News Release: February 7, 2012
Vancouver, British Columbia
Tas Property Update
Rich Rock Resources Inc. is pleased to report the preliminary results from a recently completed induced polarization geophysical survey on a portion of the Company's Tas Property. This program identified three large areas of anomalous chargeability that require follow-up exploration.
About Rich Rock Resources Inc.
The Tas Property is located in North Central British Columbia in the northern half of the Quesnel Trough gold-copper belt. It is situated about 20 km northeast of the Mount Milligan copper-gold deposit, which is being advanced into production by Thompson Creek Metals Company Inc. The Tas Property is located 50 km north of the town of Fort St. James, with good access to nearby logging roads.
In October 2011, SJ Geophysics Ltd. completed 32 line-kms of induced polarization geophysics on the Tas copper-gold property. The program covered the Ridge Zone prospects and related mineralized zones farther south near the Tas pluton at the southern boundary of the property. The survey utilized 3D type surveying designed to take advantage of recent advances in 3D inversion techniques. Unlike conventional 2DIP, electrode arrays are not restricted to an inline geometry. In the standard 3DIP configuration, a receiver array is established along a survey line while current electrodes are located on two adjacent lines providing three dimensional views of chargeability and resistivity data.
The survey successfully outlined the existing showings of the Ridge Zone and defined three new large targets from near-surface to depths of 350m. The Ridge Zone returned elevated chargeability generally associated with the various sulfide-rich zones over an area approximately 750m x 250m. Three new, large targets were defined based on anomalously high chargeability: the Southeast Target covers an area 900m x 300m approximately 250m southeast of the Ridge Zone; a moderate depth target 800m x 200m was defined 200m north of the Ridge Zone; and an extremely large, deep target was identified over an area of 1800m x 400m overlapping in part the Ridge Zone and the Southeast Target. The size of these anomalies make them attractive targets for further exploration.
Lloyd Tattersall, President & CEO of Rich Rock Resources, remarks "We are very pleased to have identified three large high-quality induced polarization anomalies with chargeability highs indicating the possible presence of sulphides on our Tas Property. These geophysical 3DIP program results represent significant information for the future exploration and potential development of the Tas Property. Our systematic approach, combined with the historical work, has allowed us to continue advancing this property to its full potential. The thing that excites me is that the Tas mineralization has strong similarities to known porphyry copper-gold deposits such as Mount Milligan, Kwanika, and Duckling Creek."
The company will be updating the NI 43-101 Technical Report and is looking forward to advancing the Tas Property with the next phase of exploration.
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 molybdenum deposits in British Columbia, particularly in the highly mineralized Quesnel Trough. The Company owns 4 properties totaling over 17,937 hectares of land in Canada's largest known porphyry gold-copper belt.
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, Daryl Hanson, P.Eng.
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.