January, 25th, 2013
Vancouver, British Columbia
Eagle Property Update
Rich Rock Resources Inc. (the "Company") is pleased to report the preliminary results from recently completed airborne magnetic gradient and radiometric surveys on a portion of the Company’s Eagle Gold-Silver-Copper Property (the "Property"). This program has added insight into the three identified anomalies, especially the Vector porphyry zone.
The Eagle Property is located in North Central British Columbia in the northern half of the Quesnel Trough gold-copper belt. The Property is located 95 km north of the town of Fort St. James, and about 20 km northwest of the Mount Milligan copper-gold deposit, which is being advanced into production by Thompson Creek Metals Company Inc.
Work this year on the Eagle Property was part of a continuing exploration program recommended in a NI 43-101 Technical Report (2010) by M. Mitchell P.Eng and B.J. Price MSc, P.Eng. The 2012 work comprised of 146 km of airborne magnetic gradient and radiometric surveys by Canadian Mining Geophysics Ltd. This year’s program adjoins a previous survey completed in 2010 and covers the Nighthawk porphyry trend, a 3 km trend of copper-gold type porphyry prospects, fault zones and geochemical targets trending southeast of Techentlo Lake in central British Columbia. The property is underlain by diorite and granodiorite of the
Upper Triassic to Lower Jurassic Hogem Batholith and sediments of the Takla Group. The property has been the object of numerous geophysical surveys, soil geochemical surveys and two phases of diamond drilling. Three areas of copper mineralization have been identified so far along a southeast-trending zone within the Hogem Batholith, known as the Vector, Mid and Nighthawk Zones. Mineralization here consists of chalcopyrite, pyrite, malachite and minor azurite along fractures and shear zones.
The current program, completed on August 28th, 2012, identified several fault zones encompassing the known porphyry deposits and key magnetic (Total Magnetic Intensity “TMI”) and radiometric anomalies associated with the Nighthawk, Mid and Vector Zones. The Nighthawk and Mid prospects are related to a prominent TMI anomaly adjacent to a large potassium radiometric anomaly and in part coincident with the Vector fault zone. The Vector porphyry lies along the Vector fault associated with coincident TMI and K radiometric anomalies covering some 800 by 600 meters and represents a very attractive geophysical anomaly coincident with prior drilling and geochemical targets.
The following information is a summary of each zone anomaly. The assay data is taken from the November 30, 2012 NI 43-101 Technical Report authored by B.J. Price, M.Sc., P.Geo.
The Vector Zone has been traced for more than 350 metres where intense propylitic and potassic altered dioritic rocks contain 2-3% pyrite and 2-5% chalcopyrite, which occur in fracture and breccia zones commonly associated with massive magnetite alteration of the host rocks. Grab samples range from 0.41% to 3.9% copper and 580 to 3460 ppb gold (0.017 - 0.10 oz/ton). Samples of bedrock, collected for geochemical analyses, returned 1221 and 5952 ppm (0.12% and 0.59%) copper and 195 and 40 ppb gold. Two inclined drill holes, of less than 100 metres each, were drilled 180 metres apart in 1991. Both holes intersected northeast- dipping mineralized zones. Results are as follows:
|Hole No.||Interval (m)||Length (m)||Cu (%)||Au/oz/ton|
The Nighthawk Zone further along the regional trend is the southernmost of the three zones along the 3 km Nighthawk trend. Chalcopyrite and pyrite disseminations occur here as stockworks in diorlte intensely altered to chlorlte, magnetite, and epidote. Historic Noranda Inc. grab samples yielded ranges of 1.5 - 7.6 % copper and 950 - 2070 ppb gold (0.017 - 0.06 oz/ton). Two inclined drill holes intersected a moderately northeast dipping mineralized zone at vertical depths of between 5 and 35 metres. Results are as follows:
|Hole No.||Interval (m)||length (m)||Cu(%)||Au/oz/ton)|
The other four holes intersected intense magnetite-biotite-altered diorite with trace chalcopyrite, bornite and 1% pyrite.
The nearby Mid Zone is situated midway along the three km northwest-trending Nighthawk structure. Grab samples from bedrock exposures within this zone range from 0.35 - 1.3% copper and 520 - 1600 ppb gold (0.015 - 0.046 oz/ton). Both disseminated and fracture filling pyrite and chalcopyrite in propylitically altered diorites have been reported from this zone and massive magnetite veins are not uncommon. This zone, based on historic sampling by Noranda Inc., appears to have excellent size potential. Available information indicates a 1400 meter long, 200 - 400 meter wide zone, elongate in a northwest direction, within which copper values in bedrock exceed 1000 ppm. Gold values are spotty but can range up to 670 ppb. This zone has not been tested by drilling.
The result from this year’s airborne magnetic gradient and radiometric surveys together with historical information has enhanced the three identified targets. These targets potentially indicate the presence of a significant porphyry system along the Nighthawk trend and together with the Gibson silver-gold lode zone to the southwest provide attractive prospects going forward. The Company is eagerly anticipating additional exploration of these known high-priority porphyry deposits and key magnetic (TMI) and radiometric anomalies.
About Rich Rock Resources Inc.
Rich Rock is a mineral exploration company headquartered in Vancouver, British Columbia. The company is managed by an experienced team of professionals with over 250 years of experience and a solid track record of exploration and development success. The company is focused on the discovery and development of gold-copper and molybdenum-copper deposits in British Columbia. The company owns 4 properties totaling over 15,730 hectares of land, three of them are located in Canada's largest known porphyry gold-copper belt, the Quesnel Trough, and one property is located in the molybdenum belt in the Stikine.
For further information please contact:
Curtis Brazeau: 778-846-4907
Sandra Jeffrey: 604-569-0035
Toll-Free Number: 1-888-992-8855
The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101, and reviewed by the Company's qualified person, Dr. Mathias W. Westphal, P.Geo.
FORWARD LOOKING STATEMENTS:
The information contained in this website is provided solely for the reader's general knowledge. The information is not intended to be a comprehensive review of all matters and developments concerning Rich Rock Resources Inc. All information is offered on a "best intentions" basis. No securities commission or other regulatory authority in Canada or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by the Company to that effect.
This website includes "forward looking statements". Other than statements of historical fact, all statements included in this document, including without limitation, statements regarding exploration results, future plans and objectives of the Company may be forward looking statements. These statements may reflect management's current beliefs and are based on information currently available to management. Forward looking statements involve significant risks and uncertainties. A number of factors could cause actual results to differ materially from the results discussed in the forward looking statements, including, but not limited to, general economic conditions, changes arising as drilling results unfold, changes in regulatory environments affecting the Company and the availability and terms of subsequent financings. Although the forward looking statements included in this document are based upon what management believes to be reasonable assumptions, 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.