Business News
ROCA – Drilling Intersects New Molybdenum Zone at MAX and Drilling Commences at Foremore VMS-Gold Project
2008-08-12 18:53:00
ROK: TSX.V
VANCOUVER, Aug. 12 /EMWNews/ - Roca Mines Inc. (ROK:
TSX-V) ("Roca" or "the Company") reports that a possible new molybdenum
system has been discovered in close proximity to the recently completed
Adit #2 at the MAX Molybdenum Mine.
Drilling targeted a molybdenum biogeochemical anomaly with a surface
footprint of 150 metres (m) X 350 m and centered approximately 200 m north
of Adit #2. Two initial holes intersected a wide zone (over 100 m) of
intense silicification, hornfelsing, locally strong quartz veining and
pervasive sericite alteration with trace molybdenite throughout. Further
diamond drilling is planned from the Adit #2 area to test for a separate
molybdenum deposit on the east side of the Z Fault, or a faulted extension
of the MAX deposit itself.
While economically significant molybdenum values were not intersected
the geologic and near-surface expression of this new zone is reminiscent of
the MAX resource itself where the extent of a relatively minor molybdenite
mineralized zone on surface lies atop a large-scale mineralized deposit
currently being mined.
The anomaly was identified during a survey funded and conducted by the
Geological Survey of Canada's (GSC) Targeted Geoscience Initiative - 3
(TGI-3) in late 2007. This anomaly was not previously identified because it
lies beyond the historical limits of a soil-sampling grid and in an area
without previous drilling. A second geochemical anomaly was also discovered
approximately 350m southeast of the MAX deposit and a soil-sampling grid
will be established at that location to further define that target before
drilling.
Sampling and logging of the drill holes was conducted under the
supervision of David Melling, P.Geo., a qualified person as defined by
NI43-101. The sampling program included quality control procedures, in
addition to internal quality control at the assay laboratory, ACME
Analytical of Vancouver, BC an ISO 9001:2000 accredited laboratory.
Foremore Drilling Commences
The Foremore VMS-Gold (volcanogenic-massive-sulphide/gold) project is
located in northwestern British Columbia, 45 kilometres north of Barrick
Gold's Eskay Creek mine and 45 kilometers west of Hwy 37, mid-distance
along the road route to the large-scale Galore Creek project, being
developed by NovaGold Resources Inc. and Teck Cominco Ltd. Construction is
currently underway on the access road, which passes within 500 m of Roca's
camp.
Roca has previously completed prospecting, mapping, drilling and an
airborne survey of parts of the 100% owned property. Interpretation of the
airborne survey and all previous exploration data has led to the
identification of a number of priority drill targets at several locations
on the property, including the North More Creek VMS corridor, and the
Hanging Valley / SBF area.
North More Creek VMS Corridor
At the Ryder Area, VMS mineralization occurs as bands of massive
sulphide within a large envelope of intense alteration (including sodium
depletion), and massive sulphide mineralization in a thick (+200m) rhyolite
sequence below a basalt contact. Compilation of data from widely spaced
drill holes indicate that the mineralization/alteration is localized along
a NE-SW trend, traced over 1 km strike length, and open with grades
increasing to the SW. Initial drilling will include step outs from previous
massive sulphide intersections along this corridor.
At the BRT area, three-dimensional modeling of drill hole data
indicates that the gold & silver enriched massive sulphides, hosted in
altered basalt above the More Creek rhyolite, occur in a flattened pipe
like body that is open to depth below hole 03-04 (2.1m @ 22.8g/t Au,
1,561g/t Ag, 9.3%Pb/Zn, and hole 03-11 (4.3g/t Au, 56g/t Ag). Further
drilling is planned to test this zone down plunge.
Hanging Valley / SBF Area:
The South Boulder Field (SBF) is comprised of banded massive sulphide &
magnetite boulders, many of which are angular, up to 2 metres in size and
characterized by intense ankerite/dolomite alteration. In excess of 800
massive sulphide boulders were originally discovered by Cominco in the late
1980s. Cominco's assay results of 53 mineralized boulders at this location
averaged 9.4 per cent zinc (Zn), 1.7 per cent lead (Pb) and 102 grams per
tonne (g/t) silver (Ag). These results are reported in a 43-101 compliant
technical report on the Foremore project prepared by W.A. Sandy Sears,
P.Geo., and John J. Watkins, P.Geo., dated April, 2005.
Helicopter Airborne Magnetic surveys show several distinct anomalies,
including one with a coincident multi element soil geochemical anomaly, in
an area with very limited outcrop exposure and located immediately up-ice
from the boulder fields. Geological mapping has identified lithologies and
alteration similar to that hosting the massive sulphide boulders, and a
detailed Induced Polarization survey is now in progress to further refine
targets for drilling this year.
Scott Broughton, P.Eng. is the qualified person responsible for the
preparation of this news release.
ROCA MINES INC.
"Scott Broughton"
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Scott E. Broughton, P.Eng. - President & CEO
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
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