Rockland Resources (CSE: RKL) has begun the process of exploration at its Cole Gold Mine Property in the Red Lake region of Ontario. The company yesterday announced that it has contracted a drilling firm for its initial drill program on the property.
The maiden drill program to be conducted on the property by Rockland is to consist of a total of 2,500 metres of core drilling, with drilling to be conducted by Forage Fusion Drilling Limited. The program will look for gold mineralization as defined by underground development previously conducted by Cole Gold Mines Limited, while following up on field work conducted previously by the firm.
Initial drill site locations are to target historic diamond drilling conducted in 1973 that reportedly intersected 68.3 g/t gold over 0.46 metres in mineralized quartz veins. Additional targets will include grab sample locations that assayed 14.8 g/t gold, with exploration permits approved through to March 2024.
“We are very pleased to have secured Fusion Drilling for our initial drill program at the Cole Gold Mines Property that is set to commence in the second half of June. This Property is located at the west end of the prolific Red Lake greenstone belt and has had no exploration for nearly 50 years. The Cole Gold Mines Property hosts an historic high-grade gold resource that was developed in the 1930’s, and except for the limited drilling program in 1973, has had no exploration since then.”Mike England, CEO of Rockland Resources
Rockland Resources last traded at $0.275 on the TSX Venture.
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