Razore Rock Resources Inc.

December 07, 2010 10:15 ET

Razore Rock Completes NI 43-101 Report for Duff Claims Property

TORONTO, ONTARIO--(Marketwire - Dec. 7, 2010) - Razore Rock Resources Inc. ("Razore" or the "Company") is pleased to announce that a National Instrument (NI) 43-101 Technical Report has been completed for its Duff Claims Property located in the Flin Flon Area, Manitoba. The report was completed by Mark Fedikow, Ph.D., P.Eng. P.Geo. C.P.G. of Mount Morgan Resources Ltd., an independent geological consultant of Manitoba. The entire report dated November 30, 2010 and titled "Geology and Mineralization on the Duff Claims, Flin Flon Area (NTS 63K14/NW), Manitoba" can be viewed at www.sedar.com

The property is located 33 km east-northeast from the mining community of Flin Flon, Manitoba, near the central portion of the Flin Flon – Snow Lake volcanic belt, which stretches from Amisk Lake (Saskatchewan) to Wekusko Lake, east of Snow Lake, Manitoba. The Flin Flon-Snow Lake greenstone belt is renowned for base metal massive sulphide-type mineralization accompanied by significant precious metal credits.

Historic exploration in areas immediately adjacent to the Duff Claims have indicated the presence of a specific set of geological characteristics that can be expected to apply to exploration on the Duff Claims. This includes the species of sulphide minerals associated with gold mineralization and accompanying styles of alteration. Esso Minerals drilling in the 1980s revealed that visible gold mineralization in the area of the Duff Claims was associated with up to 5% pyrite, plus minor pyrrhotite, galena, chalcopyrite and trace arsenopyrite mineralization. This mineralization occurred within a multi-deformational, multi-episodic quartz injected, brittle-ductile deformation zone. Alteration associated with the high-grade gold consisted of silicification, biotitization, and quartz veins, but lacked significant carbonatization. This alteration is similar to much of the alteration associated with elevated gold values intersected by Esso's 1988 drilling along the Sourdough Bay Fault. Grab and chip samples along this Fault assayed up to 3.48 oz/ton Au and points to the potential for high-grade gold mineralization in the Duff Claims environment.

Applied geochemical surveys have indicated the presence of strongly elevated precious and base metal anomalies on the Duff Claims and represent viable exploration tools for future work on the property. An integrated geological-geophysical-geochemical exploration program is recommended to delineate diamond drill targets.

Mount Morgan Resources Ltd. recommends an exploration program totalling CAD$546,105 in two phases: Phase One comprised of line/grid cutting, Induced Polarization (I.P.) and magnetometer surveys and soil geochemistry sampling to define drill targets; followed by Phase Two comprised of 2,000m of diamond drilling.

The information in this news release has been reviewed and approved by Mark Fedikow, P.Eng. P.Geo. C.P.G., a Qualified Person in accordance with the Canadian regulatory requirements as set out in NI 43-101.

Forward Looking Statement:

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. Razore undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.

Contact Information

  • Razore Rock Resources Inc.
    Mr. William R. Johnstone
    Secretary-Treasurer and a director of the Company
    (416) 865-6605