VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 3, 2008) - Rochester Resources Ltd. (TSX VENTURE:RCT)(OTCBB:RCTFF)(FRANKFURT:R5I) previously announced on November 21, 2008 the Company has entered into a joint venture agreement with E-Energy Ventures Inc. and Cooper Minerals Ltd. to each acquire an undivided 10-per-cent equity interest in Mina Real Mexico S.A. de C.V., and in return, E-Energy Ventures Inc. and Cooper Minerals Ltd. would each agree to fund $1,475,000 of work commitments and to provide additional funding of $1,050,000 by way of a private placement. Rochester has received an initial payment of $150,000 from both parties. The Company has made applications to the regulatory approval for this transaction and has been advised that the Company's submissions have been accepted for filing. The Company is seeking a further advance of $250,000 from each optionee while filings are vetted by regulatory authorities.
At the Mina Real mine the focus of the mining operations have been to develop workings and build up a stock-pile of mineralized material at the mill to ensure there is sufficient mill feed to maintain mill operations. Mining operations have commenced from the Company's silver-rich vein system, Tajos Cuates. The Tajos Cuates vein system is located 1 kilometre southwest from the Florida Mine site. Tajos Cuates is a robust low sulphidation epithermal vein system which has been traced on surface over 1.8 kilometres.
Production from Tajos Cuates will be the primary provider of mill feed within 4 weeks. The commencement of production from Tajos Cuates also coincides with the anticipated increase in silver recoveries from the now integrated Falcon Centrifugal Concentrator. The Company has identified in its mine plan three blocks that will be stoped immediately which will provide mill feed for the next several months producing first at 200 tpd and then ramping up to 300 tpd.
Simultaneously, drifting will be ongoing to advance into newly explored areas of the Tajos Cuates vein system. Previous drilling and sampling from programs in 2006 and 2007 yielded strong mineralized results from the top of the favourable horizon through to the bottom of the favourable horizon of the vein system. A vertical favourable horizon of approximately 200 metres has been defined to date.
Milling operations have been suspended until January 2009 as the Company implements the development from the Tajos Cuates area, assuring there will be sufficient mill feed and maintaining accurate grade control.
The Company does require additional working capital to maintain its mining program.
Examples of drill hole results from the Tajos Cuates area include Drillhole # 800-7-04 which cut 2.42 metres (est. true width 1.5 metres) and graded 4.9 g/t Au and 310 g/t Ag at the 915 metre elevation. Very high grade samples have also been collected with samples returning grades like
#751102 returning 17.85 g/t Au and 2110 g/t Ag over 1.6 metres (See Table 1 for complete results).
TABLE 1:
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TAJOS CUATES (Vein 2)
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Line # Sample # Width Au Ag
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(m) g/t g/t
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L9 751102 1.6 17.85 2110
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L10 751103 0.7 2.71 700
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L11 751104 0.6 2.68 479
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L12 751105 0.7 0.84 595
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L21 1003 1.2 5 1109
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L22 1007 0.9 3 362
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L23 1008 1.1 4.4 581
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L24 1009 1.1 2.6 499
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L25 1010 0.9 2.5 447
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L26 1011 1.1 4.5 403
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L27 1012 1 2.5 132
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L28 1013 0.9 7.3 593
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L29 LC99 1.2 16.1 930
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L30 LC30 0.5 5.2 944
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L40 TC-788 0.2 0.89 171
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L41 TC-787 0.4 7.49 358
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L42 TC-786 0.4 3.56 780
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L43 TC-785 0.4 12.2 1360
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L44 TC-784 0.4 4.82 661
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L45 TC-776 0.7 0.72 189
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L57 1001 1.2 4 504
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L58 1002 1.2 3.2 656
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TAJOS CUATES (Vein 1)
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Line # Sample # Width Au Ag
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(m) g/t g/t
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L1 751116 0.8 3.81 85
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L2 751115 0.5 15.5 669
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L3 751114 0.75 2.51 265
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L4 751109 0.75 5.88 278
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L5 751117 1 2.42 174
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L6 751118 1.07 0.13 52
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L7 751119 1 0.23 165
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L8 751120 1.3 0.77 100
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L13 751107 1.5 4.33 298
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L14 751109 0.75 5.88 278
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L15 751110 0.8 13.4 563
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L16 751111 0.75 164 316
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L17 751112 0.75 3.07 651
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L18 751113 0.7 12.6 2920
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L19 751101 1.6 3.5 801
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L20 751108 0.8 7.5 501
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L31 TC-799 0.8 8.95 384
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L32 TC-798 1.1 10.8 1050
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L33 TC-797 1 14.5 649
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L34 TC-796 1.2 29.8 1200
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L35 TC-795 0.75 11.2 728
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TC-794 0.9 9.89 287
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TC-793 0.5 37.9 911
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L36 TC-792 1.3 7.27 380
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L37 TC-791 0.8 35.2 798
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L38 TC-790 0.6 0.49 206
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L39 TC-789 0.9 2.04 232
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L46 TC-771 0.8 14.2 1150
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L47 TC-772 1.1 3.43 299
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L48 TC-773 1 3.84 406
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L49 TC-774 0.6 0.89 99
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TC-774 A 0.5 3.7 483
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TC-774 B 0.6 8.93 1440
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L50 TC-775 0.9 8.23 745
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L51 TC-777 0.7 3.58 1530
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L52 TC-778 0.5 1.48 664
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L53 TC-779 0.5 6.95 373
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L54 TC-780 0.8 2.07 307
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TC-780 A 0.6 2.47 511
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L55 TC-782 1.3 3.92 458
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L56 TC-783 1.1 4.17 312
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L59 TC-806 0.9 4.4 397
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L60 TC-805 0.7 6.03 536
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L61 TC-804 1.3 2.93 204
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L62 TC-803 1 2.84 179
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L63 TC-802 0.7 8.58 353
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L64 TC-801 0.6 2.23 284
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TC-800 0.4 11.4 484
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L65 TC-812 1 15.1 601
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L66 TC-811 1.4 4.26 298
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L67 TC-810 0.8 5.71 509
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L68 TC-809 1.5 7.54 500
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L69 TC-808 1 7.94 320
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L70 TC-807 1.4 0.68 90
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TABLE 2
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LA CHALATA (Vein 2)
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Line # Sample # Width Au Ag
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(m) g/t g/t
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L1 2035 1.3 0.4 76
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L2 2036 1.22 0.12 67
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L3 2037 1.6 0.16 29
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L4 2038 1.7 0.14 53
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L5 2039 1.9 0.11 42
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L6 2040 1.45 0.87 366
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L7 2041 1.4 1.71 451
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L8 2042 1.5 0.91 424
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2042-A 1.4 4.03 665
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L9 2043 1.04 0.8 320
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L10 2044 1.1 0.94 529
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L11 2045 0.7 0.71 495
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L12 2046 0.68 0.27 468
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L13 2048B 0.65
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L14 2048 0.72 0.29 51
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2048-A 0.6 0.14 59
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L15 2047 0.6 0.31 60
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Dr. Parra is currently the Company's in-house Qualified Person and QP Member of the Mining and Metallurgical Society of America with special expertise in Mining.
About Rochester Resources Ltd.:
Rochester represents a pure-play in the exploration, development and production of high-grade gold and silver properties located in Nayarit, Mexico. The Company is a niche player in Mexico which has assembled an attractive portfolio of properties in the Sierra Madre Occidental Range. This is the largest epithermal precious metal region in the world, hosting the majority of Mexico's large tonnage gold and silver deposits. Rochester has a strong senior management team based in Mexico, with a workforce in place to advance its projects through to mine development.
ON BEHALF OF THE BOARD
Dr. Alfredo Parra, President and CEO
Forward Looking Statements
This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. In addition, the Company has not conducted an independent feasibility study on the Mina Real project which may increase the risk that the planned operations are not economically viable. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
For more information, please contact
Empire Communications Inc.
Investor Information
(604) 484-0066
Email: info@rochesterresources.com
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