Rochester Begins Mine Development at Florida NW and Provides Exploration Update
April 27 2010 - 10:33AM
Marketwired
Rochester Resources Ltd. (TSX VENTURE: RCT)(FRANKFURT: R5I) is
pleased to announce that development of a crosscut at Florida NW is
now underway. The crosscut of 300m is at the 1240 elevation and
will cut the continuity of the rich zones of the Florida I, II and
III, northwest from the intrusive.
Florida NW has grades similar to those encountered in the
Florida SE system. Considering the average historical grades from
the Florida SE area, the results obtained from the ramp at level
1300, and the information obtained at the crosscut in level 1240,
expectations are that the potential average grade could be 9 g/t
gold and 250 g/t silver. The crosscut will provide underground
access to 13 veins identified at surface. This is part of the
overall mine infrastructure plan of developing over 2.5km in three
areas; Crosscut - Florida NW, Footwall drift at level 1240, and the
San Eduardo Tunnel.
Concurrently, the Company has implemented a drift development
program of over 6,300m to continue building towards significant NI
43-101 compliant resources at Mina Real including:
Area Metres
Florida NW 2,530
Tajos Cuates 2,580
Macedo 1,250
At Macedo, construction and rehabilitation of over 2km of access
roads for diamond drill hole sites have been completed.
A total of 355m of drift development has taken place at Macedo
where an internal reserve has been blocked consisting of
approximately 18.500 tonnes of mineralized material.
Macedo was identified from surface work with the vein surface
expression trending for more than 1 kilometre. The vein system is
comprised of widths up to 20 metres and is mineralized with both
gold and silver.
Drill Program
Rochester initiated its Phase 1 Drill program in late January.
To date, a total of 910.15 meters in 5 drill holes have been
completed at Florida NW with two drill rigs. A third underground
drill rig is to be added shortly at the Tajos Cuates Mine. The
first phase drill program consists of 22,000m. Drill results are
expected shortly.
The company has also been successful in continuing to identify
additional new veins southwest of Macedo in an area named El
Tesoro. These new veins include: (See Figure 1)
El Tesoro
Structure identified over 600 meters with widths of 1.30 meters
in underground samples averaging 4.27 g/t Au to 1,029 g/t Ag and
widths on surface of 0.82m averaging 0.85 g/t Au with 214 g/t
Ag.
El Jato
It features variable thickness up to 30m in the SE part
consisting of a stockwork zone where the country rock is a rhyolite
dome with values of the order of the order of 0.3 g/t Au to 0.8 g/t
Au and 20 g/t Ag to 119 g/t Ag. In the NW part of the vein where
the structure has widths of 0.30 to 0.70 m and values averaging 3.2
g/t Au and 463 g/t Ag.
El Titere
Structure identified over 100 meters in length. Up to 16.7 g/t
Au with 669 g/t Ag with average widths of 0.30 m and 4.0 g/t Au
with 226 g/t Ag over a width of 0.20 m.
La Finca III
Structure identified over 120 meters. Assays of surface samples
reported values of 1.0 g/t Au to 61 g/t Ag over a width of 0.45
m.
Mr. Alfredo Parra , a QP as defined under NI 43-101 has reviewed
and approved the technical disclosure herein.
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.
To view Figure 1 please click on the following link:
http://media3.marketwire.com/docs/rct0427.pdf
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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