Materials

Rocky Shore Reports MTH Zone Discovery and Plans 20,000-Metre Gold Anchor Drill Program

Rocky Shore Gold reported the MTH Zone discovery east of the Mosquito Deposit in central Newfoundland and outlined plans to expand drilling at Gold Anchor to 20,000 metres.

Published:
Reading Time
3 min

Rocky Shore Gold Ltd. reported the discovery of the MTH Zone at its Gold Anchor Project in central Newfoundland, along with new drilling results from the Mosquito Deposit. The company said the newly identified zone extends gold mineralisation beyond the current Mosquito resource limits and that its exploration programme will increase to 20,000 metres.

#MTH Zone identified east of Mosquito

The MTH Zone is located in a previously undrilled area immediately east of the Mosquito Deposit resource limits. Drilling encountered a thick, sulphide-rich tuffaceous sedimentary horizon associated with a large geophysical anomaly.

Rocky Shore said the zone remains open in all directions. Drilling has traced it from the eastern edge of the Mosquito Deposit to more than 400 metres east of the current resource limits.

#Results from MTH drilling

Reported intersections from the MTH Zone included:

  • 154.78m grading 0.34 g/t Au, including 11.40m grading 1.01 g/t Au, in MH-26-05;
  • 50.00m grading 1.01 g/t Au, including 4.70m grading 2.75 g/t Au, in MH-26-06;
  • 90.65m grading 0.33 g/t Au, including 14.90m grading 0.83 g/t Au, in MH-26-07; and
  • 48.90m grading 0.73 g/t Au, including 6.65m grading 1.65 g/t Au, in MH-26-08.

Based on the company’s current geological interpretation, the reported drill-hole thicknesses are estimated to approximate true thickness.

#Mosquito Deposit confirmation drilling

Confirmation drilling within the existing Mosquito Deposit resource limits produced what Rocky Shore described as the highest-grade interval to date within the deposit. Hole MH-26-02 returned 94.10m grading 0.77 g/t Au, including 2.50m grading 7.88 g/t Au.

Other reported Mosquito results were 33.20m grading 1.07 g/t Au, including 6.20m grading 2.01 g/t Au, in MH-26-01; 59.20m grading 0.49 g/t Au, including 11.00m grading 1.00 g/t Au, in MH-26-03; and 19.87m grading 0.41 g/t Au, including 1.10m grading 2.46 g/t Au, in MH-26-04.

#Drilling programme expanded

Rocky Shore said more than 60% of the interpreted intrusion associated with the Mosquito Deposit remains untested by drilling. The company also said the Mosquito Deposit and MTH Zone may be part of a larger and more complex bulk-scale mineralised system extending beyond the current resource limits.

President and CEO Ken Lapierre said the MTH results had broadened the company’s interpretation of the Gold Anchor system. He said the decision to increase drilling to 20,000 metres would support further evaluation of the project’s scale while significant areas remain untested.

#Pending assays and technical details

Assays from MH-26-09 to MH-26-13 were pending at the time of the announcement. Samples are being submitted to Eastern Analytical Ltd. in Springdale, Newfoundland, an independent ISO 17025 Certified Analytical Testing Facility. The company said its quality-control process includes 1 blank and 1 Certified Reference Material for every 18 samples.

Rocky Shore is a Canadian junior explorer focused on the Gold Anchor and Rocky Pond VMS projects in central Newfoundland. Gold Anchor covers more than 1,200-square-kilometre and includes the Mosquito and Reid gold deposits, the MTH Zone and other exploration targets. Rocky Pond is located in the Roberts Arm VMS Belt and includes the Handcamp VMS Zone and copper-rich VMS showings along a 40-kilometre trend.

The company’s announcement included forward-looking information subject to risks related to exploration results, future commodity prices, regulatory changes, permitting timelines, environmental matters, technical difficulties, financing requirements, title issues, economic conditions and changes to project plans. Rocky Shore said actual results may differ from those expressed or implied by that information.

#Key Takeaways

  • Rocky Shore reported the MTH Zone discovery east of the Mosquito Deposit at Gold Anchor.
  • The MTH Zone remains open in all directions and has been traced to more than 400 metres east of the current resource limits.
  • MH-26-02 returned 94.10m grading 0.77 g/t Au, including 2.50m grading 7.88 g/t Au, within the Mosquito Deposit.
  • The company said more than 60% of the interpreted Mosquito intrusion remains untested by drilling.
  • Rocky Shore plans to expand the drilling programme to 20,000 metres, while assays from MH-26-09 to MH-26-13 remain pending.

Original source: Read original article

Frequently Asked Questions