Rocky Shore Identifies Higher Gold Grades Within Recently Acquired Gold Deposits at its Gold Anchor Project in Newfoundland
ca.finance.yahoo.com
Rocky Shore Gold Ltd.
Tue, December 16, 2025 at 6:15 a.m. PST 20 min read
TORONTO, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Rocky Shore Gold Ltd. (“Rocky Shore” or the “Company”) (CSE: RSG) is pleased to announce that ongoing data compilation at its recently optioned Mosquito Hill and recently acquired Reid gold deposits (see news releases dated December 12, 2025 and December 2, 2025) has identified thick, higher-grade gold intervals within both deposits’ mineralized envelopes from historical drill logs. Both porphyry-controlled gold deposits are at surface and are open along strike and at depth and adjoin the Company’s 100% owned Gold Anchor Project. They are strategically adjacent to Rocky Shore’s 11-kilometre-long Lane Pond Gold Target; a structurally-controlled high-grade gold target associated with the prolific Appleton Fault Corridor. The Gold Anchor Project is located within an emerging gold district in central Newfoundland, hosts the prolific Appleton Fault Corridor, two porphyry-controlled gold deposits and numerous structurally controlled untested gold targets (see maps 1 and 2).
Ken Lapierre, President and CEO of the Company, commented, “Persistent higher-grade gold intervals throughout a thick centre core at both porphyry-controlled gold deposits is a significant first step in understanding additional potential at both deposits. We will continue to release news from our ongoing compilation program throughout the coming months. Additionally, we are excited to initiate our inaugural winter drill program at our high-grade structurally-controlled Lane Pond Gold Target in Q1 2026. With gold prices near all-time highs, a strong treasury, growth potential at both porphyry-controlled gold deposits and commencement of our first drill program targeting structurally-controlled gold targets, Rocky Shore is well positioned in 2026 to continue to deliver value creation opportunities at our Gold Anchor Project.”
Mosquito Hill Gold Deposit Historical Drill Highlights include:
- 2.21 g/t gold over 35.00 m including 3.00 g/t gold over 5.00m (HX06-16)
- 0.67 g/t gold over 103.35 m including 7.56 g/t gold over 1.00 m (HX07-20)
- 0.50 g/t gold over 110.00 m including 1.52 g/t gold over 10.00 m (HX10-50)
- 0.78 g/t gold over 68.00 m including 1.02 g/t gold over 30.00 m (HX10-47)
- 0.46 g/t gold over 115.04 m including 1.18 g/t gold over 10.45 m (HX10-58)
- 0.74 g/t gold over 60.60 m including 1.05 g/t gold over 25.85 m (HX10-53)
- 0.66 g/t gold over 56.00 m including 1.54 g/t gold over 7.00 m (HX06-13)
- 0.60 g/t gold over 57.45 m including 1.37 g/t gold over 15.80 m (HX07-22)
- 1.68 g/t gold over 20.20 m including 4.16 g/t gold over 4.00 m (HX07-24)
- 0.56 g/t gold over 82.50 m including 2.54 g/t gold over 3.00m (HX10-52)
- 0.70 g/t gold over 62.00 m including 1.00 g/t gold over 24.00 m (HX10-55)
- 1.10 g/t gold over 28.60 m including 2.27 g/t gold over 6.70 m (HX06-01)
- 0.42 g/t gold over 73.70 m including 1.38 g/t gold over 5.00 m (HX07-23)
- 0.65 g/t gold over 47.60 m including 2.32 g/t gold over 6.00 m (HX06-06)
Reid Gold Deposit Historical Drill Highlights include:
- 0.71 g/t gold over 88.04 m including 1.15 g/t gold over 36.06 m (BO-11-24)
- 0.54 g/t gold over 101.08 m including 1.00 g/t gold over 19.75 m (BO-09-20)
- 0.83 g/t gold over 59.80 m including 1.07 g/t gold over 15.60 m (BO-04-15)
- 1.10 g/t gold over 41.40 m including 1.90 g/t gold over 6.00 m (BO-03-6)
- 0.76 g/t gold over 52.10m including 1.05 g/t gold over 14.04 m (BO-09-19)
- 1.48 g/t gold over 25.45 m including 3.62 g/t gold over 7.80 m (BO-11-25)
- 0.96 g/t gold over 36.10 m including 2.20 g/t gold over 4.60 m (BO-03-3)
- 1.27 g/t gold over 20.45 m including 3.89 g/t gold over 5.75 m (BO-09-17)
- 1.60 g/t gold over 20.00 m including 2.20 g/t gold over 10.60 m (BO-03-3)
Tables 1 and 2 below outline summaries of all drill hole composites from the Mosquito Hill and Reid gold deposits. Tables 3 and 4 below contain the Mosquito Hill and Reid Gold Deposits drill hole collar coordinates.
Emerging Gold District, Significant Claim Owners, Major Fault Lines, Gold Deposits and Gold Targets
Map 1: Emerging Gold District, Significant Claim Owners, Major Fault Lines,
Gold Deposits and Gold Targets
Gold Anchor Local Geology, Mosquito Hill and Reid Gold Deposits and Lane Pond Gold Target
Map 2: Gold Anchor Local Geology, Mosquito Hill and Reid Gold Deposits and Lane Pond Gold Target
HISTORICAL RESOURCES
Mosquito Hill Gold Deposit
The Mosquito Hill Gold Deposit is classified as a porphyry-controlled gold deposit. Previous owners, Golden Dory Resources Corp. and Paragon Minerals Corporation, filed a National Instrument 43-101 (“NI 43-101”) technical report in 2010 for the Mosquito Hill Zone, which disclosed the following historical resource estimates using a 0.3 g/t gold cut-off.
- Indicated Mineral Resource: 11,180,000 tonnes @ 0.55 g/t gold = 196,257 gold ounces
- Inferred Mineral Resource: 38,760,000 tonnes @ 0.46 g/t gold = 569,496 gold ounces
A qualified person has not done sufficient work to classify the historical estimates on the Mosquito Hill Gold Deposit as current mineral resources, and the Company is not treating the historical estimates as current mineral resources. Refer to additional disclosure information in the Historical Mineral Resource Estimates section below.
Reid Gold Deposit
The historical Reid Gold Deposit is classified as a porphyry-controlled gold deposit. In 2013, Golden Dory Resources Corp. filed an NI 43-101 report for the Reid Zone which disclosed the following historical mineral resource estimate using a 0.3 g/t gold cut-off.
- Inferred Mineral Resource: 9,570,000 tonnes @ 0.56 g/t gold = 173,000 gold ounces
A qualified person has not done sufficient work to classify the estimate on the Reid Gold Deposit as current mineral resources, and the Company is not treating the historical estimate as current mineral resource. Refer to additional disclosure information in the Historical Mineral Resource Estimates section below.
Mosquito Hill Gold Deposit Area Historical Drill Intervals
Fifty-three (53) shallow drill holes totalling 8,056.28 metres were completed within the Mosquito Hill Gold Deposit between 2006 and 2010. Drill interval summary composites are outlined in Table 1 below. Bold text represents significant drill intervals bulleted on first page of the press release. Drill intervals are down-the-hole intervals and not true thickness.
Drill Hole
| From
(m)
| To
(m)
| Core Length
(m)
| Gold
(g/t)
| Deposit
Name/Area
| HX06-01
| 5.90
| 34.50
| 28.60
| 1.10
| Mosquito Hill
| including
| 5.90
| 12.60
| 6.70
| 2.27
| Mosquito Hill
| HX06-02
| 4.60
| 42.35
| 37.75
| 0.67
| Mosquito Hill
| including
| 4.60
| 12.00
| 7.40
| 1.85
| Mosquito Hill
| HX06-03
| 33.15
| 36.15
| 3.00
| 1.05
| Mosquito Hill
| HX06-04
| 39.25
| 54.05
| 14.80
| 0.43
| Mosquito Hill
| HX06-05
| 28.15
| 70.00
| 41.85
| 0.46
| Mosquito Hill
| HX06-06
| 27.15
| 74.75
| 47.60
| 0.65
| Mosquito Hill
| including
| 27.15
| 33.15
| 6.00
| 2.32
| Mosquito Hill
| HX06-07
| 91.40
| 07.30
| 15.90
| 0.42
| Mosquito Hill
| HX06-08
| 79.75
| 112.45
| 32.70
| 0.22
| Mosquito Hill
| HX06-09
| 85.50
| 95.50
| 10
| 0.73
| Mosquito Hill
| HX06-10
| 117.00
| 128.35
| 11.55
| 0.77
| Mosquito Hill
| HX06-11
| 96.00
| 115.75
| 19.75
| 0.32
| Mosquito Hill
| HX06-12
| 91.00
| 101.00
| 10.00
| 0.33
| Mosquito Hill
| HX06-13
| 10.00
| 66.00
| 56.00
| 0.66
| Mosquito Hill
| including
| 56.00
| 63.00
| 7.00
| 1.54
| Mosquito Hill
| HX06-16
| 115.00
| 150.00
| 35.00
| 2.21
| Mosquito Hill
| including
| 145.00
| 150.00
| 5.00
| 3.00
| Mosquito Hill
| HX06-19
| 88.00
| 97.50
| 9.50
| 0.26
| Mosquito Hill
| HX07-20
| 87.85
| 191.20
| 103.35
| 0.67
| Mosquito Hill
| including
| 139.30
| 140.30
| 1.00
| 7.56
| Mosquito Hill
| HX07-22
| 108.80
| 166.25
| 57.45
| 0.60
| Mosquito Hill
| including
| 145.50
| 161.30
| 15.80
| 1.37
| Mosquito Hill
| HX07-23
| 103.20
| 176.90
| 73.70
| 0.42
| Mosquito Hill
| including
| 103.20
| 108.20
| 5.00
| 1.38
| Mosquito Hill
| HX07-24
| 139.30
| 159.50
| 20.20
| 1.68
| Mosquito Hill
| including
| 144.30
| 148.30
| 4.00
| 4.16
| Mosquito Hill
| HX08-25
| 198.00
| 208.35
| 10.35
| 0.37
| Mosquito Hill
| HX08-26
| 174.60
| 202.75
| 28.15
| 0.39
| Mosquito Hill
| HX08-27
| 105.00
| 117.10
| 9.00
| 0.50
| Mosquito Hill
| HX08-28
| 133.00
| 136.00
| 3.00
| 1.23
| Mosquito Hill
| HX08-29
| 105.40
| 125.40
| 20.00
| 0.84
| Mosquito Hill
| HX08-30
| 42.00
| 48.00
| 6.00
| 0.92
| Mosquito Hill
| HX08-31
| 195.50
| 212.00
| 16.50
| 0.55
| Mosquito Hill
| HX08-32
| 146.48
| 164.00
| 17.52
| 0.38
| Mosquito Hill
| HX08-33
| 122.72
| 161.40
| 38.68
| 0.57
| Mosquito Hill
| HX08-34
| 123.44
| 133.62
| 10.18
| 0.52
| Mosquito Hill
| HX09-35
| 139.54
| 153.04
| 13.50
| 0.64
| Mosquito Hill
| HX09-37
| 122.05
| 155.85
| 30.80
| 0.51
| Mosquito Hill
| HX09-38
| 77.12
| 154.61
| 77.49
| 0.38
| Mosquito Hill
| HX09-39
| 37.62
| 142.62
| 44.05
| 0.21
| Mosquito Hill
| HX09-40
| 31.91
| 45.83
| 13.92
| 0.50
| Mosquito Hill
| HX09-41
| 16.46
| 51.00
| 34.54
| 0.31
| Mosquito Hill
| HX09-42
| 41.85
| 56.88
| 15.03
| 0.43
| Mosquito Hill
| HX09-43
| 51.30
| 58.04
| 6.74
| 0.54
| Mosquito Hill
| HX09-44
| 59.96
| 95.39
| 35.43
| 0.42
| Mosquito Hill
| HX09-45
| 82.43
| 87.63
| 5.20
| 0.75
| Mosquito Hill
| HX09-46
| 74.32
| 105.88
| 31.56
| 0.37
| Mosquito Hill
| HX10-47
| 77.00
| 145.00
| 68.00
| 0.78
| Mosquito Hill
| including
| 78.00
| 108.00
| 30.00
| 1.02
| Mosquito Hill
| HX10-48
| 97.41
| 128.00
| 30.59
| 0.64
| Mosquito Hill
| HX10-49
| 92.00
| 124.00
| 32.00
| 0.54
| Mosquito Hill
| HX10-50
| 91.00
| 201.00
| 110.00
| 0.50
| Mosquito Hill
| including
| 91.00
| 101.00
| 10.00
| 1.52
| Mosquito Hill
| HX10-51
| 37.45
| 42.47
| 7.72
| 1.16
| Mosquito Hill
| HX10-52
| 72.50
| 155.00
| 82.50
| 0.56
| Mosquito Hill
| including
| 102.00
| 120.00
| 18.00
| 1.01
| Mosquito Hill
| HX10-53
| 149.10
| 209.70
| 60.60
| 0.74
| Mosquito Hill
| including
| 165.50
| 191.35
| 25.85
| 1.05
| Mosquito Hill
| HX10-54
| 47.95
| 69.25
| 21.30
| 0.36
| Mosquito Hill
| HX10-55
| 212.00
| 274.00
| 62.00
| 0.70
| Mosquito Hill
| including
| 218.00
| 242.00
| 24.00
| 1.00
| Mosquito Hill
| HX10-56
| 42.00
| 46.13
| 4.13
| 0.66
| Mosquito Hill
| HX10-58
| 210.00
| 325.04
| 115.04
| 0.46
| Mosquito Hill
| including
| 210.00
| 220.45
| 10.45
| 1.18
| Mosquito Hill
| HX10-59
| 261.88
| 271.04
| 9.16
| 1.18
| Mosquito Hill
| HX10-60
| 256.94
| 261.80
| 4.86
| 0.63
| Mosquito Hill
|
Table 1: Drill Hole Summary Composite Intervals for the Mosquito Hill Gold Deposit
Reid Gold Deposit Area Historical Drill Intervals
Twenty-one (21) shallow drill holes in 4,698.88 metres were completed within the Reid Gold Deposit between 2003 and 2011. Drill hole interval composites are highlighted in Table 2 below. Bold text represents significant drill intervals bulleted on first page of the press release. Drill intervals are down-the-hole intervals and not true thickness.
Drill Hole
| From
(m)
| To
(m)
| Core Length (m)
| Gold
(g/t)
| Deposit
Name/Area
| BO-03-1
| 17.60
| 19.20
| 1.60
| 1.87
| Reid
| BO-03-2
| 81.20
| 102.70
| 21.50
| 1.10
| Reid
| including
| 96.70
| 102.70
| 6.00
| 1.60
| Reid
| BO-03-3
| 78.80
| 98.80
| 20.00
| 1.60
| Reid
| including
| 82.30
| 93.40
| 10.60
| 2.20
| Reid
| and
| 116.10
| 152.20
| 36.10
| 0.96
| Reid
| including
| 143.40
| 148.00
| 4.60
| 2.20
| Reid
| BO-03-4
| 83.50
| 95.60
| 12.10
| 0.57
| Reid
| BO-03-5
| 8.10
| 11.00
| 2.90
| 1.10
| Reid
| BO-03-6
| 51.50
| 92.90
| 41.40
| 1.10
| Reid
| including
| 53.00
| 59.00
| 6.00
| 1.9
| Reid
| BO-04-15
| 56.30
| 116.10
| 59.80
| 0.83
| Reid
| including
| 78.20
| 110.10
| 31.90
| 1.07
| Reid
| and
| 165.40
| 171.50
| 6.10
| 1.74
| Reid
| and
| 226.30
| 227.30
| 1.00
| 6.15
| Reid
| BO-09-16
| 133.05
| 153.50
| 20.45
| 1.27
| Reid
| including
| 147.75
| 153.50
| 5.75
| 3.89
| Reid
| BO-09-18
| 59.27
| 63.40
| 4.13
| 1.19
| Reid
| BO-09-19
| 79.90
| 132.00
| 2.10
| 0.76
| Reid
| including
| 110.00
| 124.04
| 14.04
| 1.05
| Reid
| BO-09-20
| 17.18
| 118.26
| 101.08
| 0.54
| Reid
| including
| 66.80
| 86.55
| 19.75
| 1.00
| Reid
| BO-09-21
| 68.00
| 104.95
| 36.95
| 0.36
| Reid
| BO-09-22
| 122.70
| 143.60
| 20.90
| 0.78
| Reid
| BO-11-23
| 23.05
| 38.06
| 15.01
| 1.03
| Reid
| including
| 34.00
| 38.06
| 4.06
| 2.52
| Reid
| BO-11-24
| 15.94
| 103.98
| 88.04
| 0.71
| Reid
| including
| 27.94
| 61.00
| 36.06
| 1.15
| Reid
| BO-11-25
| 307.55
| 333.00
| 25.45
| 1.48
| Reid
| including
| 317.10
| 324.90
| 7.80
| 3.62
| Reid
| BO-11-26
| 89.00
| 95.07
| 6.07
| 1.05
| Reid
| BO-11-27
| 180.00
| 186.00
| 6.00
| 1.08
| Reid
| BO-11-28
| 36.98
| 44.00
| 7.02
| 0.76
| Reid
| BO-11-30
| 162.00
| 180.00
| 18.00
| 0.63
| Reid
|
Table 2: Drill Hole Summary Composite Intervals for the Reid Hill Gold Deposit
The Mosquito Hill Gold Deposit drill hole collar coordinates are outlined in Table 3 below.
Drill Hole
| Azimuth
| Dip°
| Hole Length (m)
| UTM N (NAD 27)
| UTM E (NAD27)
| HX06-01
| 340
| -45
| 57.00
| 5367811
| 604191
| HX06-02
| 340
| -70
| 60.20
| 5367811
| 604191
| HX09-03
| 340
| -68
| 166.73
| 5367824
| 604234
| HX09-04
| 340
| -70
| 62.79
| 5367284
| 604234
| HX09-05
| 340
| -45
| 81.38
| 5367765
| 604209
| HX06-06
| 340
| -70
| 81.08
| 5367765
| 604209
| HX06-07
| 340
| -45
| 124.05
| 5367719
| 604230
| HX06-08
| 295
| -45
| 133.20
| 5367719
| 604230
| HX09-09
| 295
| -90
| 128.35
| 5367655
| 604208
| HX06-10
| 295
| -45
| 157.01
| 5367655
| 604208
| HX06-11
| 295
| -70
| 124.83
| 5367655
| 604208
| HX06-12
| 340
| -45
| 150.57
| 5367579
| 604139
| HX06-13
| 340
| -45
| 186.23
| 5367550
| 603882
| HX06-16
| 340
| -45
| 163.68
| 5367389
| 604157
| HX06-19
| 340
| -45
| 212.32
| 5367509
| 603792
| HX07-20
| 340
| -45
| 211.28
| 5367333
| 604073
| HX07-22
| 340
| -45
| 207.87
| 5367223
| 604052
| HX07-23
| 340
| -45
| 223.11
| 5367634
| 603843
| HX07-24
| 340
| -45
| 191.11
| 5367499
| 604220
| HX07-25
| 340
| -45
| 282.55
| 5367324
| 603752
| HX08-26
| 340
| -70
| 224.30
| 5367296
| 604190
| HX08-27
| 340
| -70
| 131.00
| 5367441
| 604137
| HX08-29
| 340
| -70
| 191.90
| 5361768
| 604023
| HX08-30
| 340
| -70
| 224.00
| 5367085
| 603947
| HX08-31
| 340
| -70
| 266.00
| 5366992
| 603876
| HX09-32
| 340
| -70
| 187.50
| 5367470
| 604232
| HX09-33
| 340
| -45
| 172.10
| 5367524
| 604200
| HX09-34
| 340
| -45
| 156.06
| 5367506
| 604168
| HX09-35
| 340
| -45
| 158.19
| 5367458
| 604185
| HX09-37
| 340
| -45
| 160.63
| 5367441
| 604137
| HX09-38
| 340
| -45
| 154.92
| 5367428
| 604029
| HX09-39
| 340
| -45
| 141.73
| 5367475
| 604077
| HX09-40
| 340
| -45
| 141.73
| 5367459
| 604024
| HX09-41
| 340
| -45
| 91.40
| 5367506
| 604006
| HX09-42
| 340
| -45
| 86.87
| 5367488
| 603962
| HX46-43
| 340
| -45
| 92.96
| 5367471
| 603910
| HX09-44
| 340
| -45
| 118.57
| 5367424
| 603929
| HX09-45
| 340
| -45
| 118.70
| 5367442
| 603977
| HX09-46
| 340
| -45
| 152.40
| 5367412
| 604043
| HX10-47
| 340
| -55
| 181.50
| 5367359
| 604114
| HX10-48
| 340
| -45
| 214.50
| 5367320
| 604050
| HX10-49
| 340
| -45
| 192.10
| 5367307
| 604029
| HX10-50
| 70
| -45
| 276.00
| 5367410
| 604033
| HX10-51
| 340
| -45
| 111.30
| 5367618
| 604067
| HX10-52
| 74
| -45
| 208.00
| 5367389
| 603934
| HX10-53
| 70
| -45
| 228.70
| 5367245
| 603791
| HX10-54
| 70
| -45
| 119.50
| 5367630
| 603869
| HX10-55
| 70
| -45
| 285.10
| 5367214
| 604425
| HX10-56
| 70
| -45
| 86.90
| 5367729
| 603782
| HX10-58
| 250
| -70
| 341.50
| 5367137
| 604253
| HX10-59
| 265
| -70
| 346.00
| 5367236
| 604386
| HX10-60
| 250
| -70
| 343.00
| 5367082
| 604246
|
Table 3: Mosquito Hill Deposit Drill Hole Collar Coordinates
The Reid Gold Deposit drill hole collar coordinates are outlined in Table 4 below.
Drill Hole
| Azimuth
| Dip°
| Hole Length (m)
| UTM N
(NAD 27)
| UTM E
(NAD 27)
| BO-03-1
| ---
| -90
| 122.00
| 5369188
| 602399
| BO-03-2
| ---
| -90
| 170.00
| 5369188
| 602318
| BO-03-3
| ---
| -90
| 165.00
| 5369083
| 602332
| BO-03-04
| 340
| -45
| 149.00
| 5369190
| 602499
| BO-03-05
| 160
| -50
| 170.00
| 5369037
| 602352
| BO-03-6
| ---
| -90
| 134.00
| 5369137
| 602433
| BO-04-15
| 070
| -45
| 261.00
| 5369077
| 602259
| BO-09-16
| ---
| -90
| 141.00
| 5369124
| 602453
| BO-09-17
| ---
| -90
| 171.60
| 5369098
| 602382
| BO-09-18
| ---
| -90
| 185.32
| 5369148
| 602364
| BO-09-19
| ---
| -90
| 185.32
| 5369105
| 602273
| BO-09-20
| ---
| -90
| 176.17
| 5369060
| 602291
| BO-09-21
| ---
| -90
| 176.17
| 5369014
| 602309
| BO-09-22
| ---
| -90
| 173.74
| 5369037
| 602354
| BO-11-23
| ---
| -90
| 227.05
| 5369050
| 602452
| BO-11-24
| ---
| -60
| 284.99
| 5369050
| 602452
| BO-11-25
| ---
| -60
| 340.46
| 5369012
| 602475
| BO-11-26
| 250
| -45
| 336.80
| 5369012
| 602475
| BO-11-27
| 250
| -60
| 373.38
| 5368970
| 602504
| BO-11-28
| 250
| -65
| 304.15
| 5369153
| 602486
| BO-11-30
| ---
| -60
| 305.14
| 5369007
| 602469
|
Table 4: Reid Deposit Gold Deposit Drill Hole Collar Coordinates
Assay Protocol (QA/QC)
Historical drill core samples completed over the Mosquito Hill Gold Deposit were transported to a locked warehouse facility in Bishop’s Falls. Core was processed at the warehouse facility where all core samples were cut in half, assigned a unique sample number, bagged, sealed and shipped directly to Accurassay (an independent lab) prep facility in Gambo, Newfoundland. Pulps were subsequently shipped by Accurassay to the Accurassay analytical facility in Thunder Bay, Ontario, where they underwent gold analysis by fire assay with AA finish. Gold standards and blanks, provided by Canadian Laboratories Inc., were inserted into the sample stream at a rate of one gold standard for each 20 samples, and one gold blank for every 50 samples.
Historical drill core samples completed over the Reid Gold Deposit were cut in half on site, with half core samples assigned a unique number, bagged, sealed and shipped to Eastern Analytical Limited (an independent lab) to Springdale, Newfoundland. Sample preparation, gold analysis via 1 A.T. fire assay with AA finish were completed at Eastern Analytical. Gold standards and blanks were inserted into the sample stream at a rate of one standard and one blank for every 20 samples. Gold standards were provided by CDN Resource Laboratories Ltd, of Delta BC. Blank material were natural samples of barren granite sourced from Skull Hill Intrusion, located in north-central Newfoundland. Reanalysis of samples were conducted if any aberration in data were observed.
Rocky Shore highlighted the assay protocol information above from the historical NI 43-101 technical reports completed on both the Mosquito and Reid Gold Deposits.
HISTORICAL MINERAL RESOURCE ESTIMATES
For the purposes of this news release, the above referenced mineral resource estimates for: (a) the Reid Deposit in Form 43-101F1 Technical Report for the Reid Zone Resource Estimate Brady Project Grand Falls-Windsor-Buchans Electoral District NTS: 2D/5 Newfoundland and Labrador for Golden Dory Resources Corp. with an effective date of September 30, 2011 and dated August 27, 2013 prepared by Giroux Consulting and (b) the Mosquito Hill Deposit in Form 43-101F1 Technical Report for the Mosquito Hill Zone and the Reid Zone Resource Estimates Huxter-Brady Project Grand Falls-Windsor-Buchans Electoral District NTS: 2D/5 Newfoundland and Labrador for Golden Dory Resources Corp. and Paragon Minerals Corporation with an effective date of February 15, 2010 and dated November 12, 2010 prepared by Giroux Consulting are each considered by Rocky Shore to be a “historical estimate” as defined under Ni 43-101. At both deposits, no economic assessment or scoping study was completed; therefore, a range of cut off values were provided in the technical reports. The resources described above used a cut-off of 0.30 g/t gold. While the Company considers the estimates and cut-off values to be reliable, no Qualified Person of Rocky Shore has done sufficient work to classify either historical estimate as a current mineral resource of Rocky Shore, and Rocky Shore is not treating either historical estimate as a current mineral resource for the purposes of this disclosure. Among other thing, significant data compilation, re-drilling, re-sampling and data verification may be required by a Qualified Person before such historical estimates can be classified as a current mineral resource. There can be no assurance that any of the historical mineral resources in whole or in part, will ever become economically viable. In addition, mineral resources are not mineral reserves and have not demonstrated economic viability. The Company is not aware of any other recent estimates prepared by Giroux Consulting or others for the Reid and Mosquito Hill. Even if classified as a current mineral resource, there is no certainty as to whether further drilling will result in any historical inferred or indicated resources being upgrade to an indicated or measured category.
QUALIFIED PERSON
Ken Lapierre, P. Geo., President and CEO of the Company, is a Qualified Person in accordance with the Canadian regulatory requirements as set out in National Instrument 43-101, has reviewed and approved the scientific and technical information that forms the basis for the disclosure contained in this news release. The drill hole intervals and data in this release were extracted from the historical NI 43-101 technical reports on the Mosquito Hill and Reid Gold Deposits.
ABOUT ROCKY SHORE GOLD LTD.
Rocky Shore Gold is a Canadian junior exploration company targeting expansion of its two porphyry-controlled Mosquito Hill and Reid gold deposits and discovery of structurally-controlled high grade gold zones at its 100%-owned Gold Anchor Project. The project is strategically located in central Newfoundland – hosting one of Canada’s most promising and underexplored gold belts. The district-scale project is the second-largest property (greater than 1,200 square kilometres) within an emerging gold district. The Gold Anchor Project is on trend to major gold discoveries and recent gold deposits northeast of the Gold Anchor Project associated with the highly prospective Appleton and JBP Faults. For more information, please visit our website at www.rockyshoregold.com.
Rocky Shore would like to acknowledge the financial support and approval of the 2025 Junior Exploration Assistance Program from the Department of Natural Resources, Government of Newfoundland and Labrador.
For more information, please contact:
Ken Lapierre, President & CEO
Rocky Shore Gold Ltd.
T: +1 (647) 678-3879
E: ken@rockyshoregold.com
Cathy Hume, CEO
CHF Capital Markets
T: +1 (416) 868-1079 x 251
E: cathy@chfir.com
Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects”, or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “does not anticipate”, or “believes” or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, or “will be taken”, “occur”, or “be achieved”. Certain information set forth in this news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, including, but not limited to, the acquisition of the optioned property, the establishment of current mineral resources, the high grade results, the assay results, the discussion of further exploration and the potential of the properties. The forward-looking information is based on reasonable assumptions and estimates of the management of the Company at the time such statements were made and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Rocky Shore to be materially different from those expressed or implied by such forward-looking information, including risks associated with the exploration; future commodity prices; changes in regulations; political or economic developments; environmental risks; permitting timelines; capital expenditures; technical difficulties in connection with exploration activities; employee relations; the speculative nature of mineral including the risks of diminishing quantities of grades of resources, contests over title to properties, the Company’s limited operating history, future capital needs and uncertainty of additional financing, and the competitive nature of the mining industry; the need for the Company to manage its future strategic plans; global economic and financial market conditions; uninsurable risks; and changes in project parameters as plans continue to be evaluated. Although Rocky Shore has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Although the forward-looking information contained in this news release is based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, Rocky Shore cannot assure shareholders that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. Rocky Shore does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking information, except as required by applicable securities law.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Photos accompanying this announcement are available at:https://www.globenewswire.com/Tracker?data=3tEnCkfVdhP4o2l11WcVCODUnacwPwTSgVC7N4h97Mb4-2HCvI0SlpP_3RqpLjlzzvC-wbEx13c0IGtci8tgiqlXlV8ENJ_pFCzGT5KNL-u1gSoNLcft9Pt1LarSY2iSd12176rjrevMFZQMtO5adAtL8FH-u3PrhuSJsUtY4-6P7_67jJeyYzC64nkSV-Ls32Xh6rCUvVFiZG8DnhYBm8eUBaRz5elUQyWW_kcY3qXCNOqG1hp2mQwTsT7QXBYDexcbG7MC0lX9EEP3CJy7NA==
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