Rochester Resources,die neue Silberrakete!!
Achtet mal auf diese Aktie,könnte laut Rohstoffraketen der nächste Silberstar werden.
Rochester Resources (WKN A0F67V, Kanada-Kürzel RCT) ist eine Silbergesellschaft, die wir angesichts der vorhandenen Tatsachen und Perspektiven für extrem unterbewertet halten! Davon konnten wir uns nach mehrmaligem Treffen mit CEO Doug Good auf der PDAC in Toronto und am Wochenende auf der Invest in Stuttgart überzeugen.
Rochester Resources stellten wir Ihnen das erste Mal in der Ausgabe vom 13. Dezember 2006 bei einem Kurs von 1,93 CAD vor. Darüber hinaus machten wir Sie im gestrigen ABOUpdate noch einmal darauf aufmerksam, dass sich bei Rochester eine sensationelle Silber-Produktionsstory anbahnt. Im gestrigen Kanada-Handel schoss der Kurs dieses kommenden Vervielfachers dann auch um weitere 12,3 Prozent nach oben. Da der hoch aussichtsreiche Edelmetallproduzent mit 2,93 CAD aus dem Handel ging, sitzen die seit Dezember 2006 investierten Anleger auf einem bisherigen Buchgewinn von über 50 Prozent. Wie wird es mit Rochester jetzt weitergehen?Eines gleich vorab: Nach einem persönlichen Gespräch mit dem Chairman Douglas F. Good sind wir fest davon überzeugt, dass der Titel das Zeug dazu hat, sich in diesem Jahr – vom aktuellen Kursniveau aus gerechnet – noch einmal zu verdoppeln. Aber selbst ein Kursanstieg von 100 Prozent wäre angesichts der gigantischen fundamentalen Perspektiven
von Rochester eine extrem „konservative“ Wertentwicklung. Lassen Sie sich jetzt aber von uns erklären,warum Sie mit Rochester in naher Zukunft aller Voraussicht nach einen außergewöhnlichen Vermögenszuwachs erzielen dürften. Viel versprechende Gold- und Silbergehalte in Mina Real.Rochester Resources verfügt im mexikanischen Bundesstaat Nayarit über ein Projekt mit dem Namen„Mina Real“. Die etwa 7.300 Hektar umfassende Liegenschaft befindet sich im südlichen Abschnitt der rohstoffreichen
Sierra Madre. Bisher entdeckte das Geologenteam von Rochester in Mina Real gleich mehrere gold- und silberhaltige Adern, die als hochaussichtsreich bezeichnet werden müssen.Konkret: Man stieß auf Adern mit einer Gesamtlänge von mehr als 6 Kilometer – dabei erreicht die vertikale Ausdehnung (bei einer Breite zwischen 0,35 und 2,90 Meter) Wegstrecken von teilweise deutlich über 200 Meter.Aufhorchen lassen sollte uns, dass Rochester in Mina Real bisher Stollen mit einer Gesamtlänge von 2,5
Kilometer errichten konnte – und das in einem sehr kurzen Zeitraum.
Und an dieser Stelle wird es jetzt spannend: Nach dem Stollenausbau auf einer Gesamtlänge von knapp 800 Meter wurden aus Abschnitten von je 2 Metern Gesteinproben entnommen. Und diese können sich sehen lassen! Die Entnahmen aus den Erzadern enthielten durchschnittlich 12,1 Gramm Gold je Tonne und 209 Gramm Silber je Tonne. Dabei sollte man sich vor Augen führen, dass diese Werte satte 48 Prozent
höher liegen als die Gehalte, welche man noch im Jahr 2005 feststellen konnte.
Selbst beim pessimistischsten Szenario ist die Bewertung extrem niedrig!
Derzeit beläuft sich die Verarbeitungskapazität der eigenen Mina Real Verarbeitungsanlage auf 200 Tonnen Gestein pro Tag. Legt man diese Kapazität zugrunde und rechnet extrem konservativ mit Goldpreisen von 600 Dollar und mit Silberpreisen von 12 Dollar, kommt man bereits auf einen Vorsteuergewinn
von geschätzten 11,40 Millionen CAD pro Jahr!Hierbei ist zu beachten, dass in dieser Kalkulation bereits sämtliche Kosten (auch die für die Verwaltung)
enthalten sind. Die Marktkapitalisierung von Rochester Resources liegt jedoch bei deutlich unter 80 MillionenCAD!
Rochester Resources Announces Dr. Ulrich Petersen to Join Advisory Board
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 11, 2008) - Rochester Resources Ltd. (TSX VENTURE:RCT)(OTCBB:RCTFF)(FRANKFURT:R5I) is pleased to announce Dr. Ulrich Petersen has agreed to join the advisory board. Dr. Petersen is the originator of the zoning ore model for hydrothermal veins, and one of the world's leading experts in economic geology. Dr. Petersen is regarded as one of the pre-eminent authorities on modeling epithermal vein systems and will be a significant addition to Rochester's strong management team and will contribute significantly to the company's long-term mine plan.
Dr. Petersen received a degree in mining engineering from the Escuela Nacional de Ingenieros in Lima, Peru. He also taught there until 1951. Following this, he earned his Master's degree and Ph.D. from Harvard University.
Dr. Petersen has taught courses in ore deposits and mining geology at Harvard since 1963 and has occupied the Harry C. Dudley chair since its inception in 1982. He was also head tutor and chairman of the standing committee of the environmental science and public policy concentration, which started in 1993.
Dr. Petersen has been a consultant with several mining companies, governments, and international organizations throughout the world, and has applied his expertise in Peru, Ecuador, Panama, Mexico, Canada, Argentina, Haiti, Namibia, Spain, Japan, Australia, Bolivia, Chile, and the United States.
Dr. Petersen's long list of achievements includes the Peruvian government's "Order of Merit" for his contributions to Peruvian geology and the discovery of ore deposits; and the German government's Humboldt Foundation research award. He is also a Fellow of the Mineralogical Society of America and the past President of the Society of Economic Geologists.
President, Dr. Alfredo Parra comments, "We are very pleased to be able to attract an expert of this calibre to our project in Mexico. Dr. Petersen has been responsible for the discovery of numerous epithermal deposits throughout Central and South America. Dr. Petersen will apply his expertise to our projects by working with me side by side to construct an epithermal ore model for both the Mina Real and Santa Fe projects. Our personal and working relationship goes back many years and I believe we can have as much success on Rochester's projects as we have had in the past at our other major epithermal discoveries and mines."
About Rochester Resources Ltd.:
Rochester represents a pure-play in the exploration, development and production of high-grade gold and silver properties located in Nayarit, Mexico. The Company is a niche player in Mexico which has assembled an attractive portfolio of properties in the Sierra Madre Occidental Range. This is the largest epithermal precious metal region in the world, hosting the majority of Mexico's large tonnage gold and silver deposits.
Rochester is well positioned to advance its Projects and can very quickly become a significant player in Mexico. Rochester has a strong senior management team based in Mexico, a workforce in place to advance its projects through to mine development.
ON BEHALF OF THE BOARD
Dr. Alfredo Parra, President and CEO
Forward Looking Statements
This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. In addition, the Company has not conducted an independent feasibility study on the Mina Real project which may increase the risk that the planned operations are not economically viable. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
For more information, please contact
Empire Communications Inc.
Investor Information Contact
(604) 484-0066
Email: info@rochesterresources.com
Website: www.rochesterresources.com
Click here to see all recent news from this company
Und weil mir das letzlich jetzt auch Wurscht ist (wer jetzt noch schmeisst, muss wirklich jedes bischen Kohle ganz bitter nötig haben) meine Empörung über das Management:
Da sagen die doch laufen: Super, hier wieder was tolles gefunden usw.
-aber seit langem nichts zum Geld, aber jetzt versuchen die ne Kapitalerhöhung zu machen,
ich dacht ich hör nicht richtig.
Da wird der Kleinanleger hier mächtig verarscht. Wäre froh wenn die Bafin die Vorgänge alle mal durchleuchten würde.
Muss man sich mal vorstellen: Jetzt wo der Karren an die Wand gefahren ist, in dieser Bankenkrisenzeit, wo
Kapital knapp ist, da machen die doch tatsächlich ne Kapitalerhöhung.
Wenn denen dabei nicht ganz die Lust weggehen sollte, dann bin ich auch überrascht, ich empfehle einen Kauf dieser Aktie zu den derzeitigen News erst bei 0,01 bis 0,04 Euro.
Sollte mich überraschen, wenn die Firma ohne Insolvenz überlebt. Das Management gehört den A... versohlt.
Rochester Resources Ltd. (TSX-Venture: RCT) (OTCBB: RCTFF) (Frankfurt: R51) ist erfreut, bekannt geben zu koennen, dass Dr. Ulrich Petersen zugestimmt hat, dem Beratungsstab von Rochester Resources Ltd. beizutreten. Dr. Petersen ist der Begruender des “zoning ore model” fuer hydrothermale Erzadern und einer der weltweit fuehrenden Experten auf dem Gebiet der oekonomischen Geologie. Dr. Petersen ist als einer der angesehensten Experten auf dem Gebiet epithermaler Adersysteme angesehen und wird eine grosse Bereicherung fuer das Management von Rochester darstellen und einen signifikanten Beitrag bei der Entwicklung des langfristigen Minenplans des Unternehmens leisten.
Dr. Petersen erhielt sein Diplom als Bergbauingenieur von der Escuela Nacional de Ingenieros in Lima, Peru. Dort unterrichtete er auch bis 1951. Danach erhielt er seinen Master und sein PhD von der Harvard University.
Dr. Petersen hat seit 1963 Kurse in Lagerstaettenkunde und Geologie in Harvard geleitet und hat seit seiner Gruendung im Jahr 1982 den Harrz C. Dudlez Stuhl inne. Er war zudem seit 1993 Tutor und Chairman des standing committee of the environmental science and public policy concentration.
Dr. Petersen war fuer mehrere Bergbaukonzerne, Regierungen und internationale Organisationen in der ganzen Welt taetig und hat seine Erfahrungen Peru, Ecuador, Panama, Mexiko, Kanada, Argentinien, Haiti, Namibia, Spanien, Japan, Australien, Bolivien, Chile und den Vereinigten Staaten von Amerika eingebracht.
Dr. Petersens lange Liste an Erreichtem schliesst eine Anerkennung der peruanischen Regierung fuer seine Arbeit hinsichtlich der Geologie und der Entdeckung von Lagerstaetten und den Research Award der deutschen Humboldt Gesellschaft ein. Er ist ausserdem ein Mitglied der Mineralogical Society of America und war zuletzt der Praesident der Society of Economic Geologists.
Dr. Alfredo Parra, Praesident von Rochester, kommentiert: “Wir sind extreme erfreut, einen Experten von diesem Kaliber fuer unser Projekt in Mexiko gewinnen zu koennen. Dr. Petersen war verantwortlich fuer die Entdeckung von zahlreichen epithermalen Lagerstaetten in ganz Zentral- und Suedamerika. Dr. Petersen wird seine Erfahrung in unsere Projekte einbringen, indem er Seite an Seite mit mir daran arbeitet, ein Modell fuer die Mina Real und Santa Fe Projekte zu entwickeln. Unsere persoenlichen und geschaeftlichen Beziehungen reichen viele Jahre zurueck und ich glaube, wir koennen in Zukunft in den Projekten von Rochester den selben Erfolg haben , als dies in der Vergangenheit bei unseren anderen, bedeutenden Entdeckungen der Fall war.”
Für weitere Informationen besuchen Sie bitte unsere Webseite unter: http://www.rochesterresources.com
Im Namen des Vorstandes
"Dr. Alfredo Parra"
Dr. Alfredo Parra, Präsident und CEO
Email: mailto:info@rochesterresources.com
Website: http://www.rochesterresources.com
Tel. 604.685.9316 - Fax: 604.683.1585
Pressemitteilung
22. September 2008
Rochester Resources schließen die Privatplatzierung über 900,000 $ ab
Vancouver, Kanada - Rochester Resources Ltd. (TSX VENTURE:RCT) (OTCBB:RCTFF) (FRANKFURT:R5I) (das "Unternehmen"): Herr Nick DeMare, Chairman, ist erfreut, bekannt geben zu können, dass Rochester Resources Ltd. (das „Unternehmen“) die Privatplatzierung abgeschlossen und durch die Ausgabe von 2,000,000 Einheiten zu einem Preis von 0,45 $ je Einheit, was einer Reduzierung des ursprünglich vorgesehenen Kaufpreises entspricht, insgesamt 900,000 $ aufgenommen hat. Jede Einheit besteht aus einer Stammaktie des Unternehmens und einem halben, übertragbaren Warrant. Jeder volle Warrant kann über einen Zeitraum von 24 Monaten nach Abschluss der Privatplatzierung zu einem Preis von 0,75 $ in eine weitere Stammaktie des Unternehmens umgewandelt werden.
Canaccord fungierte bei dieser Privatplatzierung als Agent und hat eine Kommission in Höhe von 8 % der bei der Platzierung aufgenommenen Mittel erhalten. Canaccord haben zudem nicht übertragbare Warrants, welche zum Erwerb einer weiteren Stammaktie berechtigen und vom Umfang her 8 % der insgesamt bei dieser Privatplatzierung verkauften Einheiten entsprechen. Jeder dieser Warrants kann über einen Zeitraum von 24 Monaten nach Abschluss der Platzierung zu einem Preis von je 0,45 $ in eine weitere Stammaktie des Unternehmens umgewandelt werden, was einer Reduzierung des ursprünglich vorgesehenen Preises entspricht.
1,558,000 Stammaktien und 779,000 Warrants, welche an die Käufer ausgegeben wurden und 124,640 Warrants, welche Canaccord erhielten, unterliegen einer viermonatigen Haltefrist, welche am 19. Januar 2009 endet. 442,000 Stammaktien des Unternehmens und 221,000 Warrants, welche an die Käufer ausgegeben wurden und 35,360 Warrants, welche Canaccord erhielten, unterliegen einer viermonatigen Haltefrist, welche am 23. Januar 2009 endet.
Für weitere Informationen besuchen Sie bitte unsere Webseite unter: www.rochesterresources.com
Im Namen des Vorstandes
Nick DeMare, Chairman
Email: info@rochesterresources.com
Website: www.rochesterresources.com
Rochester Closes Final Tranche of $1 Million Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 24, 2008) - Rochester Resources Ltd. (TSX VENTURE:RCT)(OTCBB:RCTFF)(FRANKFURT:R5I) -
Mr. Nick DeMare, Chairman, is pleased to announce that Rochester Resources Ltd. (the "Company") has closed the final tranche of a brokered private placement (the "Private Placement") raising additional gross proceeds of $100,350 to the Company by issuing an aggregate of 223,000 units (each a "Unit") at a purchase price of $0.45 per Unit, a reduced purchase price from that which was originally announced by the Company. Each Unit consists of one common share of the Company and one-half of one transferable common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant is exercisable into one additional common share of the Company for a period of 24 months from the closing of the Private Placement at an exercise price of $0.75 per share.
Canaccord Capital Corporation ("Canaccord") acted as the agent under the Private Placement and was paid a cash commission equal to 8% of the gross proceeds raised under the Private Placement. Canaccord also received non-transferable common share purchase warrants (each an "Agent's Warrant") in a number equal to 8% of the Units sold under the Private Placement. Each whole Agent's Warrant is exercisable into one additional common share of the Company for a period of 24 months from the closing of the Private Placement at an exercise price of $0.45 per share, a reduced exercise price from that which was originally announced by the Company.
All of the common shares and the Warrants issued to the purchasers and the Agent's Warrants issued to Canaccord are subject to a four month hold period which expires on January 25, 2009.
ON BEHALF OF THE BOARD
Nick DeMare, Chairman
Forward Looking Statements
This Company Press Release may contain certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
For more information, please contact
Empire Communications Inc.
Investor Information Contact
1-877-541-6285
Website: www.rochesterresourcesltd.com
Click here to see all recent news from this company
Rochester Provides Updated NI 43-101 Technical Report on Mina Real Property, Nayarit, Mexico
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 20, 2008) - Rochester Resources Ltd. (TSX VENTURE:RCT)(OTCBB:RCTFF)(FRANKFURT:R5I) is pleased to announce that an updated technical report has been prepared on the Mina Real Property in Nayarit, Mexico dated Sept. 30, 2008 by Victor A. Jaramillo, M.Sc. (A), and P.Geo. of Discover Geological Consultants Inc. Mr. Jaramillo on his most recent visit to the Mina Real Project was able to review geological work completed to date, such as drill data, examine drill core, underground geological information, geochemical data and maps of the property.
To view the entire 43-101 Technical Report please click here: http://media3.marketwire.com/docs/rct1020a.pdf
Or please visit our website at www.rochesterresources.com.
Significant highlights from the report include:
A geological potential has been estimated for the Florida-4 vein system taking into consideration parameters that are discussed in the report. This potential is provided in ranges as required by NI 43-101 reporting standards.
For the lower end range equals 225m depth x 2,000m length x 0.50m wide x 2.5 s.g. equals 562,500 tonnes with grades of 4.0 g/t gold and 60 g/t silver
For the upper end range equals 450m depth x 2,000m length x 1.0m wide x 2.5 s.g. equals 2,250,000 tonnes with grades of 8 g/t gold and 100 g/t silver
The range provided includes the following assumptions:
1. A very well mineralized mining horizon that ranges from 1350m to 900m elevation;
2. A vein width ranging between 0.5m and 1.5m (we will use 1.0m for upper range);
3. A 2.0 kilometre strike length as defined from surface outcrop;
4. A specific gravity of 2.5
The above geological potential is for one vein only. The Mina Real Property comprises approximately 20 veins that have been identified to date (to view Figure 1 please click on: http://media3.marketwire.com/docs/rct1020b.jpg). The writer believes the geological potential to be considerable.
Cautionary statement: Investors are cautioned that the potential quantity indicated above is conceptual in nature. At this time, there has been insufficient exploration to define a mineral resource below the current inferred resources, and it is uncertain if further exploration will result in the discovery of these mineral resources.
Previous news that was released dated July 24, 2008 reported grades from surface trenching at Florida 4. The results indicate similar surface results to what was encountered on surface and above the zone of favourable mineralization at Florida 3. Some of the results previously reported from this trenching program include:
----------------------------------------
Trenching Results
Trench # Width Au (g/t) Ag (g/t)
No. 1 1.40m 2.49 62
No. 5 5.80m 4.82 131
No. 6 0.80m 2.15 68
No. 7 0.70m 5.97 44
No. 10 2.60m 6.53 80
No. 11 1.40m 3.26 68
No. 12 0.70m 1.13 50
No. 13 1.80m 3.63 64
No. 14 1.40m 0.82 475
No. 15 1.10m 1.93 59
----------------------------------------
The author noted that at the Mina Real Project, the presence of high grade gold-silver quartz-adularia veins and stockwork veinlets in the country rocks bears many geological similarities to Sleeper, Nevada; McLaughlin, California; Hishikari, Japan and Golden Cross and Martha Hill, New Zealand, all of which were or are significant gold producers.
The author who is a QP as defined by NI 43-101, has read and approved the contents of this news release.
ON BEHALF OF THE BOARD
Dr. Alfredo Parra, President and CEO
About Rochester Resources Ltd.:
Rochester s a junior gold/silver producer engaged in the production and the continued exploration and development of its Mina Real and Santa Fe Properties located in the State of Nayarit, Mexico. Nayarit is located in the Sierra Madre Occidental range, the most productive epithermal precious metal region in the world, which hosts the majority of Mexico's gold and silver deposits. The Company substantially completed the construction of a cyanidation processing plant at the end of December 2006. Initial milling operations commenced in January 2007 with the commissioning process being completed by May 31, 2007. The Company has, in a very compressed time frame, acquired, developed and brought into production a gold property in Mexico. The Company now has an operating mill which is generating cash flow from operations. The Company is also implementing an exploration and development program utilizing funds raised in the capital markets and cash flow from operations to define resources to support future mining and production.
Forward Looking Statements
This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. In addition, the Company has not conducted an independent feasibility study on the Mina Real project which may increase the risk that the planned operations are not economically viable. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
For more information, please contact
Empire Communications Inc.
Investor Information Contact
(604) 484-0066
Website: www.rochesterresources.com
Rochester Resources Provides Corporate Update
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 3, 2008) - Rochester Resources Ltd. (TSX VENTURE:RCT)(OTCBB:RCTFF)(FRANKFURT:R5I) previously announced on November 21, 2008 the Company has entered into a joint venture agreement with E-Energy Ventures Inc. and Cooper Minerals Ltd. to each acquire an undivided 10-per-cent equity interest in Mina Real Mexico S.A. de C.V., and in return, E-Energy Ventures Inc. and Cooper Minerals Ltd. would each agree to fund $1,475,000 of work commitments and to provide additional funding of $1,050,000 by way of a private placement. Rochester has received an initial payment of $150,000 from both parties. The Company has made applications to the regulatory approval for this transaction and has been advised that the Company's submissions have been accepted for filing. The Company is seeking a further advance of $250,000 from each optionee while filings are vetted by regulatory authorities.
At the Mina Real mine the focus of the mining operations have been to develop workings and build up a stock-pile of mineralized material at the mill to ensure there is sufficient mill feed to maintain mill operations. Mining operations have commenced from the Company's silver-rich vein system, Tajos Cuates. The Tajos Cuates vein system is located 1 kilometre southwest from the Florida Mine site. Tajos Cuates is a robust low sulphidation epithermal vein system which has been traced on surface over 1.8 kilometres.
Production from Tajos Cuates will be the primary provider of mill feed within 4 weeks. The commencement of production from Tajos Cuates also coincides with the anticipated increase in silver recoveries from the now integrated Falcon Centrifugal Concentrator. The Company has identified in its mine plan three blocks that will be stoped immediately which will provide mill feed for the next several months producing first at 200 tpd and then ramping up to 300 tpd.
Simultaneously, drifting will be ongoing to advance into newly explored areas of the Tajos Cuates vein system. Previous drilling and sampling from programs in 2006 and 2007 yielded strong mineralized results from the top of the favourable horizon through to the bottom of the favourable horizon of the vein system. A vertical favourable horizon of approximately 200 metres has been defined to date.
Milling operations have been suspended until January 2009 as the Company implements the development from the Tajos Cuates area, assuring there will be sufficient mill feed and maintaining accurate grade control.
The Company does require additional working capital to maintain its mining program.
Examples of drill hole results from the Tajos Cuates area include Drillhole # 800-7-04 which cut 2.42 metres (est. true width 1.5 metres) and graded 4.9 g/t Au and 310 g/t Ag at the 915 metre elevation. Very high grade samples have also been collected with samples returning grades like #751102 returning 17.85 g/t Au and 2110 g/t Ag over 1.6 metres (See Table 1 for complete results).
TABLE 1:
--------------------
TAJOS CUATES (Vein 2)
--------------------
--------------------------------------------------
Line # Sample # Width Au Ag
--------------------------------------------------
(m) g/t g/t
--------------------------------------------------
L9 751102 1.6 17.85 2110
--------------------------------------------------
L10 751103 0.7 2.71 700
--------------------------------------------------
L11 751104 0.6 2.68 479
--------------------------------------------------
L12 751105 0.7 0.84 595
--------------------------------------------------
L21 1003 1.2 5 1109
--------------------------------------------------
L22 1007 0.9 3 362
--------------------------------------------------
L23 1008 1.1 4.4 581
--------------------------------------------------
L24 1009 1.1 2.6 499
--------------------------------------------------
L25 1010 0.9 2.5 447
--------------------------------------------------
L26 1011 1.1 4.5 403
--------------------------------------------------
L27 1012 1 2.5 132
--------------------------------------------------
L28 1013 0.9 7.3 593
--------------------------------------------------
L29 LC99 1.2 16.1 930
--------------------------------------------------
L30 LC30 0.5 5.2 944
--------------------------------------------------
L40 TC-788 0.2 0.89 171
--------------------------------------------------
L41 TC-787 0.4 7.49 358
--------------------------------------------------
L42 TC-786 0.4 3.56 780
--------------------------------------------------
L43 TC-785 0.4 12.2 1360
--------------------------------------------------
L44 TC-784 0.4 4.82 661
--------------------------------------------------
L45 TC-776 0.7 0.72 189
--------------------------------------------------
L57 1001 1.2 4 504
--------------------------------------------------
L58 1002 1.2 3.2 656
--------------------------------------------------
--------------------
TAJOS CUATES (Vein 1)
--------------------
--------------------------------------------------
Line # Sample # Width Au Ag
--------------------------------------------------
(m) g/t g/t
--------------------------------------------------
L1 751116 0.8 3.81 85
--------------------------------------------------
L2 751115 0.5 15.5 669
--------------------------------------------------
L3 751114 0.75 2.51 265
--------------------------------------------------
L4 751109 0.75 5.88 278
--------------------------------------------------
L5 751117 1 2.42 174
--------------------------------------------------
L6 751118 1.07 0.13 52
--------------------------------------------------
L7 751119 1 0.23 165
--------------------------------------------------
L8 751120 1.3 0.77 100
--------------------------------------------------
L13 751107 1.5 4.33 298
--------------------------------------------------
L14 751109 0.75 5.88 278
--------------------------------------------------
L15 751110 0.8 13.4 563
--------------------------------------------------
L16 751111 0.75 164 316
--------------------------------------------------
L17 751112 0.75 3.07 651
--------------------------------------------------
L18 751113 0.7 12.6 2920
--------------------------------------------------
L19 751101 1.6 3.5 801
--------------------------------------------------
L20 751108 0.8 7.5 501
--------------------------------------------------
L31 TC-799 0.8 8.95 384
--------------------------------------------------
L32 TC-798 1.1 10.8 1050
--------------------------------------------------
L33 TC-797 1 14.5 649
--------------------------------------------------
L34 TC-796 1.2 29.8 1200
--------------------------------------------------
L35 TC-795 0.75 11.2 728
--------------------------------------------------
TC-794 0.9 9.89 287
--------------------------------------------------
TC-793 0.5 37.9 911
--------------------------------------------------
L36 TC-792 1.3 7.27 380
--------------------------------------------------
L37 TC-791 0.8 35.2 798
--------------------------------------------------
L38 TC-790 0.6 0.49 206
--------------------------------------------------
L39 TC-789 0.9 2.04 232
--------------------------------------------------
L46 TC-771 0.8 14.2 1150
--------------------------------------------------
L47 TC-772 1.1 3.43 299
--------------------------------------------------
L48 TC-773 1 3.84 406
--------------------------------------------------
L49 TC-774 0.6 0.89 99
--------------------------------------------------
TC-774 A 0.5 3.7 483
--------------------------------------------------
TC-774 B 0.6 8.93 1440
--------------------------------------------------
L50 TC-775 0.9 8.23 745
--------------------------------------------------
L51 TC-777 0.7 3.58 1530
--------------------------------------------------
L52 TC-778 0.5 1.48 664
--------------------------------------------------
L53 TC-779 0.5 6.95 373
--------------------------------------------------
L54 TC-780 0.8 2.07 307
--------------------------------------------------
TC-780 A 0.6 2.47 511
--------------------------------------------------
L55 TC-782 1.3 3.92 458
--------------------------------------------------
L56 TC-783 1.1 4.17 312
--------------------------------------------------
L59 TC-806 0.9 4.4 397
--------------------------------------------------
L60 TC-805 0.7 6.03 536
--------------------------------------------------
L61 TC-804 1.3 2.93 204
--------------------------------------------------
L62 TC-803 1 2.84 179
--------------------------------------------------
L63 TC-802 0.7 8.58 353
--------------------------------------------------
L64 TC-801 0.6 2.23 284
--------------------------------------------------
TC-800 0.4 11.4 484
--------------------------------------------------
L65 TC-812 1 15.1 601
--------------------------------------------------
L66 TC-811 1.4 4.26 298
--------------------------------------------------
L67 TC-810 0.8 5.71 509
--------------------------------------------------
L68 TC-809 1.5 7.54 500
--------------------------------------------------
L69 TC-808 1 7.94 320
--------------------------------------------------
L70 TC-807 1.4 0.68 90
--------------------------------------------------
TABLE 2
------------------
LA CHALATA (Vein 2)
------------------
--------------------------------------------------
Line # Sample # Width Au Ag
--------------------------------------------------
(m) g/t g/t
--------------------------------------------------
L1 2035 1.3 0.4 76
--------------------------------------------------
L2 2036 1.22 0.12 67
--------------------------------------------------
L3 2037 1.6 0.16 29
--------------------------------------------------
L4 2038 1.7 0.14 53
--------------------------------------------------
L5 2039 1.9 0.11 42
--------------------------------------------------
L6 2040 1.45 0.87 366
--------------------------------------------------
L7 2041 1.4 1.71 451
--------------------------------------------------
L8 2042 1.5 0.91 424
--------------------------------------------------
2042-A 1.4 4.03 665
--------------------------------------------------
L9 2043 1.04 0.8 320
--------------------------------------------------
L10 2044 1.1 0.94 529
--------------------------------------------------
L11 2045 0.7 0.71 495
--------------------------------------------------
L12 2046 0.68 0.27 468
--------------------------------------------------
L13 2048B 0.65
--------------------------------------------------
L14 2048 0.72 0.29 51
--------------------------------------------------
2048-A 0.6 0.14 59
--------------------------------------------------
L15 2047 0.6 0.31 60
--------------------------------------------------
Dr. Parra is currently the Company's in-house Qualified Person and QP Member of the Mining and Metallurgical Society of America with special expertise in Mining.
About Rochester Resources Ltd.:
Rochester represents a pure-play in the exploration, development and production of high-grade gold and silver properties located in Nayarit, Mexico. The Company is a niche player in Mexico which has assembled an attractive portfolio of properties in the Sierra Madre Occidental Range. This is the largest epithermal precious metal region in the world, hosting the majority of Mexico's large tonnage gold and silver deposits. Rochester has a strong senior management team based in Mexico, with a workforce in place to advance its projects through to mine development.
ON BEHALF OF THE BOARD
Dr. Alfredo Parra, President and CEO
Forward Looking Statements
This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. In addition, the Company has not conducted an independent feasibility study on the Mina Real project which may increase the risk that the planned operations are not economically viable. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
For more information, please contact
Empire Communications Inc.
Investor Information
(604) 484-0066
Email: info@rochesterresources.com
Website: www.rochesterresources.com
Click here to see all recent news from this company
Rochester Appoints Mr. Eduardo Luna President and CEO
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 15, 2009) - Rochester Resources Ltd. (TSX VENTURE:RCT)(OTCBB:RCTFF)(FRANKFURT:R5I) is pleased to announce that Mr. Eduardo Luna has been appointed President and CEO of Rochester Resources Ltd. Dr. Alfredo Parra will assume the role of Chief Operating Officer and will remain a director of Rochester. This will allow Dr. Parra to focus primarily on the mining and milling operations at the Mina Real Property. The Company anticipates that the synergy between Dr. Parra and Mr. Luna will be very positive for the Company from both an operational and capital markets perspective.
"We are thrilled to have Eduardo join Rochester's management team," said Dr. Parra, "His extensive international experience in the mining industry and Mexican operations make him a true asset to the company as we move forward with our Mina Real project. On behalf of senior management and the board of directors, I'd like to welcome him to a key management role."
Mr. Luna has been a director of Rochester since August 2007 and is currently Chairman of Silver Wheaton and previously was President of Goldcorp's Mexican mining operations. Mr. Luna brings extensive business experience and knowledge of the mining industry and will help strengthen the development of management's corporate strategy and relationships with the capital markets.
Mr. Luna holds a degree in Advanced Management from Harvard University, an MBA from Instituto Tecnologico de Estudios Superiores de Monterrey and a Bachelor of Science in Mining Engineering from Universidad de Guanajuato. He has held various other executive positions such as Minera Autlan for seven years and Industrias Penoles for five years. He is the former President of the Mexican Mining Chamber and the former President of the Silver Institute. Mr. Luna serves as Chairman of the Advisory Board of the Faculty of Mines at the University of Guanajuato and of the Mineral Resources Council in Mexico.
ON BEHALF OF THE BOARD
Dr. Alfredo Parra, COO
About Rochester Resources Ltd.:
Rochester represents a pure-play in the exploration and development of high-grade gold and silver properties located in Nayarit, Mexico. The Company is a niche player in Mexico which has assembled an attractive portfolio of properties in the Sierra Madre Occidental Range. This is the largest epithermal precious metal region in the world, hosting the majority of Mexico's large tonnage gold and silver deposits. Current production generates growing cash flow and helps fund our ongoing exploration and development with minimum share dilution.
Rochester is well positioned to advance its projects and can very quickly become a significant player in Mexico. Rochester has a strong senior management team based in Mexico, a workforce in place to advance its projects through to mine development, and strong financial backing to implement and advance our work programs.
Forward Looking Statements
This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. In addition, the Company has not conducted an independent feasibility study on the Mina Real project which may increase the risk that the planned operations are not economically viable. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
For more information, please contact
Empire Communications Inc.
Investor Information
(604) 484-0066
Email: info@rochesterresources.com
Website: www.rochesterresources.com
Click here to see all recent news from this company
Aber mit Sabina kein vergleich.
Optionen
| Boardmail an "Happydepot" |
Wertpapier: Rochester Resources |
560 oz Gold + 17289 oz Silber produziert, nur dies, ohne die besagten Steigerungen,
würde 560/2*12=3360 oz Gold, 17289/2*12=103734 oz Silber ergeben, Verkaufswert
bei 900 $ /oz Goldund 14$/oz Silber = 4,4 Mio $...und das bei einer
Martkapitalisierung von gerade mal 5,5 Mio EUR...dazu noch eine Produktionssteigerung
von Jan.bis April um 48% (5063 to statt 3407 to)...ich denke,da tut sich demnächst was,
obwohl die CANs auch noch vorsichtig sind...aber wenn es erst los geht, steht sie
wahrscheinlich wieder ein bisschen hoeher... Gruesse
Original-News:
Rochester Provides Operations Update at Mina Real
Tue Jun 2, 9:00 AM
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 2, 2009) - Rochester Resources Ltd. (TSX VENTURE: RCT.V)(OTCBB: RCTFF.OB)(FRANKFURT:R5I) is pleased to announce that operations at the Mina Real Property continue to show steady improvements. In early January 2009 the mill resumed operations and since then the Company has continued to see improvements in both mining and milling operations.
A total of 6,814 tonnes was processed for the months January and February 2009. Production during this period was 560 ounces of gold and 17,289 ounces of silver. Subsequent to the quarter end, operations continued to show improvement. During the month of March, 4,105 tonnes were processed through the mill, an increase of 20% over February, with head grades of 2.3 g/t gold and 299.4 g/t silver. During the month of April, 5,063 tonnes were processed through the mill, a further increase of 23% over March. April head grades were 1.7 g/t gold and 304 g/t silver.
To view accompanying Graph and Photo, please click on the following link: http://media3.marketwire.com/docs/Figures1and2.pdf
Concurrently the Company has been working on increasing the silver recovery rates. In April, 2009 the average recoveries for gold were 93.63% and 71.51% for silver, a substantial increase from previous months which were averaging 91.10% for gold and 54.51% for silver. This significant milestone from milling operations will help contribute in the future to reducing the Company's operating costs per ounce produced.
Development has continued mainly from the Tajos Cuates area, at three levels: Hundido, Chalata and Socavon. The Company is planning to have the majority of its mill feed come from the Tajos Cuates area over the coming months. In addition, the Company has developed over 630 metres of road access to the Macedo area with another 350 metres remaining to get to the first structure (Veta Rica). The Company will require further funding to fully implement its work plans. The Company is working on further financings to ensure the funds needed for the business plan are available.
Dr. Parra is currently the Company's in-house Qualified Person and QP Member of the Mining and Metallurgical Society of America with special expertise in Mining.
ON BEHALF OF THE BOARD
Eduardo Luna, President and CEO
About Rochester Resources Ltd.:
die Lupe zu nehmen:
Die 9,7 Mio.$ Miese der 3 Quartale vor Feb.2009 sind natürlich nicht schön,
jedoch sind davon 8 Mio$ allein Abschreibungen und "Disposition der Interessen
an Tochtergesellsch." (kann das mal jemand erklären?).
Nicht unschuldig waren wohl auch die Probleme bei Penoles, an die Rochester
liefert. Diese Probleme sollten aber seit Anfang Mai gelöst sein,sodaß
man wieder von steigender Normalität und Produktivität ausgehen darf.
Fakt ist jedoch folgendes:
Lt. TSX-Info liegt der Buchwert bei $0,6 / Aktie, aktueller Kurs ca. 0,2 $ (Tatsache!)
Produziert ........... oz Gold .......... oz Silber ......... to verarb.
Durchnittl. Monat in 2008........... 357 ........... 5587 ........... 2770
Feb. 2009 .......... 280(-22%) .......... 8644(+54%) ............. 3407(+23%)
März 2009 .......... 303(-15%) ............ 39518(+607%) ............4105(+48%)
April 2009 .......... 230(-36%) ........... 45057(+706%) .............4477(+61%)
Der Goldgehalt des Gestein hat wohl abgenommen,dafür hat Silber ordentlich zugelegt.
Die Verarbeitungsmenge der Mühle von 2770 to auf 4477 im April 2009 bedeutet eine
Steigerung um 61%.
Schon ohne Steigerung der Mühle (nach den April-Daten) könnte Rochester bis Ende des Jahres
4600 oz Gold und 142.000 oz Silber produzieren, also ca. 5992 oz Gold eq,
(Gold 2x280+336+9x413, Silber 2x8644+10372+9x12757),
bei VK 900 Gold und 14 Silber -> ca. 6,1 Mio $ (100% mehr als 2008)
D.h. der nächste Quartalsbericht sollte wieder ca. 2000 Gold eq aufweisen
(im Vergleich zu den 3 Monaten Dez.2008-Ende Feb.2009).
Rochester ist ein Junior-Produzent und kein reiner Explorer mehr, hat
jedoch weit über 90% der MK eingebüßt.
Hat jemand noch Anregungen hier?
ICH würde übrigens erst mal den Gestalter der Homepage von Rochester und
den Verantwortlichen für eMail-Beantwortungen feuern...die Pappnasen ;-)
Quellen:
(
http://cxa.marketwatch.com/TSX/en/Market/...?symb=RCT&sid=2101212
http://www.rochesterresources.com/Cache/Document_DocumentData_19.PDF
)
Thu Jan 21, 10:05 AM
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* Printable View
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 21, 2010) - Rochester Resources Ltd. (TSX VENTURE: RCT.V)(FRANKFURT:R5I) is pleased to provide an update from President and CEO Eduardo Luna.
Dear Shareholders;
After my first year as President and CEO of Rochester Resources Ltd., I am pleased to provide an update of the Company's accomplishments and progress made at our Mina Real Project in Mexico over the past year.
We are now beginning to achieve real success and have shown continuous improvements in all aspects of our operations over the last four months. I believe that our projects have the potential to develop into a world class mining asset.
We have spent the past year reorganizing our operations and re-prioritizing our efforts. Some of the achievements made over this past year have been:
- Operations are cash flow positive
- Over the past four months, silver and gold production measured as gold equivalent ounces has steadily increased while production cost per equivalent ounce of gold has been decreasing
- Silver recovery has increased from 49% to 70% on average; once product concentration in the Falcon system is further refined, recovery rates could reach over 80%
- We have assembled a first rate team of Mexican operating, technical and administrative staff.
- Over 8km of drift development has been completed at Tajos Cuates and Florida
- A new filtering system for mine tailings has been installed which allows us to fully meet our environmental obligations now and in the future
- The systematic underground development of Tajos Cuates will facilitate the definition of ore resources and allow longer term production planning
The Company recently announced the closing of a private placement of over $12.4 million which will be used to fund a systematic exploration and development program on the Company's two projects, Mina Real and Santa Fe.
We have two main objectives moving forward: firstly, to increase production to a level that will generate significant positive cash flow to allow Rochester to develop the entire district; and, secondly, but most importantly, to implement an aggressive exploration program consisting of both diamond drilling and drift development with the goal of generating significant NI 43-101 compliant resources from a number of sources.
Some of the key highlights of our 2010 work program will consist of:
Diamond drilling program:
- Planned 22000 metres of diamond drilling to be completed in 2010
- Approximately 5 km of access roads will be built to reach drill sites
- Approximately 15,000 samples will be taken and analyzed
Proposed Drifting Program:
- Florida: 2,530 m
- Tajos Cuates: 2,590 m
- Macedo: 1,550 m
- Mine infrastructure: 2,530 m
Regional geological studies:
- Systematic collection of more than 3,000 samples for geochemical analysis
- Continued structural studies by Dr. Tony Starling
- Regional geologic evaluation using satellite imaging technology
- A thorough program of Fluid Inclusions determinations to identify vectors within the vein structures towards most favourable areas for precious metal deposition
- Evaluation of geophysical techniques which may be applicable to assist in the regional exploration
Our first priority for exploration and development will be at Florida NW, where we have developed a crosscut to cut the continuity of the rich zones of the Florida I, II and III veins, NW from the intrusive. Florida NW has grades similar to those encountered in the Florida SE system. Expectations are that the potential average grade may be around 9 g/t gold and 250 g/t silver. We feel that this area will expose a number of faces and will enable us to increase our production accordingly.
Second, we will continue mining and development work at Tajos Cuates and Macedo, and will begin processing some of the higher grade mineralized material when additional production capacity is available. The Company continues to add to available mineralized material at Tajos Cuates with average grades of 2.5 Au g/t and 350 Ag g/t over widths of 1.2 to 3.5 m. The mill expansion, to 300 tonnes per day production capacity, is complete other than the acquisition and installation of liners for the new ball mill and the building of some piping and launders. It is anticipated that production at 300 tpd will be reached by mid 2010.
Third, a regional exploration drill program will begin at Florida, Macedo and Santa Fe with the goal of defining significant NI 43-101 compliant resources by late 2010 or early 2011.
Lastly, an exploration program to follow up on apparent similarities between the Mina Real District and the Bolanos District as suggested by Dr. Tony Starling will be carried out. One aspect of this is to examine the possibility that some of the Mina Real veins may change in character and grade with depth.
Now with the financial resources in place to execute our plans, the Company feels confident we have defined the proper short and medium term programs to execute effectively. The district has enough potential to turn potential resources into proven reserves and to take the operation to production rates significantly higher than current levels.
We expect to be in a position to finish the first stage of exploration and development, ramping up the plant to produce the targeted 26,000 gold equivalent ounces per year. The second stage expansion will be to continue increasing the production level up to 700 tonnes a day, with an annual target production of 56,000 to 60,000 gold equivalent ounces. This will be dependent on the outcome of the exploration. A full detailed exploration and development program outline will follow shortly.
The Company remains confident in the Mina Real Project and the potential of significant additional discoveries. This remains the goal of the Company, to fully develop the project area through a well funded, systematic exploration and development programs.
I would like to take this opportunity to thank all employees of Rochester Resources, for their hard work and dedicated service; in particular Dr. Alfredo Parra who is stepping down as COO and as a Director of the Company to pursue other opportunities; to our shareholders for their loyal support and patience; and to our directors and officers who have maintained strong belief and focus in what we are trying to accomplish. We look forward to a prosperous 2010 as we continue to explore and develop our projects and implement strategies to increase shareholder value.
Sincerely,
Eduardo Luna, President and CEO
About Rochester Resources Ltd.
Rochester represents a pure-play in the exploration and development of high-grade gold and silver properties located in Nayarit, Mexico. The Company is a niche player in Mexico which has assembled an attractive portfolio of properties in the Sierra Madre Occidental Range. This is the largest epithermal precious metal region in the world, hosting the majority of Mexico's large tonnage gold and silver deposits. Current production helps generate cash flow and helps fund our ongoing exploration and development. Rochester is well positioned to advance its Projects and can very quickly become a significant player in Mexico. Rochester has a strong senior management team based in Mexico, a workforce in place to advance its projects through to mine development, and strong financial backing to implement and advance our work programs.
Forward Looking Statements
This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. In addition, the Company has not conducted an independent feasibility study on the Mina Real project which may increase the risk that the planned operations are not economically viable. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts
Marc Cernovitch
Rochester Resources Ltd.
Director
647.203.7868
info@rochesterresources.com
www.rochesterresources.com
Rochester Commences Drill Program at Mina Real
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 19, 2010) - Rochester Resources Ltd. (TSX VENTURE:RCT)(FRANKFURT:R5I) is pleased to announce the Company has commenced an aggressive exploration and delineation drill program at the Mina Real Project in Nayarit, Mexico. The drill program will target three major vein systems at the Florida, Tajos Cuates and Macedo area with the goal of outlining economic resources to support its ongoing production.
The Mina Real Property is located at the Sierra Madre Occidental Range, which is the largest epithermal precious metal region in the world, hosting the majority of Mexico's large tonnage gold and silver deposits.
XPLOR (Exploraciones y Desarrollos Mineros, S.A. de C.V.) has been contracted to complete a drill program consisting of 102 drill holes over 21,915m at Mina Real.
Rochester plans to spend a total of US$7.2 million in 2010, to complete the drilling and drifting programs described herein, as well as to initiate other project development related activities, including preparation of a NI 43-101 compliant resource estimation.
A total of three drill rigs will be used for surface drilling and one for underground drilling. The program will be divided into five specific areas as follows:
Project / Area Metres
Tajos Cuates (Underground drilling) 3,130
Tajos Cuates (Exploration drilling) 2,570
Florida IV 1,800
Florida NW 4,650
Macedo 9,765
Total Drilling 21,915
The drill program will commence at the Florida NW area where the company will drill test 13 veins identified on surface up to 1.5 kilometres in length to the northwest of the intrusive at the Florida Mine. These veins are oriented parallel to the Florida Mine and previous surface work supports continuity of the vein system to the northwest of the post-mineral intrusive. The Company has strong expectations based on surface sampling to date which found mineralized material of similar grades to that mined at Florida in the past (approximately 9 grams/tonne gold and 250 grams/tonne silver).
Eduardo Luna, President and CEO, states, "The implementation of this drill program is going to help confirm the continuity of the Florida Mine high grade structures to the Northwest as well as enabling us to further accelerate and complement the development at the Tajos Cuates Mine and Macedo area."
ON BEHALF OF THE BOARD
Eduardo Luna, President and CEO
About Rochester Resources Ltd.
Rochester represents a pure-play in the exploration and development of high-grade gold and silver properties located in Nayarit, Mexico. The Company is a niche player in Mexico which has assembled an attractive portfolio of properties in the Sierra Madre Occidental Range. This is the largest epithermal precious metal region in the world, hosting the majority of Mexico's large tonnage gold and silver deposits. Current production helps generate cash flow and helps fund our ongoing exploration and development. Rochester is well positioned to advance its Projects and can very quickly become a significant player in Mexico. Rochester has a strong senior management team based in Mexico, a workforce in place to advance its projects through to mine development, and strong financial backing to implement and advance our work programs.
Forward Looking Statements
This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. In addition, the Company has not conducted an independent feasibility study on the Mina Real project which may increase the risk that the planned operations are not economically viable. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact
First Canadian Capital
416.742.5600 or Toll Free: 866.580.8891
info@rochesterresources.com
www.rochesterresources.com
Click here to see all recent news from this company
http://www.rochesterresources.com/RCTPPTFeb2010.pdf
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