TORONTO, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Rocky Shore Gold Ltd. (the “Company” or “Rocky Shore”) (CSE: RSG) is pleased to announce that it has staked additional ground that now extends the gold-bearing Appleton Fault Corridor to more than 20 kilometres within the Company’s Gold Anchor Project. The Appleton Fault Corridor is known to host major gold discoveries northeast of the Gold Anchor Project in central Newfoundland (see Map 1 below).
Mr. Ken Lapierre, President and CEO of Rocky Shore commented, “Staking an additional five kilometres to the northeast at Gold Anchor now extends the highly prospective gold-bearing Appleton Fault Corridor to more than 20 kilometres. The project also covers more than 40 kilometres of the gold-bearing JBP Fault and collectively hosts hundreds of kilometres of unnamed faults and their associated fault splays. Faults are critical conduits for the precipitation and discovery of high-grade gold mineralization. Our early stage, district-scale project now covers more than 1,200 square kilometres and is the second-largest property in this emerging gold district. Our ongoing winter program includes sampling, geophysics and trenching on gold targets discovered in our maiden exploration program in 2024.”
Gold-Bearing Structure/Geology: Identified the southwest continuation of the Dog Bay Line, the gold-bearing Appleton and JBP Faults, the Grub Line Fault and discovered additional unexplored fault corridors that are associated within the Davidsville Group metasediments known to be the host to gold mineralization in the district.
JBP Occurrence #1: Discovered in-situ (at surface) fine visible gold in quartz veins above the JBP Fault Corridor.
Dog Bay Boulder Field #1: Discovered a 1.5-km long by 1.0-km wide gold target area with sulphide-rich quartz outcrops near the Dog Bay Line Fault.
Appleton Boulder Field #1: Identified a 2.5-km long by 1.5-km wide gold target area above the Appleton Fault Corridor with historical assays from 0.005 g/t gold up to 8.733 g/t gold (see press release referenced above).
Priority Gold Target Areas Identified: Discovered five (now 14) priority gold target areas within Davidsville Group metasediments with results that are two times to more than 50 times above the average background value in the region of 5 ppb gold.
About Rocky Shore Gold Ltd.
Rocky Shore Gold is a Canadian-based mineral exploration company with a portfolio of properties in Newfoundland and Ontario. Rocky Shore is focused on discovering the next major gold deposit through the advancement of its Gold Anchor Project in central Newfoundland and its Hemlo area projects that include the Pic Project (optioned to Barrick Gold Inc.), and the Idaho and North Limb Projects. For more details, please visit our website at www.rockyshoregold.com
For more information please contact:
Ken Lapierre, President & CEO Rocky Shore Gold Ltd. T: +1 (647) 678-3879 E:ken@rockyshoregold.com
Cathy Hume, CEO CHF Capital Markets T: +1 (416) 868-1079 x 251 E:cathy@chfir.com
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian and United States securities laws.Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects”, or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “does not anticipate”, or “believes” or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, or “will be taken”, “occur”, or “be achieved”. Certain information set forth in this news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, including, but not limited to the advancement of the Company’s properties. The forward-looking information is based on reasonable assumptions and estimates of the management of the Company at the time such statements were made and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Rocky Shore to be materially different from those expressed or implied by such forward-looking information, including risks associated with the exploration; future commodity prices; changes in regulations; political or economic developments; environmental risks; permitting timelines; capital expenditures; technical difficulties in connection with exploration activities; employee relations; the speculative nature of mineral including the risks of diminishing quantities of grades of resources, contests over title to properties, the Company’s limited operating history, future capital needs and uncertainty of additional financing, and the competitive nature of the mining industry; the need for the Company to manage its future strategic plans; global economic and financial market conditions; uninsurable risks; and changes in project parameters as plans continue to be evaluated. Although Rocky Shore has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Although the forward-looking information contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, Rocky Shore cannot assure shareholders that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. Rocky Shore does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking information, except as required by applicable securities law.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
