Rokmaster Resources (TSXV:RKR,OTC Pink:RKMSF,FWB:1RR) President and CEO John Mirko highlights the history of the Duncan Lake zinc project and the company’s upcoming exploration plans for the property.
Located in the productive Kootenay Arc of Southeastern BC, the high-grade stratiform zinc-lead mineralization was first discovered by Cominco. Today, the project is fully permitted for drilling, and Rokmaster has planned multi-stage programs aimed at proving up a NI 43-101 resource.
Below is our video interview with Rokmaster Resources CEO John Mirko in which he discusses what attracted the company to the project and its plans to further explore the potential for a large, high-grade zinc deposit. The video is followed by the transcript, which has been edited for clarity and brevity.
Investing News Network: Please give our investor audience an overview of Rokmaster Resources and its flagship property, the Duncan Lake project in BC’s Kootenay region.
Rokmaster Resources CEO John Mirko: Rokmaster Resources is a small junior mining company located in Vancouver. Our management team has had extensive experience in mine development, exploration, mine construction and operation. Currently, we’re working on the Duncan Lake zinc-lead project located in the Kootenay area of Southern BC.
INN: What prompted Rokmaster to enter the Kootenay region and acquire Duncan Lake?
JM: The property was made available to us by a prospecting team that we have known for the last 35 years. We noticed right away it had mine-making potential. It was a discovery made by Cominco back in 1989, [and they] drilled it until 1997. After Teck took over Cominco, it was inadvertently dropped and the prospectors acquired it, and that’s who we bought it from. We now own 100 percent of it.
INN: Please tell us about the exploration work that was done by Cominco on the property. Are there any key findings that might influence your plans for the project?
JM: Yes, Cominco made the discovery in 1989 after having stepped out 2 kilometers north from a previous prospect they had developed in the 1950s and 1960s. They made an enormous discovery in this area. They drilled three sections, 350 meters apart, putting together what looked like a target of north of 7 million tons and north of 10 percent zinc. This grade and size was substantially larger than what they’d discovered in the 1960s. However, being a major mining company, it was not announced or shown to anybody other than internal people.
INN: Are there any upcoming catalysts for Duncan Lake that investors should be aware of?
JM: Our plan is to carry out Cominco’s original plans prior to that Teck takeover, which was to carry on drilling inside that … 7-million-ton target and step out to the north continuing in large step outs of 350 meters. Our immediate plan is to do those large step outs right off the bat with our first drill program. Those will increase the size of that mineralized envelope, should they be successful of course.
INN: Savvy investors know strong management is key to a company’s success. Are there any executives you would like to highlight on your board and management team?
JM: First of all, our management team already consisted of a group who’s been involved in exploration, development work and successful mine construction and production in the area. Second, specifically for this project, we brought on two people, both of whom have worked for Cominco in the past in a management capacity. A board of director member, Mr. David Moore, in the past was the Canadian exploration manager for Cominco. He did the last drill program on the property. The second person of importance was the chief geologist for Cominco. He wrote his original thesis on the Duncan Lake project. He’s going to preside over targeting of drill holes in the future.
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