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Message: Updates Progress at its Rocmec 1 Property
| January 20, 2009 |
| Rocmec Updates Progress at its Rocmec 1 Property |
| VAUDREUIL-DORION, QUEBEC--(Marketwire - Jan. 20, 2009) - Rocmec Mining Inc. (TSX VENTURE:RMI) is pleased to provide an update of operations at its Rocmec 1 property located in Rouyn-Noranda, Quebec. As previously announced in a press release regarding its objectives for 2008, Rocmec 1 was the focus of most of the activities that management undertook in 2008. The underground installation of a 75 tpd treatment plant was the highlight of the work conducted at Rocmec 1. The treatment plant is currently operating 24 hours per day and has produced its first tonnes of gold and silver concentrate. The first test trials of concentrate project that 30-40% of gold will be captured by the Knelson concentrator and the remaining gold and silver will be included in the 4-5 tonnes of concentrate produced per day of operations. Over the next 3 months the mineralised rock stockpiled underground will be treated, following which, management plans to put in place a team to supply the mill and have it operate on the basis of at least 5 days per week all year long. The diamond drill programme conducted during 2008 was also very successful and will continue in 2009 principally from surface. The Group S.G.S (Geostat) will be mandated to plan the surface drill programme and also prepare a pre-feasibility study that will include a mineral resource calculation. Management expects to receive the report during the 4th quarter of 2009. Subject to the approval of the TSX Venture Stock Exchange, Rocmec is pleased that it has closed a private placement consisting of 1,250,000 units at a price of $0.08 per Unit for gross proceeds of $100,000. Each Unit is comprised of one common share of the Company and one transferable share purchase warrant. Each share purchase warrant entitles its holder thereof to purchase one additional common share of the Company at a price of $0.12 for a period of 24 months from the closing date. In connection with the private placement, a cash commission of $9,000 was paid to Pinetree Resource Partnership. In addition, a total of 125,000 non transferable broker warrants were issued. Each broker warrant entitles its holder to purchase one common share of Rocmec, at a price of $0.08 per common share for a period of 12 months from the closing date and thereafter at a price of $0.10 for an additional period of twelve months for a period of 12 months. All the securities issued in virtue of this placement are subject to certain resale restrictions imposed under the applicable securities laws, which require that the securities not be traded before May 16, 2009 About Rocmec Rocmec Mining Inc. is a Canadian junior exploration company actively involved in the acquisition, exploration and development of precious metal projects. The Company's exclusive thermal fragmentation process combined with its growth strategy place it as the partner of choice for the development of narrow high-grade precious metal quartz vein properties. The Company is listed on the TSX Venture Exchange and trades under the symbol: RMI Rocmec's growth strategy is to focus on the development of quality assets that will significantly enhance shareholder value. Exploitation of narrow high-grade precious metal quartz veins with its exclusive thermal fragmentation process coupled with conventional mining methods will lead the Company in becoming a mid-size gold producer. The acquisition, development and future exploitation activities at the recently acquired Rocmec I (Russian Kid) property are an excellent example of this strategy. The Thermal Fragmentation Mining Method video can be viewed on Rocmec's website or by clicking the following link: http://www.rocmecmines.com/video_an.asp www.rocmecmines.com |
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