Rokmaster Intersects 26.20 metres of 4.53 g/t AuEq, including 3.30 metres of 10.09 g/t AuEq at Revel Ridge
Rokmaster Intersects 26.20 metres of 4.53 g/t
AuEq, including 3.30 metres of 10.09 g/t AuEq
at Revel Ridge
VANCOUVER, BC
,
March 29, 2021
/CNW/ - Rokmaster Resources Corp. (TSXV: RKR) (OTCQB:
RKMSF) (FSE: 1RR1) ("Rokmaster" or the "Company") is pleased to present assay results of
diamond drill holes RR20-12 to RR21-33 from its ongoing drill program at the Revel Ridge Project.
Results demonstrate the remarkable continuity of structurally controlled gold-polymetallic
mineralization in the Revel Ridge Main Zone ("RRMZ") over a 1.2 kilometre vertical and more than
1.2 kilometre horizontal distance, with significant silver-zinc grades in an expanding Revel Ridge
Yellowjacket Zone ("RRYZ").
Highlights & Update:
Successful RRMZ intercepts over broad step outs beyond current resource
4.53 g/t AuEq over
26.20 m
in hole RR21-28
incl.
10.09 g/t AuEq over
3.3 m
3.18 g/t AuEq over
10.88 m
in hole RR20-16
incl.
7.14 g/t AuEq over
1.48 m
2.05 g/t AuEq over
12.70 m
in hole RR21-25
incl.
3.83 g/t AuEq over
2.62 m
3.41 g/t AuEq over
8.18 m
in hole RR20-14
incl.
8.95 g/t AuEq over
2.93 m
3.16 g/t AuEq over
7.63 m
in hole RR21-22
incl.
7.79 g/t AuEq over
2.62 m
Significant expansion of known RRYZ silver-zinc mineralization
2.60 g/t AuEq or 197.3 g/t AgEq over
9.92 m
in hole RR21-28,
750 m
from previously
known RRYZ mineralization.
5.93 g/t AuEq or 450.4 g/t AgEq over
2.90 m
in hole RR20-18,
200 m
from previously
known RRYZ mineralization.
Drilling continues – additional assay results pending
Mineralization remains open at depth and on strike for all zones
John Mirko
, President and CEO of Rokmaster Resources commented, "With 85% of drill holes
intercepting above-threshold NSR gold equivalent grades, with both impressive widths and over
broad step outs, we're pleased to see that the data supports the potential expansion of our known
gold equivalent resource. What's further impressive is we've now confirmed this portion (tested from
existing underground workings only) of RRMZ mineralization over 1.2 kilometre vertical and
horizontal distances. With on-strike surface occurrences suggesting the zones could continue for
eight to nine kilometres, our confidence in continuing to successfully intercept high-grade
mineralization grows as we learn more about these deposits."
Since late last September, Rokmaster has completed 35 diamond drill holes (the majority of which
are located outside of the current resource) in the 2020 and 2021 programs to date, totalling
13,448
m
of NQ™ sized drill core. The plan map illustrating the locations of all of the drillholes collared to
date in the 2020 and 2021 programs is presented on the digital link
Figure 1. Plan View Collar Locations
,
the block model diagram showing the location of all drillholes
completed in 2020 and 2021 is presented on the digital link
Figure 2. RRMZ Block Model
, and the
Inclined Long Section showing 2020-2021 drill hole locations is presented on the digital link
Figure 3.
RRMZ inclined Longitudinal Section
.
Figures 1, 2 and 3 are also available on
www.rokmaster.com/projects/revel-ridge/
The results obtained from 21 drillholes, RR21-12 to RR21-33, are documented in this press
release.
1, 2.
These drillholes tested a large volume of the RRMZ over a strike length exceeding
1,200 m
. The results of these drillholes are compiled on Table 1. The significance of these results is
summarized here:
1
.
Rokmaster drilling undertook broad step outs, with 85% of holes intercepting above-
threshold grades:
Out of 21 drillholes, 18 (85%) cut gold-equivalent grades and widths in drill
core which would meet the threshold of contributing to the gold equivalent net resource, using
the NSR cut-off grades as documented in the 2020 PEA Technical Report filed on SEDAR
(Rokmaster NR dated
December 8, 2020
). This observation is even more significant as the
drillholes targeting the RRMZ utilized broad step outs averaging
82 m
to a maximum of
130 m
between pierce points throughout the RRMZ.
2
.
Significant zinc-silver mineralization was encountered
750 m
southeast of the
historically defined RRYZ:
Strong, thick, RRYZ silver-zinc rich mineralization has re-
emerged. This is particularly true with respect to DDH RR21-28 which cut a drill indicated
width of
9.92 m
of 2.6 g/t AuEq or 197.17 g/t AgEq in the newly discovered extension of the
RRYZ and is followed by a superb RRMZ intersection of
26.2 m
of 4.54 g/t AuEq or 344.17 g/t
AgEq. Strong RRYZ style mineralization is developing
750 m
to the southeast of the original
silver rich RRYZ zone discovered in 1991. A zinc-silver intersection obtained from DDH RR21-
25 has some similarities in the alteration and sulphide mineralogy to the thicker silver-zinc
rich intersection obtained in RR21-28. The two intersections are separated by a distance of
100 m
and with the zone remaining open along the north directed plunge line. It is
unequivocal, that new mineralized zones are being, and remain to be discovered, at Revel
Ridge.
3
.
Mineralization continues to exhibit remarkable continuity:
Within the RRMZ the current
technical data again suggests that the intensity of the deformation zone and the mineralogy
and grade of mineralization is remaining remarkably consistent over long vertical distances,
with DDH RR21-14 coring
2.93 m
of 8.95 g/t AuEq. The intersection obtained in DDH RR21-30
is approximately
1.2 kms in elevation
below the mineralized surface trace of the RRMZ
Mineralization. Preliminary technical data may suggest that gold grades when viewed as
grade thickness profiles are increasing to the northwest.
4
.
Rokmaster has successfully expanded the area of known mineralization:
The location of
the 2020 to 2021 drillholes in the Rokmaster drill program are outlined on the attached
Figure 2. RRMZ 3-D Block Model
, also available at
www.rokmaster.com
. The data
convincingly demonstrates that the Rokmaster drill program has successfully tested larger
volumes of mineralized rock, in a shorter period of time, than at any period in the 115-year
exploration history of the Revel Ridge deposit.
Table 1. Summary of the Selected Assay Results of Revel Ridge Main Zone Mineralization
DDH
From
(m)
To
(m)
Length
(m)
Au
g/t
Ag
g/t
Pb
%
Zn
%
Zone
AuEq
g/t
AgEq
g/t
RR20-12
337.30
341.90
4.60
2.67
17.96
0.92
1.51
RRMZ
3.98
including
339.88
340.93
1.05
11.29
77.00
3.96
6.03
RRMZ
16.71
and
358.50
362.30
3.80
3.72
7.99
0.14
0.24
RRFW
3.99
including
358.50
359.45
0.95
12.94
9.00
0.13
0.51
RRFW
13.35
RR20-13
Hole Abandoned due to extreme azimuth deviation
RR20-14
250.00
251.75
1.75
8.85
11.50
0.38
0.81
RRHW
9.53
including
250.00
250.70
0.70
21.77
28.00
0.95
2.00
RRHW
23.46
and
305.82
314.00
8.18
2.15
15.54
0.51
1.83
RRMZ
3.41
including
305.82
308.75
2.93
5.73
36.77
1.36
4.69
RRMZ
8.95
and including
305.82
306.35
0.53
10.84
141.00
5.58
7.59
RRMZ
18.48
RR20-15
407.43
410.10
2.67
7.34
63.20
3.943
2.87
RRMZ
11.10
RR20-16
259.50
270.38
10.88
0.93
23.10
1.10
3.22
RRMZ
3.18
including
259.50
263.45
3.95
0.08
40.84
2.01
5.82
RRMZ
4.15
and including
267.90
269.38
1.48
5.80
20.13
0.80
1.61
RRMZ
7.14
and
285.38
289.20
3.82
3.78
15.31
0.28
0.97
RRFW
4.55
including
288.55
289.20
0.65
10.80
43.00
1.44
5.56
RRFW
14.55
RR20-18
264.20
267.10
2.90
0.08
44.57
2.64
8.98
RRYZ
5.93
450.4
and
343.55
347.50
3.95
2.88
26.58
0.96
2.05
RRMZ
4.58
including
347.05
347.50
0.45
19.67
0.50
0.05
0.01
RRMZ
19.70
RR20-19
330.35
337.30
6.95
2.78
3.50
0.17
0.47
RRFW
3.11
including
330.35
330.80
0.45
39.25
29.00
1.81
6.08
RRFW
43.21
RR20-20
358.70
361.11
2.41
2.81
19.57
0.96
4.34
RRMZ
5.49
including
359.73
361.11
1.38
4.33
31.94
1.49
7.45
RRMZ
8.84
RR21-21
441.40
443.50
2.10
2.08
23.10
1.28
3.19
RRMZ
4.39
RR21-22
472.22
479.85
7.63
2.40
7.91
0.30
1.15
RRMZ
3.16
including
472.22
474.84
2.62
5.74
19.58
0.81
3.14
RRMZ
7.79
RR21-23
526.05
527.05
1.00
7.22
4.00
0.32
0.41
RRMZ
7.59
RR21-25
385.60
398.30
12.70
0.71
9.51
0.36
2.29
RRMZ
2.05
including
385.60
395.12
9.52
0.70
10.92
0.41
2.79
RRMZ
2.32
and including
392.50
395.12
2.62
0.05
10.62
0.49
7.36
RRMZ
3.83
RR21-26
386.70
388.80
2.10
4.29
33.43
0.69
0.44
RRMZ
5.21
RR21-28
382.20
392.12
9.92
0.06
19.04
1.34
3.73
RRYZ
2.60
197.3
including
387.50
392.12
4.62
0.12
37.67
2.66
6.83
RRYZ
4.88
370.4
and including
387.50
388.50
1.00
0.34
116.00
8.94
17.48
RRYZ
13.63
1035.5
and
425.10
451.30
26.20
1.73
14.38
0.75
4.95
RRMZ
4.53
344.3
including
425.60
428.90
3.30
5.11
15.50
0.68
9.61
RRMZ
10.09
766.4
and including
449.50
451.30
1.80
12.93
19.67
0.56
0.50
RRMZ
13.65
1036.6
RR21-29
299.53
302.73
3.20
4.88
13.89
0.54
0.40
RRMZ
5.46
including
299.53
300.23
0.70
19.67
19.00
0.92
0.42
RRMZ
20.48
RR21-30
541.85
545.85
4.00
0.88
26.95
2.00
2.42
RRMZ
3.17
including
542.85
543.65
0.80
4.24
105.00
8.11
9.03
RRMZ
13.09
RR21-31
334.05
336.45
2.40
1.71
43.49
2.98
3.29
RRMZ
5.02
RR21-32
348.85
351.00
2.15
0.10
23.77
1.08
5.82
RRMZ
3.57
and
428.00
431.90
3.90
1.31
12.00
0.61
2.96
RRYZ
3.10
RR21-33
349.35
355.22
5.87
2.65
21.19
0.21
0.01
RRMZ
3.02
including
353.30
355.22
1.92
4.76
50.48
0.46
0.03
RRMZ
5.62
Reported widths of mineralization are drill hole intervals or core length recovered. Insufficient data
exists to permit the calculation of true widths of the reported mineralized intervals.
*The metal values used in the gold equivalent calculations of
US$1,561
/oz Au,
US$20.55
/oz silver,
US$0.91
/lb lead and
US$1.07
/lb zinc, are based on the consensus average long-term price
forecasts published by a major commercial bank at the end of October, 2020, as per the Technical
Report, with an effective date of
December 8, 2020
by Micon International Limited, entitled: An
Updated Preliminary Economic Assessment Of The Revel Ridge Project,
Revelstoke, BC
,
Canada
,
for Rokmaster Resources Corp. The formula used to calculate gold equivalence for the RRMZ and
RRFZ is: AuEq = Au g/t + (Ag g/t x 0.013) + (Pb% x 0.4) + (Zn% x 0.47). The formula used to
calculate silver equivalence for the RRYJ is: AgEq = Ag g/t + (Au g/t x 75.96) + (Pb% x 30.3) +
(Zn% x 35.6).
Quality Assurance/Quality Control.
Dr.
Jim Oliver
, P. Geo., supervised all aspects of the drilling
and sampling undertaken in the 2020 underground diamond drill program. All 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. The samples were sealed on site and shipped to MSA
Labs in
Langley, British Columbia
. MSA is an ISO 17025 (Testing and Calibration Laboratory) and
an ISO 9001 (Quality Management System) Certified Laboratory. Core samples were crushed to 2
mm and a 250 gram sub sample was pulverized with 85% of the sample passing 75 microns. The
sub sample was analysed using a combination of MSA Labs 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 30 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.
Footnotes:
1
.
DDH RR21-13 is excluded from this press release. The drill hole was abandoned well short of
its proposed target depth due to excessive borehole deviation and is excluded from Table 1.
2
.
An NSR value of approximately
$125
over a width of
2.5 m
was the criteria used in
determining whether a drillhole had a reasonable potential of contributing to the net gold
equivalent resource. DDH's RR21-17, RR21-24 and RR21-27 do not meet that criteria and are
excluded from Table 1.
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
Mark Rebagliati
, P. Eng., FEC, who is independent of Rokmaster.
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 events or results or
otherwise.
SOURCE
Rokmaster Resources Corp.
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For further information:
please contact Mr. John Mirko, CEO of Rokmaster Resources,
[email protected], Ph. 1-604-290-4647 or the Company's website: www.rokmaster.com
CO: Rokmaster Resources Corp.
CNW 06:00e 29-MAR-21