Rocmec Mining

Published : October 01st, 2009

to unlock the potential of its Rocmec 1 property

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Copper | Diamond | Gold | Gold Producer | Growth | Lead | Market | Silica |

 

Press Release

Rocmec Mining Inc.                                                            Symbol: RMI: TSX-V

 

Thermal fragmentation.mining ounces not TONNES!

 

ROCMEC ENTERS INTO A JOINT-VENTURE OPTION AGREEMENT FOR ITS ROCMEC 1 PROPERTY

 

 

Vaudreuil-Dorion, Qu�bec, September 30th, 2009 - Rocmec Mining Inc. (the "Company") (TSX-V: RMI) is pleased to announce that it has entered into an option agreement with a group of Quebec based investors enabling them to acquire a 49% interest of its Rocmec 1 gold property for an amount of $6,000,000 CAN payable in cash. The option shall be structured as a participating loan with the right to convert the loan into a 49% equity ownership in the property. The agreement stipulates that Rocmec will prepare a pre-feasibility study, once completed; the investors will have 180 days following reception of the report to exercise their option.

 

In order to complete the pre-feasibility report and new resource calculation, Rocmec will proceed with a Diamond drill campaign on its Rocmec 1 gold property located in Rouyn-Noranda, Quebec.

 

This Diamond drill campaign is a continuation of the very successful Diamond drill programme conducted during 2008 and will focus on targeting the McDowell, Talus and Boucher structures at depth. SGS G�ostat lt�e of Blainville (Quebec) has been mandated to plan the Diamond drill programme and also prepare a pre-feasibility study that will include a new mineral resource calculation. Management expects to receive the reports before year-end.

 

The Rocmec 1 Property

 

The Rocmec 1 property is located in the Dasserat Township, some 36 km west of Rouyn-Noranda (Quebec) 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 E-NE, centimetric and metric wide quartz veins within a kilometric long by 600 m 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 an 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 m.

 

A technical report (dated March 19, 2007), compliant with National Instrument (NI) 43-101 standards of disclosure, was prepared by Syst�mes G�ostat International Inc. of Blainville (Quebec) identified mineral resources of 521,800 tonnes @ 5.15 g/t gold (86,550 ounces of gold) in the Measured and Indicated Resources category. There is an additional 2,250,000 tonnes @ 6.32 g/t gold (456,900 ounces of gold) in the Inferred Resources category.

 

Additional information on the Rocmec 1 property including photos of core samples from the Boucher structure are available at http://www.rocmecmines.com/rocmec1_ang.asp

 

Rocmec also announces the closing of a private placement of 13,835,444 flow-through units of the Company, at a purchase price of $0,09 per FT Unit, for a total subscription amount of $1,245,190.00 . Each FT Unit being comprised of one flow-through common share of the Company and one-half of one non-flow-through common share purchase warrant, each whole common share purchase warrant of the Company is exercisable into one common share of the Company at a price of $0.10 per common share for a period of 24 months from the date of the issue of the FT Units. The private placements are subject to final TSX Venture Exchange acceptance for filing.  All securities issued are subject to a four-month hold period from the closing date expiring on January 31st, 2010.

 

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 the company's Rocmec I property are an excellent example of this strategy.

 

Thermal fragmentation.mining ounces not TONNES!

 

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

 

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Corporation expects, are forward looking statements. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.

 

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.

 

<

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 August 09, 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
08/09 11:20 -
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 -  0.070 -85.71%
Volume 1 month var.
510,000 -%
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$ 7.00+0.57%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.43-1.62%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$ 3.58+2.29%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+4.17%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.02-25.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.65-0.75%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$ 7.01+2.64%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.30+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.28+0.00%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$ 2.05-0.49%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 60.05+1.71%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 :