en.Wedoany.com Reported - Rockland Resources Inc. (CSE:RKL) has discovered a new gold vein at its Cole Gold Mine project in the Red Lake region of Ontario, Canada. Winter drilling at hole RR-26-02 returned 16.89 grams per tonne gold over 4 meters in the company's wholly-owned property, including high-grade intervals of 10.90 g/t over 1.00 meter and 28.40 g/t over 2 meters.
Drilling at the historic Cole Mine confirmed the gold-bearing quartz vein system mined between 1933 and 1937, and discovered new veins below the deepest underground level at the 530-foot horizon. Hole RR-26-03 returned 113.00 grams per tonne gold over 0.50 meters at a depth of 236.50 meters, approximately 53 meters vertically below the deepest historic mining level.
Hole RR-26-02 also returned five results exceeding 8 g/t, including 28.30 g/t over 0.8 meters, 13.20 g/t over 0.7 meters, 11.40 g/t over 1.8 meters, 32.60 g/t over 0.5 meters, and 28.40 g/t over 2.00 meters. A deep intersection from 184.55 meters to 185.05 meters contained significant visible gold, initially assaying 1.68 g/t by standard fire assay, with a gravimetric re-analysis of a quarter-core split yielding 279 g/t.
Mineralization occurs as stacked quartz veins developed at rheological boundaries between felsic, mafic, and ultramafic rocks, with coarse visible gold observed at multiple locations in the drill core. CEO Mike England stated that the first three holes drilled near the underground workings of the Cole Mine have revealed high-grade stacked vein sets, with results from the remaining 300-plus samples expected to be released progressively.
The company combines standard fire assay with metallic screen analysis to address the coarse gold effect, with metallic screen results for six samples from this set of holes yet to be released. Rockland Resources Inc. is a Canadian exploration company advancing the Cole Gold Mine project in the Red Lake region of Ontario and holding a portfolio of beryllium exploration assets in Utah.
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