Rokmaster's Duncan Lake Zinc Project Geochem Results Interpreted
Rokmaster's Duncan Lake Zinc Project
Geochem Results Interpreted
TSXV: RKR
OTC Pink: RKMSF
FSE: 1RR
VANCOUVER
,
Nov. 14, 2018
/CNW/ - Rokmaster Resources Corp. (the "Company") is pleased to
announce that results have been tabulated and interpreted from a recently completed geochemical
soil sample survey, taken over a 4.5km long section of the Duncan anticline.
A total of 188 soil samples were obtained from the property in
July 2018
. The sampling program
was designed to further test favorable target horizons for silver-lead-zinc mineralization within the
Duncan Anticline. Sampling was conducted along contour lines and along short grid lines that cross
the favorable geology for a distance of 3.1km.
Soil samples were sent to MS Analytical Labs, an ISOMEK accredited laboratory with ISO 9001
certification, located in
Langley, BC
. The samples were analyzed for 39 elements by the lab's Ultra-
Trace level IMS-117 method with ICP-MS analysis.
Soil sampling returned significant elevated results for silver, lead, and zinc. These results roughly
define a trend of elevated metal values in soil within the southern and northern extents of sampling.
In particular, contour sampling that was completed to the south returned high lead and zinc values
over a sampling distance of 1.3km, with values typically in the 1000 to 5000 parts per million (ppm)
range, and including values over 10,000 ppm for lead and zinc (the laboratory upper limit for those
elements).
To the north, seven grid lines of approximately 300 metres length were sampled. Elevated lead and
zinc values were returned from two or more adjacent soil samples on six of these lines, indicating a
zone width of approximately 75 to 150 metres over the 700 metres of sampled length.
Silver values returned from soil sampling were mostly in the order of 0.01 to 1 ppm, with several
samples returning higher values up to 2.21 ppm associated with the higher lead and zinc values.
The soil sampling further outlines mineralized zones that were previously documented by workers of
the property. In particular, the southern contour line extends across mineralized zones No.1 and
No.2, whereas the northern grid sampling extends across mineralized zone No.3.
The results of the 2018 soil sampling program are highly encouraging and continue to produce
targets for further work.
Maps of the soil sample survey and rock sampling, with assay and geochemical results plotted, will
soon be posted on the Company website.
An excavator trenching and channel sampling program is being planned and permitted for the target
anomalies.
Corporate Updates
Non-Brokered Private Placement
The Company announces that it intends to complete a non-brokered private placement (the "Private
Placement") for proceeds of up to
$900,000
through the issuance of 9,000,000 units at a price of
$0.10
per unit (the "Units'). Each unit is comprised of one common share of the Company and one-
half (1/2) non-transferable common share purchase warrant. Each whole Warrant will entitle the
holder to purchase one additional share (a "Warrant Share") of the Company for a period of 18
months from the date of closing of the Private Placement at a price of
$0.18
per Warrant Share. The
Warrants will be subject to an accelerated expiry date, which comes into effect when the trading
price of the Company's common shares close at or above
$0.30
per share during any 10
consecutive trading day period on the TSX Venture Exchange commencing four months plus one day
after the date of issuance. In such an event, the Company will give an expiry acceleration notice (the
"Notice") to the Warrant holders and the expiry date of the Warrants will be 30 days from the date of
Notice.
The Private Placement and any finder's fees paid in connection with the Private Placement are
subject to TSX Venture Exchange approval. Furthermore and should the Private Placement be
oversubscribed, the Company reserves the right to accept additional funds, subject to regulatory
approval.
The Company may complete a portion of the Private Placement pursuant to the conditions described
in Multilateral CSA Notice 45-318 - Prospectus Exemption for Certain Distributions through an
Investment Dealer ("CSA 45-318") and the corresponding instruments, orders and rules
implementing CSA 45-318 in the participating jurisdictions (collectively with CSA 45-318, the
"Investment Dealer Exemption"). In addition to conducting the Financing pursuant to the Investment
Dealer Exemption, the Company will also accept subscriptions for units where other prospectus
exemptions are available, including from accredited investors. In accordance with the Investment
Dealer Exemption, the Company advises that, as at the date hereof, there is no material fact or
material change in respect of the Company that has not been generally disclosed. The Company
further advises that there is no minimum number of units being offered pursuant to the Private
Placement.
Marketing and Communications
The Company is pleased to announce it has retained Billington Publications Inc. ("Billington") to
provide communications and grow market awareness aimed at building the profile of Rokmaster
among existing and potential shareholders. Billington will also arrange and disseminate independent
research articles, with each article being reviewed and approved by the Company. The Company will
maintain editorial control to ensure published material is consistent between articles and the
Company's public disclosure filings on SEDAR. Billington is an arm's length consulting service
provider to the Company for an indefinite term and will be paid a contract fee of
$10,000.00
per
month, on a month to month basis. To the knowledge of the Company, Billington does not own any
of the Company's securities.
About Rokmaster Resources Corp.
Rokmaster is a
Vancouver
-based mineral exploration company with 100% ownership of the Duncan
Lake zinc-lead-silver Project in the prospective Kootenay Region of
British Columbia, Canada
. For
additional information on the Company and its properties, please visit the Company's website to
review maps, photos and other information,
www.rokmaster.com
or call (604) 632-9602.
The technical information contained in this news release was reviewed and approved by
Perry
Grunenberg, BSc.
, P. Geo., a consultant to the Company and a qualified person for the purposes of
National Instrument 43-101.
On behalf of the Board of Directors of
ROKMASTER RESOURCES CORP.
"John Mirko"
John Mirko
,
President & Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this 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. Information inferred from the
interpretation of drilling results may also be deemed to be forward-looking statements, as it
constitutes a prediction of what might be found to be present when and if a project is actually
developed. 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/November2018/14/c4760.html
%SEDAR: 00031923E
For further information:
John Mirko, 604-632-9602
CO: Rokmaster Resources Corp.
CNW 09:00e 14-NOV-18