I'm suprised, this didn't make it out on some wires, including stockhouse.
Mr. Pierre Gagne reports
ROCKEX MINING INITIATES ECONOMIC IMPACT STUDY ON EAGLE ISLAND DEPOSIT
Rockex Mining Corp. has initiated the preparation of an economic impact study on the corporation's Eagle Island deposit. Rockex's plans contemplate an iron mine producing 20 million tonnes of iron ore per year and a processing plant which produces approximately five million tonnes of iron concentrate with a grade of 65 to 67 per cent iron. The economic impact measurements would include the annual overall economic impact on the region, the annual number of direct and indirect jobs created in the region, and the overall tax impact, including property, income and sales taxes. It is anticipated that the report will be completed within a few months.
"We are very excited to initiate this study," stated Pierre Gagne, chairman of the board of Rockex. "The Eagle Island deposit has a resource estimate in excess of one billion tonnes at a grade of 29 per cent iron, with more potential resources connected to the deposit, as well as elsewhere around Lake St. Joseph. We believe that mining at these rates should sustain a mining industry in the region for a number of generations. This study should help all stakeholders and interested parties understand the benefits of this project."
The Western Lake St. Joseph project
Rockex's Western Lake St. Joseph project, which includes the Eagle Island deposit, as well as additional potential deposits at Wolf Island and Fish Island, consists of a 100-per-cent direct interest in 23 contiguous mining claims covering a nominal area of approximately 5,392 hectares located approximately 100 kilometres northeast of Sioux Lookout and 80 kilometres south-southwest of Pickle Lake. In December, 2010, Rockex Limited, a wholly owned subsidiary of the corporation, received a National Instrument 43-101 mineral resources estimate for its Eagle Island deposit in its 100-per-cent-owned Western Lake St. Joseph iron ore project, concluding that, at an 18-per-cent soluble iron cut-off grade, there are indicated mineral resources of 590,847,000 tonnes grading 28.84 per cent iron and inferred mineral resources of 415,757,000 tonnes grading 29.47 per cent iron in the Eagle Island deposit (see press release dated Dec. 17, 2010).
Other Lake St. Joseph properties
In addition, Rockex holds a 100-per-cent interest in three other iron projects in relative close proximity to Rockex's Western Lake St. Joseph project: (i) East Soules Bay, a property consisting of four contiguous mining claims (1,024 hectares) in and along the eastern end of Lake St. Joseph, approximately 40 kilometres east of Rockex's Western Lake St. Joseph iron project; (ii) the Doran Lake property consisting of four contiguous mining claims (832 hectares) in and along the north shore of Doran Lake, south of Lake St. Joseph, approximately midway between the Western Lake St. Joseph iron project and the East Soules Bay project; and (iii) the Root Lake project, a property consisting of four contiguous claims (832 hectares), approximately 100 kilometres north of Sioux Lookout near the central part of Lake St. Joseph.
Rockex also holds an option to acquire a 100-per-cent interest in five claims covering 1,024 hectares in close proximity to the central part of Lake St. Joseph, the Root Bay project.
We seek Safe Harbor.