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| | Mon Oct 29, 2007
ROCA - Production Commences at MAX Molybdenum Mine
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| | Vancouver, British Columbia: Roca Mines Inc. (ROK: TSX-V) ("Roca" or "the Company") announces that molybdenite concentrate production has now commenced at its MAX mine, located 60 kilometres southeast of Revelstoke, British Columbia.
Roca's management extends many thanks to its outstanding project team of employees, contractors, consultants, and suppliers for their significant efforts in the completion of this construction project. Ongoing optimization and expansion of the mine and concentrator will continue through the coming months.
The Company also recognizes the generous assistance and extraordinary efforts of many others, including; the community and citizens of Trout Lake, the Community of Nakusp, the Ktunaxa Nation Council, the Regional District of Columbia Shuswap, the Regional District of Central Kootenays, the BC Ministry of Energy, Mines and Petroleum Resources, the BC Ministry of Environment, and Environment Canada.
The permitted PHASE I mine plan for MAX will focus on the deposit's high-grade zone containing 280,000 measured and indicated tonnes grading 1.95% MoS2 (refer to T.N. Macauley's 43-101 compliant technical report dated September 2004 available via SEDAR). Molybdenum currently trades in the range of US$32-33/lb.
ROCA MINES INC.
"Scott Broughton"
Scott E. Broughton, P.Eng. -- President & CEO
For further information contact:
Doug Fosbrooke
Investor Relations
Tel: 604-684-2900
Fax: 604-684-2902
Email: [email protected]
Web: www.rocamines.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. |
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