Rocmec Mining

Published : January 21st, 2009

Progress at its Rocmec 1 Property

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Keywords :   Diamond | Gold | Gold Producer | Growth | Lead | Silver |

Press Release

Rocmec Mining Inc.                                                                       Symbol: RMI: TSX-V

 

 

ROCMEC UPDATES PROGRESS AT ITS ROCMEC 1 PROPERTY

Vaudreuil-Dorion, Qu�bec, January 20th, 2008 - Rocmec Mining Inc. (TSX-V: RMI) is pleased to provide an update of operations at its Rocmec 1 property located in Rouyn-Noranda, Quebec. As previously announced in a press release regarding its objectives for 2008, Rocmec 1 was the focus of most of the activities that management undertook in 2008. The underground installation of a 75 tpd treatment plant was the highlight of the work conducted at Rocmec 1.

 

The treatment plant is currently operating 24 hours per day and has produced its first tonnes of gold and silver concentrate. The first test trials of concentrate project that 30-40% of gold will be captured by the Knelson concentrator and the remaining gold and silver will be included in the 4-5 tonnes of concentrate produced per day of operations. Over the next 3 months the mineralised rock stockpiled underground will be treated, following which, management plans to put in place a team to supply the mill and have it operate on the basis of at least 5 days per week all year long.

 

The Diamond drill programme conducted during 2008 was also very successful and will continue in 2009 principally from surface. The Group S.G.S (Geostat) will be mandated to plan the surface drill programme and also prepare a pre-feasibility study that will include a mineral resource calculation. Management expects to receive the report during the 4th quarter of 2009.

 

Subject to the approval of the TSX Venture Stock Exchange, Rocmec is pleased that it has closed a private placement consisting of 1,250,000 units at a price of $0.08 per Unit for gross proceeds of $100,000. Each Unit is comprised of one common share of the Company and one transferable share purchase warrant. Each share purchase warrant entitles its holder thereof to purchase one additional common share of the Company at a price of $0.12 for a period of 24 months from the closing date.

In connection with the private placement, a cash commission of $9,000 was paid to Pinetree Resource Partnership. In addition, a total of 125,000 non transferable broker warrants were issued. Each broker warrant entitles its holder to purchase one common share of Rocmec, at a price of $0.08 per common share for a period of 12 months from the closing date and thereafter at a price of $0.10 for an additional period of twelve months for a period of 12 months.

 

All the securities issued in virtue of this placement are subject to certain resale restrictions imposed under the applicable securities laws, which require that the securities not be traded before May 16, 2009

 

About Rocmec

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 place it as the partner of choice for the development of narrow high-grade precious metal quartz vein properties. The Company is listed on the TSX Venture Exchange and trades under the symbol: RMI

 

Rocmec's growth strategy is to focus on the development of quality assets that will significantly enhance shareholder value. Exploitation of narrow high-grade precious metal quartz veins with its exclusive thermal fragmentation process coupled with conventional mining methods will lead the Company in becoming a mid-size gold producer. The acquisition, development and future exploitation activities at the recently acquired Rocmec I (Russian Kid) property are an excellent example of this strategy.

 

"Thermal fragmentation - an innovative process for mining narrow high-grade ore bodies"

 

The Thermal Fragmentation Mining Method video can be viewed on Rocmec's website or by clicking the following link:

http://www.rocmecmines.com/video_an.asp

 

Please visit us on the web at www.rocmecmines.com

 

For additional information, contact:

 

Mr. Donald Brisebois                                                  Mr. John Stella

President & CEO                                                         Investor relations Manager

Telephone         (450) 510-4442                                     (450) 510-4442                           

T�l�copie          (450) 510-9901                                      (450) 510-9901

Cell                                                                             (514) 718-7976

Email: dbrisebois@rocmecmines.com                           Email: jstella@rocmecmines.com

Web: http://www.rocmecmines.com/

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Rocmec Mining

PRODUCER
CODE : RMI.V
ISIN : CA7748324067
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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.

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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
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