news releasesHave they got anything now beside there lawsuit?
Western Prospector throws out Rock, Cabot agreement
Rock Resources Inc (2) RCK
Shares issued 17,958,831 Aug 22 close $0.05
Mon 25 Aug 2003 News Release
See (WNP) News Release
Mr. John Brock reports
ROCK/CABOT AGREEMENT TERMINATED
Western Prospector Group has terminated an agreement with Cabot Exploration
PLC and Rock Resources Inc. for failure to make a $30,000 property payment
due June 30, 2003.
Western will proceed in seeking a joint venture participant to conduct
continuing exploration of the Lakemount property.
The road accessible Lakemount property, located 10 kilometres east of Wawa,
Ont., holds promise for expansion of a partially drill defined platinum
group element (PGE), nickel and copper deposit within an ultramafic
intrusive measuring approximately 2,000 by 600 metres. Historic drilling of
higher grade sulphide mineralization yielded assays up to 1.1 per cent
copper, 0.5 per cent nickel and 5.7 grams per tonne PGE over 17.4 metres.
With only a small part of the ultramafic intrusion having seen drilling and
widespread surface occurrences of mineralization suggesting a large
mineralizing system, a comprehensive drilling program is warranted. Further
exploration is also warranted in other areas of the property where
gold-bearing sulphides have been exposed. A kimberlite dike has also been
discovered at Lakemount and requires sampling for its diamond-bearing
potential.
Pacific Ridge terminates Fyre Lake option
Rock Resources Inc (2) RCK
Shares issued 17,958,831 Aug 22 close $0.05
Mon 25 Aug 2003 News Release
See (PEX) News Release
Mr. John Brock of Pacific Ridge reports
ROCK/CABOT AGREEMENT TERMINATED
Pacific Ridge Exploration has terminated an agreement with Cabot
Exploration PLC and Rock Resources for failure to make a $50,000 property
payment due to Pacific Ridge on June 30, 2003, in accordance with the terms
of an option granting Cabot the right to earn an interest in the Fyre Lake
property located in Yukon.
Pacific Ridge will proceed in seeking a joint venture participant to
conduct continuing exploration of the Fyre Lake property.
The Fyre Lake property, located in Yukon's Finlayson Lakes district, hosts
copper-cobalt-gold volcanogenic massive sulphide mineralization.
Exploration to date has partially drill defined the Kona massive sulphide
deposit and outlined a number of satellite targets with potential for
additional VMS deposits. The Fyre Lake property also holds exploration
potential for emerald occurrences.
The Kona deposit, as defined by drilling during 1996 and 1997, consists of
two parallel northwest trending zones of copper-cobalt-gold massive
sulphide mineralization found in horizons with mineralized thicknesses
varying from eight to 40 metres over a length of 1,500 metres and a width
of 250 metres. Preliminary calculations based on completion of 23,200
metres of drilling in 115 holes, and prepared by a qualified person, show
the Kona deposit to contain 15.4 million tonnes within which 8.2 million
tonnes grade 2.1 per cent copper, 0.11 per cent cobalt and 0.73 gram per
tonne gold, using a 1.0-per-cent copper cutoff. Metallurgical studies
indicate metal recoveries of 90 per cent for copper and 70 per cent for
gold and cobalt. The ultimate dimensions and tonnage of the Kona deposit
remain to be determined with additional drilling.
Significant exploration potential remains, over and above determining the
ultimate size of Kona. A four-kilometre-long magnetic anomaly located
northeast of Kona and a three-kilometre-long magnetic anomaly lying west of
Kona are larger and more intense as compared with the magnetic feature
reflecting the Kona mineralization. These anomalies represent priority
drill targets for discovery additional massive sulphide deposits.
(c) Copyright 2003 Canjex Publishing Ltd