Rokmaster Signs Definitive Agreement on the Hanson Property
Rokmaster Signs Definitive Agreement on the
Hanson Property
VANCOUVER, BC
,
May 20, 2025
/CNW/ - Rokmaster Resources Corp. (TSXV: RKR) (OTCQB:
RKMSF) (FSE: 1RR1) ("Rokmaster" or "the Company") is pleased to announce that further to its
news release on
March 31, 2024
, it has signed a definitive agreement (the "Agreement") for the
option to acquire 100% of the Hanson Property (the "Hanson Property") which adds to the Nechako
Project.
Nechako Project (CNW Group/Rokmaster Resources Corp.)
The Nechako Project now totals 27,178 hectares (271 km
2
) across three properties located in west-
central
British Columbia
. The Nechako region is an underexplored portion of the productive Stikine
terrane which hosts many past producing deposits and advanced development projects (
Figure 1
).
The
Hanson Property
is accessed from extensive logging roads in the 2018 Shovel Lake fire area
approximately 20 km north of the past producing Endako Molybdenum Mine. The Property is
situated near a major structural intersection with potential for three distinct periods of mineralizing
events: late Jurassic porphyry Mo, late Cretaceous porphyry Cu-Mo, and early Eocene porphyry Cu-
Au. The Hanson Property has been subject to multiple exploration programs since 1965. Significant
soil Mo-Cu anomalies at the Buckley and Wilson Zones were generated in 1973 by Endako Mines.
Shallow drilling of these anomalies, less than
155 m
in each drillhole, was delayed until 1977-1978.
Since then, rock samples with up 1.37% Mo, 1.79% Cu, and 0.10 g/t Au were been collected from
the Wilson Zone in 2015
1
and a 2012 airborne magnetic and ZTEM survey imaged geophysical
anomalies coincident with the older geochemical anomalies with very little follow-up work.
In the northern portion of the Hanson Property, a series of trenches, pits, and drillholes defined the
Cyr Zone in 1988-1990 with samples returning elevated concentrations of silver, gold, lead, and zinc
over broad intervals. Mineralization at the Cyr Zone is described to be related to a silicified quartz
feldspar porphyry unit hosting pervasive disseminated pyrite. Notably, the historical drilling at the Cyr
Zone did not penetrate deeper than
152.5 m
2
. Two mineral claims totaling of 75.5 hectares covering
the western Cyr Zone were recently acquired 100% royalty-free (
Figure 2
). A historical series of
shallow drillholes occur in the Cyr Zone and on the newly acquired claims:
Historical
Drillhole
2
Azimuth
Dip
Length
(m)
Significant Interval
RC8911
0
-90
100
0.22 g/t Au, 4.0 g/t Ag, 0.86% Zn, 0.18% Pb over 14.0 m (70.0 - 84.0 m)
RC8912
0
-90
100
0.34 g/t Au, 14.6 g/t Ag, 1.07% Zn, 0.48% Pb over 10.0 m
(54.0 - 64.0 m)
RC8913
0
-90
100
0.44% Zn over 22.0 m (78.0 - 100.0 m)
RC8917
0
-90
100
1.84 g/t Au, 80.0 g/t Ag, 0.62% Cu over 2.0 m (90.0 - 92.0 m)
RC8921
0
-90
100
0.72 g/t Au, 41.9 g/t Ag over 10.0 m
(2.0 - 12.0 m)
DH90-4
265
-58
152.5
23.9 g/t Ag over 30 m (48.0 - 78.0 m)
DH90-5
270
-45
93.0
0.29% Zn, 8.3 g/t Ag over 33.0 m (27.0 - 60.0 m)
Field work on the Nechako Project has commenced and will be ongoing throughout 2025. An
exploration permit application had been applied for the Hanson Property and the company
anticipates approval within the coming year.
John Mirko
, President and CEO, comments:
"The Hanson Property is a great addition to the Nechako Project where Rokmaster is assembling a
strong property position in a region with important historical and operating mines. Similar to the
Mystery and Fox-Coconut Properties, the Hanson Property has great geological potential and holds
a wealth of positive historical exploration data to build upon to develop robust targets. Field work
has begun on the Nechako Project and will continue throughout 2025 to efficiently prepare
compelling exploration drilling targets for significant Cu-Mo-Au-Ag mineralization in this favourable
district."
Terms of the Agreement:
To earn a 100% interest in the Property, the Company must complete the following:
(1) make an aggregate cash option payment of
$210,000
as follows:
$15,000
upon signing of the Agreement.
$25,000
on or before
April 1, 2026
;
$30,000
on or before
April 1, 2027
;
$60,000
on or before
April 1, 2028
;
$80,000
on or before
April 1, 2029
; and
(2) issue an aggregate of 3,600,000 Rokmaster shares as follows:
500,000 shares within 30 days of signing or receipt of regulatory approval;
500,000 shares on or before
April 1, 2026
;
600,000 on or before
April 1, 2027
;
1,000,000 on or before
April 1, 2028
; and
1,000,000 on or before
April 1, 2029
Upon commencement of commercial production on the Hanson Property, it will be subject to a 1.5%
NSR and one-half of which (0.75%) can be purchased by Rokmaster for
$750,000
.
Closing of the Hanson Property transaction is subject to receipt of all requisite regulatory approvals.
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.
Footnote 1: Paul, C. 2015. 2015 Assessment Report on the Hanson Property. Stone Ridge Exploration Corp. BC Assessment Report Database #35776.
Footnote 2: Chapman, J.A. 1989. Exploration Report Reverse-Circulation Drill Program 1989. Cazador Explorations Limited. BC Assessment Report Database #19155. Twyman,
M.P. 1991. Hanson Lake Project Diamond Drilling Program 1990. Cazador Explorations Limited. BC Assessment Report Database #21187.
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.
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: receipt of regulatory
approval with respect to the Hanson Property transaction; 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.
Hanson Property (CNW Group/Rokmaster Resources Corp.)
SOURCE
Rokmaster Resources Corp.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/May2025/20/c6618.html
%SEDAR: 00031923E
For further information:
For more information please contact Mr. John Mirko, President & CEO of
Rokmaster Resources Corp., [email protected], Ph. +1(604)290-4647 or by website:
www.rokmaster.com; For shareholder information please contact: Mike Kordysz,
[email protected], Ph. +1(604)319-3171
CO: Rokmaster Resources Corp.
CNW 06:00e 20-MAY-25