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

To: the Chief who wrote (123)	6/9/1998 3:08:00 PM
From: Fungi	Respond to of 1996

Coiron exploration progress Rock Resources Inc RKR Shares issued 14,424,750 Jun 8 close $0.48 Tue 9 Jun 98 News Release Mr. Thomas Kennedy reports The Mount Tacho hydrothermal system is the larger of the two significant hydrothermal systems being explored on the company's Coiron property. The other is at Cerro Carmen (a second target) as referred to in the Feb. 23, 1998 and April 29, 1998 news releases (Stockwatch, Feb. 24 and May 1). Exploration during May 1998 comprised two aspects: further geological mapping and drilling which will continue through June 1998. In April 1998, the IGOR intrusive was discovered and at that time believed to be the host of the Mount Tacho hydrothermal system. The work during May 1998 has confirmed this hypothesis. The Igor intrusion is a monzonitic body that has undergone pervasive potassic alteration turning it a bright pink with green spots. Near its margin, pervasive retrograde propylitic alteration results in more green spots which form secondary epidote and chlorite. One of the distinctive features of this intrusion is its exceedingly high magnetite content, up to 2 per cent in some areas. A lobe of this intrusion was found by drilling through brecciated andesites on a magnetic anomaly discovered through compass deviations. Large amounts of pyrite and pyrite-tourmaline-magnetite stringers are evident in drill core throughout the brecciated volcanics directly above the intrusion. High magnetic content in the potassic alteration zone within an alkalic porphyry is consistent with a gold-copper porphyry system similar to Kemess or Mt. Milligan, British Columbia. The drilling of four holes (a total of 420m) on the veins (sheeted breccia zones) at the southeast portion of the Mount Tacho hydrothermal system demonstrates that the veins are extensive and deep, features that maintain their attitude and thickness to depth. Drill core samples are currently being analyzed. The company's team visited the property on June 5, 1998. At that time, the drill was turning on the eastern portion of the main hydrothermal targetand was at a depth of 300-400 metres. This hole through the intrusion is testing the extent of potassic alteration and magnetite concentration. The next drill hole is scheduled to begin by June 15, 1998. There is a series of carbonaceous lutites (mudstones) and volcanic tuffs in the east-central part of the Coiron property. The confluence of two of the larger veins on the property lies within these units. Movement and silicification on these faults has created a breccia that has fostered the movement of gold-bearing fluids. These fluids have been forced to dump their load of gold by reducing conditions generated by the free carbon in the mudstones. The result is a gold-bearing fault breccia that extends over a 70m x 150m area on surface. There could be an en echelon series of these in this area. A 50-chip sample taken over an extensive part of this breccia area shows 6.78 g/t gold and significant silver. The object of the initial phase of the company's drilling program is to establish further evidence to support its contention that it could have a world class porphyry copper-gold deposit on the 33 sq km Coiron property in Region IV, Coquimbo, Chile. Well evidenced mineralization and alteration exposed on the Coiron property is the same type as that exposed above the 3.3 billion tonne ore body at Los Pelambres (within view of Coiron). The current evidence from below surface is completely consistent with the company's contention that it could have a world class porphyry copper gold deposit. The company's 1998 work program is anticipated to provide continuing favourable results.