TSX.V: ROK
VANCOUVER, Sept. 9 /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 August 31, 2010.
During the period, production originated from the 780 stope
where, as reported previously, estimates suggested that the initial
material mined was expected to be in the 0.35% Mo range. The mine
continues to focus on its sampling methods, grade and dilution
control to deliver the best possible head grades. Management
believes that its experience within the main zone and planning for
other zones will deliver more robust operating performance in the
future.
In August and September, the mine and mill were shut down for
nine days as a result of an underground stope wall sloughing event
between the 830 and 805 metre levels. An independent review was
completed and highlighted that there were no issues with respect to
re-entering the mine and that the event was contained entirely to
the inactive, non-man-entry stope. Milling operations resumed on
September 4, 2010.
The following table provides a summary of production data for
the last three months:
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MAX Mine Statistics Q4-2010
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JUN '10 JUL '10 AUG '10 TOTAL
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Molybdenum Produced (lbs)(1) 129,706 126,014 88,767 344,487
Average Head Grade (% Mo) 0.40 0.37 0.34
Molybdenum Recovery (%) 95.7 95.7 96.8
Mill Availability (%) 98 99 98
Average Daily Throughput (tpd) 510 510 389
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Note 1: molybdenum contained in concentrate.
Development crews are now advancing on the 725 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.
Roca also announces the resignation of Ernest S. Peters from its board of directors who
is leaving to devote more time to his other business interests. The
Company thanks him for his years of service and wishes him success
in his future endeavors.
ROCA MINES INC.
"Scott Broughton"
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Scott E. Broughton - President and CEO
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Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Roca Mines Inc.
Copyright t. 9 PR Newswire