VANCOUVER, BC, Oct. 1, 2024
/CNW/ - Rokmaster Resources Corp. (TSXV: RKR) (OTCQB: RKMSF)
(FSE: 1RR1) ("Rokmaster" or "the Company") is pleased to announce
assay results from the excavator trenching program completed in
July 2024 on its Fox-Coconut
Property.
The Fox-Coconut Property and the Mystery Property are the
eastern and western portions, respectively, of the two properties
which constitute the Nechako Project located in west-central
British Columbia. The road
accessible Fox-Coconut Property and its region is host to excellent
infrastructure being located 20 kilometers southwest of the Endako
Mine and with active forestry operations ongoing in the area
(Figure 1). The Fox Showing was discovered by detailed and
persistent prospecting in 2013 and subsequent sampling including
hand-trenching and channel sampling completed in 20141.
In July 2024, the excavator
trenching program completed a total of 366.6 linear meters of
channel and composite sampling in shallow trenches2,5.
Work focussed around the C Zone and B Zone where both zones
returned high-grade gold and silver results from previous sampling
by Kootenay Resources. In addition, both C Zone and B Zone
exhibited highly crystalline white mica in spectral samples
collected in June 2024 by
Rokmaster.
Highlights from the 2024 excavator trenching program are
presented in Table 1 below and shown in Figure 2:
Mineralization throughout the Fox Showing consists of a series
of structurally controlled gold and silver bearing epithermal
quartz veins, breccias, and stockworks hosted by felsic volcanic
rocks of the Ootsa Lake Group. Channel samples collected beyond the
southern limit of the C Zone returned up to 4.95 g/t Au and 1,001
g/ Ag, or 16.5 g/t AuEq3, over 1.0 m. A composite sample collected at the end of
the trench, approximately 50 m west
of the B Zone, returned 2.68 g/t Au over 3.2
m. Approximately 23 m east of
the A Zone, a newly exposed series of quartz veins returned 3.57
g/t Au, 368 g/t Ag, or 7.82 g/t AuEq, over 1.0 m.
The eastern portion of the Fox-Coconut Property holds high
potential for porphyry-style mineralization with elevated
copper-molybdenum values in a region of strong propylitic
alteration surrounding unmapped quartz feldspar porphyry and
monzonite bodies. There is also a recently discovered showing of
subcropping boxwork quartz-limonite veining which returned up to
7.27 g/t Au and 5,388 g/t Ag in grab samples collected in
20194. An exploration permit for trenching and drilling
in this area has been applied for with the intention to further
explore the area in 2025. In addition, an exploration permit has
also been applied for the Mystery Property, which hosts strong
potential for porphyry-style mineralization in the western portion
of the Nechako Project.
John Mirko, President and CEO,
comments:
"The 2024 excavator trenching program both confirmed and
expanded outstanding high-grade gold and silver mineralization in
the Fox Showing area. We are excited to follow-up with more
exploration of this recently discovered area. The team is also
planning concurrent exploration on the Coconut Showing in the
eastern portion of the Fox-Coconut Property which holds great
potential for porphyry-style Cu-Mo-Au mineralization as well as
further high-grade Au-Ag mineralization."
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Footnote 1: British
Columbia Mineral Assessment report #35437.
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Footnote 2: Channel
samples were cut using a diamond saw to collect a continuous 5x5 cm
sample. Composite samples were collected from rock chips as
continuously and representative as possible along the stated
distance along the trench. Standard reference samples as QA/QC were
inserted at a rate of 1 in 20 in the sample sequence and all
returned within three standard deviations of the reported
value.
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Footnote 3: Gold
Equivalent ("AuEq") was calculated using the following metal
prices: Au=US$2,600/oz, Ag = US$30/oz with the gold equivalent
formula: AuEq = Au + 0.011538462*Ag (the calculation assumes
conceptual metallurgical recoveries of 80% for Au and
Ag).
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Footnote 4: British
Columbia Mineral Assessment report #38631.
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Footnote 5: Samples
were prepared and analyzed by MSALABS in Langley BC. After
preparation, samples were analyzed for Au by fire assay of a 30 g
sample with an AAS finish (MSA method FAS-111). All samples were
analyzed for 34 elements including Ag by 4-acid digestion of a 0.25
g sample with ICP-ES finish (MSA method ICP-230). Samples >100
g/t Ag were re-analyzed by an ore grade 4-acid digestion single
element method with an ICP-ES finish (MAS method ICF-6Ag). Samples
>1000 g/t Ag were analyzed by fire assay fusion of a 30 g sample
with a gravimetric finish.
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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.
SOURCE Rokmaster Resources Corp.