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Monument Bay

Location

Monument Bay Rig

The Monument Bay property is located 570 km northeast of Winnipeg and 340 km east southeast of Thompson, Manitoba. The nearest communities are Red Sucker Lake, 60 km to the southwest, and Gods Lake Narrows, 100 km to the west. Hydro power lines currently run as far as Red Sucker Lake.

Size of Property

The Twin Lakes property consists of 35 contiguous claims totaling 6692 hectares. Ground surrounding the immediate project area is currently unstaked, and held by Wolfden and Bema under an exploration permit.

Ownership

The Monument Bay project is 100% owned by Rolling Rock Resources Corp. The Project was acquired from Bema Gold Corp.(70%) and Wolfden Resources(30%)

Project Overview

The area forms part of the Gods Lake Domain or Sub-Province of the Archean Superior Province and, within this, the general area of the property is an extension of the Sachigo Lake Sub-Province in NW Ontario. This elongated greenstone belt extends eastwards from Bear Lake through Gods Lake, Stull Lake to as far east as Big Trout Lake.

The greenstone belt is comprised of the Hayes River Group (HRG) and Oxford Lake Group (OLG) sediments and lesser volcanics; these form the most common assemblages in the region. The HRG is comprised of basaltic to rhyolitic volcanics with minor clastic and chemical sediments. These were intruded by granitoid plutons and this event, accompanied and followed by uplift and associated erosion, provided detritus that is a major contributor to the OLG. This sequence of very coarse to fine clastics and local, usually minor IF on a lesser, basal, felsic/intermediate volcanic sub unit is quite thick, and is dominant in the Stull Lake area. These events were followed by the emplacement of granitic to granodiorite batholiths that confine the greenstone belts. Finally, the latest magmatic activity was the intrusion of Molson and Mackenzie diabase swarms.

The geology underlying the project area consists of an overturned homoclinal sequence of interfingered volcanic and sedimentary rocks, striking at 080° to 100° and dipping to the north at 70° to 90°. Within these units, mineralization is hosted in silicified and sericitized sections of the Monument Bay shear zone, a deformation zone that has been traced with strike length of over 30km.

Previous Work

Between 1959 and 1961, Phelps Dodge conducted airborne surveys on a permit covering the entire greenstone belt, with 8 drill holes recorded in the Little Stull Lake area. Work on the Twin Lakes / Monument Bay property began from 1969 to 1974, with Amax conducting airborne E.M. and magnetometer surveys, staking resultant anomalies and drill testing targets.


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.

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Block Model Comparison.

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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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Monument Bay - Geology Significant Intercepts Target Area

Monument Bay - Airborne Magnetics Twin Lakes - Target Area

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This page was created on Sat Sep 4, 2010 at 11:50:49 PM Pacific Time.