Rockland Minerals Corp. (TSX VENTURE:RL) (the "Company") is pleased to announce
that it has increased its participating interest from 55% to 64% in the
Schefferville Gold Property through its exploration activities on the property
since completing earn-in on June 12, 2011. Rockland and Western Troy Capital
Resources Inc., formed a joint venture on the property in June 2011 and Rockland
subsequently carried out two field exploration programs on the Rusty Acres zone
in July and September 2011. 


The joint venture 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.
Rockland now holds a 64% interest and Western Troy holds a 36% interest in the
property. 


The Schefferville Gold property mineralization is believed to be hosted within
and adjacent to thin, Algoma-type banded iron formations lying in a
metasedimentary graywacke sequence which is now complexly folded and
metamorphosed to the upper amphibolite to granulite facies. Rockland believes
that these Archean-age iron-rich units trapped gold mineralization mobilized
during devolitalization of sedimentary rocks, deep within the roots of an
orogenic zone, and that the Ashuanipi arsenic-gold occurrences were formed near
the brittle-ductile crustal transition, in the root zones of an Abitibi-type
system as postulated by E.M. Cameron of the Geological Survey of Canada in 1989.



Gold mineralization was discovered relatively recently, in the mid-1980's,
during Quebec government regional lake-bottom geochemical surveys, and the area
has only seen one cycle of exploration drilling. Based on Rockland drilling and
field work to date, the company believes that the potential for several shallow
open pit disseminated gold deposits exist. 


Exploration highlights 

During fall 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. 


During fall 2011, two sampling programs discovered widespread gold values, in
the 4-12 grams-per-tonne gold range, in surface grab samples from iron-stained
outcrops at the Rusty Acres zone. A lone grab sample from one of the mineralized
areas at Rusty Acres returned a gold assay of 171 g/t Au, a value higher than
anything previously reported in the literature and confirms the attractiveness
of this target area. Pathfinder multi-element geochemical data from this
high-grade sample shows iron, sulfur and arsenic contents typical of the
gold-bearing Precambrian iron formations sampled so far in the district, plus
highly anomalous pathfinders antimony and bismuth.


George F. Sanders, P.Geo, a director of the Company and the Qualified Person
under NI 43-101 responsible for the technical content of this news release. 


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.