en.Wedoany.com Reported - Rocky Shore Gold has announced the expansion of its drilling program at the Gold Anchor project in central Newfoundland, Canada, following initial exploration that identified a near-surface bulk gold zone at the Lane Pond gold target.
The company has increased planned drilling from 3,500 meters to 12,500 meters to evaluate this new discovery. The gold zone is believed to be associated with the Appleton Fault, a major regional gold-bearing structural corridor.
To date, Rocky Shore Gold has completed 13 drill holes at Lane Pond, totaling 4,390 meters. Assay results have been released for three of these holes, with results for the remainder pending. Specifically, hole LP-26-01 intersected 13.26 meters averaging 0.41 g/t gold, including a 2.70-meter interval grading 1 g/t gold, and another 14.91-meter interval averaging 0.44 g/t gold, which contained 3.99 meters grading 1.10 g/t gold. Hole LP-26-02 intersected 8.11 meters averaging 0.84 g/t gold, including a 5.03-meter interval grading 1.10 g/t gold. Hole LP-26-07 returned 17.02 meters grading 0.65 g/t gold, including 8.7 meters at 1.02 g/t gold and 4.35 meters at 1.41 g/t gold.
Currently, the gold zone has been intersected by eight widely spaced drill holes over a strike length of 400 meters, a dip extent of over 600 meters, and depths ranging from 50 to 240 meters. The company states that mineralization remains open in all directions. Rocky Shore Gold describes the Lane Pond area as part of an 11-kilometer-long, north-south trending geophysical anomaly associated with the Appleton Fault Corridor, with drilling to date having tested only a small portion of this larger trend. Results suggest that the sulfide-rich quartz-carbonate stockwork gold zone may extend beyond the current drilling area.
The decision to add 9,000 meters of drilling is based on the company's assessment that the Gold Anchor project may contain multiple gold systems, including large areas of bulk mineralization and higher-grade zones controlled by structural features. The next phase aims to further delineate the bulk mineralization area and identify new gold targets. Ken Lapierre, President and CEO of Rocky Shore Gold, stated that the first phase of drilling at Lane Pond fully achieved the objectives of the early exploration program, confirming a large, gold-bearing, sulfide-rich alteration zone within a highly prospective structural setting. He noted that preliminary assay results indicate the system contains gold, and drilling has defined its scale, continuity, and a clear path forward for follow-up work.
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