Ronald W. Thiessen, President and CEO of Rockwell Ventures Inc.
(TSX-V: RCW; OTC-BB: RCKVF) is pleased to announce that the Company has commenced exploration of the Royce Diamond Claims. Rockwell can earn up to a 60% interest in the Royce Claims from GMD Resources Ltd. (“GMD”) through staged payments of cash, private placements into GMD, and project expenditures totaling $10 million within five years.
The Royce Claims are located 110 kilometres north-northwest of Yellowknife, Northwest Territories, and 130 kilometres southwest of the world’s newest large-scale diamond operations – BHP’s Ekati mine and Rio Tinto/Aber’s Diavik mine. On the Royce claims, two pronounced diamond indicator mineral trains, defined by G-10 garnets, ilmenites and chromites that are chemically compatible with the diamond stability field, have been identified by prior exploration. The heads of these trains have not been drill tested for their compelling diamond potential. Airborne geophysical results have further defined the areas of interest for drill testing.
Rockwell has outlined a phased $750,000 field program; each phase is success-contingent. Work will begin with detailed ground geophysical surveys to focus specific drill targets, with drilling planned to follow.
For more information on Rockwell and the Royce Diamond Property, please visit the Company’s website at www.rockwellventures.com or contact Investor Services at (604) 684-6365 or within North America at
ON BEHALF OF THE BOARD OF DIRECTORS
Ronald W. Thiessen
President and CEO