Rocher Deboule Manganese Exploration Update and Yearly Review
Added January 4th, 2008 – Vancouver, British Columbia
Larry W. Reaugh, President & CEO of Rocher Deboule Minerals Corp. (RD.H: NEX.V; PINK SHEETS: RDBHF) is pleased to report the Company has completed 6 holes prior to the Christmas holidays on their Artillery Peak manganese property located in Mohave County, Arizona. The 6 holes were drilled along a north/south direction over a horizontal distance of 1600 meters (5,200 feet). All the holes encountered manganese mineralization varying from 7.6 meters (25 feet) to 40 meters (130 feet) in thickness at shallow depths.
The Company will be applying to drill an additional 9 holes early in January 2008, increasing the drill program to 25 holes from 16 holes. All of the core (HQ size) will be logged and stored at a secure location off site. Norm Tribe, P.Eng, has set up the protocol for handling, sawing and assaying the core. Currently two geologists are employed full-time along with Norm Tribe, P.Eng, on the exploration program. The first core is expected to be shipped for assay early next week.
During 2007 Rocher Deboule has made significant progress on exploration and acquisitions. The acquisitions fit the company’s business plan to become a supplier of raw material required in the steel manufacturing business.
December 21, 2007 – Application for Tier II Listing
The Company completed its NI 43-101 report by A.A. Burgoyne, P.Eng on their IOCG target south of Hazelton, BC. The Company has also applied for a Tier II listing on the TSX Venture Exchange.
December 17, 2007 – Financing
The Company negotiated a brokered private placement (subject to a tier II listing) with Haywood Securities Inc. to raise $1,503,000.00 from a unit offering of 3,340,000 shares at $0.45 per share with a two year warrant exercisable at $0.90 per share.
December 5, 2007 – IOCG Target (8,050 hectares) 19,896 acres
Rocher Deboule announced results of their 6 hole helicopter supported diamond drill program on the Highland Boy high grade vein, (IOCG target) 2 holes extended the dip length of the vein to 105 and 130.8 meters where high grade intercepts ranged for .52 to 2.18 meters in width (see release dated December 5, 2007).
October 2 & September 10, 2007 – Niobium Acquisitions
Rocher Deboule acquired the Brent and Lonnie carbonatite claims 3,477 hectares (8,460 acres). The two showings defined by trenching (1970’s)have a combined strike length of 620 meters (2,040 feet) with widths up to 40 meters grading .20% Niobium.
Niobium’s primary use is in the low alloy steel production (85%) and currently trades at about $25.00 US/lb.
August 30, 2007 – Fluorite Acquisition (1,805 hectares)
The mineralized area extends over 12 kilometers in length and up to 4 kilometers in width. Mineralization consists of irregular lenses scattered along the contact between the limestone and argillite. The fluorite area contains a historical resource of 2.6 million tonnes grading 30% CaF2 (of which Rocher Deboule has optioned the northern section) as reported on page 291 of the 1986 Report on Canadian Mineral Deposits, Energy, Mines and Resources Canada. The main showing on the Tam deposit is reported to have indicted potential of more than 450,000 tonnes averaging 36.7% CaF2 as reported in Minefile No. 094M 005.
Where historical estimates are referred to, the Company has no classification of the resource or reserve, and the Company has not obtained enough of the original data and has not done the work necessary to verify the classification of a resource or reserve. The Company is not treating the estimates as a NI 43-101 defined resource or reserve verified by a qualified person, and the historical estimates should not be relied upon.
The following drill hole results on the Tam showing as reported in the 1972 publication of Geology, Exploration and Mining in British Columbia.
Significant drill holes assays from page 595 are:
|Hole #1||0-89’||48% CaF2|
|Hole #4||10-50’||53% CaF2|
|Hole #6||6-76’||9% CaF2|
|Hole #9||0-110’||25% CaF2|
Fluorite is used as a flux in steel and aluminum processing. It is also used as a source of fluorine for hydrofluoric acid and fluorinated water. There is currently a shortage of fluorine for fluorinated water and the price of fluorine has moved up from $50.00 to $240.00 US/tonne.
August 29, 2007 – Aeromagnetic Survey
Fugro Airborne Surveys Corp. completes aeromagnetic survey over the total IOCG target mineral claims.
The magnetic high covers an area measuring approximately 7,000 x 6,000 meters in area with corresponding radiometrics of thorium, uranium and potassium. Results are being evaluated in preparation of a 2008 drill program.
July 17, 2007 – BC Manganese Properties
The Company acquired a 100% interest in three reported mineral properties in the Clinton (2) and the Alberni (1) mining districts. The properties host narrow high grade manganese occurrences assaying from 15.8 to 45.78% Mn (see press release dated July 17, 2007)
June 5, 2007 – Artillery Peak Manganese Property
The Company purchased a 100% interest (subject to a 2% NSR) in the Artillery Peak Manganese Properties located in the southeastern corner of Mohave County, Arizona, U.S.A., 30 miles due east of the Parker Dam on the Colorado River.
The Manganese Properties encompass 90 unpatented lode mining claims on which are located several deposits and stockpiles that were worked sporadically from 1928 to 1952.
Nine channel, muck and grab samples taken by Norm Tribe, P.Eng, averaged from 2.79 – 31.50% Mn (see NI 43-101 Report on the company’s website).
The Manganese Properties contain several abandoned open pit mines, underground mine workings and stockpiles (See photos at www.rdminerals.ca) which produced manganese in the past for delivery to various steel mills and the U.S. government strategic materials stock piles.
The Company is currently diamond drilling to identify higher grade resources within their portion of the historically estimated 175,000,000 tons averaging 3.5 – 4% Mn (as reported on page 31 of the 1958 Information Circular #7843 titled Manganese Deposits of Western Arizona by L.L. Farmham and L.A. Stewart). The Information Circular describes the Artillery Peak area, measuring 8 miles by 3 miles as being generally recognized as containing one of the “largest resources of low grade manganese-bearing material in the United States”.
Where historical estimates are referred to, the Company has no classification of the resource or reserve, and the Company has not obtained enough of the original data and has not done the work necessary to verify the classification of a resource or reserve, the Company is not treating the estimates as a NI 43-101 defined resource or reserve verified by a Qualified Person, and the historical estimate should not be relied upon.
Manganese is used in the production of iron and steel. As the demand for iron and steel rises the demand for manganese rises proportionally. Worldwide production of manganese alloys reached 11.8 million tonnes in 2006 (up 14% from 2005) with China producing 42% or 4.9 million tonnes. China is currently looking at measures to control production by increasing export taxes by 20%. Manganese prices have increased from US $1,225 / tonne to US $3,300 / tonne since December 31, 2006.
About Rocher Deboule Minerals Corp.
Rocher Deboule Minerals Corp. is a diversified exploration and development company focusing its attention on mineral properties and commodities used in the steel manufacturing industry.
This release has been reviewed by Richard Addison, P.Eng, a qualified person pursuant to National Instrument 43-101.
On behalf of Management
ROCHER DEBOULE MINERALS CORP.
Larry W. Reaugh
President and Chief Executive Officer