Rockland Resources Reports Prospective Target Trend At Cole Gold Mines Property
Rockland Resources Ltd. (CSE:RKL) today announced the results of aeromagnetic data analysis at its flagship property in the Red Lake Region of Ontario. The company has identified over 1 kilometer of linear magnetic low trend situated to the west of the historically defined Cole Gold Deposit.
Based on a heli-magnetic survey conducted, the Cole Gold shaft is situated on a prominent east-west striking feature that’s been defined by a broad magnetic low on the total magnetic intensity map and a more narrow, discrete, magnetic low feature on the tilt derivative map. In addition to the primary east west trend, an added magnetic low feature is prevalent in the south-west part of the Cole Gold Deposit. The survey was conducted based on 50 metre line spacing.
Following the discovery, the target is set to be tested as part of the company’s 2,500 metre drill program that is scheduled to start by the end of June. The drill program will sample gold mineralization that was defined by underground development work and historic Kerr Addison diamond drilling that took place in 1973.
“We are very pleased to have results of this geophysical analysis that has identified a highly prospective trend that extends for over 1 km west of the Cole shaft. The Cole Property, located in the prolific Red Lake greenstone belt, has had no exploration for nearly 50 years. To our knowledge, our upcoming drill program will be the first time this trend has been drill tested west of the shaft.”
Mike England, CEO
The Rockland drill campaign will also examine surface results that reflected recent grab sample values up to 14.8 g/t gold.
Rockland Resources Ltd. last traded on the CSE at $0.24.
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