Rocher Deboule Minerals Corp. (RD.H: NEX.V; PINK SHEETS: RDBHF) reports the Company has entered into an agreement to purchase, subject to regulatory acceptance, the Artillery Peak manganese properties (the “Manganese Properties”) from Jim N. Marin and Tim Neal (the “Prospectors”). The Manganese Properties are located in the southeastern corner of Mohave County, Arizona, U.S.A., 30 miles due east of the Parker Dam on the Colorado River. The purchase price for the Manganese Properties is 1,000,000 free trading Company shares subject to a four month and one day hold period, and USD$96,000 cash, subject to a 2% net smelter return royalty (“NSR”) with a right to buy back 1% of the NSR for USD$2,000,000 The Manganese Properties encompass 90 unpatented lode mining claims on which are located several deposits and stockpiles that were worked sporadically from 1928 to 1952 (“Manganese Deposits of Western Arizona” in 1958 Information Circular #7843 (the “Information Circular” by L.L. Farmham and L.A. Stewart). The Information Circular describes the Artillery Peak area, measuring 8 miles by 3 miles as being generally recognized as containing one of the “largest resources of low grade manganese-bearing material in the United States”.
Samples obtained by the Prospectors in 2007 are as follows:
|Sample Number||Location||% of Mn|
|Mn-1||Grab Sample from subcrop||18.02%|
|Mn-5||Grab Sample from outcrop||17.41%|
|Mn-6||Sample of Maganifourous sandstone||00.13%|
|Mn-7||5 ft subcrop grab sample – east of McGregor Pit||43.39%|
|Mn-8||10 ft vertical chip sample on bench of McGregor Pit||9.96%|
|Mn-9||Representative grab sample from stockpile||11.36%|
|Mn-10||Grab Sample from McGregor Mine Dump||50.83%|
|Mn-11||Representative sample – Black Crow Stockpile||17.97%|
|Mn-12||5 ft chip channel from Loves Adit||17.95%|
|Mn-13||Representative sample Loves Adit stockpile||42.88%|
|Mn-14||Representative sample of bedded black sandstone||13.71%|
|Mn-15||Grab sample of black sandstone||30.36%|
|Mn-16||Representative grab sample from sandstone trench||11.78%|
|Mn-19||Stream sediment from Chapin Wash||2.48%|
Assays on the above samples were conducted in 2007 by Inspectorate American Corp., Nevada, which operates using industry standard methods, quality assurance and control procedures.
|Sample Number||Location||% of Mn|
|Mn-18||4 ft chip sample from Mudstone on claim Chapin #19||2.21%|
|Mn-20||Grab sample from Black Cap south of McGregor Pit||20.2%|
|Mn-30||8 ft. channel sample from McGregor Pit bench||14.65%|
|Mn-31||6 ft. channel sample from McGregror Pit||15.40%|
|Mn-32||5 ft. chip sample from Prospect Pit Alamo Queen||6.44%|
|Mn-33||6 ft. chip sample from black Sandstone, Chapin #19||1.87%|
|Mn-34||Grab sample from Chapin #19||5.70%|
Assays on the Prospector’s samples 18, 20 and 31-34 were conducted by ALS Chemex, Sparks, Nevada which operates using industry standard methods, quality assurance and control procedures.
The following further assays were taken by Norm Tribe, P. Eng. in preparation for his NI 43-101 report on the manganese properties.
|Sample Number||Location||% of Mn|
|64-302||5 ft. channel – lower section McGregor Pit face||17.95%|
|64-303||5 ft. channel – middle section of McGregor Pit face||17.00%|
|64-304||5 ft. channel – upper section of McGregor Pit face||2.79%|
|64-305||Muck sample from the stockpile in McGregor Pit||31.50%|
|64-306||Muck sample from the stockpile in McGregor Pit||13.15%|
|64-307||Scree below Black Scat outcrop||16.95%|
|64-308||4 ft. channel sample from Loves Adit||17.25%|
|64-309||Muck sample from the stockpile at Loves Adit||10.75%|
|64-310||Grab sample from the adit in Chapin Wash||3.25%|
Sample preparation was done by ALS Chemex, Sparks, Nevada, and assaying was done by ALS Chemex, North Vancouver, BC, using industry standard methods, quality assurance and control procedures.
The Manganese Properties contain several abandoned open pit mines, underground mine workings and stockpiles (See photos at www.rdminerlas.ca). The following mines have produced manganese in the past for delivery to various steel mills and the U.S. government strategic materials stock piles. These mines make up part of the Company’s holdings:
- The McGregor Pit and McGregor Group (includes the Black Jim Lode);
- The Black Crow Mine and Claim Group;
- The Psilomelane (Love Mine & Prospects);
- The Black Warrior Mine;
- The Hurley Mine & Claim Group;
- The Plancha Claim Group (Planch Mountain);
- The Alamo Queen & Unpatented Claim Group;
- Parts of The Rudy Claim Group (West of Alamo Queen);
- The Javelina Group (In Section 17 & 18, T11N, R13W) which may be the Burmister i.e. Black Magic Mine; and
- Mesa No. 5 and Mesa No. 27 in the Maggie Wash Area.
The Company plans to commence extensive drilling programs in the fall of 2007 in order to identify higher grade resources within the historically estimated 175,000,000 tons** averaging 3.5 – 4% Mn (as reported on page 31 of the Information Ciruclar).
**Where historical estimates are referred to, the Company has no classification of the resource or reserve, and the Company has not obtained enough of the original data and has not done the work necessary to verify the classification of a resource or reserve, the Company is not treating the estimates as a NI 43-101 defined resource or reserve verified by a Qualified Person, and the historical estimate should not be relied upon.
Manganese is used in the production of iron and steel. As the demand for iron and steel rises the demand for manganese rises proportionally. Worldwide production of manganese alloys reached 11.8 million tonnes in 2006 (up 14% from 2005) with China producing 42% or 4.9 million tonnes. China is currently looking at measures to control production by increasing export taxes by 10%. Manganese prices have increased 302% from US $1,225 per ton to US $4,050 per ton since December 31, 2006.
Manganese (Mn) is a critical component in metallurgical applications. It has a two-fold application in that it scavenges impurities such as oxygen, sulphur and other elements during the steel-making process as well as adding toughness, hardness and abrasion resistance to steel in the form of an alloying component. Approximately 90% of the manganese consumed in the world is used in manganese ferroalloys as well as manganese metal in the production of iron and steel. Manganese metal is also used in the production of nonferrous products such as aluminum alloys. The non-metallurgical applications include manganese chemicals for use in fertilizer, bricks, paint and water purification. Manganese ore minerals are manganite, pyrolusite, psilomelene and rhodochrosite. China, South Africa, Australia, and Gabon are the world’s major producers of manganese.
There are currently no known effective substitutes for manganese in the steel making industry.
This press release has been reviewed by Norm Tribe, P. Eng., a qualified person under NI 43-101.
The above transaction is subject to Regulatory Approval. The TSX-Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. 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. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the TSX Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.
On behalf of Management
ROCHER DEBOULE MINERALS CORP.
“Larry W. Reaugh”
Larry W. Reaugh
President and Chief Executive Officer