sur Rocky Shore Gold Ltd. (CVE:RSG)
Rocky Shore Gold Initiates Drilling and Expands in Newfoundland
Rocky Shore Gold Ltd. announced the commencement of a drilling program at its Gold Anchor Project in central Newfoundland. The program targets the Lane Pond Gold Target, spanning 11 kilometers, with 15 to 20 drill holes planned over 3,500 meters. This area exhibits promising gold mineralization within the Appleton Fault Corridor, enhancing the potential for high-grade and bulk-tonnage gold exploration.
Additionally, Rocky Shore has acquired 13 new mining claims, reinforcing its strategic position in Canada's burgeoning gold belt. The transaction, involving $25,000 and 250,000 common shares, grants Rocky Shore a 100% interest subject to a 2% net smelter return royalty, half of which can be repurchased.
Rocky Shore plans further exploration to maximize Gold Anchor's potential. President Ken Lapierre expressed optimism about the program's ability to discover new gold-bearing systems and extend mineralization.
R. H.
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