Since the 1500's, Aztec gold has been the basis of adventure, mystery and myth. So has the speculation of the location of the mythical place of origin of the Aztec people known as Aztlan. Yet, many historians believe that the region in the vicinity of Rochester's Mina Real Property is a likely local.
It is with this sense of conviction that Rochester management chose to use this powerful symbol used by the Aztec people to indicate the location of gold and silver as the Company's logo. The symbol is a representation of the strategic importance we are placing on our Mina Real concessions located in the state of Nayarit.
The state of Nayarit is located in the Sierra Madre Occidental range which is the largest epithermal precious metal region in the world and hosts a majority of Mexico's gold and silver deposits.
Rochester's strategic objective is to acquire gold/silver properties located in this region of Mexico with the indicated potential for near-term production in the range of 200-500 tonnes/day and good exploration potential for the generation of a significant resource base. To date, exploration work has identified over 3 kilometers of quartz gold-silver vein structure on the Mina Real Property. The vein structures appear to have a vertical continuity of over 250 meters, as observed from surface outcrop to the bottom lowermost developed adit of current workings. Based on average head grades experienced in the bulk samples mined in mid-2005, management believes this strategic property has excellent potential for the early development of a significant long-term revenue stream which would set the stage for the acquisition and development of a series of similar size mining and milling operations in the region.
Mina Real Property
The Company has acquired an option to earn up to a 51% interest in a gold/silver project comprising 3,400 hectares of exploration and mining concessions located near the capital city of Tepic, in the state of Nayarit, Mexico (the "Mina Real Property") as follows:
An initial 20% interest on funding the first US$750,000 towards the 2006 work program;
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A further 20% interest on funding the second US$750,000 towards the 2006 work program; and
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A further 11% on payment of US$900,000 to our joint venture partner at the minimum rate of US$75,000 per month commencing mid-2006 with each payment vesting a 0.9166% interest.
Negotiations are underway relative to the purchase of the remaining 49% interest in this property.
Prior to Rochester's involvement, over 1,500 meters of development work has been completed in the initial target mining area of the Florida vein structure. In mid-2005 a bulk sample of approximately 4,400 tonnes was mined from this structure. The average head grade was about 8.3 grams of gold and 165 grams of silver as assayed by the owner. Access is good to the mine location through 2.5 kilometers of recently developed road with water and power sources close to the proposed milling operation.
Property Potential
Recent geological field work, such as geological mapping, limited trenching and drill core examination, indicates that the Florida Vein system may have good continuity to the northwest for at least another kilometer from the mine area. The vein structure appears to have a vertical continuity of over 250 meters, as observed from surface outcrop to the bottom lowermost developed adit, and in places reaches a true thickness of over 3 meters.
Based on over 3 kilometers of quartz gold-silver vein structure identified on the Mina Real Property to date and the average head grades experienced in the bulk samples mined in mid-2005 and earlier, management believes there is excellent potential for the early development of a significant long-term revenue stream.
Website: http://www.rochesterresourcesltd.com/
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