Rokmaster cores 5.82 g/t AuEq over 2.80 m and 1,238 g/t AgEq over 2.11 m at Revel Ridge
Rokmaster cores 5.82 g/t AuEq over 2.80 m
and 1,238 g/t AgEq over 2.11 m at Revel Ridge
VANCOUVER, BC
,
Aug. 8, 2023
/CNW/ - Rokmaster Resources Corp. (TSXV: RKR) (OTCQB:
RKMSF) (FSE: 1RR1) ("Rokmaster" or "the Company") is pleased to announce the final assay
results of the spring diamond drilling program on the Revel Ridge Project ("Revel Ridge"). Assay
results from drillholes RR23-113, RR23-116, RR23-117 and RR23-118 are presented below.
Drill Plan Map - Aug 2023 (CNW Group/Rokmaster Resources Corp.)
Table 1: Revel Ridge 2023 Additional Drillcore Assay Results
1-5
DDH
From (m)
To (m)
Length
(m)
AuEq g/t
Au g/t
Ag g/t
Pb %
Zn %
Zone
RR23-110
111.80
112.30
0.50
1.95
1.94
0.50
0.00
0.00
RRMZ
DDH
From (m)
To (m)
Length
(m)
AuEq g/t
Au g/t
Ag g/t
Pb %
Zn %
Zone
RR23-111
147.58
148.60
1.02
3.88
3.85
1.13
0.05
0.02
RRMZ
DDH
From (m)
To (m)
Length
(m)
AuEq g/t
Au g/t
Ag g/t
Pb %
Zn %
Zone
RR23-112
227.40
227.83
0.43
3.52
3.03
8.00
0.42
0.96
RRMZ
RR23-112
231.00
231.50
0.50
7.41
7.35
2.00
0.07
0.08
RRMZ
RR23-112
233.80
234.40
0.60
4.76
4.75
0.50
0.01
0.01
RRMZ
DDH
From (m)
To (m)
Length
(m)
AuEq g/t
Au g/t
Ag g/t
Pb %
Zn %
Zone
RR23-114
352.00
352.90
0.90
4.66
3.88
28.00
0.52
1.15
RRMZ
DDH
From (m)
To (m)
Length
(m)
AgEq g/t
AuEq g/t
Au g/t
Ag g/t
Pb %
Zn %
Zone
RR23-115
73.20
101.70
28.50
565.76
4.35
0.11
60.54
2.64
6.67
RRYZ
including
75.10
80.40
5.30
1,233.45
9.48
0.14
125.70
5.54
14.78
RRYZ
including
95.95
101.70
5.75
654.38
5.03
0.29
82.49
3.80
6.99
RRYZ
DDH
From (m)
To (m)
Length
(m)
AuEq g/t
Au g/t
Ag g/t
Pb %
Zn %
Zone
RR23-115
134.80
136.60
1.80
5.63
3.11
56.22
3.31
3.45
RRMZ
including
135.20
135.60
0.40
13.76
7.99
101.00
5.66
10.39
RRMZ
DDH
From (m)
To (m)
Length
(m)
AgEq g/t
AuEq g/t
Au g/t
Ag g/t
Pb %
Zn %
Zone
RR23-113
71.32
72.16
0.84
791.60
6.08
0.02
76.00
5.15
8.48
RRYZ
RR23-113
77.90
78.90
1.00
316.24
2.42
0.43
2.00
0.03
5.24
RRYZ
RR23-113
303.20
303.75
0.55
259.07
2.56
1.63
22.00
0.88
1.51
RRMZ
DDH
From (m)
To (m)
Length
(m)
AgEq g/t
AuEq g/t
Au g/t
Ag g/t
Pb %
Zn %
Zone
RR23-116
58.20
66.05
7.85
465.98
3.58
0.03
45.92
2.21
5.53
RRYZ
including
63.40
66.05
2.65
786.61
6.04
0.03
70.45
3.61
9.54
RRYZ
RR23-116
107.80
108.80
1.00
284.13
2.80
2.23
20.00
0.79
0.52
RRMZ
DDH
From (m)
To (m)
Length
(m)
AgEq g/t
AuEq g/t
Au g/t
Ag g/t
Pb %
Zn %
Zone
RR23-117
56.31
59.24
2.93
552.36
4.25
0.10
82.12
4.45
4.85
RRYZ
RR23-117
94.80
97.10
2.30
611.18
6.03
4.33
35.83
1.81
2.74
RRMZ
DDH
From (m)
To (m)
Length
(m)
AgEq g/t
AuEq g/t
Au g/t
Ag g/t
Pb %
Zn %
Zone
RR23-118
88.50
97.07
8.57
803.05
6.17
0.05
72.79
2.71
10.39
RRYZ
including
89.40
91.51
2.11
1238.02
9.53
0.13
169.63
5.58
14.10
RRYZ
RR23-118
109.84
113.15
3.31
642.76
4.94
0.11
81.01
4.03
6.67
RRYZ
RR23-118
157.55
160.35
2.80
589.65
5.82
3.46
47.04
3.64
2.92
RRMZ
Footnote
1. Reported widths of mineralization are drill hole intervals or core lengths recovered. Insufficient data exists to permit the calculation of true width of the reported
mineralized intervals.
Footnote 2. Mineralized Zone abbreviations: RRMZ: Revel Ridge Main Zone, RRYZ: Revel Ridge Yellowjacket Zone.
Footnote 3. AuEq and AgEq calculations use: Metal prices of Au US$1,750/oz, Ag US$22/oz, Pb US$0.95/lb, Zn US$1.26/lb;
Footnote 4. Main Zone process recoveries of Au 96%, Ag 85%, Pb 71%, Zn 70%; Yellowjacket Zone process recoveries of Au 86%, Ag 94%, Pb 88%, Zn 93%;
Footnote 5. RRMZ AuEq = Au g/t + (Ag g/t x 0.010) + (Pb% x 0.265) + (Zn% x 0.314); RRMZ AgEq = Ag g/t + (Au g/t x 101.478) + (Pb% x 26.933) + (Zn% x 31.847); RRYZ AuEq =
(Ag g/t x 0.008) + (Pb% x 0.310) + (Zn% x 0.457); RRYZ AgEq = Ag g/t + (Pb% x 40.588) + (Zn% x 59.737)
The spring 2023 drill program efficiently tested strike extensions of the Main Deformation Zone
("MDZ") which hosts semi-massive to massive sulphide mineralization comprising the Revel Ridge
Main Zone ("RRMZ")
Figure 1
. An ancillary goal of the drill campaign was to improve the
understanding in an area of the Revel Ridge Yellowjacket Zone ("RRYZ") while simultaneously
obtaining RRMZ intersections in a large gap of historical drilling. Previous results from this drill
program can be found in the Company's news release dated
July 17, 2023
which is highlighted by
drillhole RR23-115 with an intersection of 565.76 g/t AgEq over
28.50 m
in the RRYZ.
Drillholes RR23-115 to RR23-118 were directed to the southwest to pierce both the RRYZ and the
RRMZ more perpendicular to the orientation of the mineralized bodies. In this area of the deposit,
historical underground drillholes could only be drilled to the northeast and gave only a narrow
account of the RRYZ mineralization over ~180 m of strike length (
Figure 2
and
Figure 3
). The
historical drilling also did not encounter the RRMZ as a result of drilling toward the northeast, leaving
a large ~180 m x
120 m
un-tested gap of the RRMZ. These four shallow drillholes will substantially
improve the geological model through this area of the deposit and increase the confidence level of
both the RRYZ and RRMZ.
Drillholes RR23-113 and RR23-114 were collared
930 m
northwest of the 830 Portal and targeted
the down-dip extension of the MDZ. As previously reported, drillhole RR23-114 obtained an
important RRMZ intersection which occurs ~370 m to the northwest of the 2022 drillholes which
successfully extended the RRMZ at depth. Drillholes RR23-113 and RR23-114 represent the return
of sulphide mineralization, particularly sphalerite, within the MDZ at deeper levels to the northwest. It
is noted that the drillholes previously completed to the northwest all successfully intersected the
MDZ to define the minimum drill-defined strike length of 5.7 km (
Figure 4
). Further follow-up drill
testing around these drillholes and at deeper levels along the entire strike-length of the MDZ is an
exciting target and may add significantly to the current mineral resource estimate (see below) which
occupies only ~2.2 km of the known strike length of the structural system.
Drillhole RR23-113 also encountered a new discovery of zinc-lead-silver mineralization similar in style
to the RRYZ. Near the top of drillhole RR23-113, approximately
165 m
in the hangingwall of the
MDZ, semi-massive sphalerite-galena mineralization is hosted by a silicified limestone unit. These
intersections occur approximately
580 m
to the northwest of the closest RRYZ mineralization which
was encountered in drillhole RR22-99 (see news release dated
September 26, 2022
).
John Mirko, President and CEO, comments:
"This final batch of assay results from the spring drill program is further confirmation that the Revel
Ridge mineralized systems exhibit remarkable continuity with successful intersection over large
distances. The four shallow drillholes completed to refine the RRYZ encountered better than
expected mineralization and will go a long way to improving the understanding and confidence
level of the ounces in this area of the deposit.
Two drillholes completed to the northwest are large (~370 m) step-outs and intersected
mineralization that is highly encouraging for the RRMZ to continue at deeper levels. We also
discovered a new zone of RRYZ mineralization
580 m
to the northwest that requires additional
drilling to adequately test.
Rokmaster recently filed the technical report associated with the 2023 MRE (see Company
website) and encourages all those interested to review the document. It represents a detailed and
comprehensive account of the history, geology, mineralization, metallurgy, and infrastructure on
the Revel Ridge Project.
Work is progressing very well on the update to the preliminary economic assessment which will
incorporate the larger 2023 MRE, as well as substantially improved gold recoveries. The Company
expects to be able to deliver the results of the updated PEA in
September 2023
."
About Rokmaster
Rokmaster's flagship Revel Ridge Project is host to a high-grade gold and polymetallic orogenic
sulphide deposit which has been the subject of a PEA Technical Report dated
December 8, 2020
,
and an Updated Mineral Resource Estimate
6
on the Revel Ridge Property with an effective date of
June 6, 2023
. The 2023 drill program was designed to efficiently expand the volume of the Revel
Ridge Main Zone as defined by the 2023 Mineral Resource Estimate, which currently remains open
in all directions:
Measured & Indicated (M&I):
1.53 million
gold equivalent ("AuEq") Measured & Indicated (M&I)
ounces contained within 7.16 million tonnes with an average grade of 6.63 g/t AuEq.
Inferred (Inf):
1.49 million
AuEq ounces contained within 7.56 million tonnes at an average
grade of 6.11 g/t AuEq.
Footnote 6. Stone et al. 2023. Technical Report and Updated Mineral Resource Estimate of the Revel Ridge Polymetallic Property. NI 43-101 Technical Report dated July 28,
2023
Quality Assurance/Quality Control.
All drill core assay samples have been collected from ½ NQ
core, sawn with a diamond saw with the sample intervals marked by technical personnel. A full
QAQC program using blanks, standards and duplicates was utilized to monitor analytical accuracy
and precision. QAQC samples are submitted approximately at every 20th sample, or a minimum of
5% of the total sample stream. Appropriate standards are used to provide quality control information
on high grade and medium to low grade samples. A limestone blank is inserted after select samples
that have macroscale characteristics of higher-grade mineralization. Duplicate samples are repeat
analysis of designated primary sample pulps. The samples were sealed on site and shipped to
MSALABS in
Langley, British Columbia
. MSALABS is an ISO 17025 (Testing and Calibration
Laboratory) and an ISO 9001 (Quality Management System) Certified Laboratory. Drill core
samples were crushed to 2 mm and a 500-gram sub sample was pulverized with 85% of the sample
passing 75 microns. The sub-sample was analysed using a combination of MSALABS FAS211 for
Au and ICP–240 (4 acid digestion) for silver, base metals and other trace elements. FAS211 for
gold is an ore grade fire assay of a 50 g pulp with an AAS finish with a detection range between
0.01 and 100 ppm). ICP-240 utilizes four acid digestion and provides ore grade analytical data on
silver, base metals and 26 other elements.
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.
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: 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 vents or results or
otherwise.
Drill hole cross section - RR23-115 (CNW Group/Rokmaster Resources Corp.)
Drill hole cross section - RR23-118 (CNW Group/Rokmaster Resources Corp.)
Revel Ridge cross section (CNW Group/Rokmaster Resources Corp.)
SOURCE
Rokmaster Resources Corp.
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For further information:
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 03:00e 08-AUG-23