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Rokmaster Resources Corp (2)
Symbol RKR
Shares Issued 153,240,478
Close 2023-07-17 C$ 0.075
Market Cap C$ 11,493,036
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Rokmaster drills 28.5 m of 565 g/t AgEq at Revel Ridge

2023-07-17 07:04 ET - News Release

Mr. John Mirko reports

ROKMASTER INTERSECTS 565.76 G/T AGEQ OVER 28.50 M, INCLUDING 1,233.45 G/T AGEQ OVER 5.30 M AT REVEL RIDGE

Rokmaster Resources Corp. has provided the first set of assay results and has completed a diamond drilling program on the Revel Ridge project.

Crews completed another phase of diamond drilling on the Revel Ridge project in June. A total of 1,969 metres of diamond drilling was completed in nine drill holes, all of which successfully reached the targeted mineralized zones. Assay results from the first three drill holes (RR23-110 to RR23-112) as well as rushed assay results from drill holes RR23-114 and RR23-115 are presented in the attached table. The company will release the remaining assays from this phase of drilling when results are available.

Drill hole RR23-115 was completed to obtain a more optimal intersection of the Yellowjacket zone (RRYZ) proximal to the 830 portal. A series of drill holes completed from underground in 1990 to 1991 by Equinox Resources are oriented to the northeast and essentially downdip of the RRYZ. This earlier drilling also did not intersect the Main zone (RRMZ) as a consequence of drilling toward the northeast, leaving a large gap (about 180 metres) lacking drill hole intersections through the RRMZ downdip of the 830 portal. As shown in the attached table, RR23-115 encountered a wide intersection of RRYZ as well as a strong RRMZ intersection which considerably improves the understanding of the mineralization and geology in this area.

Drill hole RR23-114 was collared 930 m northwest of the 830 portal and cored a relatively strong RRMZ approximately 150 m downdip of RR21-58. This intersection is important in the fact it is about 370 m to the northwest of the 2022 drilling which successfully extended the RRMZ at depth. It is noted that all of the shallower 2021 drill holes to the northwest all encountered the Main deformation zone (MDZ), the ductile deformation zone which hosts RRMZ sulphide mineralization. Drill hole RR23-114 indicates that mineralization persists beyond the 2023 mineral resource estimate in this area and that further follow-up drill testing around it and at deeper levels along the entire drill-defined strike length (5.7 kilometres) of the MDZ is warranted.

The first three drill holes (RR23-110, -111 and -112) of this phase of drilling were completed to the southeast targeting the down-dip extension of the 2022 channel sampling on surface (see news release dated Aug. 29, 2022). All three drill holes successfully intersected the RRMZ and Au-Ag-Pb-Zn (gold-silver-lead-zinc) grades in this area increased at depth. A notable feature of the deepest drill hole from this set, RR23-112, is the occurrence of sphalerite mineralization within the RRMZ sulphides where drill hole intersections and channel samples at higher elevations are endowed only with arsenopyrite-gold mineralization. A similar situation is recorded to the northwest where sphalerite mineralization is present in the deeper drill hole RR23-114 but is lacking in drill hole RR21-58 which cored arsenopyrite-gold mineralization.

John Mirko, president and chief executive officer, comments:

"The top-notch crews at Revel Ridge efficiently completed nearly 2,000 metres of drilling in 21 days of drilling. The hard work paid off with this first batch of assays results recording very strong mineralization in the Yellowjacket zone in drill hole RR23-115, which will aid in future modelling of the deposit. In addition, drill hole RR23-114 represents a significant extension of the RRMZ 370 m to the northwest and the three drill holes completed to the southeast further exhibit the continuity of the RRMZ and that grades in this area tend to increase at depth."

About Rokmaster Resources Corp.

Rokmaster's flagship Revel Ridge project is host to a high-grade gold and polymetallic orogenic sulphide deposit which has been the subject of a PEA (preliminary economic assessment) technical report dated Dec. 8, 2020, and an updated mineral resource estimate (1) on the Revel Ridge property with an effective date of June 6, 2023. The 2023 drill program was designed to efficiently expand the volume of the Revel Ridge Main zone as defined by the 2023 mineral resource estimate, which currently remains open in all directions:

  • Measured and indicated (M&I): 1.53 million gold equivalent (AuEq) measured and indicated (M&I) ounces contained within 7.16 million tonnes with an average grade of 6.63 g/t AuEq;
  • Inferred: 1.49 million AuEq ounces contained within 7.56 million tonnes at an average grade of 6.11 g/t AuEq.

(1) Rokmaster Resources news release dated June 13, 2023.

Quality assurance/quality control

All drill core assay samples have been collected from one-half NQ core, sawn with a diamond saw with the sample intervals marked by technical personnel. A full QA/QC program using blanks, standards and duplicates was utilized to monitor analytical accuracy and precision. QA/QC samples are submitted approximately at every 20th sample, or a minimum of 5 per cent of the total sample stream. Appropriate standards are used to provide quality control information on high-grade and medium to low-grade samples. A limestone blank is inserted after select samples that have macroscale characteristics of higher-grade mineralization. Duplicate samples are repeat analysis of designated primary sample pulps. The samples were sealed on site and shipped to MSALABS in Langley, B.C. MSALABS is an International Organization for Standardization 17025 (testing and calibration laboratory) and an ISO 9001 (quality management system) certified laboratory. Drill core samples were crushed to two millimetres and a 500-gram subsample was pulverized with 85 per cent of the sample passing 75 microns. The subsample was analyzed using a combination of MSALABS FAS211 for Au and inductively coupled plasma-240 (four-acid digestion) for silver, base metals and other trace elements. FAS211 for gold is an ore-grade fire assay of a 50-gram pulp with an AAS finish with a detection range between 0.01 and 100 ppm. ICP-240 utilizes four-acid digestion and provides ore-grade analytical data on silver, base metals and 26 other elements.

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, PGeo, who is independent of Rokmaster and who acts as Rokmaster's qualified person.

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