Rochester Resources Ltd.: Exploration Program, 2010
14.10.2010 | Marketwire
Vancouver, Oct. 14, 2010 - Rochester Resources Ltd. (TSX VENTURE: RCT) (FRANKFURT: R5I) is pleased to announce results its diamond drill program being carried out at the Mina Real Property, Nayarit State, Mexico. Assays have been received for holes BDD TC 01-10, TC 02-10 and TC 03-10, drilled at the Tajos Cuates Vein.Significant intersections are as follows:
Hole From To Interval Gold Silver
m m m g/t g/t
TC 01-10 70.99 71.35 0.36 2.34 1106.0
TC 02-10 30.85 41.25 10.40 0.11 189.6
56.36 57.60 1.14 7.37 78.0
TC 03-10 107.73 110.10 2.37 0.48 25.2
136.20 136.63 0.43 3.72 48.0
These are drill intersections and true widths have yet to be determined.
Hole TC 01-10 and 02-10 both intersected the Tajos Cuates Vein. Hole TC 03-10 intersected two quartz veins in the Veta Tomas structure; a splay of the Tajos Cuates Vein. These two intersections are approximately 150 metres southwest of the underground development on the Tajos Cuates Vein. This is a new zone of mineralization. See figure for reference at the following address:
http://media3.marketwire.com/docs/TajosCuatesVein.jpg.
The Mina Real Project is underlain by a complex of rhyolitic, rhyodacitic and dacitic ignimbrites and trachytes, cut by intrusions of similar composition. Alteration varies from narrow zones adjacent to mineralized veins, to broad zones of moderate to intense clay alteration. The broad zones of clay alteration have drill intersections of at least 50 metres.
The mineralized veins trend northwest to north-northwest, with local northeast-southwest trending offsets. These offset structure/veins locally carry gold and silver values. The northwest trending veins are found in shear zones, which vary in width from 2 or 3 metres to broad zones of shearing that represent regional shear zones.
The veins vary in width from a few centimetres to maximum widths of approximately 10 metres. The veins are composed of quartz. Individual veins may be single quartz veins or multistage quartz veins, often brecciated and often sheared. The contact with the wallrock typically is intensely sheared and badly broken.
“We are pleased with the results of the step out diamond drilling,“ said Eduardo Luna, President and CEO, “which have extended the mineralized structure at Tajos Cuates approximately 30 metres downdip along the Veta 696 structure. This is approximately 25 metres below the area of underground development and production on the Chalata level, and approximately 100 metres along strike from development and production on the Tajos Cuates level. The upper intersection of Hole TC 02-10 is very encouraging and indicates the potential for ore shoots with significant widths“ The Tajos Cuates Vein is currently the main source of mill feed and is producing positive operating results (see News Release dated May 4, 2010).
Additional drill results are being compiled and will be released as they become available.
Andrew Gourlay, P. Geol., is the Qualified Person for the technical disclosure in this news release. All samples are prepared and analyzed by the SGS de Mexico, S.S., laboratory in Durango, Mexico, and ISO certified and independent laboratory. Standard reference materials, blanks and field duplicate samples are inserted prior to the shipment from site to monitor the quality control of analytical data.
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.
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.
For more information, please contact
First Canadian Capital
Investor information contact
416.742.5600 or Toll Free: 866.580.8891
info@rochesterresources.com
www.rochesterresources.com