The survey will cover approximately 120 square kilometers at 150 meter line spacings over the entire property at a cost of approximately $150,000.00.
The survey will produce Dighem EM anomaly maps, resistivity maps, calculated, vertical gradient magnetic maps and U, Tn, K and TC alteration maps. All of the above are tools to locate IOCG targets on the company’s 8,051 hectare (19,897 acre) property located 8 km south of New Hazelton, BC.
The claims contain the historical Rocher DeBoule mine, the Victoria Mine, Highland Boy, and Cap workings and veins. Historical production and work are described below:
HIGH GRADE PRECIOUS AND BASE METAL VEINS HISTORICAL PRODUCTION
|Victoria **||90||(3.62 opt)
|Highland Boy||75||(.05 opt)
**One high-grade shipment of 23 tons averaged 6.25 opt gold.
As reported by A.A. Burgoyne, P.Eng., MSc., in his NI43-101 report dated February 7, 2006, the Rocher Deboule property potential exists for an IOCG as well as porphyry and quartz sulphide vein style mineralization near surface and at depth. An excerpt from the report as follows:
“In 2002, (Kikauka 2002) Ministry of Energy and Mines, Geology Survey Branch published Re-Oxide Cu-Au (IOCG) deposit potential which lists the mew major mineral deposits recently discovered e.g., Olympic Dam (Southeast Australia), 2 billion tones grading 1.6% Cu, 0.04% U3O8, 3.5g/t Ag, 0.6 g/t Au, and Candelaria (Northern Chile), 366 million tones 1.08% Cu, 0.26g/t Au, 4/5 g/t Ag. The IOCG deposit characteristics are high iron content (hematite and/or magnetite), albite, K-feldspar, sericite, carbonate, chlorite, quartz amphibole, pyroxene, biotite, tourmaline and apatite gangue, with geochemically anomalous Fe, Cu, Au, Ag, Co, P, U, and Rare Earth Elements (REE) (Eckstrand et al. 1995), (Webster 2002). The Geological Survey Branch of British Columbia (2001) lists the Rocher Deboule area as having Regional Geochemical Stream sediments >95th percentile for Au, La, Fe, & Cu. The Rocher Deboule also contains geochemically anomalous values in Co, U, and REE as well as most of the gangue minerals common to IOCG deposits. The deep-seated structural setting of the Rocher Deboule occurrence combined with a geochemical signature possibly similar to other IOCG deposits increases the potential for an IOCG-type high grade and tonnage resource at depth. The Rocher Deboule can be classified as a vein/replacement type of occurrence, but the geochemical signature similar to known IOCG deposits suggests that the consideration be given to deeper exploration for porphyry mineralization. The anomalous lanthanum defined by the BC Geological Survey regional stream sediment surveys for the area and the anomalous air magnetic pattern defined by the Geological Survey of Canada are good indicators of iron-oxide-copper-gold style mineralization. The historical air magnetic coverage for the Property and surrounding area is given in Geological Survey of Canada Geophysics paper 5245. (NI43-101 report dated July 7, 2006). It should be noted that there is a large magnetic anomaly with a +6500 gamma high. The air magnetic anomalies for IOCG deposits can be regional and are related to magnetite and/or coeval igneous rocks.” See attached map.
The following exploration program is planned as recommended by Burgoyne (2006) and the Company’s technical team.
1) A Stage One program of road access and repairs, 1200 level portal rehabilitation, surveying, geological mapping of quartz sulphide precious base metal veins and IOCG (iron-oxide copper-gold) and porphyry alteration and mineralization at an estimated budget of $54,000.
2) An air magnetometer survey (including radiometrics) estimated to cost $150,000 (commercial).
3) Based on the above results a Stage Two program consisting of mapping, geophysical and geochemical surveys and diamond drilling of 1,000 meters estimated to cost $426,000.
This press release has been reviewed for technical accuracy by Richard Addison PEng., a qualified person under NI43-101.
On behalf of Management
ROCHER DEBOULE MINERALS CORP.
“Larry W. Reaugh”
Larry W. Reaugh
President and Chief Executive Officer