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I'm Lesley Mapstone for Investmentpitch.com
Rockex Mining is one of the latest new listings on the Canadian National Stock Exchange, and
will trade under the symbol RXM.
Rockex Mining is focused on the development of its 100%-owned Lake St. Joseph Iron Ore
deposit in northwestern Ontario.
The Lake St. Joseph property is located approximately 100 kilometres northeast of Sioux Lookout
and 80 kilometres southwest of Pickle Lake.
The Western Lake St. Joseph Project, which includes the Eagle Island Deposit, as well
as additional potential deposits at Wolf Island and Fish Island, consists of a 100% interest
in 17 contiguous mining claims, of which 6 claims were released recently.
In October, the company filed a NI 43-101 report, which is available for viewing on
Sedar.com, summarizing the results of a formal Preliminary Economic Assessment on its Eagle
Island Project.
The updated resource estimate doubled Eagle Island's Indicted Mineral Resource to 1.287
billion tonnes at 28.39% iron, plus an Inferred Mineral Resource of 108 million tonnes at
31.03% iron.
The report outlines a life of mine production of 6 million tonnes of 66.3% iron concentrate
per year for 30 years, with a 4.2 year pay back, and a 20.7% pre-tax internal rate of
return.
Edward Yew, President & CEO stated, "The filing of this economic report is a major milestone
for Rockex and marks the culmination of many years of work by our team. This PEA is a critical
valuation and marketing document that will give Rockex excellent positioning for negotiations
with a strategic partner."
For more information, please visit the company's website at www.rockexmining.com, or contact
Edward Yew, President & CEO at 647-241-7202 or email edward.yew@rockexmining.com.
I'm Lesley Mapstone for Investmentpitch.com For more video news, and to view our disclaimer,
please visit our website at www.investmentpitch.com This video is for information purposes only
and it not a recommendation to buy or sell any securities.