Rockland Resources Reports Visible Gold in Initial Drill Holes at Cole Gold Mines Project

Rockland Resources Ltd. has reported visible gold intersections in the first two drill holes completed as part of its ongoing 3,000-metre diamond drilling program at the 100%-owned Cole Gold Mines Project in Ontario’s Red Lake Mining District. The initial holes, RR-26-01 and RR-26-02, were drilled at the historic Cole Gold Mine to confirm the style and nature of gold mineralization and to establish alteration styles, lithologies, and structural controls for future exploration.

In drill hole RR-26-01, visible gold was intersected at three locales, including an interval from 82.20 to 82.60 metres over a core length of 0.40 metres and an additional intercept at 85.70 metres down-hole. Drill hole RR-26-02, a deeper cut below the first hole, intersected visible gold over a 0.20-metre interval between 74.90 to 75.10 metres and at a depth of 187.00 metres down-hole. Photographs of this mineralization are available on the Rockland Resources website.

The gold mineralization is hosted in deformed quartz veins, veinlets, and stockwork that cross-cut broad zones of intense silicification, which range from 7 to 30 metres in width. These zones contain lesser biotite and subordinate garnet, with quartz veins also including fine-grained arsenopyrite, chalcopyrite, pyrite, and locally, tourmaline. The silicified zones contain disseminated chalcopyrite, pyrite, and arsenopyrite in seams and fracture fillings, suggesting appreciable potential widths for gold mineralization if assays are favourable. Closely associated with the veins and silicified zones are prominent altered ultramafic and mafic dikes, a proximity well-known in the Red Lake district for gold mineralization, which augurs well for the Cole property.

Mike England, CEO of Rockland, stated that multiple occurrences of visible gold in the initial drill holes mark an exciting start to the program, with hole RR-26-02 being the deepest completed and containing the best occurrence of visible gold to date. This intercept beneath the Cole Gold Mine workings indicates gold mineralization continues to depth, which is encouraging for future exploration. The company plans to drill several other high-priority targets containing high-grade gold mineralization that have never been drill-tested. It should be noted that visible gold in drill core does not on its own indicate the grade, continuity, or economic viability of mineralization.

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