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Rochester Resources Ltd V.RCT

Alternate Symbol(s):  RCTFF

Rochester Resources Ltd. is a Canada-based company engaged in the exploration and development of its mineral property interests in Mexico. The Company holds a 100% interest in the Mina Real and San Francisco Properties, which are located in the state of Nayarit, Mexico, east of the state capital city of Tepic. In addition, the Company has an agreement to acquire a 70% interest in the Santa Fe Property. The Mina Real Property consists of 11 mining concessions and one mineral claim encompassing a total area of over 21,367.42 hectares (ha). The contiguous Santa Fe Property consists of one mining concession totaling approximately 3,852.66 ha. The San Francisco Property consists of 12 mining concessions encompassing over 18,125.05 ha. Its subsidiaries include ALB Holdings Ltd., Mina Real Mexico S.A. de C.V. and Compania Minera Santa Fe S.A. de C.V.


TSXV:RCT - Post by User

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Comment by annwarwon May 29, 2013 1:08pm
85 Views
Post# 21456064

RE: LAT.V poured it's first gold bar last August

RE: LAT.V poured it's first gold bar last August

Hey Wayne I think Rochester will break revenue records once the Dore bars start rolling out the door. They could reach $14 to $15 million in gross revenue this coming year while cutting costs not shipping precipitate and not paying those other costs. Just imagine that tiny bar with 47 ounces of silver with over 300,000 oz Ag of Rochester production will be over 6000 to 7000 silver bars silver alone at that size.

I'm sure for the silver they will use the big molds. maybe the 25kg type. Gold they could use the small mould like this but would still be at least 15 gold bars this size with 3000 oz Au production. I think it will be a large 25kg variety of a gold/silver mix   

  

 

  

It was a small one though but it was still worth $276,000 dollars. LAT.v isn't very large either. 5 fold the market cap of here and less producing properties and they had problems at first with the locals. No problem here with Rochester. Still looking for small producers for their change to Dore bar production.

The delivery of the first gold bar to a refinery represents a milestone achievement for the Independencia Mine pilot plant. We've shipped this doré during Paso Yobai's commissioning stage in order to validate pyrometallurgical protocols and to assure minimum refinery specifications for future product”, said Miles Rideout, President and CEO of the Company.

According to the refinery assays, this bar contains 166 ounces of gold and 47 ounces of silver, valued at approximately 276,000 US dollars. This represents a doré of 76.74% gold, 21.75% silver and approximately 2.5% benign impurities, which is well below refinery penalty levels.

“Our first production test is a success. Congratulations to our Paraguayan team”, underlined Miles Rideout.

The Independencia Mine pilot plant was constructed on the Paso Yobai Gold Project to provide a bulk testing facility to assist in quantifying the resource potential of this large epithermal gold system.

The plant is currently processing gold mineralization excavated to 20m depth from the Discovery Trend Target, where mineralization is exposed at surface and has been drilled to greater than 100m depth.

Current Independencia Mine and pilot plant activities include open pit development, up-scaling of the onsite assay laboratory, optimization testing of the Falcon gravity concentrators and the installation of a production-scale pyrometallurgical furnace.

The Paso Yobai Project is a 15,551 hectare exploration and mining property with multiple gold showings evident at surface. Lampa is operating the Independencia Mine Pilot Plant on the Company's 99%-owned permitted mining concession, part of the Company's larger Paso Yobai Gold Project.

Lampa started working four years ago in the midst of serious conflicts with local residents and miners with an original investment of 12 million dollars. Production officially commenced last February.

https://en.mercopress.com/2012/08/30/canadian-company-exports-first-gold-dore-bar-from-paraguayan-mine

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