Rocky Shore Gold Expands Gold Anchor Project with New Mining Claims

Rocky Shore Gold Ltd. has announced the acquisition of 128 additional mining claims in central Newfoundland. Executed through a wholly-owned subsidiary, these agreements involve a mix of cash and common shares, enhancing Rocky Shore's presence in a promising Canadian gold belt.

The first agreement grants Rocky Shore a 100% interest in 58 claims, involving 750,000 common shares, with a 2.0% net smelter return (NSR) royalty. Similarly, the second agreement secures another 70 claims for $45,000 and 750,000 shares. The vendor retains a similar royalty with repurchase options available.

CEO Ken Lapierre highlighted the strategic value of these acquisitions, aligning closely with their Lane Pond Gold Target. As Rocky Shore prepares for its inaugural drilling at Lane Pond, the potential for multiple gold systems makes this a high-priority project in an emerging district.