ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

ROK ROK Resources Inc

0.23
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
ROK Resources Inc TSXV:ROK TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.23 0.23 0.235 0 12:01:07

ROCA - MAX Molybdenum Mine Production Update

11/06/2010 12:24am

PR Newswire (US)


ROK Resources (TSXV:ROK)
Historical Stock Chart


From Jul 2019 to Jul 2024

Click Here for more ROK Resources Charts.

VANCOUVER, June 10 /PRNewswire-FirstCall/ - Roca Mines Inc. (TSX-V: ROK) ("Roca" or "the Company") has now received production reports and mill assays for the three months ended May 31, 2010.

The MAX Molybdenum Mine continues to operate at targeted Phase I throughput rates with good efficiency and excellent recovery. Ore production from the single-stoping areas has returned average mine-diluted head grades that remain below targets in the period.

During the period, production originated from the 805 stope and, as reported previously, estimates for that level suggested higher grades than were realized. However, during the month of May 2010, production commenced from the 780 stope. The initial material mined on 780L was expected to be in the 0.35% Mo range, and is anticipated to improve as the stope is expanded. Stoping has continued on 780L and current production suggests improved grades over the average shown below.

The following table provides a summary of production data for the last three months:

    -------------------------------------------------------------------------
    MAX Mine Statistics                                Q3-2010
    -------------------------------------------------------------------------
                                          MAR '10  APR '10  MAY '10    TOTAL
                                    -----------------------------------------
    Molybdenum Produced (lbs)(1)          136,910  115,235  116,881  369,026
    Average Head Grade (% Mo)                0.41     0.39     0.34
    Molybdenum Recovery (%)                    96       96       96
    Mill Availability (%)                      97       99      100
    Average Daily Throughput (tpd)            505      461      514
    -------------------------------------------------------------------------
    Note 1: molybdenum contained in concentrate.

Development crews are advancing on the 750 metre level and operations continue to work toward the Phase II 1,000 tonne/day plan. The development of multiple stopes in the Phase II plan will reduce the impact of single-stope production difficulties encountered during 2009 and 2010.

In April, the Company received an amendment to its operating permit M-226, approving an increase in production to its planned Phase II, 1,000 tonnes/day throughput rate from the British Columbia Ministry of Energy, Mines and Petroleum Resources (BC-MEMPR).

Scott Broughton, P.Eng. is the 43-101 qualified person responsible for the preparation of this news release.

                               ROCA MINES INC.

                              "Scott Broughton"

                 ------------------------------------------
                   Scott E. Broughton - President and CEO

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

SOURCE Roca Mines Inc.

Copyright e 10 PR Newswire

1 Year ROK Resources Chart

1 Year ROK Resources Chart

1 Month ROK Resources Chart

1 Month ROK Resources Chart

Your Recent History

Delayed Upgrade Clock