Rokmaster Resources CEO John Mirko Update on Duncan Lake and Revel Ridge Projects in BC

TL;DR

John Mirko discusses his gold and zinc projects in British Columbia, highlighting the favorable timing for gold mining and the potential of the properties.

Transcript

joining me now is John Mirko of rock master John rocket acid welcome to Toronto welcome to PDAC you're here you know of course shopping around your project or project sorry but a lot of people are probably not familiar with you you haven't been on investment news network for a couple of years you were at the RIC that's right a couple of years ago b... Read More

Key Insights

• 🏅 The gold project was acquired at a favorable time, as the market is currently more focused on gold.
• 🏅 The previous owner of the gold project had not done any work on it since 2012 and it now has over 2 million ounces of gold.
• 🤨 Mirko plans to update the existing PEA for the gold project and raise $5 million for drilling to further increase the resource.
• 💨 The project has some metallurgical difficulties, but they have found a way to make it a viable opportunity.
• 😤 Mirko's team has experience in building mines in environmentally sensitive areas, ensuring they prioritize environmental sustainability.
• 😘 The projects are located in a low-elevation area with easy access to major thoroughfares, making it convenient for transportation and workforce.
• 🤨 Mirko believes they are at the bottom end of a gold market and has confidence in raising the next $5 million for further development.

Questions & Answers

Q: What are John Mirko's projects in British Columbia?

Mirko has two projects, one focused on zinc and the other on gold, located in southern British Columbia.

Q: Why did Mirko acquire the gold project?

The previous owner had not done any work on it since 2012 and it now has over 2 million ounces of gold, making it a valuable asset in the current gold market.

Q: What are the future plans for the gold project?

Mirko plans to update the existing PEA for the project and raise $5 million for drilling to further increase the resource and determine the mine's design.

Q: How will Mirko fund his projects?

Mirko closed financing for the projects and plans to raise $5 million for drilling through a subsequent financing round.

Summary & Key Takeaways

• John Mirko's projects are located in southern British Columbia, with one focusing on zinc and the other on gold.

• The gold project was acquired at a good timing, as the previous owner had not done any work on it since 2012 and it now has over 2 million ounces of gold.

• Mirko plans to update the existing Preliminary Economic Assessment (PEA) for the gold project and raise $5 million for drilling to further increase the resource and determine the mine's design.