Rokmaster intersects 565.76 g/t AgEq over 28.50 m, including 1,233.45 g/t AgEq over 5.30 m at Revel Ridge
Rokmaster intersects 565.76 g/t AgEq over
28.50 m, including 1,233.45 g/t AgEq over 5.30
m at Revel Ridge
VANCOUVER, BC
,
July 17, 2023
/CNW/ - Rokmaster Resources Corp. (TSXV: RKR) (OTCQB:
RKMSF) (FSE: 1RR1) ("Rokmaster" or "the Company") is pleased to announce the first set of assay
results and the completion of a diamond drilling program on the Revel Ridge Project ("Revel Ridge").
Figure 1 - Drill Plan Map (CNW Group/Rokmaster Resources Corp.)
Crews completed another phase of diamond drilling on the Revel Ridge Project in June. A total of
1,969 metres of diamond drilling were completed in nine drillholes (
Figure 1
), all of which
successfully reached the targeted mineralized zones. Assay results from the first three drillholes
(RR23-110 to RR23-112) as well as rushed assay results from drillholes RR23-114 and RR23-115
are presented below. The Company will release the remaining assays from this phase of drilling
when results are available.
Table 1: Revel Ridge 2023 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
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)
Drillhole RR23-115 was completed to obtain a more optimal intersection of the Yellowjacket Zone
("RRYZ") proximal to the 830 Portal. A series of drillholes completed from underground in 1990-
1991 by Equinox Resources are oriented to the northeast and essentially down-dip of the RRYZ.
This earlier drilling also did not intersect the Main Zone ("RRMZ") as a consequence of drilling
toward the northeast, leaving a large gap (~180 m) lacking drillhole intersections through the RRMZ
down-dip of the 830 Portal. As shown in Table 1 and
Figure 2
, RR23-115 encountered a wide
intersection of RRYZ as well as a strong RRMZ intersection which considerably improves the
understanding of the mineralization and geology in this area.
Drillhole RR23-114 was collared
930 m
northwest of the 830 Portal and cored a relatively strong
RRMZ approximately
150 m
down-dip of RR21-58. This intersection is important in the fact it is
~370 m to the northwest of the 2022 drilling which successfully extended the RRMZ at depth. It is
noted that all of the shallower 2021 drillholes to the northwest all encountered the Main Deformation
Zone ("MDZ"), the ductile deformation zone which hosts RRMZ sulphide mineralization. Drillhole
RR23-114 indicates that mineralization persists beyond the 2023 MRE in this area and that further
follow-up drill testing around it and at deeper levels along the entire drill-defined strike length (5.7
km) of the MDZ is warranted (
Figure 3
).
The first three drillholes (RR23-110, -111, and -112) of this phase of drilling were completed to the
southeast targeting the down-dip extension of the 2022 channel sampling on surface (see news
release dated
August 29, 2022
). All three drillholes successfully intersected the RRMZ and Au-Ag-
Pb-Zn grades in this area increased at depth (
Figure 3
). A notable feature of the deepest drillhole
from this set, RR23-112, is the occurrence of sphalerite mineralization within the RRMZ sulphides
where drillhole intersections and channel samples at higher elevations are endowed only with
arsenopyrite-gold mineralization. A similar situation is recorded to the northwest where sphalerite
mineralization is present in the deeper drillhole RR23-114 but is lacking in drillhole RR21-58 which
cored arsenopyrite-gold mineralization.
John Mirko, President and CEO, comments:
"The top-notch crews at Revel Ridge efficiently completed nearly
2,000 m
of drilling in 21 days of
drilling. The hard work paid off with this first batch of assays results recording very strong
mineralization in the Yellowjacket Zone in drillhole RR23-115, which will aid in future modelling of
the deposit. In addition, drillhole RR23-114 represents a significant extension of the RRMZ
370 m
to the northwest and the three drillholes completed to the southeast further exhibit the continuity of
the RRMZ and that grades in this area tend to increase at depth."
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
1
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 1. Rokmaster Resources News Release dated June 13, 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.
Figure 2 - Cross Section of RR23-115 (CNW Group/Rokmaster Resources Corp.)
Figure 3 - Longitudinal 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 04:00e 17-JUL-23