Rock Resources receives Chile drill results
Rock Resources Inc RKR
Shares issued 46,851,719 Apr 25 close $0.67
Wed 26 Apr 2000 News Release
Mr. Thomas Kennedy reports
On Friday, April 21, 2000, drilling commenced on Rock's primary target,
Mount Tacho. Geological evidence collected over the past three years
indicates that this primary target could host a world-class copper-gold
porphyry deposit. The drill program is scheduled to include 10 to 15 NQ
diamond drill holes approximately 200 metres in depth. Actual depths and
the specific number of holes will be determined by the geological team, as
drilling proceeds.
Further to the news release of March 8, 2000, John Kowalchuk,
vice-president exploration, reports that two additional holes have been
drilled. Upon completion of the first seven holes on the Cerro Carmen/Cerro
Macote target zone, geological evidence caused the Coiron project
geological team, headed by Mr. Kowalchuk, to recommend this additional
drilling. The ninth hole was completed early last week and chalcopyrite
mineralization has been encountered in all nine holes.
Assay results, from the first holes, began arriving at Rock's offices last
week and it is anticipated that assay results from the first seven holes
will have arrived by early May. The assay results from holes 8 and 9 are
expected by mid-May. Specific relevant assay results will be released
subsequent to review by the geological team and their report to management.
It is anticipated that these assay results will be released in two stages
beginning in early May.
During the week of April 9, 2000, two major international mining companies
toured the Coiron property and conducted a detailed examination of the
project. Arrangements are now being completed to host three to five more
project examinations beginning the first week of May. To date, 14
international mining companies have approached Rock and expressed interest
in the Coiron project.
Rock's copper-gold project is located in region IV, Coquimbo, Chile, 150
kilometres north of Santiago. The Coiron property area is located along a
70-kilometre northeasterly linear trend. This trend contains the El Bronce
epigenetic gold deposit to the southwest, several variably explored
alteration and breccia zones near the centre and the Los Pelambres
(3.3-billion-tonne) and El Pachon (0.86-billion-tonne) deposits. Anaconda
Chile's Los Pelambres open-pit copper mine, at a cost of $1.4-billion
(U.S.), commenced production in January, 2000. The Los Pelambres project,
located 31 kilometres northeast of the Coiron property, demonstrates the
current economic viability of world-class copper deposits in Chile.
Since Rock began the process of acquiring the Coiron project in February,
1997, geological work has continued to give favourable results and has
given management cause to be optimistic. With complete assay results
anticipated on the Coiron property secondary target (Cerro Carmen/Cerro
Macote) and drilling now commenced on the primary target (Mount Tacho), a
new chapter is unfolding.
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