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|    | |  2007 - 2008 Update Since acquiring 100% of this project, Rolling Rock Resources has completed 2 sizable programs for a total of an additional 16,700 meters of diamond drillingat a cost of over $6 million. These programs were highly successful at further defining and gaining a better understanding along with adding significant ounces to the deposit. In late 2007 to January, 2008 we undertook and completed a re-interpretation and resource calculation of the deposit to include all work to date including over 100,000 meters of diamond drilling. This re-calculation has increased the resource by 35% and we now have a NI 43-101 compliant inferred resource of 4,888,000 tons grading 6.01 g/t for a total of 944,000 oz. of gold. We have now retained Beacon Hill Consulting of Vancouver to carry out a full scoping study to define the economics and logistical methods to further advance this project.
In other news we have just recently completed a 2,600 meter drilling program on our Domain Project also located in Northern Manitoba. This drill program is a follow up to our successful drilling program conducted in 2006. Results from this drilling should be available in the near future and results will be released when they are received. Rolling Rock Resources Corp. (TSX.V:RLL) is a Canadian exploration company focused on acquiring and developing resource projects. Rolling Rock has two gold exploration projects in Northern Manitoba: the Domain Property and the Monument Bay Project. Rolling Rock Resources is listed on the TSX-Venture exchange under the symbol RLL. We have fewer than 42 million shares outstanding with a good cash position and no debt. Our major shareholders include Kinross Gold at 22%, Zinifex Inc. at 10%,Front Street Capital at 8% and Pinetree Capital at 5%. Our Flagship Project the Monument Bay Property is located 570km NE of Winnipeg and 60km SE from the community of Red Sucker Lake and was purchased in 2006 from then Bema Gold Corp. (now Kinross Inc.) and Wolfden Resources (now Zinifax Inc.) From the years 2002-2005 Bema and Wolfden expended over $22 million includiung over 65,000 meters of diamond drilling. This work resulted in the discovery of the Twin Lakes deposit with a NI 43-101 compliant inferred resource of 3,379,000 tons grading 6.45 g/t Au. for a total of 701,234 Ounces of gold. | | |
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