Press Release
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RMI: TSX-V
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FSE
ROCMEC UPDATES PROGRESS ON PERUVIAN ACQUISITION PROJECT
Pointe-Claire, Quebec, April 8th,
2008 – Rocmec Mining inc. (TSX-V Symbol: RMI - FSE Symbol: D5O) is pleased to update its shareholders on
progress regarding its
purchase option agreement (see press release dated November 8th,
2007) pertaining to the acquisition of six concessions that form the Puma mining
property located in Peru. Numerous on-site activities are being conducted
simultaneously and at the end of March the project crossed an important
threshold as it was host to a visit by members of Rocmec’s management
team and a representative of a financial group. The main goals of the visit
were to conduct follow-up work on the current drill campaign, to allow the
financial groups’ representative to conduct its due diligence and to analyse a third
mineralised structure known as El Pollo.
The first hole of the
drill campaign, RS-E1 has been completed. The hole was drilled horizontally over
a length of 205 metres
and intercepted the Ramal vein close to 100 metres underneath
the samples previously taken at the summit of the mountain. The main vein was
also intercepted and previously sampled at the summit. Sampling results will be
made public upon reception from the laboratory.
Within the framework of
raising funds to finance the project, a representative of a European financial
group specialised in non-conventional financings accompanied Rocmec’s
management team to conduct its due diligence on the property and legal
ownership of the mining concessions. With their due diligence now completed
they will submit an offering memorandum to the regulatory authorities of a
European stock exchange.
Management also visited
and analysed a third mineralised structure known as El Pollo. This vein is currently
being mined by the site owners and is included in the mining concessions
covered by Rocmec’s option agreement. The structure is accessible over a
length of 30 metres
on one level and 25 metres
on another level; it has excellent continuity, dipping 50? towards the east. It
is visible on the slope of the mountain stretching over 200 metres in height and
400 metres
in length. Within the drift its width varies between 1 – 1.5 metres and contains
significant quantities of hematite. Samples were taken every 5 metres from the drift
ceiling and results will be made public upon reception from the laboratory.
About the Puma property
The Puma property
contains 6 narrow vein gold concessions covering 1,700 hectares and
located approximately 80 km
from the city of Arequipa, Peru. One of the concessions is
currently in operation using small-scale traditional mining methods, producing
about 10 tonnes of very high grade ore daily. All the necessary mining services
are readily available and distance between the city and the properties is well
traveled by an access road that is used daily to transport ore and mining
materials to and from the site. Rocmec plans on developing the project with a
Canadian partner, RSW-Beroma, who has been travelling extensively in Peru for the past three years especially in the Arequipa area evaluating
the best gold properties.
Rocmec Mining's growth strategy is focused on developing quality assets
that will significantly enhance shareholder value by using the thermal
fragmentation method throughout the Americas to extract narrow vein ore
bodies. By utilising the thermal fragmentation method in combination with
conventional mining methods, the company aims to become a mid-tier gold
producer. In addition, by providing service agreements, the company intends to
generate additional revenue and accelerate the spread of this unique
technology.
“Thermal fragmentation - the way of the future for
mining narrow high-grade veins”
About Rocmec Mining
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
positions it as the partner of choice for the development of narrow high-grade
precious metal quartz vein projects. The Company’s shares are listed on
the TSX-Venture (RMI) and the FSE (D5O) exchange.
Please visit us on
the web at www.rocmecmines.com
For further information, please contact