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Rocky Shore Gold Ltd
Symbol RSG
Shares Issued 236,912,806
Close 2026-09-16 C$ 0.135
Market Cap C$ 31,983,229
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Rocky Shore signs deals for Handcamp, Springdale

2026-09-17 01:02 ET - News Release

Mr. Ken Lapierre reports

ROCKY SHORE STRENGTHENS NEWFOUNDLAND PRESENCE IN A PROVEN VMS BELT

Rocky Shore Gold Ltd. has entered into an option agreement for the Handcamp property and a purchase agreement for the Springdale property and has completed the staking of additional claims in the province of Newfoundland and Labrador, Canada. Both properties and the staked claims trend within the Roberts Arm VMS (volcanogenic massive sulphide) belt, host to the former high-grade Buchans VMS mine. The newly termed Rocky Pond VMS project has the potential to enhance the company's discovery profile in a VMS belt known for gold-rich polymetallic mineralization. It will also complement the company's Gold Anchor project, located in one of Canada's most prospective gold belts in central Newfoundland.

Key Rocky Pond highlights:

  • Gold-rich VMS zone identified: Handcamp zone hosts gold-rich VMS mineralization (zinc, lead, copper and silver) trending for 1,200 metres across shallow depths and remains open along strike and depth;
  • Handcamp zone -- near-surface drill hole mineralization:
    • 1.96 grams per tonne gold equivalent over 25.05 metres from 13.05 m, including 3.50 g/t AuEq over 11.60 m (H22-04);
    • 2.20 g/t AuEq over 21.95 m from 10.20 m, including 3.98 g/t AuEq over 11.35 m (H22-03);
    • 2.89 g/t AuEq over 11.85 m from 12.10 m, including 4.41 g/t AuEq over 7.30 m (H22-01);
    • 2.61 g/t AuEq over 12.25 m from 68.45 m and 2.92 g/t AuEq over 5.55 m (H22-10);
    • 1.17 g/t AuEq over 26.25 m from 19.25 m, including 2.08 g/t AuEq over 11.05 m (H22-02);
    • 2.38 g/t AuEq over 8.55 m from 27.60 m, including 4.58 g/t AuEq over 4.10 m (H22-14);
    • See table below for complete historical drill results; lengths represent downhole drill thicknesses;
  • On trend to the Buchans VMS mine: project hosts a 40-kilometre-long trend of the prolific Roberts Arm VMS belt northeast of the high-grade former-producing Buchans VMS mine;
  • Additional surface mineralization identified: Loon Pond showing -- two rock samples grading 8.35 per cent Zn, 2.5 per cent Pb, 0.75 per cent Cu, 131.6 g/t Ag and 17.2 g/t Au as well as 9.15 per cent Zn, 0.13 per cent Pb, 0.13 per cent Cu, 85.2 g/t Ag and 0.9 g/t Au.

Loon Pond is strategically located 15 kilometres northeast and on trend to the Handcamp zone. Surface samples may not accurately reflect the true grade of the surrounding potential VMS system and should not be relied upon.

Ken Lapierre, president and chief executive officer of Rocky Shore Gold, commented: "We are fortunate to have secured such a project as we believe it is an opportunity that may significantly enhance Rocky Shore's discovery profile. We are now firmly established in two exciting districts in central Newfoundland. At Rocky Pond, we are now located within a VMS belt hosting an existing high-grade gold-rich VMS prospect and a prime location where multiple gold-rich VMS discoveries are possible. We intend to fly the first-ever airborne VTEM [versatile time-domain electromagnetic] survey over the entire project and integrate previous work to help determine the size of the Handcamp zone mineralizing system, identify any enhanced areas yet to be tested and additional potential areas waiting to be discovered along the prospective 40-kilometre-long trend of the VMS belt. As we continue to drill our Gold Anchor project, we look forward to announcing drill results shortly."

The Handcamp property option agreement

Under the terms of the Handcamp property option agreement, the company, through its wholly owned subsidiary, has been granted an exclusive option to acquire a 100-per-cent undivided interest in and to the Handcamp property, in consideration for the cash payments, issuance of common shares of Rocky Shore and exploration expenditures set forth below. Upon the exercise of the option, the optionor will retain a 2.0-per-cent net smelter return (NSR) royalty over the Handcamp property and certain additional claims within the project area. Rocky Shore, through its wholly owned subsidiary, shall have a right of first refusal on any proposed sale or transfer of the 2.0-per-cent NSR royalty.

Following exercise of the option, the optionor will also be entitled to receive additional common shares of Rocky Shore upon the receipt by the company's subsidiary of a National Instrument 43-101 technical report disclosing a mineral resource estimate for the Handcamp property, as follows: (i) two million common shares within 10 business days following receipt of an NI 43-101 technical report disclosing a mineral resource estimate of not less than 500,000 and not more than one million gold equivalent ounces; and (ii) three million common shares within 10 business days following receipt of an NI 43-101 technical report disclosing a mineral resource estimate of greater than one million gold equivalent ounces.

The initial cash payment and share issuance under the option remain subject to customary closing conditions. The option will be exercised, and the 100-per-cent interest in the Handcamp property will be acquired, upon the completion of the cash payment, share issuances and exploration expenditures described above.

The Springdale property purchase agreement

Under the terms of the Springdale purchase agreement, Rocky Shore, through its wholly owned subsidiary, purchased a 100-per-cent interest in the Springdale property for $30,000 cash and 285,000 common shares of Rocky Shore. The vendors shall retain an aggregate 2.5-per-cent NSR royalty. Rocky Shore's subsidiary may repurchase 60 per cent of the NSR royalty (representing a 1.5-per-cent NSR royalty), at any time, for aggregate cash payments of $1.5-million. Rocky Shore, through its wholly owned subsidiary shall also have a right of first refusal on the remaining 1-per-cent NSR royalty.

The completion of the purchase agreement is subject to customary closing conditions for a transaction of this nature.

Any shares issued by the company pursuant to the purchase agreement and the option agreement, will be subject to appropriate exemptions, including, but not limited to, the prospectus exemption set forth in Section 2.13 of NI 45-106, Prospectus and Registration Exemptions, and any other requirements under applicable securities laws and regulations. The counterparties to the option agreement and the purchase agreement deal at arm's length with the company.

Qualified person

Ken Lapierre, PGeo, president and chief executive officer of the company, is a qualified person in accordance with the Canadian regulatory requirements as set out in NI 43-101, has reviewed the historical documentation for all properties, and has approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

About Rocky Shore Gold Ltd.

Rocky Shore Gold is a Canadian junior exploration company focused on its 100-per-cent-owned Gold Anchor project and Rocky Pond VMS project, both located in central Newfoundland. Gold Anchor 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 this emerging gold district. The project hosts the orogenic-hosted, near-surface bulk-tonnage Mosquito Hill and Reid gold deposits and structurally controlled orogenic gold targets, including the Lucky 13 gold zone, along the highly prospective Appleton fault corridor, located on trend and southwest of major gold discoveries and deposits. The Rocky Pond VMS project is located within the Roberts Arm VMS belt that hosts the world-class former-producing Buchans VMS mine. The project hosts the Handcamp gold-rich VMS zone and multiple additional VMS showings within a 40-kilometre trend of the prolific VMS belt.

Rocky Shore Gold would like to acknowledge the $150,000 in financial support received for 2025 and the approval of the 2026 junior exploration assistance (JEA) administered by the mineral incentive program from the mineral development division, Department of Energy and Mines, government of Newfoundland and Labrador.

We seek Safe Harbor.

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