The purchase price is $300,000 in cash and 500,000 shares as follows:
i. $25,000 cash, upon the signing date (“SD”) and 350,000 shares of Rocher Deboule Minerals Corp., as soon as the option agreement is approved by the regulatory authorities;
ii. $35,000 cash, 150,000 shares of Rocher Deboule Minerals Corp. by or before 1 year of SD;
iii. $45,000 cash by or before 2 year of SD
iv. $45,000 cash by or before 3 year of SD
v. $150,000 cash by or before 4 year of SD
The property is subject to a 1% NSR which may be purchased for $300,000 in the next ten years.
The mineralized area extends over an area of 12 kilometers in length and up to 4 kilometers in width. Mineralization consists of irregular lenses scattered along the contact between the limestone and argillite. The fluorite area contains a historical resource of 2.6 million tonnes grading 30% CaF2 (of which Rocher Deboule has optioned the northern section) as reported on page 291 of the 1986 Report on Canadian Mineral Deposits, Energy, Mines and Resources Canada. The main showing on the Tam deposit is reported to have indicted potential of more than 450,000 tonnes averaging 36.7% CaF2 as reported in Minefile No. 094M 005.
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 estimates should not be relied upon.
The following drill hole results on the Tam showing as reported in the 1972 publication of Geology, Exploration and Mining in British Columbia.
Significant drill holes assays from page 595 are:
The property hosts 7 other mineralized occurrences known as Fly, Camp, Coral, Teaser, Fire, Cliff and Nik.
Fluorite is used as a flux in steel and aluminum processing. It is also used as a source of fluorine for hydrofluoric acid and fluorinated water. There is currently a shortage of fluorine for fluorinated water and the price of fluorine has moved up from $50.00 to $240.00 US/tonne.
About Rocher Deboule Minerals Corp.
Rocher Deboule Minerals Corp. is a diversified exploration and development company focusing its attention on mineral properties and commodities used in the steel manufacturing industry.
This press release has been reviewed by John W. Fisher, C.Eng., P.Eng., a qualified person as defined by NI 43-101
On behalf of Management
ROCHER DEBOULE MINERALS CORP.
“Larry W. Reaugh”
Larry W. Reaugh
President and Chief Executive Officer