VANCOUVER, BRITISH COLUMBIA (OTCBB: RCTFF)(FRANKFURT: R5I):
Rochester is pleased to present an exploration update on the
Company's projects in Nayarit, Mexico.
Highlights:
- Florida Vein System continuation identified at Florida NW for
over 1 km.
- To date eight vein systems (1 to 3 M width) identified at
Florida NW- more than were identified at Florida mine area.
- Drift development has cut Florida 1 vein at Florida NW at 1300
metre level.
- New drift development at Florida NW has defined significant
mineralization.
- Second drill rig mobilized to Florida NW from Clavellinos to
advance definition drilling.
Florida North West
Rochester is pleased to report success in defining the
continuation of the Florida Vein System to the northwest of the
Florida Mine through a series of trenches and drift developments
(see Figures 1 & 2). Grades from trench sampling at Florida NW
are consistent with surface sampling at the Florida Mine at
comparable elevations. The continuation of the vein structure has
been identified at surface for greater than one kilometre and the
Company believes it may extend substantially further, based on
visible identification of quartz vein outcrops.
To view Figures 1 & 2 please click on the following link:
http://media3.marketwire.com/docs/RCTF1-249.pdf.
The company has identified, through excavation and field work, a
3 meter wide vein on surface at Florida NW, to the west of the
veins currently being worked on. Follow-up work is required to
determine if a new discovery has been made.
Numerous additional veins have also recently been identified at
surface, and indicate that the potential for the Florida NW area
may be greater than what was initially understood. Work and
sampling continues, and all veins are being followed up to test for
mineralization at surface and at depth with the goal of adding
resources to the Florida Mine.
As a result of these recent successes and new discoveries at
Florida NW, the Company has mobilized all drills (2) to Florida NW
and concurrently initiated an aggressive drift development program.
The goal of the 2,000 metre drill program is to aid in delineating
the vein systems at depth throughout the whole Florida NW area.
Currently, the Company is drilling its 3rd and 4th drill holes.
Drill results will be reported once data is received, compiled and
validated.
Drift development in the form of a cross cut is taking place at
level 1300 at Florida NW to intersect Florida veins 1, 2 and 3.
This development work will also provide drill stations for more
detailed underground drilling in the future. To date the Company
has successfully cut across the Florida 1 vein and anticipates
intersecting the Florida 2 and 3 veins shortly. Assay results from
this drift development will be reported once data is received,
compiled and validated.
Two additional drifts, one trending north, and one trending
south, have also been initiated at Florida NW. Both drifts are
located at a vein excavated from Trench #3 at the 1385 metre level
(see Figures 1 & 2). Preliminary results have indicated that
the vein is strongly mineralized, with widths ranging from 1.1
metres to 1.5 metres, which is encouraging considering the
elevation of the vein is 85 metres above the zone of favorable
mineralization according to the Company's theoretical model. One
hundred metres of drift development assays are pending and should
be received and reported within two weeks.
To view Figures 1 & 2 please click on the following link:
http://media3.marketwire.com/docs/RCTF1-249.pdf.
The Company believes that the recent confirmation of
mineralization at Florida NW will add substantially to the overall
mine life and will be used to provide additional feed for the mill
when it ramps up to 300 tpd in mid 2008.
To view Florida NW development please click on the following
link: http://media3.marketwire.com/docs/RCTFL49.pdf.
Significant trench samples:
------------------------------------------------------
FLORIDA NW SGS
------------------------------------------------------
Sample Location Width (m) Au g/t Ag g/t
------------------------------------------------------
32195 Trench #4 0.95 1.8 364
------------------------------------------------------
32196 " 1.1 6.84 210
------------------------------------------------------
32185 " 0.90 4.54 180
------------------------------------------------------
32186 " 0.90 4.81 284
------------------------------------------------------
32119 Trench #2 0.65 0.443 210
------------------------------------------------------
32120 " 1.20 0.348 202
------------------------------------------------------
32121 " 0.70 0.521 336
------------------------------------------------------
32122 " 1.25 0.94 174
------------------------------------------------------
32123 " 1.40 0.369 254
------------------------------------------------------
Anomalous results were received from five of six trenches.
Santa Fe Project
The Company has recently moved the drill rig at the Clavellinos
vein system to the Florida NW area after completing two drill
holes. Alteration was encountered in both drill holes including a
significant fault in the second drill hole which hampered drilling
progress. The Company's focus in the short-term is to concentrate
its efforts at Florida NW to define and develop the vein structures
and to provide additional feed to the mill for the expansion that
is scheduled for mid 2008. Drift development is still planned at
Clavellinos within the next months by first driving a 50 metre ramp
into the vein structure followed by a cross-cut of the mineralized
system. This will provide the Company with a representative sample
and a more clear understanding of the structure of the area.
Results have been received from the first drill hole. The second
hole will be released when results are received, compiled, and
validated.
The main objective of the first drill hole was to confirm the
theoretical mineralization model in this vein system. The drill
hole intersected three veins 40 meters below surface. The three
veins were intersected with significant values of gold and silver
received; the stock work between the veins had low values due to
lixiviation, primarily because the intersection was above the zone
of favorable mineralization as defined by the Company's theoretical
model (Figure 2).
To view Figure 2 please click on the following link:
http://media3.marketwire.com/docs/RCTF249.pdf.
Highlights from drill hole 1:
- First vein intersected: 3 meters wide grading 1.49 g/t gold
and 239 g/t silver;
- Second vein intersected: 0.92 meters wide grading 1.73 g/t
gold and 393 g/t silver;
- Third vein intersected: 1.97 meters wide grading 1.29 g/t gold
and 736 g/t silver.
The width of the total intersection including stock work was
11.2 meters grading 0.712 g/t gold and 239 grams g/t silver.
The Company is encouraged to receive these initial values as the
intersection is significantly above the favorable zone of
mineralization encountered throughout the Project. This may
possibly lead to a horizon of mineralization much greater than what
is encountered at Florida.
See Table 1 below for details.
To view Table 1 please click on the following link:
http://media3.marketwire.com/docs/RCTT149.pdf
For more information on Rochester Resources please visit our
website at: www.rochesterresources.com.
Dr. Parra is currently the Company's in-house Qualified Person
and QP Member of the Mining and Metallurgical Society of America
with special expertise in Mining.
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 generates growing cash
flow and helps fund our ongoing exploration and development with
minimum share dilution.
We have identified 37 vein structures on our two Projects (Mina
Real and Santa Fe) and recently embarked on an aggressive follow-up
exploration program including a 7000m drill program and a 2000m
drift development program that will determine the next steps for
mine development and production levels. Little follow-up work has
been completed to date on the vein structures identified across
both Projects.
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.
ON BEHALF OF THE BOARD
Dr. Alfredo Parra, President and CEO
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.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or the accuracy of this
release.
Contacts: Empire Communications Inc. Investor Information
Contact (604) 484-0066 Email: info@rochesterresources.com Website:
www.rochesterresources.com
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