BRITISH COLUMBIA - ROCA MINES of Vancouver has agreed to purchase a complete 900-tonnes/day mill and concentrator for its MAX molybdenum project 60 km southeast of Revelstoke. Through its subsidiary FORTYTWO METALS, the company will pay US$325,000 for the Van Stone mill located near Colville, Washington state.
The mill was originally built by ASARCO to process lead/zinc ore from the Van Stone mine, most recently in 1993. It is located approximately 380 highway kilometres south of the MAX site. The millincluding buildings, crushing, grinding and flotation circuitswill be dismantled and moved. Importantly, complete engineering drawings for the mill buildings and equipment will allow for rapid reconstruction at the MAX site.
Using the existing production-sized underground access to the MAX deposit and moving the Van Stone mill will allow Roca to fast-track initial high-grade mine production. The mill capacity is greater than the planned initial mine production rate of 500 tonnes/day, and future expansion of the mine will be considered depending on prevailing molybdenum prices and an assessment of ongoing operating costs in late-2006 and 2007.
Details of the MAX project are posted at www.RocaMines.com.
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