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Rocky Shore Reports Gold and Antimony Results from Lucky 13 Zone in Newfoundland

Rocky Shore Gold has reported additional gold and antimony assays from widely spaced drilling at the Lucky 13 Au-Sb Zone in central Newfoundland.

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Rocky Shore Gold Ltd. (CSE:RSG; OTCQB:RSGLF) has reported additional assay results from drilling at the Lane Pond Gold Target within its 100%-owned Gold Anchor Project in central Newfoundland. The results identify gold and antimony mineralisation at the newly named Lucky 13 Au-Sb Zone, which is linked to an 11.0-kilometre-long airborne VTEM anomaly in the Appleton Fault Corridor.

#Drill results from Lucky 13

The reported intervals are estimated to represent near true thicknesses. Results include 31.64m grading 1.39 g/t AuEq, comprising 0.50 g/t Au and 0.30% Sb, in hole LP-26-12. A 4.00m section within that interval graded 5.58 g/t AuEq, including 0.67 g/t Au and 1.62% Sb.

Hole LP-26-13 returned 15.02m grading 2.71 g/t AuEq, with 2.04 g/t Au and 0.25% Sb. Its higher-grade section measured 3.02m at 4.69 g/t AuEq, including 0.98 g/t Au and 1.23% Sb.

Two other reported intervals were 17.02m grading 0.71 g/t AuEq, including 8.70m at 1.12 g/t AuEq, in LP-26-07; and 14.40m grading 0.66 g/t AuEq, including 6.10m at 1.12 g/t AuEq, in LP-26-19. The corresponding gold and antimony grades were reported as 0.65 g/t Au and 0.10% Sb for the first interval, and 0.59 g/t Au and 0.03% Sb for the second.

#Extent and geological characteristics

Rocky Shore said widely spaced holes have identified gold and antimony across a 400m strike length and a 450m dip extent. The Lucky 13 zone remains open in all directions.

The company said higher-grade mineralisation is associated with brittle deformation, silicification, quartz stockwork and sulphides. It also reported that drilling to date indicates grades increase with depth. The related VTEM anomaly extends beyond the current drilling both along strike and down-dip, and the company described it as largely untested. President and CEO Ken Lapierre said the anomaly has an apparent dip extent of at least 1,000 metres.

#Drilling completed and assays pending

Rocky Shore completed 25 holes comprising 8,086 metres at the Lane Pond Gold Target. Assay results had been reported for 18 holes comprising 5,826 metres.

Assays for holes LP-26-10, LP-26-20, LP-26-21 and LP-26-23-25 remained pending. Hole LP-26-21 was abandoned because of caving and did not reach its intended target. The company also said holes LP-26-03, LP-26-04, LP-26-05, LP-26-06, LP-26-09 and LP-26-14-18 and LP-26-22 reported no significant assay results.

#Exploration at Gold Anchor

Rocky Shore said drilling was continuing 5.0 kilometres west of the Lucky 13 area, in and around the Mosquito Gold Deposit. Lapierre said the company was awaiting further Lucky 13 assays and expected to report additional results from both areas in the coming weeks.

Gold Anchor hosts the Mosquito and Reid orogenic gold deposits, along with the Lucky 13 Au-Sb Zone. Rocky Shore’s other 100%-owned central Newfoundland project is Rocky Pond VMS, which includes the gold-rich Handcamp VMS Zone and other VMS showings along a 40-kilometre trend.

#How the AuEq grades were calculated

Rocky Shore stated that the AuEq figures are illustrative and combine gold and antimony into a single grade. The calculation uses USD$4,250/oz gold and USD$21/pound antimony, with assumed recoveries of 95% for gold and 90% for antimony. Antimony is described in the release as a critical mineral because of its use in national defence, fire safety, energy storage, semiconductors and alloy strengthening, as well as the concentrated and vulnerable nature of its global supply chain.

The company said its assay work was conducted by Eastern Analytical Ltd. in Springdale, Newfoundland, an independent ISO 17025-certified facility. Rocky Shore’s technical information was prepared and approved by Ken Lapierre, P.Geo., who is identified as a Qualified Person under National Instrument 43-101.

#Key Takeaways

  • Rocky Shore reported gold and antimony results from the Lucky 13 Au-Sb Zone at the Gold Anchor Project in central Newfoundland.
  • The strongest reported interval was 4.00m grading 5.58 g/t AuEq within 31.64m grading 1.39 g/t AuEq in LP-26-12.
  • Widely spaced drilling has outlined mineralisation over a 400m strike length and a 450m dip extent, with the zone open in all directions.
  • Results from 18 holes comprising 5,826 metres had been reported, while assays from holes LP-26-10, LP-26-20, LP-26-21 and LP-26-23-25 remained pending.
  • Drilling was continuing 5.0 kilometres west of Lucky 13 around the Mosquito Gold Deposit.

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