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.