Rockland Reports on First 2 Drill Holes Completed at the Cole Gold Mines Project in the Red Lake District, Ontario

Core Viewpoint - Rockland Resources Ltd. has reported the discovery of visible gold in the first two drill holes of a 3,000-metre diamond drilling program at its Cole Gold Mines Project in Ontario, indicating promising potential for gold mineralization in the area [1][8]. Exploration Details - The initial drill holes were aimed at confirming the style and nature of gold mineralization and understanding alteration styles, lithologies, and structural controls associated with precious-metal mineralization [2]. - The Cole Gold Mine has a shaft sunk to a depth of 160 metres, with levels established at 90, 120, and 150 metres, and is classified as a non-producing historic mine [3]. Drill Hole Findings - Drill hole RR-26-01 intersected visible gold at three locations, specifically from 82.20 to 82.60 metres over a core length of 0.40 metres, and an additional intercept at 85.70 metres [3]. - Drill hole RR-26-02, which is deeper than RR-26-01, intersected visible gold over a 0.20-metre interval between 74.90 to 75.10 metres and another intercept at 187.00 metres [4]. Geological Context - Gold mineralization is found in deformed quartz veins and stockwork within broad zones of intense silicification, suggesting significant potential widths for gold mineralization if assays are favorable [5]. - The presence of altered ultramafic and mafic dikes associated with the veins containing visible gold indicates a geological environment conducive to gold mineralization, which is well-documented in the Red Lake district [6]. Management Commentary - The CEO of Rockland Resources expressed excitement over the multiple occurrences of visible gold in the initial drill holes, highlighting that the deepest hole completed so far contains the best occurrence of visible gold, suggesting that gold mineralization continues to depth [8]. Company Overview - Rockland Resources is focused on mineral exploration and discovery, with its flagship project being the historic Cole Gold Mines project in the Red Lake district of Ontario [11]. - The company aims to deliver meaningful growth and long-term value to its shareholders through disciplined exploration and strategic project development [12].