VANCOUVER, Sept. 28, 2017 /CNW/ - Rokmaster Resources Corp. ("Rokmaster" or the "Company") is pleased to announce that it has acquired by way of a Property Purchase Agreement (the "Acquisition"), a 100% interest in 11 mineral claims (the "Property") totaling 620 hectares south of and adjacent to, its Duncan Lake Zinc Project.
The Property forms part of the Company's Duncan South Area which now covers over 12km of important southerly extensions of both limbs of the Duncan Anticline, where it comes to surface. Documented historical mineral occurrences located on the Property include the No. 1, No. 2, No. 3 and VIN Zones. A persistent zone of zinc-lead mineralization up to 3m thick, 30m high and exposed for 90m along strike in an old adit is reported to average 6.36% zinc and 2.46% lead across 1.13m width over the entire length of the zone.* Prospecting for silver and gold enriched silicified zones in the hanging wall of the zinc-lead zone has commenced along a 5km portion of the trend north of the No. 1 Zone.
Terms of the Acquisition include a share payment of 450,000 shares of the Company's stock and a 2.5% Net Smelter Return Royalty ("NSR") in favor of the arms-length seller. The NSR is subject to a buy-back provision providing the Company with the exclusive option, at any time if it so chooses, to purchase 1% NSR upon payment of $500,000 and the remaining balance of 1.5% NSR upon payment of an additional $500,000. The Acquisition is subject to the approval of the TSX Venture Exchange.
*(Duncan No.1. MINFILE No. 082K SE019, "Berens River Mines Annual Report, 1952")
R.A. (Bob) Lane, M. Sc., P. Geo., a consulting geologist, is a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mining Projects and has reviewed and approved of the technical disclosure in this news release.
