01:01:29 EDT Wed 10 Jun 2026
Enter Symbol
or Name
USA
CA



Rockland Resources Ltd (2)
Symbol RKL
Shares Issued 77,909,712
Close 2026-06-09 C$ 0.155
Market Cap C$ 12,076,005
Recent Sedar+ Documents

Rockland drills 0.5 m of 113 g/t Au at Cole

2026-06-09 19:59 ET - News Release

Mr. Michael England reports

ROCKLAND REPORTS HIGH-GRADE GOLD MINERALIZATION AT COLE GOLD MINES PROJECT, RED LAKE

Rockland Resources Ltd. has released assay results from the first three of 19 holes from the recently completed winter drill program at the 100-per-cent-owned Cole gold mines property in the prolific Red Lake mining district, Ontario. Initial drilling targeted the historic Cole mine shaft and confirmed the gold-bearing quartz vein system mapped during the 1933 to 1937 exploration program. Mineralization occurs as a stacked sequence of quartz veins from 30 centimetres to 1.8 metres in width, with gold hosted in quartz and concentrated at felsic, mafic and ultramafic rheological boundaries. These holes have demonstrated that the gold-bearing vein system continues at depth below the Cole mine workings. Coarse visible gold was observed in drill core from multiple holes.

Owing to coarse gold being intersected in multiple holes, the company is completing metallic screen analysis, combined with standard fire assay, to address the nugget effect. The nugget effect refers to the erratic gold grades that can result when coarse, visible gold is unevenly distributed in a sample, which a standard small-aliquot fire assay may under or overstate. Metallic screen analysis processes a much larger sample to produce a more reliable grade. Metallic screen results remain pending on six samples from this set of holes, and additional results from the balance of the program will be reported as received from the laboratory.

"Our initial drilling has definitely confirmed high-grade gold mineralization at Cole," stated Mike England, chief executive officer of Rockland. "Intercepts of 100 g/t gold are rare in our industry, making us even more excited about our upcoming program as the vein sets in the Cole mine shaft area are located in close proximity to a large-scale structure identified in our airborne survey."

Highlight results from initial drilling

RR-26-01:

  • 1.95 grams per tonne gold over 2.55 metres from 82.20 m, including 0.50 m at 3.84 g/t Au.

RR-26-02 (multivein):

  • 28.30 g/t Au over 0.80 m from 103.20 m;
  • 11.40 g/t Au over 1.80 m from 109.00 m;
  • 9.46 g/t Au over 1.80 m from 92.00 m, including 0.50 m at 32.60 g/t Au;
  • 13.20 g/t Au over 0.70 m from 98.00 m;
  • 8.99 g/t Au over 0.60 m from 74.75 m.

RR-26-03:

  • 113.00 g/t Au over 0.50 m from 236.50 m downhole, approximately 214-metre vertical depth, or 53 m vertically below the deepest 1937 underground level;
  • 4.59 g/t Au over 1.00 m from 146.00 m, including 0.50 m at 7.76 g/t Au.

All intercepts are reported as downhole lengths. True widths have not been determined and are pending further structural interpretation. Composite intercepts use a 0.5 g/t Au cut-off with maximum 2.0-metre internal dilution.

This drill program was the culmination of a comprehensive, multiyear program consisting of prospecting, mapping and sampling, as well as interpretation of geophysical surveying. Targets were identified, collated and ranked for drill testing. The winter drill program tested several initial targets on the property, including veining associated with the historic Cole mine shaft, surface mineralization on the shore of Greg Smith Lake (the GSL zone) and surface mineralization identified on the shore of Pipestone Bay. Several holes were drilled to gain a better understanding of the geology in an area where there is substantial overburden.

An airborne magnetic geophysical survey was also completed to assist in understanding the broader geological picture and identify key structures that could result in new discoveries on the property. Several large-scale D-2 structures were identified that will be the focus of the coming phase 2 drill program.

Quality assurance/quality control

Drill core samples were submitted to Activation Laboratories Ltd., an accredited laboratory, at its Thunder Bay, Ont., facility. Standard analysis is by fire assay on a 30-gram aliquot with atomic absorption finish. Samples containing visible gold or returning five g/t Au or greater are additionally analyzed by metallic screen fire assay on a one-kilogram aliquot, a 50-gram aliquot fire assay with gravimetric finish and four-acid digest with ICP-MS finish. Certified reference materials, blanks and field duplicates were inserted into the sample stream as part of the company's QA/QC program. All returned results within acceptable tolerances.

Qualified person

Disclosure of a technical or scientific nature in this news release has been reviewed and approved by Donald Hoy, MSc, PGeo, a qualified person under the definition of National Instrument 43-101, a consultant to Rockland Resources.

About Rockland Resources Ltd.

Rockland Resources is committed to unlocking value through focused mineral exploration and discovery. The company's flagship project is the historic Cole gold mines project in the prolific Red Lake district of Ontario. By leveraging geological expertise, disciplined exploration and strategic project development, Rockland Resources aims to deliver meaningful growth and long-term value to its shareholders.

We seek Safe Harbor.

© 2026 Canjex Publishing Ltd. All rights reserved.