VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/05/13 -- Rokmaster Resources Corp. (TSX VENTURE: RKR) ("Rokmaster" or the "Company") is pleased to announce that its wholly owned Peruvian subsidiary, Minera Pinaya Peru S.A., has applied for a 1,000 hectare mining concession adjoining the north eastern portion of its Pinaya Project concession block. The new mining concession area is also bounded on the south and west by BHP Billiton World Exploration Inc., and on the northwest by Golden Ideal Gold Mining S.A.C.. This new concession is on the favorable northwest trend of the well mineralized belt leading to Xstrata's nearby Tintaya and Antapaccay porphyry deposits and will increase the total land package of the Pinaya Project to 20,200 hectares.
Rokmaster is a mineral exploration and development company working in North and South America. The Company has assembled certain mineral exploration projects including the Pinaya copper gold project in southern Peru. While these properties are largely at early stages of development they represent exiting opportunities for the discovery of significant precious and base metal mineralization as evidenced at Pinaya (Gold Oxide Zone: Measured + Indicated ("M+I") mineral resources of 6,401,000 tonnes @ 0.79g/t Au and Inferred ("Inf") of 2,383,000 tonnes @ 0.59g/t Au and in the NW and West Porphyry Zone; M+I : 32,269,000 tonnes @ 0.43g/t Au + 0.39% Cu and Inf : 35,412,000 tonnes @ 0.27g/t Au + 0.40% Cu.(i)). Rokmaster's business model is to utilize its highly experienced team of mineral explorationists and developers to discover significant mineral resources and aggressively advance such projects, and to expose its shareholders to significant capital gain in the near term.
(i)(The mineral resource estimates are disclosed by Rokmaster at www.sedar.com or www.rokmaster.com in a National Instrument 43-101 Report dated July 26, 2012 titled "Independent Technical Report on the Pinaya Gold/Copper Property, Caylloma and Lampa Provinces, Peru, for Rokmaster Resources Corp. By prescribed definition, "mineral resources" do not have demonstrated economic viability. An Inferred mineral resource is that part of a mineral resource for which quantity and grade can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. The mineral resources fall within a volume or shell defined by long-term metal price estimates of US$3.00/lb for copper and US$1,100.00/oz for gold.)
Mark Rebagliati, P.Eng., a Qualified Person as defined under National Instrument 43-101, is supervising the quality assurance and quality control programs and exploration on behalf of Rokmaster and has reviewed the technical content of this release.
On behalf of the Board of Directors of ROKMASTER RESOURCES CORP.
John Mirko, President & Chief Executive Officer
Information set forth in this news release contains forward-looking information that is based on assumptions as of the date of this news release. This forward-looking information reflects management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Rokmaster cautions that all forward-looking information is inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Rokmaster's control. Such factors include, among other things: risks and uncertainties relating to Rokmaster's ability to implement and complete exploration programs and Rokmaster's limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Rokmaster undertakes no obligation to publicly update or revise forward-looking information. For more information on Rokmaster Resources Corp. investors should review the Company's filings that are available at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor any other regulatory authority accepts responsibility for the adequacy or accuracy of this release.
Rokmaster Resources Corp.
President & Chief Executive Officer
Most Popular Stories
- SpaceX's Satellite Launch Is 'Game-Changer'
- Reid Confident Congress to Pass Immigration Bill
- Maui Visitor Killed in Shark Attack
- Donors Abandon GOP Over Gun Stance
- Mexico: 'Extremely Dangerous' Radioactive Material Stolen
- CEOs More Optimistic About Economy, Hiring
- Climate Change Early Warning System Urged
- Private Sector Employment Surges by 215,000 Jobs
- Newtown 911 Tapes Being Released Today
- Wisconsin Gov. Campaign Aide Fired Over Tweets