Rocmec Mining

Published : November 08th, 2007

SIGNS OPTION TO ACQUIRE 6 NARROW VEIN GOLD CONCESSIONS IN PERU

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News Release

TSX-V: RMI

FSE: D5O

 

ROCMEC SIGNS OPTION TO ACQUIRE 6 NARROW VEIN GOLD CONCESSIONS IN PERU

 

Pointe-Claire, Quebec, November 8th, 2007 – ROCMEC MINING INC. (the «Company») (TSX-V: RMI) (FSE: D5O) is pleased to announce that it has signed an option agreement to acquire 6 narrow vein gold concessions in Peru. The concessions cover 1,700 hectares and are located approximately 80 km from the city of Arequipa. One of the concessions is currently in operation using small-scale traditional mining methods, producing about 10 tonnes of very high grade ore daily. The option is valid for 6 months from signing at a cost of $100,000 USD. An initial $50,000 USD was paid upon signing, the remaining $50,000 USD will be employed for due diligence purposes.

 

All the necessary mining services are readily available in Arequipa and the 80 km distance between the city and the properties is well traveled by an access road that is used daily to transport ore and mining materials to and from the site. Rocmec plans on developing the project with a canadian partner, RSW-Beroma, who has been travelling extensively in Peru for the past three years especially in the Arequipa area evaluating the best gold properties.

 

RSW-Beroma design and build modular ore treatment plants. This type of system is complementary to thermal fragmentation because these low volume plants can treat the high-grade ore produced by the usage of the thermal process.

 

During an on-site visit by the president of Rocmec accompanied by the president of Beroma and a canadian geologist, they visited the mining site and underground drifts. The existence of highly mineralised quartz veins was apparent upon visual inspection. Several samples that were brought back to Canada contain visible gold. The due diligence process is underway and currently, on-site, over one hundred samples from underground workings (mineralised zone and hanging wall) have been gathered and sent for analysis to the ALS/Chemex laboratory in Lima, Peru. Work to be conducted over the next two months will include stripping, locating and sampling of the veins.

 

Considering that Rocmec plans on extracting the ore by way of thermal fragmentation, several scenarios are being elaborated pertaining to the manufacturing and emplacement of a 100tpd modular ore treatment plant.

 

“This project is not only a perfect fit for our technology, it fits perfectly within the framework of our mission statement of employing our patented thermal fragmentation to develop high-grade narrow vein ore deposits around the world” states Donald Brisebois, President and CEO of Rocmec

 

 

 

 

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

1- 866-460-0408

FAX (514) 341-1527

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
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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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