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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

Bullboard Posts
Comment by waynemerrick1on Nov 08, 2013 1:54am
99 Views
Post# 21887515

RE:Power line to San Francisco Project update in report

RE:Power line to San Francisco Project update in reportMeant to say they could build a second mill there in the future as it is the furthest mine from the current mill (100 k west). It isn't in their current plans but the possibility makes it more attractive for other companies also to pick up or farm in while maintaining a smelter fee. The CEO is quietly mine building for sure with the added 50 ha of property surrounding the site. The recent $1.5 mil to obtain 100 percent ownership has proven to be prudent.   

CFE (Grid) authorization is received for the construction of the power line from Compostela to the operation areas of the Project. 
Bullboard Posts