Announcement • Jun 10
Rocky Shore Gold Ltd. Reports Discovery of Bulk-Style Gold Zone At the Gold Anchor Project and Provides Initial Drilling Results
Rocky Shore Gold Ltd. reported that its initial reconnaissance drill program at the Lane Pond Gold Target has identified a near-surface bulk-style gold zone, interpreted to be associated with the prolific Appleton Fault. The Appleton Fault and its subsidiary splays are among the region’s priority gold-bearing structural corridors and host several gold deposits and recent discoveries northeast of the Company’s Gold Anchor Project. To date, 13 holes have been completed, with samples from three holes assayed and reported. Results from the remaining holes will be released once received. Bulk-style gold intervals from the three reported holes, interpreted as approximate true thicknesses, are highlighted below. 13.26 metres grading 0.41 g/t Au, including 2.70 metres grading 1.00 g/t Au (LP-26-01). 14.91 metres grading 0.44 g/t Au, including 3.99 metres grading 1.10 g/t Au (LP-26-01). 8.11 metres grading 0.84 g/t Au, including 5.03 metres grading 1.10 g/t Au (LP-26-02). 17.02 metres grading 0.65 g/t Au, including 8.7 metres grading 1.02 g/t Au and 4.35 metres grading 1.41 g/t Au (LP-26-07). The gold zone has been intersected in eight widely spaced drill holes over 400 metres of strike, 600 metres down-dip, and from 50 to 240 metres vertically, and remains open in all directions. The discovery lies within the 11.0-kilometre Lane Pond Gold Target, a largely untested north-trending VTEM geophysical anomaly east of the Company’s Mosquito Hill and Reid open-pit gold deposits. The Gold Anchor Project forms part of an emerging gold district in central Newfoundland. A total of 13 drill holes, comprising 4,390 metres, have been completed in the central part of the Lane Pond Gold Target. Assay results have been received for three holes (LP-26-01, LP-26-02, and LP-26-07). The bulk-style gold zone discovery is associated with the Appleton Fault, a major gold-bearing structure that hosts significant remobilized and enriched gold mineralization along second and third-order fault splays northeast of the project. The zone has been intersected over 400 metres of strike, more than 600 metres down dip, and from 50 metres to more than 240 metres vertically. It remains open in all directions and is linked to an extensive, largely untested, north-trending VTEM geophysical anomaly that defines the 11.0-kilometre Lane Pond Gold Target. The bulk-style gold zone occurs within a weakly to strongly altered, foliated, graphitic, sheared, mineralized quartz-carbonate stockwork. Mineralization, reaching up to 20% by volume, includes pyrite and arsenopyrite, with lesser chalcopyrite, sphalerite, galena, stibnite, and pyrrhotite. Associated lithologies include conglomerate, graphitic shale, graphitic fault zones, and siltstone.
