Rockland Resources Ltd. has reported visible gold in the first two drill holes completed as part of its ongoing 3,000-meter 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 to aid exploration.
In drill hole RR-26-01, visible gold was intersected at three locales, including from 82.20 to 82.60 meters over a core length of 0.40 meters and at a depth of 85.70 meters down-hole. Drill hole RR-26-02, a deeper cut below RR-26-01, intersected visible gold over a 0.20-meter interval between 74.90 to 75.10 meters and at a deeper intercept of 187.00 meters down-hole. Photographs of the gold mineralization are available on the company's 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 meters in width and contain lesser biotite and subordinate garnet. These zones also contain disseminated chalcopyrite, pyrite, and arsenopyrite, suggesting appreciable potential widths for gold mineralization if assays are favorable.
Closely associated with the veins and silicified zones are prominent altered ultramafic and mafic dikes, intersected over variable widths. This association suggests the dikes and veins occupy the same structures, with proximity of ultramafic rocks to gold mineralization being well-known in the Red Lake district, which augurs well for the Cole property. Mike England, CEO of Rockland, stated that multiple occurrences of visible gold in the initial holes mark an exciting start to the drill 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. The company also looks forward to drilling several other high-priority targets containing high-grade gold mineralization that have never been drill tested.
It should be noted that visible gold observed in drill core does not on its own indicate the grade, continuity, or economic viability of mineralization. The technical disclosure was reviewed and approved by Danae Voormeij, P. Geo., who serves as the Qualified Person under National Instrument 43-101. For more information, readers can visit https://www.rocklandresources.com/colegoldmines to view sample pictures and learn more about the project.
