Rockland Resources (CSE: RKL) this morning reported the results of the small drill program it conducted last year. The program took place at the firms Cole Gold Mines property, found in the Red Lake Region of Ontario.
The drill program itself consisted of a total of five holes that consisted of 996 metres in aggregate drilling. The program was targeting shear structures as well as quartz veins that were previously developed as part of the historic Cole Gold Mine on site.
Highlights from the program include:
Sponsored · Selkirk Copper Mines
- RL-CP-1: 3.1 g/t gold over 0.5 metres
- RL-CP-2: 4.9 g/t gold over 0.5 metres; 3.6 g/t gold over 2.5 metres
- RL-CP-4: 3.0 g/t gold over 0.5 metres
- RL-CP-5: 2.2 g/t gold over 0.5 metres
“We are pleased that our inaugural program at Cole has intersected multiple zones of gold mineralization that are associated with strong alteration and well-defined structural controls. Rockland’s program is the first drilling campaign on the Cole Gold Mines Property since 1972. Our results from the initial holes after a half century provide strong encouragement for further drilling on this gold mineralized system,” commented CEO Mike England.
Additionally, the company indicated it had received a total of 157 surface channel sample assays, which came from multiple outcrops on the hanging wall of the #1 vein. The highlight result from the samples saw 7.7 g/t gold over 0.5 metres reported.
The company has indicated it is now planning for a follow-up program in 2022 as a result of the success seen in the initial drill program.
Rockland Resources last traded at $0.14 on the CSE.
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.
