Rokmaster acquires zinc-lead-silver property
Rokmaster acquires zinc-lead-silver property
TSXV: RKR
VANCOUVER
,
Sept. 28, 2017
/CNW/ - Rokmaster Resources Corp. ("Rokmaster" or the "Company") is pleased to announce that it has
acquired by way of a Property Purchase Agreement (the "Acquisition"), a 100% interest in 11 mineral claims (the "Property") totaling 620 hectares
south of and adjacent to, its Duncan Lake Zinc Project. The Property forms part of the Company's
Duncan South Area
which now covers over
12km of important southerly extensions of both limbs of the Duncan Anticline, where it comes to surface. Documented historical mineral
occurrences located on the Property include the No. 1, No. 2, No. 3 and VIN Zones. A persistent zone of zinc-lead mineralization up to 3m thick,
30m high and exposed for 90m along strike in an old adit is reported to average 6.36% zinc and 2.46% lead across 1.13m width over the entire
length of the zone.* Prospecting for silver and gold enriched silicified zones in the hanging wall of the zinc-lead zone has commenced along a 5km
portion of the trend north of the No. 1 Zone.
Terms of the Acquisition include a share payment of 450,000 shares of the Company's stock and a 2.5% Net Smelter Return Royalty ("NSR") in
favor of the arms-length seller. The NSR is subject to a buy-back provision providing the Company with the exclusive option, at any time if it so
chooses, to purchase 1% NSR upon payment of
$500,000
and the remaining balance of 1.5% NSR upon payment of an additional
$500,000
.
The Acquisition is subject to the approval of the TSX Venture Exchange.
The Company is also pleased to announce it will be exhibiting from
November 8 to 9, 2017
at the Minerals South Convention to be held at the
Heritage Inn Convention Centre located in
Cranbrook, B.C.
,
Canada
. Immediately after the convention, Rokmaster will be hosting a tour of its
Duncan Lake Zinc Project on
November 10, 2017
. Parties interested in participating shall meet at the Cooper Creek Gas Station at
1:00 PM
where transportation of those without a 4X4 vehicle will be provided. Please RSVP your attendance before
October 31, 2017
by email to
or by phone at (604) 632-9602.
*(Duncan No.1. MINFILE No. 082K SE019, "Berens River Mines Annual Report, 1952")
R.A. (Bob) Lane
, M. Sc., P. Geo., a consulting geologist, is a Qualified Person as defined by National Instrument 43-101
Standards of
Disclosure for Mining Projects
and has reviewed and approved of the technical disclosure in this news release.
On behalf of the Board of Directors of
ROKMASTER RESOURCES CORP.
"John Mirko"
John Mirko
, President & Chief Executive Officer
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) nor any other regulatory
authority accepts responsibility for the adequacy or accuracy of this release.
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 events or results or otherwise.
SOURCE
Rokmaster Resources Corp.
View original content: http://www.newswire.ca/en/releases/archive/September2017/28/c1856.html
%SEDAR: 00031923E
For further information:
on the Company and its properties, please visit the Company's website www.rokmaster.com or call (604) 632-9602.
CO: Rokmaster Resources Corp.
CNW 09:00e 28-SEP-17