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Rokmaster Resources has optioned 100% of the J & L Property from Huakan International Mining Inc

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The project includes mineral claims, surface lands, crown grants, equipment, more than 3 kilometers of operational underground workings, 315 diamond drill holes with more than 41,000 meters of drill core.

Additional Information:

Company: Rokmaster Resources
Website: http://www.rokmaster.com
Stock Symbol: TSXV: RKR
Date Published: Dec 30, 2019
Transcript: Available

Video Transcript:

I’m Fiona Forbes for Investmentpitch Media

Rokmaster Resources has optioned 100% of the J & L Property from Huakan International Mining Inc.

The 3,151 hectare property, located 35 kilometers north of Revelstoke, British Columbia, hosts one of the largest undeveloped precious and polymetallic deposits in B.C.

The project includes mineral claims, surface lands, crown grants, equipment, more than 3 kilometers of operational underground workings, 315 diamond drill holes with more than 41,000 meters of drill core.

It also includes a fully functional 40 person all weather camp, offices and maintenance shop and all associated assets including a CP rail siding and concentrate loadout facility in the City of Revelstoke, just 45 kilometers from the property by an all-weather road.

Mike Cowin, Chairman, stated: “This project, which we are calling the Revel Ridge Project, gives Rokmaster the opportunity to rapidly develop two significant precious and polymetallic mineral deposits situated in a favourable location with year-round road access and good potential for expansion.”

Numerous exploration companies including several major mining companies have explored and advanced the Property deposits since the Main Zone’s discovery in 1912.

The Property has two known and significant precious and polymetallic mineral deposits.

The Main Zone is a structurally controlled replacement deposit overprinting a pre-existing silver-lead-zinc deposit known as the Yellowjacket Zone.

The Main Zone has been traced on surface by geological mapping, prospecting, trenching and soil sampling for a strike length of over 3 kilometers and traced by drilling for 1,500 meters in strike length and 800 meters down dip.

The zinc-silver-lead-rich Yellowjacket Zone is considered to be an Irish type carbonate replacement deposit composed of multiple parallel siliceous sphalerite-galena bearing zones.

Rokmaster believes that both the Main Zone and the Yellowjacket Zone have potential for expansions, remaining open in a number of directions.

In March 2018, Golden Dawn filed a NI 43-101 Technical Report on the property, which included this table, prior to terminating its option in December 2018.

However, as a qualified person has not, on behalf of Rokmaster, done sufficient work to classify the Historic Estimate, Rokmaster is not treating the Historic Estimate as current mineral resources or mineral reserves.

To exercise its option, Rokmaster must pay Huakan a total of $44.2 million over 5 years and complete an updated Preliminary Economic Assessment on the Project on or before the first anniversary of the effective date, which is the date of the TSX Venture Exchange approval.

The property is currently under litigation between Huakan and a 3rd party, which Huakan believes has no merit.

Should this assumption prove incorrect, Huakan will refund all cash payments made by Rokmaster.

The shares are trading at $0.05.

For more information, please visit www.rokmaster.com, contact John Mirko, President and CEO, at 604-290-4647 or email info@rokmaster.com. I’m Fiona Forbes for Investmentpitch Media