VANCOUVER, BC, Nov. 28,
2022 /CNW/ - Rokmaster Resources Corp. (TSXV:
RKR) (OTCQB: RKMSF) (FSE: 1RR1) ("Rokmaster" or "the Company") is
pleased to announce a strong intersection of the Revel Ridge Main
Zone ("RRMZ") by drillhole RR22-102a at the Revel Ridge Project
("Revel Ridge" or "the Project").
Drillhole RR22-102a was wedged to completion around the core
barrel which broke due to equipment wear at 222.5 metres. The
primary drillhole (RR22-102) intersected strong sphalerite-galena
mineralization in a silicified limestone between 206.90 m and 211.50
m which represents the Yellowjacket Zone ("RRYZ"). Notably,
this intersection occurs 65 m from RR21-50, the nearest drillhole
hosting RRYZ mineralization. The RRYZ was encountered a second time
in the wedge hole (RR22-102a) which is tabulated below.
The Main Zone ("RRMZ") is located at the base of a thick
carbonate unit at 287.3 m. Similar to
drillhole RR22-101 (see Press Release dated Sept. 26, 2022), the RRMZ in RR22-102a is
primarily developed in a footwall quartzite package. This favorable
carbonate-quartzite contact, which supports metre-scale massive
sulphide bands in the RRMZ, may be laterally extensive with a
distance of 95 metres between RR22-101 and RR22-102a. These broad
and successful step outs are external to the mineral resource
estimate block model (Figure 1- Long
Section). Assay results for drillholes RR22-102 and
RR22-102a recently received from the laboratory are tabulated
below:
DDH
|
From
(m)
|
To
(m)
|
Length
(m)
|
AuEq
g/t
|
Au
g/t
|
Ag
g/t
|
Pb %
|
Zn %
|
Zone
|
RR22-102
|
206.90
|
211.50
|
4.60
|
2.91
|
0.06
|
42.67
|
1.24
|
5.32
|
RRYZ
|
|
|
|
|
|
|
|
|
|
|
DDH
|
From
(m)
|
To
(m)
|
Length
(m)
|
AuEq
g/t
|
Au
g/t
|
Ag
g/t
|
Pb %
|
Zn %
|
Zone
|
RR22-102a
|
206.60
|
210.15
|
3.55
|
4.54
|
0.06
|
54.25
|
1.66
|
9.01
|
RRYZ
|
|
|
|
|
|
|
|
|
|
|
RR22-102a
|
287.30
|
291.50
|
4.20
|
8.84
|
5.24
|
63.83
|
4.06
|
4.04
|
RRMZ
|
including
|
288.50
|
290.65
|
2.15
|
16.01
|
9.73
|
107.19
|
6.74
|
7.52
|
RRMZ
|
|
Footnote 1.
Reported widths of mineralization are drill hole intervals or core
lengths recovered. Insufficient data exists to permit the
calculation of true width of the reported mineralized
intervals.
|
|
Footnote 2.
Mineralized Zone abbreviations: RRMZ: Revel Ridge Main Zone, RRYZ:
Revel Ridge Yellowjacket Zone.
|
|
Footnote 3. AuEq
calculations use: Metal prices of Au US$1,625/oz, Ag US$22/oz, Pb
US$0.95/lb, Zn US$1.20/lb; RRMZ process recoveries of Au 92%, Ag
88%, Pb 80%, Zn 72%; RRMZ AuEq = Au g/t + (Ag g/t x 0.012) + (Pb% x
0.347) + (Zn% x 0.353); RRYZ process recoveries of Au 91%, Ag 80%,
Pb 74%, Zn 75%; RRYZ AuEq = Au g/t + (Ag g/t x 0.011) + (Pb% x
0.325) + (Zn% x 0.372).
|
John Mirko, President and CEO,
comments "Drillhole RR22-102a bolsters the strength of the RRMZ
and the Yellowjacket Zone in the northwest extension and meets the
primary goal of the summer 2022 drill campaign. Rokmaster has
located a favourable geological setting hosting wide intersections
of RRMZ that is proving to be expansive.
Work is progressing well on the update to the PEA that will
be incorporating both the 2021 mineral resource estimate and the
recent metallurgical break-through that demonstrably improves gold
recoveries."
The data from these drillholes will be combined with the Spring
2022 drill program and all of the historical drill data to update
the mineral resource estimation in 2023. Readers can view the
longitudinal section with the above drill results on Rokmaster's
website at rokmaster.com/projects/revel-ridge/maps-and-figures/
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 drill core
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.
website: www.rokmaster.com
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 Estimate1 on the
Revel Ridge Property, dated January 17,
2022. The 2022 drill programs are 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 AuEq.
- Inferred (Inf): 1.22 million AuEq ounces contained
within 6.00 million tonnes at an average grade of 6.33 g/t
AuEq.
|
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.)
|
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 vents or results or otherwise.
SOURCE Rokmaster Resources Corp.