UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) January 23, 2009
ROCKY MOUNTAIN MINERALS, INC
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(Exact Name of Registrant as Specified in Charter)
Wyoming 0-9060 83-0221102
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
2480 North Tolemac Way, Prescott, Arizona 86305
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (928) 778 1450
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2.below):
[_] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 1.02. Termination of a Material Definitive Agreement
WITHDRAWAL FROM CARR BOYD JOINT VENTURE
The Company advises that its wholly owned subsidiary, RMMI Australia Pty Ltd,
("RMMI") has formally withdrawn from the Carr Boyd Joint Venture, a nickel
exploration venture in Western Australia.
On January 22, 2009, final agreements between all the joint venture
participants; RMMI, Audax Resources Limited and Strategic Energy Resources Ltd
(formally Eagle Bay Resources N.L) to early termination of the joint venture
were agreed to.
The agreement terminating the joint venture required the parties to waive the 12
month notice period for termination by RMMI.
The decision to withdraw from the Carr Boyd Joint Venture was made acting on
advice and recommendation from our technical consultant to the effect that there
was little value in remaining in the Carr Boyd project. Over a 2-year period the
Company carried out a comprehensive ground reconnaissance exploration program
over the Carr Boyd property. A large number of samples were taken and submitted
for analysis. The RMMI soil data set was integrated with a Western Mining
Corporation historical Carr Boyd data sets, and as a result generated two
anomalies at Carr Boyd North and Carr Boyd South. None of the areas targeted for
sampling provided an outcome of sufficient merit to proceed to the next stage of
exploration. The design of the RMMI soil survey over key areas at Carr Boyd was
such as to complete a "once only program" (i.e. due to sample and line spacing,
any significant anomalies would be walk-up drill targets). While results
generated several areas of interest, with key anomalies field inspected, these
inspections provided no drill targets. Within the geological terrain of Carr
Boyd, only the Carr Boyd nickel sulphide deposits (not within our acreage) is
known, despite 40 years of exploration. During the recent past period of high
nickel prices the owners have failed to reopen this deposit, potentially
indicating that economics even at the higher prices were not attractive. Our
consultant concluded that little obvious value remains and recommended that no
further work be undertaken.
There were no termination penalties incurred by RMMI.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ROCKY MOUNTAIN MINERALS, Inc.
Date: January 23, 2009 By: /s/ M.A. Muzzin
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M.A. Muzzin
President