News for 'RCKE' - (Rock Energy Provides Monthly Operations Update)
HOUSTON, Jan 30, 2012 (BUSINESS WIRE) -- Rock Energy resources, Inc. (symbol:
RCKE.PK) as previously announced Rock Energy is providing a monthly operations
update. Among the most critical elements of the report are the followin! g:
1. The hiring of several new employees has allowed for stepped up operations at
the Red Arrow mine itself as we gear up for maximum output of ore. We expect to
have several thousand tons ready by early Spring when larger mill comes on.
2. To date we have processed and transported over 100 tons to the first mill
location.
3. The initial 3-5 ton per day mill has been fully operating and tested for
enhanced output. This will allow us to come online more quickly with the larger
200 ton per day mill.
4. From what has been run through at this early stage the results are very
encouraging with yields thus far above the 1 ounce per ton.
5. Our operational team is ahead of schedule thus far on the parts scheduled for
delivery for the larger 200 ton per day mill scheduled for initial testing
March- April 2012.
6. We are scheduled to begin the 43-101 process with an initial survey that will
allow us to identify, hi! gh-grade and drill to best locations. This will also
guide us for f uture development of our property.
Commenting on the operations progress report, Rocky V. Emery, Chairman and CEO
of RCKE stated, "Our operations team continues to exceed our expectations as
they have from the start. We look forward to being a company that will mine,
mill and be the only company in the area that will have the capability to
produce a bullion product. We will continue to work diligently on ALL fronts and
will continue to keep our shareholders up to date both operationally and on the
filing of our updated financials."
Cautionary Statements
CAUTIONARY STATEMENT REGARDING FUTURE RESULTS AND FORWARD-LOOKING STATEMENTS:
This Web site and press release contains information. Including statements as to
the Company's future financial or operating performance, that constitute
"forward-looking statements" within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchan! ge Act of 1934,
as amended, which statements are intended to be covered by the safe harbor
created by such sections and other applicable laws. All statements, other than
statements of historical fact, are forward-looking statements. The words
"believe", "expect", "anticipate", "contemplate", "target", "plan", "intends",
"continue", "budget", "estimate", "may", "will", "schedule" and similar
expressions identify forward-looking statements. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that, while
considered reasonable by the Company, are inherently subject to significant
business, economic and competitive uncertainties and contingencies. Known and
unknown factors could cause actual results to differ materially from those
projected in the forward-looking statements. Such forward-looking statements
include, without limitation: (i) estimates of future mineral production, results
and sales; (ii)! estimates of future costs applicable to sales, other expenses
and taxes, for specific operations and on a consolidated basis; (iii) estimates
of future capital expenditures, construction, production or closure activities;
(iv) statements regarding future exploration potential, asset potential,
potential resource expansion and targeted production; (v) estimates and
expectations regarding reserves, nonreserve mineralization and potential ounces;
(vi) statements regarding fluctuations in capital and currency markets; (vii)
statements regarding potential cost savings, productivity, operating
performance, and cost structure; (viii) expectations regarding the development,
growth, mine life, production and costs applicable to sales and exploration
potential of the Company's projects; and (ix) expectations regarding the impacts
of operating technical or geotechnical issues in connection with the Company's
projects or operations. Estimates or expectations of future events or results
are based upon certain assumpt! ions, which may prove to be incorrect. Such
assumptions, include, but are not limited to: (i) there being no significant
change to current geotechnical, metallurgical, hydrological and other physical
conditions; (ii) permitting, development, operations and expansion of the
Company's projects being consistent with current expectations and mine plans;
(iii) certain price assumptions for gold, copper and oil; (iv) certain effective
tax rate assumptions (v) prices for key supplies being approximately consistent
with current levels; and (vi) the accuracy of our current mineral reserve and
mineral resource estimates. Where the Company expresses or implies an
expectation or belief as to future events or results, such expectation or belief
is expressed in good faith and believed to have a reasonable basis. However,
forward-looking statements are subject to risks, uncertainties and other
factors, which could cause actual results to differ material! ly from future
results expressed, projected or implied by such forw ard-looking statements. Such
risks include, but are not limited to, gold and other metals price volatility,
currency fluctuations, increased production costs and variances in ore grade or
recovery rates from those assumed in mining plans, political and operational
risks in the jurisdiction in which we operate, changes in governmental
regulation, including taxation, environmental, permitting and other regulations,
and judicial outcomes The Company does not undertake any obligation to release
publicly revisions to any "forward-looking statement," to reflect events or
circumstances after the date of publication, or to reflect the occurrence of
unanticipated events, except as may be required under applicable securities
laws.
SOURCE: Rock Energy Resources, Inc.
CONTACT:
Rock Energy Resources, Inc.
Rocky V Emery, 832-301-5968
C: 832-691-7991
Chairman & CEO!
Managing Member American Patriot Gold
www.americanpatriotgold.com
Remery@americanpatriotgold.com
Copyright Business Wire 2012
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KEYWORD: United States
North America
Texas
INDUSTRY KEYWORD: Energy
Other Energy
Natural Resources
Mining/Minerals
SUBJECT CODE: ! Product/Service
AI
