BRITISH COLUMBIA – ROCA MINES of Vancouver is fast-tracking the development of its MAX molybdenum project near Revelstoke. This will be the first new metal mine built in the province in nearly a decade. Redevelopment of the underground workings will start by the end of July 2006, with production scheduled before the end of this year.
Detailed surveying and preliminary surface work at the proposed mill location at the MAX site are also now in progress. As previously reported, Roca has acquired, and is currently dismantling, a complete 900-tonne/day mill and concentrator. With that acquisition, the company also obtained the original engineering plans for the mill facility allowing for rapid dismantling, transport and reconstruction of the mill and related equipment. Plant site foundation work at the MAX project is on schedule to begin this month.
Roca’s Phase I mining plan will focus on the deposit’s high-grade zone containing measured and indicated reserves of 280,000 tonnes grading 1.95% MoS2 (approximately 7.2 million lb of contained molybdenum). Mine expansion will be determined by prevailing prices for molybdenum in 2007 and beyond. Get the latest news at www.RocaMines.com.