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Gold/Mining/Energy : Rock Resources -- Ignore unavailable to you. Want to Upgrade?

To: Stew who wrote (1548)	1/17/2000 4:20:00 PM
From: kidl	Read Replies (1) \| Respond to of 1996

Rock to acquire Coiron project mineral titles Rock Resources Inc RKR Shares issued 21,543,508 Jan 14 close $0.41 Mon 17 Jan 2000 News Release Mr. Thomas Kennedy reports Rock Resources has entered into an agreement which provides that until June 6, 2000, Rock Resources has the exclusive right to acquire mineral titles covering seven square kilometres bordering the north and eastern boundaries of Rock's 33-square-kilometre Coiron project in Chile. More specifically, the claim blocks are known as the Quilo 1-40, Los Insoportables 1-60 and Melisa. Further to the news release in Stockwatch Nov. 17, 1999, Rock's geological team attended the Chilean property in late November, 1999. Upon a detailed review of the project, John Kowalchuk (vice-president of exploration) is of the view that the size of the hydrothermal system is larger than indicated by the Mount Tacho breccia. He commented that the total area of fracturing, alteration and mineralization covers much of the property from Cerro Carmen to the southern gold zone and that Cerro Carmen and Cerro Macote form a porphyry deposit in their own right, containing significant oxide copper mineralization in a silicified core and surrounded by a large pyrite halo which is a viable target itself. The rocks between Cerro Carmen and the Mount Tacho hydrothermal event are fractured and altered with signs of pyrite and copper mineralization. On the steep approach to Mount Tacho, the volcanic rocks contain up to 10 per cent pyrite mineralization forming a broad pyrite halo around the Mount Tacho hydrothermal event. Rock's four-man geological team headed by Mr. Kowalchuk and Chris Sampson returned to the Coiron project in Chile last week. The geological team is currently completing and supervising all necessary geological work and site preparation to enable the drilling contractor to mobilize onto the property. Further to the news release in Stockwatch, Nov. 17, 1999, all of the drill contract bids were received by Rock. The drill contract will be awarded this week, news of which will be released by Jan. 21, 2000. Rock's geological team will remain on the property through to the completion of the drill program. Copper price During the past 60 days, four major international mining companies have requested site visits which Rock is attempting to schedule over the next three weeks. The company believes the timing of the requests is in part, because of the strengthening world copper prices. Copper prices have increased by approximately 40 per cent to 86 U.S. cents per pound over the past six months because of the improving Asian economies and the continued strength in the North American economy. Analysts for senior brokerage firms are predicting a continuing rise in copper prices and expect that copper should reach $1.05 (U.S.) per pound in 2001. Summary The Millennium Discovery drill program will be commencing shortly to test Rock's belief that the Coiron property could host a world-class gold-rich porphyry copper deposit. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com