Wednesday, January 11, 2012

Rock Energy?s Colo. gold mill kicks up ahead of schedule

Rock Energy Resources Inc. (RCKE.PK) said Tuesday that its gold mill in Colorado began months ahead of its original April start up date, sending in early cash flow.

Houston-based Rock Energy owns a 49 percent stake in the mine, called the Red Arrow mine. The company built a smaller mill that can process about 3 to 5 tons of gold ore a day. The mill may also tap into platinum and silver, too, but the company said it does not know how much is in the mine.

Rocky Emery, chairman and CEO of Rock Energy, said in a statement that the company has not yet budgeted for the $1.8 million of operating cash flow that the early start up will generate.

Source: http://feedproxy.google.com/~r/vertical_61/~3/xgUg_UOhsPw/Rock-energy-colo-gold-mill-kicks-up-ahea.html

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