Rock Energy Resources, Inc. (OTC QB: RCKE)
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RedChip Companies, Inc.
Rock Energy Announced Today Progress in Three Key Areas
5/21/2012 7:16:00 AM
Drilling activities: The Company received its final permit to begin coring its existing run levels, which will commence this week. The company plans up to 3,500 feet of cores in 5 separate targets initially. The rig will be moved onto location today and should begin drilling new cores later this week. Rock Energy's partner, Red Arrow Gold Corporation, received final approval last week and a copy of the Notice of Approval may be found on our website at www.americanpatriotgold.com.
Refining: A green/eco-friendly refining process has been put into place that will allow us to produce a final bullion product of 0.9999% purity. With this now in place we will be able to scale our internal refining process to keep up with the anticipated future mining and milling volumes previously provided to the shareholders for guidance.
Core analysis: Cores held by Red Arrow are now being cut and sent off for analysis. This is the beginning of our 43-101 process that will not only include these initial samples of more than 1000 feet of core, but will also include the new drilling announced today and the deeper drilling that the company anticipates to commence 3rd or 4th quarter of this year.
Commenting on the progress at the Red Arrow mine, Rocky Emery, Chairman and CEO of Rock Energy stated, "Our progress on all fronts continues at a rapid pace. We are blessed to have a highly competent group of partners and employees whose tireless efforts make this all possible. We remain focused on delivering revenues that will ramp up very quickly and provide initial value to our shareholders. We are equally focused on providing future value with the drilling of new cores that will provide the basis for our initial 43-101 report. We believe that this approach provides 2 ways for the company to create shareholder value."
CAUTIONARY STATEMENT REGARDING FUTURE RESULTS AND FORWARD-LOOKING STATEMENTS: This Web site and press release contains information, including statements as to the Company's future financial or operating performance, that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements are intended to be covered by the safe harbor created by such sections and other applicable laws. All statements, other than statements of historical fact, are forward-looking statements. The words "believe", "expect", "anticipate", "contemplate", "target", "plan", "intends", "continue", "budget", "estimate", "may", "will", "schedule" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such forward-looking statements include, without limitation: (i) estimates of future mineral production, results and sales; (ii) estimates of future costs applicable to sales, other expenses and taxes, for specific operations and on a consolidated basis; (iii) estimates of future capital expenditures, construction, production or closure activities; (iv) statements regarding future exploration potential, asset potential, potential resource expansion and targeted production; (v) estimates and expectations regarding reserves, nonreserve mineralization and potential ounces; (vi) statements regarding fluctuations in capital and currency markets; (vii) statements regarding potential cost savings, productivity, operating performance, and cost structure; (viii) expectations regarding the development, growth, mine life, production and costs applicable to sales and exploration potential of the Company's projects; and (ix) expectations regarding the impacts of operating technical or geotechnical issues in connection with the Company's projects or operations. Estimates or expectations of future events or results are based upon certain assumptions, which may prove to be incorrect. Such assumptions, include, but are not limited to: (i) there being no significant change to current geotechnical, metallurgical, hydrological and other physical conditions; (ii) permitting, development, operations and expansion of the Company's projects being consistent with current expectations and mine plans; (iii) certain price assumptions for gold, copper and oil; (iv) certain effective tax rate assumptions (v) prices for key supplies being approximately consistent with current levels; and (vi) the accuracy of our current mineral reserve and mineral resource estimates. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to, gold and other metals price volatility, currency fluctuations, increased production costs and variances in ore grade or recovery rates from those assumed in mining plans, political and operational risks in the jurisdiction in which we operate, changes in governmental regulation, including taxation, environmental, permitting and other regulations, and judicial outcomes The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," to reflect events or circumstances after the date of publication, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.
Rock Energy Resources, Inc.
Rocky V Emery, 713-400-3013
Chairman & CEO
Managing Member American Patriot Gold
1350 Richmond Avenue
Houston, Texas 77042
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