
Dr. Parra is currently the Company's in-house Qualified Person and QP
Member of the Mining and Metallurgical Society of America with special
expertise in Mining.
Corporate Appointments
Dr. Parra is also pleased to announce the
appointment of Nick DeMare,
CA as Chairman and a member of the board of directors of Rochester.
Nick is a founding shareholder of Mina Real and has been active as a
director and officer of a number of resource companies. Earlier in his
career Nick was employed as a General Practice Manager with Coopers and
Lybrand Chartered Accountants with specialization in the resource
sector. He has operated extensively in Latin American countries and is
conversant in Spanish.
In addition, Jose Manual Silva, CPA and Director of Finance of
Rochester's Mexican subsidiary since January
2007, has been appointed
Chief Financial Officer of Rochester.
Jose has a strong background in
accounting and taxation in Mexico.
He was a Controller with Luismin
S.A.
from 1979 to 1988 and has held positions of Internal Audit and
Budget Manager and Controller with two other Mexican based mining
companies from 1988 to 1997. Since 1997 he has been a consultant who
has provided accounting services to Canadian public companies operating
in Mexico.
In recognition of his increased responsibilities, Mr. Silva
has been granted an additional 100,000 stock options at $1.65 per
share. The options vest over their term of three years.
Douglas F. Good, former Chairman and Chief Financial Officer, will
remain a Director and continue to concentrate on the area of Corporate
Development on a part-time basis. "I am extremely pleased with the
corporate changes that Dr. Parra has made" commented Mr. Good. "I
believe that Rochester
is now well on its way to becoming a recognized
and profitable junior Mexican gold/silver producer. In addition to
strengthening the corporate structure, these changes will allow me to
devote more time to family and my increasing responsibilities as a
Director and CFO of ComWest Enterprise Corp. (TSXV: "CWP")".
Rochester represents a pure-play into the exploration and development
of gold and silver properties located in Mexico. With grades reported
in 2007 from mine development activities ranging all the way from an
average of 12 grams/tonne of gold and 200 grams/tonne of silver over
775 metres of drift development, to 30.8 grams/tonne of gold and 212
grams/tonne of silver over eleven continuous samples taken from
approximately 20 metres of ramp development within the vein system, the
Mina Real Mine could certainly be considered a "high-grade"
gold/silver
deposit.
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
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