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Gold/Mining/Energy : Rocca Resources

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To: Bruce Lock who wrote (8)	2/9/1999 10:59:00 PM
From: CIMA	Read Replies (1) of 48

Rocca receives formal report on Leonardo: Rocca Resources Ltd RRL Shares issued 2,020,982 1999-02-08 close $0.35 Tuesday Feb. 9, 1999 Mr. David Hodge reports: The company has received a formal report on the Leonardo mine from its geologist Alex Burton. The complete report may be viewed on the company's web site at roccaresources.com , or you may request a copy via fax or mail from the company. The following are some excerpts from the report: The outcrops are elongated along strike. The Leonardo outcrop is 265 metres long on an east-west strike trend dipping to the south. The outcrop strikes essentially west-southwest to east-northeast and dips 40 degrees to 50 degrees to the south. There is a suggestion that as the beds move further south from the massive older volcanics that form the hillside they may flatten in dip. About 500 metres to the east, an examination of the stereoscopic air photos suggest an erosional window through the fan gravel (due to recent stream downcutting) to the Leonardo beds. Field investigation proved this correct. There does not appear to be any fault offset on this outcrop. The same beds extend at least four continuous kilometres west of the Leonardo. It seems acceptable to suggest they could extend east a considerable distance under the fan gravel. A rubber tired tractor with backhoe was used to dig in overburden from the last known hanging wall side of the oil shale beds exposed another plus six metres true thickness of oil bearing beds. The trenching stopped in overburden too deep to expose bedrock at that point. That essentially doubled the thickness of the oil shale beds. There is an oil seep in a cross gully near the western end of the Leonardo outcrop that relates to the Leonardo oil shale beds. There is another stronger oil seep to the north, uphill from the Leonardo oil shale beds. As this second seep could not come from the Leonardo beds, it must come from another set of oil shale beds lower down in the section. There is another less well exposed oil seep further uphill from the second seep which may represent another set of oil shale beds. The report concludes with the recommendation of further work including the study of historical seismic surveys, further trenching, and drilling. The company intends to follow these recommendations and expects to announce a further work program upon Vancouver Stock Exchange property approval. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)

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