Welcome To The Roca Mines HUB On AGORACOM
Edit this title from the Fast Facts Section
  • Demo Video
  • Private Messages
  • Edit My Profile
  • View/Edit Portfolio

AGORACOM News Flash

AGORACOM WIRE - FRIDAY MAY 25TH, 2012

FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc.

  • Aim to develop and manufacture the best technology graphite in the world
  • Additional shareholder value will come from investment in commercialized graphene through joint venture partner, Grafoid Inc.

Read More   |   *SPONSOR

INTERNATIONAL PBX VENTURES (TSX:PBX) Signs Copaquire Joint Venture Option Agreement - $90M Potential Payment Read More

AGORACOM Maintenance Alert: Friday Evening Downtime for About an Hour Read More

LOMIKO METALS (TSXV:LMR) Graphite and Zinc Price Outlook is Favourable Through 2013  Read More   |   *SPONSOR

 

 

Message: ROCA Targets Increased Production and New Exploration at MAX

Gretzky_profile
Rank: [?]
Treasurer
Points: [?]
363
Rating: [?]
Votes: 16 Score: 3.1
  • Currently 3.2/5 Stars.
Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

ROCA Targets Increased Production and New Exploration at MAX

posted on Nov 26, 09 03:15PM

ROK: TSX.V

VANCOUVER, Nov. 25 /PRNewswire-FirstCall/ - Roca Mines Inc. (ROK: TSX-V) ("Roca" or "the Company") announces that it intends to add to the mine life and long-term value of the MAX Molybdenum Mine through graduated expansion of the operation and systematic exploration to test newly developed drill targets.

The Company continues to move toward its planned 1,000 tonnes per day (tpd) production expansion to extend the mine life significantly. An exploration program has been developed to test high-grade priority targets that were recently identified close to existing mine development and for larger-scale porphyry targets below MAX, evidence for which continues to be evaluated and tested.

Moly Deposit

The Company remains highly leveraged to the price of molybdenum. Continuous operations have been maintained at MAX such that the Company can readily benefit from anticipated near-term improvement in price. Operating cash flows have been used to improve infrastructure in the mine, mill and tailings facilities, while the Company has remained debt-free. Cash costs of production for the nine months ended May 31, 2009 were US$5.87 per pound of molybdenum. Financial results for the year ended August 31, 2009 are being prepared and will be reported on shortly.

more at:

http://www.prnewswire.com/news-releases/roca-targets-increased-production-and-new-exploration-at-max-74096142.html

New Message

Please login to post a reply

AGORACOM Quick Tips

Small & Micro Cap 2.0 Blog by George Tsiolis ... Read it Now

President's D.D.

New feature: Hub Presidents can add important links here.