Rokmaster Outlines Advancements Planned for Revel Ridge
Rokmaster Outlines Advancements Planned
for Revel Ridge
VANCOUVER, BC
,
April 12, 2023
/CNW/ - Rokmaster Resources Corp. (TSXV: RKR) (OTCQB:
RKMSF) (FSE: 1RR1) ("Rokmaster" or "the Company") is pleased to announce that engineering
work by Ausenco Services Pty Ltd. to update the preliminary economic assessment ("PEA") on the
Revel Ridge Project ("Revel Ridge" or "the Project") is advancing well and that the PEA will also
incorporate an updated mineral resource estimate ("MRE") on the Project.
Longitudinal Section - Revel Ridge - April 2023 (CNW Group/Rokmaster Resources Corp.)
The Company is also pleased to announce that the 2023 drill program on Revel Ridge will
commence shortly, and will include multiple drill targets designed to return to areas where the
successful 2022 exploration program defined enhanced mineralization in the Revel Ridge Main Zone
("RRMZ").
Southeastern Extension
To explore for additional resources using wide step-outs, Rokmaster will drill to test the area
between the down-dip extension of the 2022 channel sampling and the Zinc Creek Showing in the
2023 drill program (
Figure 1
).
Northwestern Extension
A new zone of strong RRMZ (developed on a favourable contact) was discovered in 2022 after
targeting deeper portions of the RRMZ below drillholes completed earlier in 2021. The new zone is
highlighted by drillholes RR22-102a and RR22-101 in
Figure 1
. Drilling is planned to further test this
area in the 2023 drill program.
Depth Extension
The recognition that the RRMZ is fundamentally a unique orogenic gold system that has significant
potential at depth has allowed Rokmaster to complete broad-spaced drilling to consistently intersect
the RRMZ during previous drill programs. Coarse visible gold mineralization was discovered in some
of the deeper drillholes completed by Rokmaster, which has important metallurgical and geological
implications (see
press release dated
June 7, 2021
). Drill targets will investigate deeper regions of
the deposit where favourable structural, lithological, and particulate gold features are indicated.
John Mirko
, President and CEO, comments,
"
The team soundly advanced the Revel Ridge Project in
2022 by continuing the strategy of rapid resource expansion. We aim to maintain this approach with
the 2023 drill program set to begin soon and following on the success of past programs.
The deposit remains open in all directions and Rokmaster will continue pushing the envelope of the
mineralized volume of the RRMZ with the potential to discover exciting new zones of Yellowjacket or
coarse gold mineralization.
We are looking forward to the results of the updates to the MRE and the PEA and will release the
results as soon as available."
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.
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 a Technical Report of an Updated NI 43-101 Mineral Resource Estimate
1
on the Revel Ridge
Property, dated
January 17, 2022
. The 2023 drill program is designed to efficiently expand the
volume of the Revel Ridge Main Zone as defined by the updated Mineral Resource Estimate, which
currently remains open in all directions:
Measured & Indicated (M&I):
1.36 million
gold equivalent ("AuEq") Measured & Indicated (M&I)
ounces contained within 6.73 million tonnes with an average grade of 6.27 g/t AuEq.
Inferred (Inf):
1.22 million
AuEq ounces contained within 6.00 million tonnes at an average
grade of 6.33 g/t AuEq.
Footnote 1. (Technical Report and Updated Mineral Resource Estimate of the Revel Ridge Polymetallic Property Revelstoke Mining Division, British Columbia, Canada, William
Stone, Ph.D., P.Geo. Fred Brown, P.Geo. Jarita Barry, P.Geo. David Burga, P.Geo. Eugene Puritch, P.Eng., FEC, CET Stacy Freudigmann, P.Eng. F.Aus.IMM. P&E Mining
Consultants Inc. Report 411 Effective Date: November 15, 2021 Signing Date: January 17, 2022 filed on SEDAR.)
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.
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 12-APR-23