DGAP-News: Big Rock Completes Equipment Testing and Commences Bulk Sampling Work Program on Lucky Thirteen Placer Gold Project
(firmenpresse) - DGAP-News: Big Rock Resources Inc. / Key word(s): Joint Venture
Big Rock Completes Equipment Testing and Commences Bulk Sampling Work
Program on Lucky Thirteen Placer Gold Project
15.08.2011 / 16:08
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VANCOUVER, BRITISH COLUMBIA CANADA -- (IMMEDIATE RELEASE) -- AUGUST 15,
2011
Big Rock Resources Inc. (1BR.F, ISIN CA0894851066, WKN A1JJYB, website -
http://bigrockresources.com) is pleased to announce that all the required
equipment is now on the property for completion of the bulk sampling work
program. The Company will release assay results to its shareholders as
soon as the results are available.
The Company will start bulk testing the property in a systematic method to
establish a comprehensive maximum recovery of the gold and other precious
metals within the gravels. This testing is designed to allow for the
enhancement of the total recovery of Precious metals (gold and platinum
group metals) by adjusting the recovery equipment during the bulk sampling
process.
The recovery equipment is designed not only to recover a very large portion
of the Gold contained on the property but to recover a large portion of the
Platinum Metals that previous sampling has discovered along with the Gold
on the property.
The Joint Venture plans a 60 to 90 test program involving excavated bulk
sampling in up to 12 test pits. The program is designed to verify the gold
content as reported by earlier operators and provide samples for process
design to optimize recovery for the mining campaign planned by the
partners. Reports from earlier evaluation and operation indicates the
gravels on the bar may contain mineable gold grades of approximately .05
ounces per cubic yard.
The companies are looking forward to initial recovery results and will keep
its shareholders updated as the results are forthcoming.
About the Lucky 13 Gold Placer Claim
The Lucky Thirteen Placer Claim, near Hope, BC, is 168 ha (415 acres) in
size. The claim is staked is on the historic Union gravel Bar, located on
the north bank of the Fraser River. The targeted deposit covers an area of
approximately 50 ha (124 acres) of the entire placer claim. Assuming
results as expected, the Joint Venture plans to initiate mining operations
as soon as all necessary approvals and equipment are acquired. Big Rock
Resources Ltd. has agreed to fund the initial evaluation program for
$400,000 USD, and provide funding up to $8.5 million USD to place the
property in full production.
About Big Rock Resources
Big Rock Resources was formed in January 2010. Big Rock Resources is a
resource company commercializing gold bearing properties in the Province of
British Columbia. The Company is currently focusing on the Lucky Thirteen
Placer Project near Hope, British Columbia,.
The Company is currently reviewing additional acquisitions in North
America, as well as potential joint venture opportunities in South America.
About Siga Resources Inc
Siga Resources Inc, founded in 2007, is based in South Lake Tahoe,
California. Siga is a mineral resource exploration and development company.
Siga's strategy targets properties that have the potential for near term
production and early positive cash flow. Siga's general geographical
interest is North and South America.
Forward-Looking Statements
You should not place undue reliance on forward-looking statements in this
press release. This press release contains forward-looking statements that
involve risks and uncertainties. Words such as 'will,' 'anticipates,'
'believes,' 'plans,' 'goal,' 'expects,' 'future,' 'intends,' and similar
expressions are used to identify these forward-looking statements. Actual
results could differ materially from those anticipated in these
forward-looking statements for many reasons, including the risks we face as
described in this press release.
Contacts:
Ken Van Boeyen
President
Big Rock Resources Inc.
703-938 Howe St.
Vancouver, BC V4Z 1N4
Phone: 1-604-800-2955
End of Corporate News
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