13:23:58 EDT Wed 10 Jun 2026
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Rocky Shore Gold Ltd
Symbol RSG
Shares Issued 236,912,806
Close 2026-06-09 C$ 0.135
Market Cap C$ 31,983,229
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Rocky Shore expands drilling at Gold Anchor project

2026-06-10 12:17 ET - News Release

Mr. Ken Lapierre reports

ROCKY SHORE GOLD DISCOVERS BULK-STYLE GOLD ZONE AT THE GOLD ANCHOR PROJECT, DRILL PROGRAM EXPANDS FROM 3,500 METRES TO 12,500 METRES

Rocky Shore Gold Ltd.'s initial reconnaissance drill program at the Lane Pond gold target has identified an near-surface bulk-style gold zone, interpreted to be associated with the prolific Appleton fault. The Appleton fault and its subsidiary splays are among the region's priority gold-bearing structural corridors, and host several gold deposits and recent discoveries northeast of the company's Gold Anchor project.

To date, 13 holes have been completed, with samples from three holes assayed and reported. Results from the remaining holes will be released once received. Bulk-style gold intervals from the three reported holes, interpreted as approximate true thicknesses, are highlighted below.

  • 13.26 metres grading 0.41 gram per tonne Au, including 2.70 metres grading 1.00 g/t Au (LP-26-01);
  • 14.91 metres grading 0.44 g/t Au, including 3.99 metres grading 1.10 g/t Au (LP-26-01);
  • 8.11 metres grading 0.84 g/t Au, including 5.03 metres grading 1.10 g/t Au (LP-26-02);
  • 17.02 metres grading 0.65 g/t Au, including 8.7 metres grading 1.02 g/t Au and 4.35 metres grading 1.41 g/t Au (LP-26-07).

The gold zone has been intersected in eight widely spaced drill holes over 400 metres of strike, 600 metres down dip and from 50 to 240 metres vertically, and remains open in all directions. The discovery lies within the 11.0-kilometre Lane Pond gold target, a largely untested north-trending VTEM geophysical anomaly east of the company's Mosquito Hill and Reid open-pit gold deposits. The Gold Anchor project forms part of an emerging gold district in central Newfoundland.

Ken Lapierre, president and chief executive officer of Rocky Shore, commented: "The first phase of drilling at Lane Pond has delivered exactly what an early reconnaissance program is meant to achieve: confirmation of a large, gold-bearing, sulphide-rich alteration zone in a highly prospective structural setting. These initial assays show that the system contains gold and, just as importantly, that drilling has defined scale, continuity and clear targets for follow-up work.

Lane Pond is not a small, isolated target. It lies within an 11.0-kilometre geophysical, geological and structural trend linked to the Appleton fault Corridor, one of central Newfoundland's key gold-bearing fault systems. Importantly, drilling to date has tested only a small part of this broader corridor. The combination of induced polarization signatures, the VTEM response and current drill results indicates that the sulphide-bearing, quartz-carbonate stockwork bulk-style gold zone could extend beyond the area drilled so far, and that the company is still in the early stages of assessing a potentially larger system.

The additional 9,000 metres of drilling reflects the company's view that Gold Anchor could host multiple gold systems, including broad bulk-style mineralization and higher-grade, structurally controlled zones. The next phase of drilling will further define the scale of the bulk-style gold zone while targeting the most prospective structural and geophysical areas for stronger gold mineralization.

Phase 1 drilling at the Lane Pond gold target

A total of 13 drill holes, comprising 4,390 metres, have been completed in the central part of the Lane Pond gold target. Assay results have been received for three holes (LP-26-01, LP-26-02 and LP-26-07). The bulk-style gold zone discovery is associated with the Appleton fault, a major gold-bearing structure that hosts significant remobilized and enriched gold mineralization along second and third-order fault splays northeast of the project. The zone has been intersected over 400 metres of strike, more than 600 metres down dip and from 50 metres to more than 240 metres vertically. It remains open in all directions and is linked to an extensive, largely untested, north-trending VTEM geophysical anomaly that defines the 11.0-kilometre Lane Pond gold target. The bulk-style gold zone occurs within a weakly to strongly altered, foliated, graphitic, sheared, mineralized quartz-carbonate stockwork. Mineralization, reaching up to 20 per cent by volume, includes pyrite and arsenopyrite, with lesser chalcopyrite, sphalerite, galena, stibnite and pyrrhotite. Associated lithologies include conglomerate, graphitic shale, graphitic fault zones and siltstone.

Quality control and reporting protocols

All samples are collected and prepared for shipment in the field for submission to Eastern Analytical Ltd. in Springdale, Nfld., an ISO 17025 certified analytical testing facility, for 34-element ICP analysis. Eastern Analytical is independent of Rocky Shore. Blank and certified reference material (CRM) are included, such that for every 18 samples, one blank and one CRM are included. Samples are shipped directly by in-field personnel, who maintain the chain of custody until samples are delivered to the laboratory. Rock preparation at the lab involves crushing up to three kilograms to 80 per cent passing 10 mesh, 250 grams split and pulverizing to 95 per cent passing 150 mesh. For gold analysis, a 30 g sample is subjected to a fire assay, digested in aqua regia and analyzed by atomic absorption (AA).

Qualified person

The scientific and technical information in this press release has been prepared and approved by Ken Lapierre, PGeo, president and chief executive officer of the company, and a qualified person in accordance with the Canadian regulatory requirements as set out in National Instrument 43-101. Mr. Lapierre consents to the publication of this press release dated June 10, 2026, by Rocky Shore Gold.

About Rocky Shore Gold Ltd.

Rocky Shore Gold is a Canadian junior exploration company focused on its 100-per-cent-owned Gold Anchor project in central Newfoundland. It is strategically located within one of Canada's most promising and underexplored gold belts. The project is the second-largest property (greater than 1,200 square kilometres) in the emerging gold district. Rocky Shore is targeting the expansion of its structurally controlled, orogenic-hosted, surface bulk-tonnage Mosquito Hill and Reid gold deposits, associated with the Dog Bay Line fault. It also hosts orogenic, structurally controlled gold targets along the highly prospective Appleton and JBP faults, as well as numerous additional faults located southwest of major gold discoveries and deposits.

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