UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of October, 2006.
Commission File Number: 0-30390
ROCHESTER RESOURCES LTD
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(Translation of registrant's name into English)
#1305 - 1090 West Georgia Street, Vancouver, British Columbia, V6E 3V7, Canada
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F: FORM 20-F [X] FORM 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): _______
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): _______
Indicate by check mark whether the registrant by furnishing the information
contained in this Form, is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
YES [ ] NO [X]
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3- 2(b): 82-_____________
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 of the
undersigned, thereunto duly authorized.
ROCHESTER RESOURCES LTD
Date: October 23, 2006 /s/ Douglas Good
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Doug Good,
President
ROCHESTER RESOURCES LTD.
Suite 400 - 535 Howe Street, Vancouver, British Columbia, V6C 2Z4
Phone: (604) 484-6628 Fax: (604) 688-3348
TSX Venture: RCT OTCBB: RCTFF Frankfurt: R5I
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PRESIDENT'S REPORT TO SHAREHOLDERS
Fiscal 2006 has been an exciting year for the Company. In November of 2005 I was
appointed President and shortly thereafter Gil Leathley, a former Senior
Vice-President and Chief Operating Officer of Homestake Resources, joined the
board of directors. In January 2006, the Company obtained an option to acquire
up to a 51% interest in the Mina Real gold/silver project located in the state
of Nayarit, Mexico, and raised $2.5 million through the issuance of 5 million
units at $0.50 per unit. A further $720,000 in gross proceeds was received from
a small offering in February, at $0.72 per unit, followed by a May private
placement of $1.8 million at $0.90 per unit, the bulk of which was subscribed to
by a value oriented US based institutional fund. In May 2006 the Company also
received proceeds of $1,729,250 from the exercise of 2,695,000 warrants.
Environmental approvals and permitting were received by late May 2006 and an
aggressive program was undertaken to construct a 200 tonnes/day conventional
mill to bring the Mina Real property into production. The mill was designed with
the ability to be quickly upgraded to 300 tonnes/day at minimal additional cost.
A summary of the key development highlights since this property interest was
acquired follows:
FLORIDA MINE SITE:
o Complete over 1,000 additional meters of development mining at the Florida
Mine Site
o Achieved an average grade of 12.1 grams/tonne of gold and 232 grams/tonne
of silver from channel samples taken over 290 meters of development mining
INFRASTRUCTURE DEVELOPMENT:
o Completed construction and establishment of field offices and base camp for
mine and mill
o Completed approximately one kilometre of road access from the Florida mine
site to other vein structures
o Constructed approximately 3.5 kilometres of new roadway from base camp to
mill site
o Upgraded segments of main access road to base camp
MILL CONSTRUCTION:
o Obtained all environmental approval and permitting for mill and tailings
pond
o Power supply put in place at mill site with upgrade capacity in process
o All key equipment sourced and ordered, site preparation completed and mill
construction in progress
o Start-up of milling operations scheduled for late November 2006
As a result of the continued encouraging results from mining development
activities, coupled with the rapid progress being made in the construction of
the mill and related infrastructure, the Company made a decision to acquire the
balance of the 49% equity interest in the Mina Real Project, through the
issuance of 10,500,000 common shares to ALB Holdings Ltd. ("ALB"), a private BC
holding company. The sole asset of ALB is the 49% equity interest in Mina Real
Mexico SA de CV ("Mina Real Mexico"), with an obligation of US$2 million to an
ex-partner and a small net smelter royalty obligation on its interest in the
Mina Real Project. The principal shareholder of ALB is Dr. Alfredo Parra, the
President of Mina Real Mexico and founder of the Mina Real Project. The
transaction is subject to TSX Venture Exchange approval and the completion of
formal documentation.
We are extremely satisfied with the progress that has been made during 2006 and
look forward to a profitable and growth oriented future for our shareholders.
On behalf of the Board,
/s/ DOUGLAS F. GOOD
Douglas F. Good
President
October 23, 2006