News for 'RCKE' - (Rock Energy Resources Provides April Month-End Update for Gold Mining Operations in Colorado)
HOUSTON, Jun 01, 2012 (BUSINESS WIRE) -- Rock Energy Resources, Inc.
(OTCQB:RCKE) today provided its monthly update on mining and related matters to
the Company.
Mining: Init! ial mining began on April 30 with an initial rate of 3 tons per day.
As of May 31, 2012 we were mining at a rate of 7 tons per day and continuing to
increase monthly.
Milling Operations: We are currently running approximately 7 tons per day of
high grade ore. The concentrates are then shipped for final processing.
Refining: At the end of May, we successfully tested our green refining process
that was implemented after a push back on the delivery of previously ordered
equipment. We are pleased with the results from the sample that was sold as .999
gold. We will continue to ship high grade concentrates for assays and
processing.
Core Analysis: Core analysis has begun on cores previously drilled. Core logging
from current core drilling has also begun.
Drilling: As of May 31, 2012, 485 feet of core has been produced. This is the
first of up to 6 holes in the fan drilling program previously announced.
43-101: Now that! the core drilling and analysis have begun, we are initiating
the 4 3-101 process. Management felt that this phase of the business plan should
begin once we had revenues. It was critical in our opinion to have revenues
first followed by a core drilling program.
Guidance: Our guidance for the second quarter financial results remains
unchanged.
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 Exchange 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", "exp! ect", "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
ex! ploration 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
assumptions, 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 e! xpansion 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 materially from future results expressed, projected or implied by such
forward-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 rec! overy rates from those assumed in mining plans,
political and opera tional 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.
Managing Member American Patriot Gold
Rocky V Emery, O: 713-400-3013 or C: 832-691-7991
Chairman & CEO
Remery@americanpatriotgold.com
Copyright Business Wire 2012
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KEYWORD: United States
! ; North America
Colorado
Texas
INDUSTRY KEYWORD: Energy
Other Energy
Natural Resources
Mining/Minerals
