ROCKBRIDGE COMPLETES PROSPECTING AND PROCEEDS WITH PLANS FOR DRILLING
VANCOUVER, BC – RockBridge Resources Inc. (RockBridge- TSXV symbol- “RBE”) has completed the summer prospecting of the Cross Hills Newfoundland Rare Earth and Copper property, and all samples have been sent to Activation Laboratories in Ontario for analysis. Accordingly, RockBridge is now proceeding with its plans for drilling to commence upon award of the contract.
In addition, RockBridge has been successful in application for a Government of Newfoundland and Labrador Department of Natural Resources Mineral Incentive Program Junior Exploration Assistance Grant which is designed to defray 50% of approved eligible costs, to a maximum grant of $100,000.
RockBridge President, Gary Mathiesen, stated “There are similarities between the geology, age and mineralization findings of our property and that of the major deposits in Saudi Arabia which suggests some potential for major Rare Earth Element mineralization. With China supplying more than 95 per cent of the global output of rare earth oxides while sitting on nearly 60 per cent of the world reserves, and cutting export quotas for Rare Earth Elements by 72%, the tightening of supply regulations obviously provides additional motivation as we prepare to drill in the coming weeks.”
About RockBridge
RockBridge has a diversified and broad resource base. It includes 343 Newfoundland mineral claims prospective for Rare Earth Elements and Copper with its 2010 work program underway, 6 B.C. mineral claims and 9 Yukon mineral claims prospective for Gold, as well as varying interests in 19 Oil and Gas wells and properties in Alberta and B.C. including the Pembina Cardium properties slated for horizontal well development later this year and the expanding Woodrush project.
For more information on RockBridge, please visit the website at www.rockbridgeresources.com
