Latest news with #NechakoProject
Yahoo
20-05-2025
- Business
- Yahoo
Rokmaster Signs Definitive Agreement on the Hanson Property
VANCOUVER, BC, May 20, 2025 /CNW/ - Rokmaster Resources Corp. (TSXV: RKR) (OTCQB: RKMSF) (FSE: 1RR1) ("Rokmaster" or "the Company") is pleased to announce that further to its news release on March 31, 2024, it has signed a definitive agreement (the "Agreement") for the option to acquire 100% of the Hanson Property (the "Hanson Property") which adds to the Nechako Project. The Nechako Project now totals 27,178 hectares (271 km2) across three properties located in west-central British Columbia. The Nechako region is an underexplored portion of the productive Stikine terrane which hosts many past producing deposits and advanced development projects (Figure 1). The Hanson Property is accessed from extensive logging roads in the 2018 Shovel Lake fire area approximately 20 km north of the past producing Endako Molybdenum Mine. The Property is situated near a major structural intersection with potential for three distinct periods of mineralizing events: late Jurassic porphyry Mo, late Cretaceous porphyry Cu-Mo, and early Eocene porphyry Cu-Au. The Hanson Property has been subject to multiple exploration programs since 1965. Significant soil Mo-Cu anomalies at the Buckley and Wilson Zones were generated in 1973 by Endako Mines. Shallow drilling of these anomalies, less than 155 m in each drillhole, was delayed until 1977-1978. Since then, rock samples with up 1.37% Mo, 1.79% Cu, and 0.10 g/t Au were been collected from the Wilson Zone in 20151 and a 2012 airborne magnetic and ZTEM survey imaged geophysical anomalies coincident with the older geochemical anomalies with very little follow-up work. In the northern portion of the Hanson Property, a series of trenches, pits, and drillholes defined the Cyr Zone in 1988-1990 with samples returning elevated concentrations of silver, gold, lead, and zinc over broad intervals. Mineralization at the Cyr Zone is described to be related to a silicified quartz feldspar porphyry unit hosting pervasive disseminated pyrite. Notably, the historical drilling at the Cyr Zone did not penetrate deeper than 152.5 m2. Two mineral claims totaling of 75.5 hectares covering the western Cyr Zone were recently acquired 100% royalty-free (Figure 2). A historical series of shallow drillholes occur in the Cyr Zone and on the newly acquired claims: HistoricalDrillhole2 Azimuth Dip Length (m) Significant Interval RC8911 0 -90 100 0.22 g/t Au, 4.0 g/t Ag, 0.86% Zn, 0.18% Pb over 14.0 m (70.0 - 84.0 m) RC8912 0 -90 100 0.34 g/t Au, 14.6 g/t Ag, 1.07% Zn, 0.48% Pb over 10.0 m (54.0 - 64.0 m) RC8913 0 -90 100 0.44% Zn over 22.0 m (78.0 - 100.0 m) RC8917 0 -90 100 1.84 g/t Au, 80.0 g/t Ag, 0.62% Cu over 2.0 m (90.0 - 92.0 m) RC8921 0 -90 100 0.72 g/t Au, 41.9 g/t Ag over 10.0 m (2.0 - 12.0 m) DH90-4 265 -58 152.5 23.9 g/t Ag over 30 m (48.0 - 78.0 m) DH90-5 270 -45 93.0 0.29% Zn, 8.3 g/t Ag over 33.0 m (27.0 - 60.0 m) Field work on the Nechako Project has commenced and will be ongoing throughout 2025. An exploration permit application had been applied for the Hanson Property and the company anticipates approval within the coming year. John Mirko, President and CEO, comments: "The Hanson Property is a great addition to the Nechako Project where Rokmaster is assembling a strong property position in a region with important historical and operating mines. Similar to the Mystery and Fox-Coconut Properties, the Hanson Property has great geological potential and holds a wealth of positive historical exploration data to build upon to develop robust targets. Field work has begun on the Nechako Project and will continue throughout 2025 to efficiently prepare compelling exploration drilling targets for significant Cu-Mo-Au-Ag mineralization in this favourable district." Terms of the Agreement: To earn a 100% interest in the Property, the Company must complete the following: (1) make an aggregate cash option payment of $210,000 as follows: $15,000 upon signing of the Agreement. $25,000 on or before April 1, 2026; $30,000 on or before April 1, 2027; $60,000 on or before April 1, 2028; $80,000 on or before April 1, 2029; and (2) issue an aggregate of 3,600,000 Rokmaster shares as follows: 500,000 shares within 30 days of signing or receipt of regulatory approval; 500,000 shares on or before April 1, 2026; 600,000 on or before April 1, 2027; 1,000,000 on or before April 1, 2028; and 1,000,000 on or before April 1, 2029 Upon commencement of commercial production on the Hanson Property, it will be subject to a 1.5% NSR and one-half of which (0.75%) can be purchased by Rokmaster for $750,000. Closing of the Hanson Property transaction is subject to receipt of all requisite regulatory approvals. 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, who is independent of Rokmaster and who acts as Rokmaster's Qualified Person. Footnote 1: Paul, C. 2015. 2015 Assessment Report on the Hanson Property. Stone Ridge Exploration Corp. BC Assessment Report Database #35776. Footnote 2: Chapman, J.A. 1989. Exploration Report Reverse-Circulation Drill Program 1989. Cazador Explorations Limited. BC Assessment Report Database #19155. Twyman, M.P. 1991. Hanson Lake Project Diamond Drilling Program 1990. Cazador Explorations Limited. BC Assessment Report Database # 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: receipt of regulatory approval with respect to the Hanson Property transaction; 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 events or results or otherwise. SOURCE Rokmaster Resources Corp. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
20-05-2025
- Business
- Cision Canada
Rokmaster Signs Definitive Agreement on the Hanson Property
VANCOUVER, BC, May 20, 2025 /CNW/ - Rokmaster Resources Corp. (TSXV: RKR) (OTCQB: RKMSF) (FSE: 1RR1) ("Rokmaster" or "the Company") is pleased to announce that further to its news release on March 31, 2024, it has signed a definitive agreement (the "Agreement") for the option to acquire 100% of the Hanson Property (the "Hanson Property") which adds to the Nechako Project. The Nechako Project now totals 27,178 hectares (271 km 2) across three properties located in west-central British Columbia. The Nechako region is an underexplored portion of the productive Stikine terrane which hosts many past producing deposits and advanced development projects (Figure 1). The Hanson Property is accessed from extensive logging roads in the 2018 Shovel Lake fire area approximately 20 km north of the past producing Endako Molybdenum Mine. The Property is situated near a major structural intersection with potential for three distinct periods of mineralizing events: late Jurassic porphyry Mo, late Cretaceous porphyry Cu-Mo, and early Eocene porphyry Cu-Au. The Hanson Property has been subject to multiple exploration programs since 1965. Significant soil Mo-Cu anomalies at the Buckley and Wilson Zones were generated in 1973 by Endako Mines. Shallow drilling of these anomalies, less than 155 m in each drillhole, was delayed until 1977-1978. Since then, rock samples with up 1.37% Mo, 1.79% Cu, and 0.10 g/t Au were been collected from the Wilson Zone in 2015 1 and a 2012 airborne magnetic and ZTEM survey imaged geophysical anomalies coincident with the older geochemical anomalies with very little follow-up work. In the northern portion of the Hanson Property, a series of trenches, pits, and drillholes defined the Cyr Zone in 1988-1990 with samples returning elevated concentrations of silver, gold, lead, and zinc over broad intervals. Mineralization at the Cyr Zone is described to be related to a silicified quartz feldspar porphyry unit hosting pervasive disseminated pyrite. Notably, the historical drilling at the Cyr Zone did not penetrate deeper than 152.5 m 2. Two mineral claims totaling of 75.5 hectares covering the western Cyr Zone were recently acquired 100% royalty-free (Figure 2). A historical series of shallow drillholes occur in the Cyr Zone and on the newly acquired claims: Field work on the Nechako Project has commenced and will be ongoing throughout 2025. An exploration permit application had been applied for the Hanson Property and the company anticipates approval within the coming year. John Mirko, President and CEO, comments: "The Hanson Property is a great addition to the Nechako Project where Rokmaster is assembling a strong property position in a region with important historical and operating mines. Similar to the Mystery and Fox-Coconut Properties, the Hanson Property has great geological potential and holds a wealth of positive historical exploration data to build upon to develop robust targets. Field work has begun on the Nechako Project and will continue throughout 2025 to efficiently prepare compelling exploration drilling targets for significant Cu-Mo-Au-Ag mineralization in this favourable district." Terms of the Agreement: To earn a 100% interest in the Property, the Company must complete the following: (1) make an aggregate cash option payment of $210,000 as follows: $15,000 upon signing of the Agreement. $25,000 on or before April 1, 2026; $30,000 on or before April 1, 2027; $60,000 on or before April 1, 2028; $80,000 on or before April 1, 2029; and (2) issue an aggregate of 3,600,000 Rokmaster shares as follows: 500,000 shares within 30 days of signing or receipt of regulatory approval; 500,000 shares on or before April 1, 2026; 600,000 on or before April 1, 2027; 1,000,000 on or before April 1, 2028; and 1,000,000 on or before April 1, 2029 Upon commencement of commercial production on the Hanson Property, it will be subject to a 1.5% NSR and one-half of which (0.75%) can be purchased by Rokmaster for $750,000. Closing of the Hanson Property transaction is subject to receipt of all requisite regulatory approvals. 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, 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: receipt of regulatory approval with respect to the Hanson Property transaction; 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 events or results or otherwise. SOURCE Rokmaster Resources Corp.
Cision Canada
05-05-2025
- Business
- Cision Canada
Rokmaster Provides Update on the Nechako Project
VANCOUVER, BC, May 5, 2025 /CNW/ - Rokmaster Resources Corp. (TSXV: RKR) (OTCQB: RKMSF) (FSE: 1RR1) ("Rokmaster" or "the Company") provides an update for the Nechako Project where field work is soon to begin. The Nechako Project is located in west-central British Columbia within the prolific Stikine terrane with several past producing deposits and advanced development projects in the region (Figure 1). Rokmaster has an option to acquire up to 100% of two road-accessible properties, the Mystery and Fox-Coconut properties, comprising the Nechako Project which when combined totals 21,755 hectares. Each property in the Nechako Project features positive historical exploration work which Rokmaster aims to build on and refine to develop compelling exploration drilling targets for significant Cu-Mo-Au mineralization in this favourable district. The Mystery Property is the largest of the two properties and covers the Shelford Hills which was first explored by Kennco (1970) followed by BP-Selco and Canamax (1980-1983) with Noranda Exploration (1988-1989) all completing initial geochemical surveys with positive results. Since the 1970's, a group of claims termed the "Ford Claims" were held in the center of the current property during all the later work including when Quartz Mountain Resources (2012) and Copper Mountain Mining (2017) completed airborne geophysical surveys. The current Mystery Property now consolidates the Shelford hills which is a circular upland with exposures of pyrite- and clay-altered rhyolite and andesite belonging to the late cretaceous Kasalka group. A stock of monzonite outcrops in the center of the property and belongs to the fertile late cretaceous Bulkley suite which is associated with porphyry Cu-Mo-Au-Ag mineralization at the nearby Huckleberry, Ox, and Seel deposits 1. On the southern margin of the monzonite stock, near the historic Ford Claims, a large soil Cu-Au anomaly is coincident with a circular magnetic feature measuring approximately 1 km in diameter (Figure 2). An exploration permit to conduct drilling on the Mystery Property was applied for in 2024 and the company anticipates approval very soon. The Mystery Property neighbors several projects where exploration on similar Bulkley-age porphyry copper exploration targets is ongoing. Copper Quest Exploration's Rip Project is located 3 km to the south and initial drilling in 2024 (RP2024-001 and RP24-002) was reported to have intersected zones of anomalous Cu-Mo mineralization hosted in multiple phases of porphyritic intrusions and associated vein stockwork 2. Vizsla Copper Corp. plans to drill their Poplar South target, located 28 km west of the Mystery Property, in 2025 following encouraging new geochemical and geophysical surveys 3. The Fox-Coconut Property is located approximately 17 km south of the Endako Mine and hosts two styles of mineralization: low-sulphidation quartz veins hosting high-grade silver-gold mineralization at the western Fox Showing and widespread propylitic alteration with broadly anomalous Cu-Mo-Au-Ag mineralization associated with a late cretaceous intrusive in the eastern Coconut area of the Property (Figure 3). The western 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 south of the C Zone in 2024 returned up to 4.95 g/t Au and 1,001 g/ Ag over 1.0 m 4. The eastern portion of the Fox-Coconut Property holds high potential for porphyry-style Cu-Mo mineralization with elevated copper-molybdenum-gold-silver values in rock samples collected throughout a large area of strong propylitic alteration. The alteration envelops newly mapped quartz feldspar porphyry and monzodiorite intrusives similar in style and appearance to the late cretaceous Cabin Lake Pluton located 17 km to the east. A recently discovered showing of subcropping boxwork quartz-limonite veining in a linear zone approximately 300 m in length returned up to 33.4 g/t Au and 6,273 g/t Ag from grab samples collected in 2019 5 and is a high priority target for follow-up work in 2025. An exploration permit for trenching and drilling in the Coconut area was recently approved and the Fox Showing area has an approved permit allowing for trenching and drilling. Field work on the Nechako Project is expected to commence within two weeks depending on snow conditions. High-resolution magnetic surveys are planned over the Ford Anomaly on the Mystery Property and over the Fox Showing on the Fox-Coconut Property. Following these surveys, additional soil sampling on the Mystery Property is planned with IP surveys to commence in the summer months. On the Fox-Coconut Property, trenching on the NW structure in the eastern portion of the Property and further trenching on the Fox Showing is designed to expose and sample the high-grade Au-Ag mineralization. John Mirko, President and CEO, comments: "These two highly prospective properties comprise the Nechako Project in a region that was and remains a major producer of critical and precious metals. Rokmaster's focus is to explore for additional significant porphyry Cu-Mo and/or Cu-Au mineralization with efficient exploration programs to prepare robust targets for drill testing. The Mystery Property hosts a monzonite stock belonging to the fertile late cretaceous Bulkley suite with strong soil and magnetic anomalies. The Fox-Coconut Property hosts both high-grade silver-gold in quartz veins and impressive alteration and anomalous rock samples related to late cretaceous intrusive activity. We are excited to soon begin field work on the Nechako Project to develop and enhance multiple targets for drilling." Corporate Update: Further to the Company's news release dated April 4, 2025, the Company is extending by a further 30 days to June 3, 2025 the previously announced non-brokered financing (the "Financing") for a total of up to $550,000 involving the sale of flow-through shares and non-flow-through units. 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, 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 including the Financing; 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.
