DGAP-News: Big Rock Resources announces Visible Gold Observed in Concentrate at Lucky Thirteen Placer Gold Project
(firmenpresse) - DGAP-News: Big Rock Resources Inc. / Key word(s): Development of Sales
Big Rock Resources announces Visible Gold Observed in Concentrate at
Lucky Thirteen Placer Gold Project
22.08.2011 / 19:15
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VANCOUVER, BRITISH COLUMBIA CANADA -- (IMMEDIATE RELEASE) -- AUGUST 22,
2011
Big Rock Resources Inc. (1BR.F, ISIN CA0894851066, WKN A1JJYB, website -
http://www.bigrockresources.com) is pleased to announce that Visible Gold
Observed in Concentrate at Lucky Thirteen Project. Mr. Ken Van Boeyen,
President of Big Rock Resources Inc. reports that free gold has been
observed in all concentrate samples recovered to date at the Lucky Thirteen
Project in the on-going bulk sampling program. The gold is in fine, flat
flake form and is being recovered with the heavy black mineral sands which
make up the majority of the recovered concentrate.
Ken Van Boeyen, President of Big Rock Resources says 'We are elated to
report that this visible Gold confirms that the recovery system is working
as designed. This is especially exciting as the price of Gold is now
reaching record highs above $1,800 per ounce.'
Big Rock Resources Inc., with its Joint Venture partner, Siga Resources
Inc., commenced the processing of gravels containing gold as part of the
bulk sampling pre-production program on the Lucky Thirteen Precious Metals
Project. Testing began on August 9, 2011. Platinum group metals have been
reported to exist in the gravels and will also be recovered in the process.
This processing of the gravels to recover the gold and platinum metals is
permitted by the Government of British Columbia, Canada thru the Department
of Natural Resources. Existing permits allow for the processing of 380,000
cubic meters or 420,000 cubic yards annually. The processing of these
gravels can be continuous after the initial program is completed. The
deposit has been estimated to contain 12 million cubic yards of gravels
which could allow for a production life of approximately 28 years at
planned rates
The recovery process produces a black mineral sand concentrate, consisting
primarily of magnetite, iron compounds and other minerals which are
heavier then the gravels and therefore are easily separated from the gravel
host resulting in the recovery of approximately 15 pounds of concentrate
per cubic yard processed. Gold and platinum group metals are recovered in
two forms, free visible metal and as inclusions or compounds locked inside
the black sand particles.
The black sand concentrates will be further tested by several procedures to
develop a consistent and efficient method to recover the maximum amounts of
both free and combined metals. The recovery of only free metal has been the
focus of most placer operations to date.
Recovery of precious metals in compounds or inclusions has generally not
been attempted in past operations at Lucky Thirteen. Technology for
recovery of metals in inclusions and combined complex mineralogy was
generally used only on non placer projects. Big Rock sees the application
of further processing of concentrates as an opportunity to maximize the
profitability of Lucky Thirteen.
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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