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Market: TSX-V
Sector: General Mining
Epic: RKY
News: Latest news
Web Site: Rocky Mountain Resources
Other Articles: 10-11-200923-10-200912-10-2009

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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Rocky Mountain Resources

Rocky Mountain Resources

Rocky Mountain Resources Corp. is a tier-one metals exploration and development company focused on developing environmentally favorable projects within politically stable regions with the potential to host large deposits of industrial metals or minerals.

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Monday, October 12, 2009

Rocky Mountain to sell Paris Hills phosphate/vanadium property in Idaho

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Rocky Mountain Resources Corp (TSX-V: RKY) said its wholly-owned subsidiary RMP Resources Corp (RMP) has entered into an agreement with Stonegate Agricom Ltd to sell its Paris Hills phosphate/vanadium property in Bear Lake County in Idaho, US.

Stonegate will pay C$1 million in cash and issue 6 million common shares of Stonegate valued at $0.50 per common share. Closing of the transaction is expected to occur on November 15 2009.

Stonegate is a private Canadian company engaged in the acquisition, exploration and development of agricultural nutrient projects. Stonegate's primary focus has been the development of the Mantaro Phosphate Project located in Peru. Stonegate's majority shareholder is Sprott Resource Corp (TSX: SCP).

Rocky Mountain Resources said in January 2009 that the latest NI 43-101 compliant resource estimate for phosphate and vanadium from Paris Hills exceeded expectations and could form the foundation for a 50 to 75 year operating life. The technical report estimated inferred resources of 120.7 million tonnes of phosphorus pentoxide (P2O5) at a 23.6 percent grade and 44 million tonnes of vanadium pentoxide (V2O5) at a 0.79 percent grade.

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