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

To: TomKing who wrote (82)	4/8/1998 5:14:00 PM
From: the Chief	Read Replies (1) \| Respond to of 1996

Hi Tom. My assessment (and it is mine) is that this fault and geological formation has given up some very impressive projects thus far. The geological study conducted for Rock clearly indicates the value of this property. My intention was not to undermine the Blue Deserts property, in fact it very well maybe an exciting property. The prospector report although encouraging was dated. The geologist for Rock Mr. Ostler, has been in Chile on the property for about a month now identifying the targets, for the upcoming drill program. A two-phase program of exploration comprising, road building, geological and geophysical surveys, and drilling was initially recommended. We are now in the midst of the geological and geophysical surveys and analysis. Rock has not reported (nor do I know if they are complete yet) the results of those studies so I am unable to comment. As far as the "snow issue" is concerned, I have been informed that only a "wisp" of snow appears in these northern parts of Chile and at these heights. They have already stated that they expect no delays during our summer, their winter, barring El Nino'. You said:" prime real estate", as this is!!" Is this interpretation premised upon geology or proximity to major mining companies (or have I missed a press release). No just my enthusiasm for this project, I think I will do very well by this stock. There have been other geologists who feel that Rock has one of the better projects around and that just adds another level of comfort. It is obviously a bias because I have vested interest. I believe the stock was a steal at .25c and bought heavily. I am still accumulating at .50c Most importantly, I trust the managment of this company. I think they are excited about this project, and will take care to ensure everything progresses in a timely fashion. Thanks for your comments the Chief

To: TomKing who wrote (82)	4/9/1998 9:43:00 AM
From: the Chief	Read Replies (1) \| Respond to of 1996

Copper forecast out of Chile!! Copper above $1.00 by 2000 - Chile Mining Minister By Robert S. Elliott biz.yahoo.com Tuesday April 7, 6:15 pm Eastern Time BUENOS AIRES, April 7 (Reuters) - Copper will rise from its current low international market price to above $1.00 per lb by 2000, Chile's top mining official said. ''For sure in the year 2000 the price of copper will be over $1.00,'' Chilean Mining Minister Sergio Jimenez told Reuters. ''Of course that's relative,'' he added, noting that if there was another financial crisis such as the one currently affecting Asia the market would once again be hurt. Copper prices have plunged from a high of $1.35 per lb last June to Tuesday's close of $0.77 per lb on the New York Copper Exchange. They should rise to more than $0.90 per lb before the close of 1998, Jimenez said. ''With current trends, by the year 2000 there will be significant increase in consumption and the price will go up a lot,'' Jimenez said. ''Mining is a long-term activity, so you have to look at prices in the long term.'' The existing financial crisis in Asia and the potential recession in Japan are largely responsible for the copper market doldrums, he said. Chile, which produces 28 percent of world's copper, has been largely unaffected by the metal's fall from grace, the minister said. ''There is no decline in (copper production) activity in Chile,'' he said. ''There is a decrease in Australia, Africa, Canada and the United States, in that order.'' Canada's Cambior Inc. (CBJ.TO - news) recently announced it had frozen plans to proceed with the El Pachon copper project on the Argentine-Chilean border, along with the La Granja project in Peru and a $100 million development in the U.S. state of Arizona. Australia's BHP Copper (BHP.AX) decided in February to scale back copper production at its Pinto Valley mine in the United States to about 16,000 tonnes a year from 85,000 tonnes because of the weak prices. In Chile, other metals such as gold have seen production fall because of lower prices. ''Gold production has dropped steeply, but gold is only a marginal product in Chile and doesn't have the same significance as copper,'' said Jimenez. Chile's ''only defense'' against slumping copper prices is the low cost of doing business, said Jimenez. ''We have cheap electrical energy, good roads, good production capacity, abundant laws and a good workforce,'' said Jimenez. According to a recent Colorado School of Mines study, projects in Chile and Argentina offer the highest after-tax rates of return. Currently there is excess copper production of about 400,000 tonnes per year out of total world output of 14 million tonnes, Jimenez said. However, consumption is always threatening to climb, he said, particularly in China and India, which represent ''half the world's population'' but where copper use is ''less than one kilogram per capita.'' In comparison, the average Chilean uses an average of eight kilos of copper. ''The danger is not an excess of copper, but a lack of production,'' said Jimenez. China's copper industry is expected to grow by six percent annually over the next five years driven by more demand and consumption, Kotaro Tomino, assisant general manager of Jinlong

To: TomKing who wrote (82)	4/30/1998 8:31:00 AM
From: the Chief	Read Replies (1) \| Respond to of 1996

Rock Resources Inc - News Release RKR Shares issued 14,424,750 Apr 29 close $0.55 Wed 29 Apr 98 Company Sponsored A. Coir›n Project CHILE Rock Resources Coir›n property is located in Region IV, Coquimbo, Chile. The Coiron property-area is located along a 70 km. long northeasterly linear trend. That trend contains the El Bronce epigenetic vein deposits to thesouthwest, several variably explored alteration and breccia zones near the centre and the Los Pelambres and El Pachon deposits 31 kms. northeast of the Coiron property. The Coiron property hosts a substantial exposure of evidence indicating that it may contain a world-class porphyry copper deposit. The porphyry deposit at Los Pelambres reportedly contains more than 4 billion tonnes of copper mineralization, hosted within a potassic alteration zone located directly beneath tourmaline-bearing collapse breccia and surrounded by a halo of phyllic (sericitic) alteration. Mineralization and alteration exposed on the Coiron property is the same type as that exposed above the ore body at Los Pelambres. I. Main Target - Cordon de Quelen a) Road Work Complete The access road from the Village of Tranquilla to the main target-area on Cord›n de Quel,n in the south-central part of the property has been completed and the first three drill sites are being readied for occupation. Rock's initial drill program will consist of three (3) 500 m holes. b) New Discoveries in the Main Porphyry Copper Target Area on the Cord›n de Quelen, Located in the Central Part of the Property Rock's independent consulting geologist, Mr. John Ostler, in his letter report dated April 26, 1998 states in part as follows: "The standard porphyry copper deposit models state that directly beneath a well-developed implosion breccia is a variably porphyritic granitic intrusion. The models state further that the upper part of this intrusion is subjected to intense pervasive potassic alteration which turns the rock pink. Near the upper boundary of the potassic alteration is a region of stockwork veins that contain commercial amounts of copper. This is the porphyry copper deposit... ...There is a transition zone of boxwork quartz veins and breccia that passes from the tourmaline-bearing breccia above to a brilliant pink and green altered granodiorite intrusion below. The transition zone is exposed at elevations between 2620 and 2660 m on the southern slope of Cordon de Quelen, just 120 to 160 metres beneath the peak. This transition zone contains abundant black limonite (iron oxide), the kind normally left behind by the near-surface leaching of copper. This limonite is identical to that associated with the oxidation of copper in the big veins located southeast of the main implosion breccia on the Coiron property and at the Las Pelambres copper deposit located in the same camp northeast of Rock's property. The intrusion beneath the transition zone is exposed in a triangular area of about 160,000 m2. This intrusion (now named the Igor intrusion) is in gradational contact with the overlying parts of the system. The boxwork transition zone and the lower part of the tourmaline-bearing breccia are both developed within the upper part of the host intrusion. Exposures of the Igor intrusion indicate that it has a pervasively altered core surrounded by a less altered rind on its lower flanks. In the core of the intrusion, pervasive pink potassic alteration is overprinted by late, retrograde propylitic alteration accompanied by the deposition of green epidote and chlorite." II. New Target - Cerro Carmen (see February 23, 1998 news release) Disseminated Copper Mineralization on Cerro Carmen Rock's independent consulting geologist, Mr. John Ostler, in his letter report dated April 26, 1998 states in part as follows: "A new showing of copper mineralization was opened up on the eastern slope of Cerro Carmen during recent road construction. Cerro Carmen is located in the northern part of the Coiron property about 3 km north of the main porphyry copper target on Cordon de Quelen. The showing is exposed in a road cut about 120 m long located above the old mill site and beneath an old production pit and adit, all of which are mineralized. The mineralization exposed along the road has been significantly leached in near-surface parts of the outcrop. During the April 16-20 mapping program, several new discoveries have been made about Cerro Carmen. Details are as follows: Copper-bearing mineralization is contained within a highly silicified and altered area of about 10,000 m2 beneath the eastern peak of Cerro Carmen. Weathered ghosts of calcopyrite concentrations like those exposed in the road cut occur in outcrops across the hillside." B. Private Placement Further to the private placement announced February 24, 1998, this is to verify that final regulatory approval was received on April 15, 1998. Gross proceeds of $1,100,000 (net proceeds of $1,075,040) have been received by the company. C. Expropriation On January 9, 1998, the Company announced by way of a news release that LEGAL ACTION COMMENCED. Rock Resources Inc. has commenced a legal action in the Supreme Court of British Columbia by way of a Writ of Summons against Her Majesty the Queen in Right of the Province of British Columbia claiming for general, special and punitive damages with respect to the government's decision in July of 1995 to expropriate certain of Rock's mineral claims (located in the south eastern portion of the province) for the creation of a new provincial park. Rock is seeking in excess of 15 million dollars as "fair compensation". Background Please refer to news release dated January 9, 1998. Recent Events On April 21, 1998 a news release was issued from the Office of the Premier of the Province of British Columbia announcing "Government Announces New Mining Initiatives to Spur Jobs and Investment". Further, the B.C. Government announces the creation of "The Mining Rights Amendment Act" which is intended to attract investment and create jobs in the sector by demonstrating government's commitment to the industry, assuring access to lands for exploration and mining, and ensuring appropriate compensation is paid for mineral tenures expropriated in order to create parks. SUMMARY CHILE: Rock Resources' geological team will return to Chile during the first week of May 1998 to complete final arrangements in preparation for the commencement of drilling on the main target which may host a "World-Class porphyry Copper-Gold deposit". In the March/April issue of the "Prospector" (page 13) in an article featuring Rock Resources Inc. the writer states as follows "Rock Resources Inc. interests me as it does appear to have the potential for an exceptional discovery". B.C. COMPENSATION: Given the new framework recently announced on April 21, 1998, Rock Resources' Management is confident that a fair and reasonable settlement can be reached in the next 60-120 days. On behalf of the Board of Directors: Thomas J. Kennedy, B.Comm., LL.B. President The Vancouver Stock Exchange has neither approved or disapproved the content of this News Release. #910 - 510 Burrard Street Vancouver, B.C. V6C 3A8 TEL: (604) 688-3304 FAX: (604) 682-6038 North American Toll Free: 1-888-ROCK-RES (762-5737) mailto:info@rockresources.com Web site: rockresources.com (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com