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Message: Acquires a 40% Interest in 6 Mining Concessions Located in Peru
| April 28, 2009 | |
| Rocmec Acquires a 40% Interest in 6 Mining Concessions Located in Peru | |
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VAUDREUIL-DORION, QUEBEC--(Marketwire - April 28, 2009) - Rocmec Mining inc. (TSX VENTURE:RMI)(FRANKFURT:D5O) is pleased to announce that it has entered into an agreement with the owners of the mining concessions known as the Puma concessions located in close proximity to the city of Arequipa in Peru. These are the same concessions that management visited in November 2007 and on which Rocmec conducted diamond drilling in February 2008 (see press releases dated November 8 and 20, 2007, December 18, 2007, February 28, 2008 and April 8, 2008). The property covers 1700 hectares and its gold potential is very interesting especially with regards to the numerous narrow-veins. In the NI43-101 technical report prepared by SGS Geostat Ltd. (Geostat) in June 2008 (the report will be filed with SEDAR in the coming weeks), its author reports that 21 gold bearing veins were sampled, lengths varied between a few metres to 570 metres, apparent thickness ranged from 0.10 metre to 1.2 metres with grades varying from between 0.003g/t over 0.10 metre to 48.47g/t over 0.10 metres (apparent thickness). Additionally, during the drill campaign, diamond drill hole RSA-30 intercepted gold mineralisation of 53.57g/t over 70 cm (apparent thickness). The report also states that the gold mineralisation at Puma is associated to quartz veins that vary in thickness of a few centimetres to close to 1 metre. The Ramal vein was identified at surface over more than 300 metres, the Principal vein was visible over more than 450 metres, whereas, the El Pollo vein was identified at surface over more than 500 metres. Preliminary resource calculations were limited from surface to a vertical distance of 100 metres, resulting in measured and indicted resources totaling 17,800 ounces and inferred resources totaling 12,200 ounces. Considering that these resources are currently being mined by the current owners from within the gold bearing narrow-veins, Rocmec is satisfied with the preliminary results. ---------------------------------------------------------------------
Classified Resources Tonnage Thickness (m) Au g/t Ounces Au
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Measured (i) 2800 0.51 28.46 2500
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Indicated 16300 0.53 29.20 15300
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Total (measured+indicated) 19100 0.52 29.09 17800
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Infered 27900 0.56 13.63 12200
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(i) Mined-out areas estimated at 450 t at 28.46g/t Au, 410 oz Au
are included in the Measured Resources estimate.
Upon the signing of the final agreement, Rocmec will become the sole operator of the site and plans on producing 50 to 100 tonnes per day in 2010 with its exclusive and patented thermal fragmentation mining method. Rocmec announces that it has closed a non-brokered private placement of 96,000 units, at a price of $0.10 per unit, for gross proceeds of $96,000. Each unit is comprised of one flow-through common share and one-half of one common share purchase warrant. Each whole common share purchase warrant entitles the holder thereof to purchase one additional common share of Rocmec, at a price of $0.12 per common share, for a period of 24 months following the closing of the private placement. In connection with the private placement, a cash commission of $4,950 was paid to a person dealing entirely at arm's length with the Company. The private placement is subject to the final approval of the TSX Venture Exchange and of the regulatory authorities having jurisdiction on the Company's securities. The securities issued in connection with the private placements are subject to certain resale restrictions which require that the securities not be traded for a period of four months plus one day. About Rocmec Rocmec Mining Inc. is a Canadian junior exploration company actively involved in the acquisition, exploration and development of precious metal projects. The Company's exclusive thermal fragmentation process combined with its growth strategy place it as the partner of choice for the development of narrow high-grade precious metal quartz vein properties. The Company is listed on the TSX Venture Exchange and trades under the symbol: RMI Rocmec's growth strategy is to focus on the development of quality assets that will significantly enhance shareholder value. Exploitation of narrow high-grade precious metal quartz veins with its exclusive thermal fragmentation process coupled with conventional mining methods will lead the Company in becoming a mid-size gold producer. The acquisition, development and future exploitation activities at the recently acquired Rocmec I (Russian Kid) property are an excellent example of this strategy. The technical content of this news release was prepared by Maxime Dupere, P. Geo of Geostat, an independent and qualified person for the Company as defined by National Instrument 43-101. "Thermal fragmentation... mining ounces not TONNES! The Thermal Fragmentation Mining Method video can be viewed on Rocmec's website or by clicking the following link: http://www.rocmecmines.com/video_an.asp Please visit us on the web at www.rocmecmines.com |
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