Team Picture

Team Picture
Drilling Camp Rockland's Retty Lake Cu-Ni-PGM Property, Labrador Trough, Quebec June 2011

Saturday, October 22, 2011

Rockland (RL-TSXV) Enters Agreement for Blue Lake Cu-Ni-PGM Mining Lease, Labrador Trough, Quebec

On October 13, Rockland entered into a game changing deal for the Company and its shareholders. It entered into a deal with La Fosse Platinum Group Inc. ("La Fosse”) to option five separate mining leases including the Blue Lake Cu-Ni-PGM “deposits” located in the heart of the Labrador Trough, Quebec.

The agreement covers special mining leases, originally granted to Hollinger North Shore Exploration Ltd. (“Hollinger”) within the province of Quebec. They include the Blue Lake, Jimmick, Chance Lake, Glance Lake, Fredrickson properties and the Lac Aulneau claim group in the Marymac area of the Labrador Trough. Historical information is being compiled on the various mining leases and claims and will be provided in a future announcement.

The Blue Lake “deposits” or “cluster” of disseminated Cu-Ni-PGE bearing sulphide lenses are well documented in various reports by government and independent geologists and have historical estimates as follows:
Zone
Reference
Tonnes
Copper %
Nickel %
Pt+Pd (g/t)
Blue Lake #1
(Clark 1994)
400,000
0.99
0.66
1.13
Blue Lake #2
(Clark 1994)
1,000,000
0.88
0.41
0.80
Centre
(Clark and Wares 2005)
1,390,000
0.77
0.59
0.90
Pogo
(Clark and Wares 2005)
1,240,000
0.96
0.49
0.71
Total
Weighted Average
4,030,000
0.85
0.52
0.84
(*All grades and tonnages presented in this press release are historical and are not NI 43-101 compliant)

The total historical tonnage and weighted average of these 4 main deposits, plus smaller lenses at Blue Lake is 4.03 Mt at 0.85% Cu, 0.52% Ni and 0.84 g/t Pt+Pd.

Key Benefits from Rockland – La Fosse Agreement
  • Allows Rockland to begin work towards a potential 43-101 compliant resource at Blue Lake.
  • Creates the opportunity to increase tonnage through down dip and step-out drilling at Blue Lake and make new discoveries along fertile horizon at neighboring Retty Lake property.
  • Rockland can begin analyzing important data generated from the Blue Lake #1 adit developed in 1985.
  • The five special mining leases present significant advantages in rapidly developing potential mineral resources.
  • Rockland will have access to Hollinger North Shore Exploration’s world-class exploration database.  
  • The Blue Lake lenses are well located, approximately 60 km from Schefferville, where rail and airport exist.
  • Rockland will control key mining leases in several areas throughout the Labrador Trough, making it one of the top regional players in this world-class area.
“The acquisition of these mining leases and claims in the Labrador Trough represents a major milestone for Rockland. The development of Cu-Ni-Pt-Pd assets near world-class infrastructure and in a mining-friendly jurisdiction like Quebec, presents a significant advantage. Investors have shown tremendous interest in Canadian projects that are on a path to development, an example being Prophecy Platinum’s Wellgreen PGM-Ni-Cu project. Rockland now has an opportunity to develop its own advanced mineral project starting with Blue Lake”.

Tags: Wellgreen PGM, Wellgreen Yukon, Prophecy Platinum Wellgreen, Wellgreen Ni-Cu-PGM, Blue Lake, Labrador Trough, Rockland Minerals, Yukon.

Thursday, October 06, 2011

Rockland heads back to Schefferville Gold

In late September Rockland (RL-TSX V) started follow up field program to define drill targets and take further samples from Company’s Schefferville gold property, Quebec. Rockland recently reported widespread gold values in surface grab samples from iron-stained outcrops at the Rusty Acres zone. The results had several higher grade samples including 12.75 g/t Au, 4.94 g/t Au, 4.42 g/t Au, 3.64 g/t Au. In addition, a lone grab sample from one of the mineralized areas at Rusty Acres returned a gold assay of 171.5 g/t Au, a value higher than anything previously reported in the literature and confirms the attractiveness of this target area.  An updated map from the summer sampling program can be seen  here.

The program will be lead by George F. Sanders, Dr. Serge ChevĂ© and Gennady Ivanov of IOS Services Geoscientifiques Inc. The goal of the program is to further understand the widespread gold occurrences in the Rusty Acres area.  The high resolution "draped" aeromagnetic survey flown in April, and the encouraging assay results from field work in July, now give a much better understanding of potential structures and controls for the gold mineralization. Rockland geologists will mark drill targets for a planned winter drill campaign using this new information.