Big Rock Resources Inc
Big Rock Resources announces Lucky Thirteen Placer- Metallurgical Update
Big Rock Resources Inc. / Key word(s): Miscellaneous Big Rock Resources announces Lucky Thirteen Placer- Metallurgical Update VANCOUVER, BRITISH COLUMBIA CANADA — (IMMEDIATE RELEASE) — /SEPTEMBER 12, 2011 Big Rock Resources Inc. (1BR.F, ISIN CA0894851066, WKN A1JJYB, website – http://bigrockresources.com) is pleased to report that the Lucky Thirteen bulk sampling program continues toward its conclusion on target and within the planned budget. It has been noted that there has been an increase in the amount of visible gold as the testing has progressed to the west portion of the property. The analysis and metallurgical study portion of the project has been initiated. Placer concentrate samples, taken discreetly from each 5 foot level in the test pits are continuing to show free gold. These several hundred pound samples are stored on site and representative portions are being sent for initial assay, as generated. Five separate concentrate samples were recently run over a production scale vibrating table, to test the ability to separate the visible free gold from the black sands. Vibrating or shaker tables are a common tool in placer mines and one of the most cost effective methods available. This test proved that the majority of free gold is separable by wet gravity methods and also generated composite samples which are designed to determine if precious metals values exist in the inner structures of the crystaline black sands and ultimately to determine if additional processing will add to the project economics. Analysis of the heads, middlings and tails of the shaker table test are currently underway. The Lucky Thirteen property is near Hope, BC, is 168 ha (415 acres) in size. The targeted deposit covers an area of approximately 50 ha (124 acres) of the entire placer claim. About the Lucky 13 Gold Placer Claim The Lucky Thirteen Placer Claim, near Hope, BC, is 168 ha (415 acres) in size. The claim is staked is on the historic Union gravel Bar, located on the north bank of the Fraser River. The targeted deposit covers an area of approximately 50 ha (124 acres) of the entire placer claim. Assuming results as expected, the Joint Venture plans to initiate mining operations as soon as all necessary approvals and equipment are acquired. Big Rock Resources Ltd. has agreed to fund the initial evaluation program for $400,000 USD, and provide funding up to $8.5 million USD to place the property in full production. About Big Rock Resources Big Rock Resources was formed in January 2010. Big Rock Resources is a resource company commercializing gold bearing properties in the Province of British Columbia. The Company is currently focusing on the Lucky Thirteen Placer Project near Hope, British Columbia,. The Company is currently reviewing additional acquisitions in North America, as well as potential joint venture opportunities in South America. About Siga Resources Inc Siga Resources Inc, founded in 2007, is based in South Lake Tahoe, California. Siga is a mineral resource exploration and development company. Siga’s strategy targets properties that have the potential for near term production and early positive cash flow. Siga’s general geographical interest is North and South America. Forward-Looking Statements You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as ‘will,’ ‘anticipates,’ ‘believes,’ ‘plans,’ ‘goal,’ ‘expects,’ ‘future,’ ‘intends,’ and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. Contacts: End of Corporate News 12.09.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
139021 12.09.2011 |