RooGold Inc (CSE: ROO) this morning provided its exploration plans for the first half of 2022. The details of the planned program were outlined within an extensive letter to shareholders, wherein the firms new CEO, Carlos Espinosa, recapped the firms successes in 2021, and provided an outline for the company for the coming year.
For the first half of the year, the company intends to be heavily focused on rapid field reconnaissance across six of its concessions that it has deemed to be high priority. The targets are said to have been identified following a comprehensive review of its database.
Field reconnaissance is to initially consist of satellite and DEM data, which will act as a base for the structural mapping of the firms property and further planning of exploration. This is to be followed by gaining land-owner access for priority targets, which will then be followed by prospect mapping and target generation for the top three properties.
“The Company is preparing to commence its first field reconnaissance program at the end of February 2022 which will focus on the southern part of the Peel-Manning Fault system,” commented the firms Chief Operations Manager, Alexandra Bonner.
In terms of the firms properties, the company to date has acquired thirteen properties. The extensive property collection has been assembled as a means of reducing exploration risk via a diverse portfolio, with properties having a simple structure of whole ownership. Each concession is expected to have multiple targets, with concession selection based on structure and nearby discoveries. Further, concessions selected by the company typically have high grade opportunity, with limited historical drilling.
RooGold last traded at $0.19 on the CSE.
FULL DISCLOSURE: Canacom Group, the parent company of The Deep Dive has been compensated to provide coverage on this company. The company has been compensated to cover this story on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
