Rocky Shore Gold has expanded its drilling campaign at the Gold Anchor Project in central Newfoundland, Canada, after its initial reconnaissance programme at the Lane Pond Gold Target revealed a near-surface bulk-style gold zone.
The company has increased the planned drilling from 3,500m to 12,500m in response to the discovery, which is thought to be associated with the Appleton Fault, a major gold-bearing structural corridor in the region.
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As of now, Rocky Shore Gold has completed 13 drill-holes totalling 4,390m at Lane Pond.
Assay results have been reported for three holes so far, with the remaining results pending.
Drill-hole LP-26-01 intersected 13.26m with an average grade of 0.41 grams per tonne (g/t) gold, with a section of 2.70m at 1g/t gold and 14.91m at 0.44g/t gold, including 3.99m at 1.10g/t gold.
Drill-hole LP-26-02 intersected 8.11m averaging 0.84g/t gold, with an included section of 5.03m grading 1.10g/t gold.
Meanwhile, drill-hole LP-26-07 returned 17.02m at 0.65g/t gold. This interval contained 8.7m at 1.02g/t gold and 4.35m grading 1.41g/t gold.
The gold zone has been intersected by eight widely spaced holes across 400m of strike and more than 600m down-dip, at depths between 50m and 240m.
According to the company, the mineralisation remains open in all directions.
Rocky Shore Gold described the Lane Pond area as part of an 11km north-trending geophysical anomaly related to the Appleton Fault Corridor.
The drilling to date has tested only a small portion of the broader trend.
The results indicate that the sulphide-rich, quartz-carbonate stockwork gold zone could extend beyond the current drill area, with further drilling planned to evaluate the extent of the system.
The decision to add 9,000m of drilling is based on the company’s assessment that the Gold Anchor Project may contain several types of gold systems.
These could include areas of broad, bulk-style mineralisation, as well as zones with higher grades controlled by structural features.
The next phase aims to further delineate the bulk-style zone and identify new targets for gold mineralisation.
Rocky Shore president and CEO Ken Lapierre said: “The first phase of drilling at Lane Pond has delivered exactly what an early reconnaissance programme 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.”
