Rockland Resources (RKL-Cse) Commences 2,500 Metre Drilling Program At Cole Gold Mines Property, Red Lake Mining Division, ON Canada
July 7, '21 - NR
Rockland Resources Ltd. has commenced its initial 2,500-metre drill program at the Cole gold mines property in the Red Lake mining division in Ontario. The drilling campaign will focus on testing gold mineralization that was previously defined by Cole Gold Mines Ltd.'s underground development work.
"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," stated Mike England, chief executive officer of Rockland.
Rockland anticipates drilling approximately 12 holes in the current campaign. The majority of holes will test the historical resource in the area east of the existing Cole shaft. A limited number of holes may be drilled in the area immediately west of the Cole shaft and test the east-west-trending magnetic low associated with the known mineralization (see Rockland's June 21, 2021, news release). In addition to the drilling, the company has an excavator on site and anticipates completing overburden stripping and channel sampling on surface showings that expose mineralized quartz veins and associated shear zones. These showings in the vicinity of the Cole shaft have recently returned grab sample values up to 14.8 grams per tonne gold. The property has an approved exploration permit, PR-20-000368, which is valid until March, 2024.
Rockland will drill NQ core and plans to submit sawn half-core samples to Activation Laboratories (Actlabs) in Ancaster, Ont., for analysis. Rockland's sampling program will include a quality assurance/quality control program that will include duplicates, blanks and certified reference standards in the sample stream.
The Cole gold property historically indicated high-grade gold values are associated with sphalerite-chalcopyrite-scheelite-bearing quartz veins in shear and structural zones in porphyry and felsic rocks, striking approximately east-west and dipping steeply to the north. Mineralization is associated with a magnetic low and is located in a regional structural corridor known as the Pipestone deformation zone. Underground development work by Cole Gold Mines in the 1930s included a vertical shaft to a depth of 161.5 metres (530 feet), with four levels established, and over 2,133.6 metres (7,000 feet) of drifting and crosscutting (mostly on vein) and 1,219.2 metres (4,000 feet) of underground diamond drilling.
Garry Clark, PGeo, a qualified person under National Instrument 43-101, is the qualified person responsible for reviewing and approving the geological contents of this news release as they pertain to the Cole gold mines property.
About the Cole gold mines property
Rockland Resources is acquiring a 100-per-cent interest in the Cole gold mines property, located in Ball township in the Red Lake mining division in Ontario. The property consists of 28 mining claims (568 hectares) located 30 kilometres west of the Cochenour/Campbell/Red Lake mine complex owned and operated by Evolution Mining. The property represents a rare opportunity to explore a strategically located asset in one of the most active, prolific producing mining districts in Canada. The property hosts high-grade gold values in a classic Red Lake type quartz vein and silica-sulphide replacement zones.
About Rockland Resources Ltd.
Rockland Resources is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. Its objective is to locate and develop economic precious metal and base metal properties of merit and to conduct its exploration program on the properties. In addition to the Cole gold property, Rockland is exploring the Summit Old Timer property, which consists of three mineral claims covering an area of 1,915 hectares located approximately 17 kilometres southeast of the city of Nelson, within the Nelson mining division in British Columbia.
On Behalf of the Board of Directors
Richard Sutcliffe
President and Director
For further information, please contact:
Mike England
Email: mike@engcom.ca |
