Re: NR major results gold Quebec
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Oct 14, 2010 12:42PM
An innovative process for mining narrow high-grade ore bodies
Press Release
Rocmec Mining Inc. Symbols: RMI: TSX-V
D5O:FSE
Thermal fragmentation…mining ouncesnot TONNES!
ROCMEC REPORTS AN 80% INCREASE IN GOLD RESOURCES FOR THE BOUCHER STRUCTURE AT ITS ROCMEC 1 GOLD PROPERTY
Vaudreuil-Dorion, Quebec, March 2nd, 2010 –Rocmec Mining inc. (the « company ») (TSX-V: RMI) (FSE: D5O) is pleased to announce results of the new NI43-101 resource calculation report prepared by SGS Geostat regarding its Rocmec 1 gold property located in Rouyn-Noranda, Quebec.
The results are quite impressive especially for the Boucher structures where the resource of inferred ounces went from 208,000 ounces to over 376,000 ounces, but most encouraging are the grades of 13.77g/t and 15.86 g/t for the Boucher and Boucher 2 structures respectively (high grades were capped at 45 g/t).
In summary, by viewing the classification table of global resources below, prepared with a cut-off grade of 3 g/t, an industry standard, the measured/indicated gold ounces total 85,900 vs. 75,900 ounces in 2007 and inferred gold ounces total 556,400 vs. 318,500 in 2007.
Classification
Measured
Tonnage
Au 139,500
(g/t)
Oz 5.44
(31.103g)
Average 24,400
Thickness 0.85
(m)
Volume 51,700
(m3)
Surface 61,100
Indicated
Tonnage
Au 337,900
(g/t)
Oz 5.66
(31.103g)
Average 61,500
Thickness 0.78
(m)
Volume 125,100
(m3)
Surface 161,100
Measured and indicated
Tonnage
Au 477,400
(g/t)
Oz 5.59
(31.103g)
Average 85,900
Thickness 0.80
(m)
Volume 176,800
(m3)
Surface 222,200
Inferred
Tonnage
Au 1,764,500
(g/t)
Oz 9.81
(31.103g)
Average 556,400
Thickness 0.90
(m)
Volume 658,400
(m3)
Surface 731,100
The Front West and McDowell 2 structures were estimated using a 2D polygonal estimation method, whereas the remaining structures (Talus, Shaft, Boucher and Boucher 2) were estimated using the 2D block model estimation method.
Polygonal parameters
Bloc Model parameters
Classification
The estimated resources were classified in accordance with the specifications of the 43-101 Policy, namely in measured, indicated, and inferred resources. Classification was done according to the density of drilling and level of confidence of the data.
Measured Category
An outline was drawn and used in the block modeling software in the vicinity of existing underground openings.
Indicated Category
An outline was drawn and used in the block modeling software in the neighbouring of existing openings and closed spacing intersects, according to the amount of available intersects.
Inferred Category
An outline was drawn and used in the block modeling software within the perimeter of the modeled zone and recognized by at least a pierce point.
Maxime Dupéré, geo., from SGS Canada Inc., a qualified person under the guidelines of National Instrument 43-101 is the qualified person responsible for the technical information in this press release.
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:
For additional information, contact:
Mr. Donald Brisebois Mr. John Stella
President & CEO Investor relations Manager
Telephone (450) 510-4442 (450) 510-4442
Fax (450) 510-9901 (450) 510-9901
Cell (514) 718-7976