Rockland Resources (CSE: RKL) has begun drilling. The firm this morning announced the commencement of its maiden drill program at its Cole Gold Mines property, located in the Red Lake region of Ontario.
The initial drill program, pegged at 2,400 metres in aggregate, is focused on testing gold mineralization previously defined on the property via underground development work. Drilling is to consist of an initial 12 holes, focused to the east of the existing mine shaft on the property. The drill program is the first to be conducted on the property in nearly five decades, which is slated to target a historic high grade resource.
Also announced this morning is that the firm will be conducting overburden stripping and channel sampling under the current exploration program, following the delivery of an excavator to site. For this portion of the program, the firm is focused on surface showings where mineralized quart veins are exposed. Grab samples containing 14.8 g/t gold have previously been assayed at these locations.
“We are delighted to have started our drill program on the Cole Gold Mines Property located at the west end of the prolific Red Lake Greenstone belt. It is particularly exciting that this is the first drilling program in almost 50 years that will target the historic high-grade gold resource that was developed in the 1930s.”
Mike England, CEO of Rockland Resources
Rockland Resources last traded at $0.235 on the CSE.
Sponsored · Selkirk Copper Mines
FULL DISCLOSURE: Rockland Resources is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Rockland Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
