“I noticed your recent article regarding NovaGold’s Galore Creek project and felt that it would be prudent to point out that, in fact, ROCA MINES (FortyTwo Metals) received a mining permit in November, 2005, for our MAX molybdenum project near Revelstoke, B.C., Doug Fosbrooke of Rocas investor relations department wrote to correct us. While Rocas permit comes under the small mines designation, nonetheless it is a permit and for a project that will begin mining/milling operations imminently.
“Roca will commence production from the high-grade MAX molybdenum deposit during the fourth quarter of 2007. The 43-101 resource of over 43.0 million tonnes grading 0.20% MoS2 contains over 113 million lb of molybdenum; however, Roca will initially focus on the 280,000 tonnes of nearly 2.00% MoS2 material during 2007-08. Expansion scenarios are planned as are enhancing Rocas permit to allow for greater throughput and the potential for 5.0 million lb/year of molybdenum production during the 2008-10 period.
“A diamond drill program targeting further potential molybdenum mineralization is underway and will be ongoing without disruption to mining operations,” Fosbrooke added.
CMJ Net News readers can look forward to coverage of the MAX moly project and its opening within the next few weeks.