TSX.V: REL
During the
Compilation of Historical Data
As announced in our
Good progress has been made on our historical data review and the Company expects to report on this work in the coming weeks. Initial highlights include:
- The identification of a 1 km potential strike length extension along the Merry Widow trend that may allow for the expansion of the historical measured and indicated Grande Portage 2008 Resource of 960,000 tonnes at 2.03 g/t gold, 5.64 g/t silver, 0.34% copper, 0.013% cobalt and 16.1% iron using a 0.50 g/t gold cut-off completed
November 30, 2008 byGary Giroux 1,2 that occurs within only 100 m of that trend. Cominco's 1972Benson Lake remaining resources when the mine was shutdown indicating resource areas as much as 300 m south of the existing mine workings noting a total of 454,500 tonnes at 0.59 g/t Au and 1.3 % Cu 1,3 (Although these resources do not meet current NI 43-101 standards the Company believes that the historic numbers are an important indication of the exploration potential along the Old Sport Horizon and are useful for helping guide future exploration targets).- Areas to the south of Merry Widow that are showing potential to extend the main trends a further 1 km.
- Areas to the south of the
Benson Lake Mine that are showing potential to extend the main trend a further 4 km's.
About
Roughrider's current exploration focus is the Empire Mine Property, located on
Qualified Persons
The scientific and technical information contained in this news release has been prepared, reviewed and approved by
On Behalf of the Board of Directors:
"Adam Travis"
Cautionary Notes Related to this News Release and Figures
- Historical information, maps or figures contained in this release regarding the Roughrider's Empire Mine Property or adjacent properties cannot be relied upon as the Company's QP, as defined under NI-43-101 has not prepared nor verified the historical information.
- NI 43-101 Technical Report: Giroux, G.H., & Raven, W. (
November 30, 2008 ). Technical Report on the Copper Gold Resources for the Merry Widow Property. Filed on SEDARJanuary 22, 2009 . The 2008 Grand Portage resource estimate was completed byGary H. Giroux ,P.Eng , MASc, ofGiroux Consulting Ltd. inVancouver, B.C. The estimate was based on a 3D geological model integrating 4,448 metres of diamond drilling of 43 drill holes, 2,290 assays, with 104 down-hole surveys collected between June andDecember 2006 . The resource was reported utilizing gold cut-off grades ranging from 0.10 g/t to 3.00 g/t gold, as more particularly set out in the report. A complete copy of the report is available on Grand Portage's public filings on SEDAR (www.sedar.com). A gold cut-off grade of 0.50 g/t gold was selected as representing one possible mining scenario. For the purposes of the calculations, lognormal cumulative frequency plots were used to assess grade distribution to see if capping of high values was required and if so at what levels. For all elements, capping levels were established based on the individual grade distributions as follows: Gold -- a total of 18 gold assays were capped at 32.0 g/t gold, Silver --a total of 9 silver assays were capped at 165 g/t silver, Copper -- a total of 7 assays were capped at 11.7% copper, Cobalt -- a total of 5 assays were capped at 0.48% cobalt, Iron -- all iron assays were capped at 50% iron (the analytical detection limit). - Province of British Columbia Property File, Statement of Material Facts: VSE 22/09/75,
Quatsino Copper-Gold Mines Limited
Neither
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Certain information contained or incorporated by reference in this press release, including any information regarding the proposed Transaction, private placement, board and management changes, as to our strategy, projects, plans or future financial or operating performance, constitutes "forward-looking statements." All statements, other than statements of historical fact, are to be considered forward-looking statements. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by Roughrider, are inherently subject to significant business, economic, geological and competitive uncertainties and contingencies. Although Roughrider believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include but are not limited to: fluctuations in market prices, exploration and exploitation successes, continued availability of capital and financing, changes in national and local government legislation, taxation, controls, regulations, expropriation or nationalization of property and general political, economic, market or business conditions. Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance and, therefore, readers are advised to rely on their own evaluation of such uncertainties. All of the forward-looking statements made in this press release, or incorporated by reference, are qualified by these cautionary statements. We do not assume any obligation to update any forward-looking statements.
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