Rockland Minerals Corp. (TSX VENTURE:RL) (the "Company") is pleased to announce
that it has vested its 55% interest in the Schefferville Gold Property, under
the September 29th, 2010 Option and Joint Venture Agreement with Western Troy
Capital Resources Inc. (TSX VENTURE:WRY). Under the option agreement, Rockland
acquired its 55% interest in the Property by completing $800,000 in exploration
work, including a 1,525 meter drilling program last Sept-Oct and a detailed
Heli-Mag survey in May. Rockland has also made cash payments totaling $60,000
and has issued 600,000 common shares to complete the earn-in. 


The option agreement covers 199 claims staked over known gold showings
originally discovered in the mid-1980's by Quebec government geologists. They
cover the highly prospective Arsene-Baleine Rouge and Rusty Acres areas and many
claims contiguous and intermingled with Rockland's Ashuanipi gold claims,
optioned from E.D. Black, where Rockland is earning a 100% interest.


During the fall of 2010, Rockland completed a 1,525 meter diamond drilling
program on the Schefferville Gold Property. Highlights from the drill program
included 8.25 metres of 1.24 grams per tonne gold (including 1.20 m of 6.63 g/t
au) and 12.55 metres of 1.04 grams per tonne gold (including 1.10 m of 9.02 g/t
au). These results, along with Western Troy's 2009 drilling, (in particular hole
WT09-04 which encountered 5.56 grams per tonne gold over a core length of 7.11
metres in the Baleine Rouge Central zone), confirm the presence of broad zones
of near-surface disseminated gold mineralization. All Schefferville Gold Project
information can be reviewed at www.rocklandminerals.ca.


In early 2011, Rockland began the work of compiling past exploration data on the
property to help project and follow the broad zones of anomalous gold values
defined in the fall 2010 drilling, and find more of the high grade gold
occurrences known to occur within these disseminated gold zones. In May,
Rockland launched a  detailed, low-altitude, helicopter-borne magnetic survey
over the Arsene and Rusty Acres zones flown by Novatem Inc of Mont-Saint-Hilaire
QC. Results of the heli-mag survey will be released as soon as the data has been
interpreted, and the Company will announce its next phase of exploration soon.


George F. Sanders, P.Geo, a director of the Company, and the Qualified Person
under National Instrument 43-101 responsible for the technical content of this
news release, states: "Drilling by Rockland has demonstrated the presence of
multiple, broad gold zones extending from the Arsene to the Baleine Rouge
drilling areas - a N-S distance of more than 1.2 kilometers - containing a
number of higher-grade 'sweet spots'. The focus will be on the gold zones in the
Arsene-Baleine Rouge area, and on the numerous plus-1-gram surface gold
anomalies the Rusty Acres area which have never been drilled." 


Rav Mlait, President of Rockland states, "Completing our earn-in has helped us
consolidate the numerous gold occurrences in Schefferville gold area. Rockland
will continue building on the very encouraging gold drill results to date." 


We seek Safe Harbor. 

On behalf of the Board of Directors

Rav Mlait, President and CEO

Rockland Minerals Corp.

Rockland Minerals Corp. (TSXV:RL)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Rockland Minerals Corp. Charts.
Rockland Minerals Corp. (TSXV:RL)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Rockland Minerals Corp. Charts.