Rock Energy Resources, Inc. (OTC QB: RCKE)
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RedChip Companies, Inc.
Rock Energy Resources Provides April Month-End Update for Gold Mining Operations in Colorado
6/1/2012 8:02:00 AM
Rock Energy Resources, Inc. (RCKE) today provided its monthly update on mining and related matters to the Company.
Mining: Initial mining began on April 30 with an initial rate of 3 tons per day. As of May 31, 2012 we were mining at a rate of 7 tons per day and continuing to increase monthly.
Milling Operations: We are currently running approximately 7 tons per day of high grade ore. The concentrates are then shipped for final processing.
Refining: At the end of May, we successfully tested our green refining process that was implemented after a push back on the delivery of previously ordered equipment. We are pleased with the results from the sample that was sold as .999 gold. We will continue to ship high grade concentrates for assays and processing.
Core Analysis: Core analysis has begun on cores previously drilled. Core logging from current core drilling has also begun.
Drilling: As of May 31, 2012, 485 feet of core has been produced. This is the first of up to 6 holes in the fan drilling program previously announced.
43-101: Now that the core drilling and analysis have begun, we are initiating the 43-101 process. Management felt that this phase of the business plan should begin once we had revenues. It was critical in our opinion to have revenues first followed by a core drilling program.
Guidance: Our guidance for the second quarter financial results remains unchanged.
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.
Managing Member American Patriot Gold
Rocky V Emery, O: 713-400-3013 or C: 832-691-7991
Chairman & CEO
Disclosure: None of the profiles issued by RedChip Companies, Inc., constitutes a recommendation for any investor to purchase or sell any particular security or that any security is suitable for any investor. Any investor should determine whether a particular security is suitable based on the investor's objectives, other securities holdings, financial situation needs, and tax status. RedChip Companies, Inc., employees and affiliates may maintain positions and buy and sell the securities or options of the issuers mentioned herein. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. Rock Energy Resources, Inc. (“RCKE”) is a client of RedChip Companies, Inc. and of RedChip Visibility, a division of RedChip Companies. RCKE paid RedChip Visibility, a division of RedChip Companies, Inc., $30,000 for twelve (12) months of RedChip Visibility Program services, which included the preparation of the equity research report(s). The equity research report(s) were prepared for informational purposes only and were paid for by the company portrayed in the report. Information contained in the equity research report(s) is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. The equity research report(s) are not a recommendation or a solicitation to purchase or sell any security, nor do they constitute investment advice. RedChip Companies, Inc., is currently engaged by this company to provide investor awareness services. Investor awareness services and programs are designed to help small-cap companies communicate their investment characteristics. RCKE agreed to pay RedChip Companies, Inc., a fee of $10,000 in cash per month and to issue to RedChip Companies, Inc. 275,000 restricted shares of common stock for twelve (12) months of these investor relations services. The shares will become fully vested on October 19, 2012, at which time RCKE has agreed to fully comply with procedures required by its transfer agent to remove the legend from the securities.