Rocher Deboule Minerals Corp. (RD.H: NEX.V) reports the acquisition of a 100% interest in a 25 hectares (61.8 acre) claim (Tenure #374216) that is totally within the south west corner of their 6,140 hectare (15,212 acre) property located 8 km south of New Hazelton, BC.  The purchase price is $50,000 and 50,000 shares of Rocher DeBoule Minerals Corp.

The acquisition of the 25 hectare claim gives the company a complete block on the north half of the Rocher DeBoule stock which contains the center of the large magnetometer high identified by Airborne Magnetic Surveys performed in 1967 and 1969.  (Geophysics Paper 5245 Geological Survey of Canada).

The claim contains most of the # 2 and 2A vein systems where past production produced 6.2 million pounds of copper, 4,492 ounces of gold and 84,477 ounces of silver from 52,719 tonnes (see press release dated January 7, 2002).

Diamond drilling and underground sampling performed by Southern Gold Resources Corporation as reported by Stephen P. Quinn Mining Geologist in a summary report dated June, 1989 resulted in a *historical resource of 55,000 tonnes averaging 2.69% Co, 6.05 oz / tonne silver
and 0.102 ounces / tonne gold (pg. 43 of summary report).  *Regarding the historical resource, the company has not been able to obtain enough of the original data and has not done the work necessary to verify the classification of the resource.  The company is not treating as a NI 43-10 defined resource verified by a QP, and the historical estimate should not be relied upon.

Fourteen diamond drill holes were drilled from underground in 1987 by Southern Gold Resources Ltd. on the #2 vein as follows:

Hole Number Width (ft) Width (m) Cu % Ag (OPT) Au (OPT)
1 7.0 2.13 1.49 2.63 0.018
3 2.3 .70 4.17 36.72 0.081
4 3.7 1.13 4.51 0.81 0.041
and 3.5 1.07 0.80 3.79 0.013
7 1.8 .55 6.55 12.53 0.177
8 9.1 2.77 3.77 4.04 0.38
including 4.2 1.28 4.92 2.42 0.765
9 4.5 1.37 1.29 1.04 0.008
10 3.7 1.12 3.40 35.87 0.021
12 3.7 1.12 0.66 3.01 0.007
13 18.2 5.55 3.07 7.72 0.219
including 6.0 1.83 6.86 19.46 0.120
and 2.2 .67 1.65 3.20 1.260

Holes 2, 5, 6 and 11 intersected a quartz – hornblende vein structure with associated shearing, but contained no significant values. Hole #14 hit an old stope.

This release was reviewed for technical accuracy by Dick Addison, P.Eng. a qualified person as defined by NI 43-101.

The agreement to purchase the above claim is subject to regulatory approval.


Per:    “Larry W. Reaugh”

Larry Reaugh

Director, President & CEO

Share This Story, Choose Your Platform!

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the Toronto Stock Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.

Latest Press Releases