Vancouver, British Columbia, June 27, 2018 - Rotation Minerals Ltd. (“Rotation” or the “Company”) (TSXV: ROT) is pleased to announce it has outlined an exploration program to be completed at the past-producing Scottie Gold Mine during the third and fourth quarter of 2018.
As reported in the news release of March 1, 2018, the Company engaged Equity Exploration Consultants Ltd. (“Equity”) in December of 2017 to assist Rotation with a compilation and review of the many reports and extensive data available on the Scottie Gold Mine. This resulted in a geological interpretation of a deposit model that indicates potential for additional high-grade gold resources within the footprint of the Scottie Gold Mine and its surrounding area, and has led to recommendations regarding an exploration program to be completed during the 2018 field season.
Gold mineralization is hosted within dilational zones along main structures that may form a “Cymoid Loop” geometry. The M Zone, where the majority of the mining took place at the Scottie Gold Mine in the 1980’s is an excellent example of this Cymoid Loop geometry, where dilation along the controlling structure resulted in a concentration of high-grade gold mineralization. This geometry is noted in other structurally-controlled gold deposits and may be a tool for targeting additional gold-bearing zones at Scottie at depth, along strike and within parallel structures to the known mineralization. Drilling in 2018 will target extensions to known mineralization at targets such as the M Zone below the current workings (including 4.23 m of 37.89 g/t gold and 4.64 m of 38.67 g/t gold in previous drilling) and the O Zone (5.09 m of 24.57 g/t gold and 4.18 m of 107.12 g/t gold in previous drilling).
The proposed program includes approximately 5,400 meters of drilling of high quality targets, surface mapping with a particular focus on structural geology, re-logging of old drill core, underground mapping and surveying, and potentially geophysics.
Brad Rourke stated, “Equity has done a thorough job compiling and reviewing the many reports and data sets that have been created at the Scottie Gold Mine and has identified an exploration plan that builds off of the excellent work previously undertaken at Scottie. We are excited to have identified a deposit model, a number of high priority targets, and a program to build our understanding of the mineralization controls and test new targets generated with that knowledge. We look forward to updating shareholders on our progress.”
The anticipated budget for the recommended program is approximately $2 million and Rotation intends to complete it in stages, subject to the availability of financing. Additionally, Rotation has identified other site and surface work that it intends to perform which will prepare and position the Scottie Gold Mine for future exploration and advancement, including on the environmental and permitting fronts.
The area known as the Golden Triangle of British Columbia is among the world’s most prolific mineralized districts, host to past and current mining operations including Johnny Mountain, Red Mountain, Snip Mine, Premier Mine, Golden Bear and Valley of the Kings. The Golden Triangle has reported mineral resources (past production and current resources) in total of 67 million oz of gold, 569 million oz of silver and 27 billion pounds of copper.
Ed Kruchkowski, P. Geo, a qualified person under National Instrument 43-101, has reviewed the technical information contained in this news release on behalf of the Company. Mr. Kruchkowski is a director of the Company.
ABOUT ROTATION MINERALS LTD.
The Company owns 100% of the high grade, past-producing, Scottie Gold Mine, located in the heart of the Golden Triangle gold mining district of northwestern BC. Considerable exploration potential remains on the property. Rotation also owns a 100% interest in the Ruby Silver property, a 100% interest in the Black Hills property, a 100% interest in the Stock property (of which 75% is optioned to Jaxon Minerals Inc.) and the option to earn up to a 70% interest in the 4-J property, all located in the Golden Triangle area of British Columbia.
Further information on Rotation can be found on the Company’s website at www.rotationminerals.com and at www.sedar.com, or by contacting Bradley Rourke, President and CEO at (250) 877-9902.
ON BEHALF OF THE BOARD OF DIRECTORS
President & CEO
FORWARD LOOKING STATEMENTS
This news release may contain forward‐looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward‐looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward‐looking statements whether as a result of new information, future events or otherwise.
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