Rochester Commences Drill Program at Mina Real
February 19 2010 - 7:00AM
Marketwired
Rochester Resources Ltd. (TSX VENTURE: RCT)(FRANKFURT: R5I) is
pleased to announce the Company has commenced an aggressive
exploration and delineation drill program at the Mina Real Project
in Nayarit, Mexico. The drill program will target three major vein
systems at the Florida, Tajos Cuates and Macedo area with the goal
of outlining economic resources to support its ongoing production.
The Mina Real Property is located at the Sierra Madre Occidental
Range, which is the largest epithermal precious metal region in the
world, hosting the majority of Mexico's large tonnage gold and
silver deposits.
XPLOR (Exploraciones y Desarrollos Mineros, S.A. de C.V.) has
been contracted to complete a drill program consisting of 102 drill
holes over 21,915m at Mina Real.
Rochester plans to spend a total of US$7.2 million in 2010, to
complete the drilling and drifting programs described herein, as
well as to initiate other project development related activities,
including preparation of a NI 43-101 compliant resource
estimation.
A total of three drill rigs will be used for surface drilling
and one for underground drilling. The program will be divided into
five specific areas as follows:
------------------------------------------------------------
Project / Area Metres
------------------------------------------------------------
------------------------------------------------------------
Tajos Cuates (Underground drilling) 3,130
------------------------------------------------------------
Tajos Cuates (Exploration drilling) 2,570
------------------------------------------------------------
Florida IV 1,800
------------------------------------------------------------
Florida NW 4,650
------------------------------------------------------------
Macedo 9,765
------
------------------------------------------------------------
Total Drilling 21,915
------------------------------------------------------------
The drill program will commence at the Florida NW area where the
company will drill test 13 veins identified on surface up to 1.5
kilometres in length to the northwest of the intrusive at the
Florida Mine. These veins are oriented parallel to the Florida Mine
and previous surface work supports continuity of the vein system to
the northwest of the post-mineral intrusive. The Company has strong
expectations based on surface sampling to date which found
mineralized material of similar grades to that mined at Florida in
the past (approximately 9 grams/tonne gold and 250 grams/tonne
silver).
Eduardo Luna, President and CEO, states, "The implementation of
this drill program is going to help confirm the continuity of the
Florida Mine high grade structures to the Northwest as well as
enabling us to further accelerate and complement the development at
the Tajos Cuates Mine and Macedo area."
ON BEHALF OF THE BOARD
Eduardo Luna, President and CEO
About Rochester Resources Ltd.
Rochester represents a pure-play in the exploration and
development of high-grade gold and silver properties located in
Nayarit, Mexico. The Company is a niche player in Mexico which has
assembled an attractive portfolio of properties in the Sierra Madre
Occidental Range. This is the largest epithermal precious metal
region in the world, hosting the majority of Mexico's large tonnage
gold and silver deposits. Current production helps generate cash
flow and helps fund our ongoing exploration and development.
Rochester is well positioned to advance its Projects and can very
quickly become a significant player in Mexico. Rochester has a
strong senior management team based in Mexico, a workforce in place
to advance its projects through to mine development, and strong
financial backing to implement and advance our work programs.
Forward Looking Statements
This Company Press Release contains certain "forward-looking"
statements and information relating to the Company that are based
on the beliefs of the Company's management as well as assumptions
made by and information currently available to the Company's
management. Such statements reflect the current risks,
uncertainties and assumptions related to certain factors including,
without limitations, competitive factors, general economic
conditions, customer relations, relationships with vendors and
strategic partners, the interest rate environment, governmental
regulation and supervision, seasonality, technological change,
changes in industry practices, and one-time events. In addition,
the Company has not conducted an independent feasibility study on
the Mina Real project which may increase the risk that the planned
operations are not economically viable. Should any one or more of
these risks or uncertainties materialize, or should any underlying
assumptions prove incorrect, actual results may vary materially
from those described herein.
Neither 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.
Contacts: First Canadian Capital 416.742.5600 or Toll Free:
866.580.8891 info@rochesterresources.com
www.rochesterresources.com
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