VANCOUVER, BC, Oct. 17, 2022 /CNW/ - Rokmaster Resources Corp.
(TSXV: RKR) (OTCQB: RKMSF) (FSE: 1RR1) ("Rokmaster" or "the
Company") is pleased to announce the successful completion of its
2022 surface diamond drill program at its Revel Ridge Project
("Revel Ridge" or "the Project").
A total of 4,803 metres of diamond drilling was completed in
fourteen drillholes which were primarily devoted to testing the
northwestern extension of the Revel Ridge Main Zone ("RRMZ") and
Yellowjacket Zone ("RRYZ") proximal to the 2021 mineral resource
estimation volumes. Certain drillholes during the program also
tested outlying targets to the extreme southeast and northwest
limits of the RRMZ where surface mapping and geochemistry suggests
continuity of the incredibly persistent mineralized system.
Important target areas within the Revel Ridge Project and
surrounding Revel North Properties were also advanced using
mapping, prospecting, and geochemical sampling (see Figure 1:
Revelstoke Properties Map). A total of 62 channel samples, 91 rock
samples, 562 soil samples, and 70 stream sediment samples were
collected from Revel Ridge and surrounding properties in 2022.
Encouraging indications from the Keystone Property led to the
expansion of mineral claims in August to now total 5,276
hectares.
Assay results from six of fourteen drillholes have been received
and show strong continuation of both the RRMZ and RRYZ to the
northwest and confirms a large extension of the RRMZ to the
southeast (see Press Release dated Sept. 26,
2022) and the Company expects to receive the balance of the
assay results in the coming weeks and will publish shortly
after.
John Mirko, President and CEO of
Rokmaster stated:
"We are all enthusiastic to receive the assay results to build
into the next mineral resource estimate. Work also continues on
updating the Preliminary Economic Assessment by Ausenco Services
Pty Ltd. Rokmaster's geological and prospecting team have meanwhile
developed additional prospective drill targets through their work
across the Revelstoke Properties.
We sincerely thank all our contractors for their collaboration
in utilizing innovative and cost-effective solutions for another
successful drilling season."
Quality Assurance/Quality Control. Dr. Jim Oliver, P. Geo. supervised all aspects of
the drilling and sampling undertaken in the 2021 and 2022
underground and surface diamond drill programs. All assay samples
have been collected from ½ NQ core, sawn with a diamond saw with
the sample intervals marked by technical personnel. A full QAQC
program using blanks, standards and duplicates was utilized to
monitor analytical accuracy and precision. QAQC samples are
submitted approximately at every 20th sample, or a minimum of 5% of
the total sample stream. Appropriate standards are used to provide
quality control information on high grade and medium to low grade
samples. A limestone blank is inserted after select samples that
have macroscale characteristics of higher-grade mineralization.
Duplicate samples are repeat analysis of designated primary sample
pulps. The samples were sealed on site and shipped to MSALABS in
Langley, British Columbia. MSALABS
is an ISO 17025 (Testing and Calibration Laboratory) and an ISO
9001 (Quality Management System) Certified Laboratory. Drill core
samples were crushed to 2 mm and a 500-gram sub sample was
pulverized with 85% of the sample passing 75 microns. The
sub-sample was analysed using a combination of MSALABS FAS211 for
Au and ICP–240 (4 acid digestion) for silver, base metals and other
trace elements. FAS211 for gold is an ore grade fire assay of a 50
g pulp with an AAS finish with a detection range between 0.01 and
100 ppm). ICP-240 utilizes four acid digestion and provides ore
grade analytical data on silver, base metals and 26 other
elements.
The technical information in this news release has been prepared
in accordance with Canadian regulatory requirements as set out in
National Instrument 43-101 and reviewed and approved by
Eric Titley P.Geo., who is
independent of Rokmaster and who acts as Rokmaster's Qualified
Person.
On Behalf of the Board of Directors of
Rokmaster Resources Corp.
John Mirko,
President & Chief Executive Officer.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term in defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this press release.
About Rokmaster
Rokmaster's flagship Revel Ridge Project is host to a high-grade
gold and polymetallic orogenic sulphide deposit which has been the
subject of a PEA Technical Report dated December 8, 2020, and a Technical Report of an
Updated NI 43-101 Mineral Resource Estimate on the Revel Ridge
Property dated January 17, 2022, both
filed on SEDAR. The current drill program is designed to
efficiently expand the volume of the Revel Ridge Main Zone as
defined by the updated Mineral Resource Estimate, which currently
remains open in all directions:
- Measured & Indicated (M&I): 1.36
million gold equivalent ("AuEq") ounces contained within
6.73 million tonnes with an average grade of 6.27 g/t
AuEq1.
- Inferred (Inf): 1.22 million AuEq ounces
contained within 6.00 million tonnes at an average grade of 6.33
g/t AuEq1.
Footnote 1. (Technical
Report and Updated Mineral Resource Estimate of the Revel Ridge
Polymetallic Property Revelstoke Mining Division, British Columbia,
Canada, William Stone, Ph.D., P.Geo. Fred Brown, P.Geo. Jarita
Barry, P.Geo. David Burga, P.Geo. Eugene Puritch, P.Eng., FEC, CET
Stacy Freudigmann, P.Eng. F.Aus.IMM. P&E Mining Consultants
Inc. Report 411 Effective Date: November 15, 2021 Signing Date:
January 17, 2022 filed on SEDAR.)
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CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS: This news
release may contain forward-looking information within the meaning
of applicable securities laws ("forward-looking statements").
Forward-looking statements are statements that are not historical
facts and are generally, but not always, identified by the words
"expects," "plans," "anticipates," "believes," "intends,"
"estimates," 'projects," "potential" and similar expressions, or
that events or conditions "will," "would," "may," "could" or
"should" occur. These forward-looking statements are subject to a
variety of risks and uncertainties which could cause actual events
or results to differ materially from those reflected in the
forward-looking statements, including, without limitation: risks
related to fluctuations in metal prices; uncertainties related to
raising sufficient financing to fund the planned work in a timely
manner and on acceptable terms; changes in planned work resulting
from weather, logistical, technical or other factors; the
possibility that results of work will not fulfill expectations and
realize the perceived potential of the Company's properties; risk
of accidents, equipment breakdowns and labour disputes or other
unanticipated difficulties or interruptions; the possibility of
cost overruns or unanticipated expenses in the work program; the
risk of environmental contamination or damage resulting from
Rokmaster's operations and other risks and uncertainties. Any
forward-looking statement speaks only as of the date it is made
and, except as may be required by applicable securities laws, the
Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information,
future events or results or otherwise.
SOURCE Rokmaster Resources Corp.