Resource Estimate
Rocky Shore Gold Files NI 43-101 Technical Report for the Mosquito Hill and Reid Gold Deposits
Rocky Shore Gold Files NI 43-101 Report Amid Minor Grade Correction
Executive Summary
- Event: Rocky Shore Gold Ltd. filed an NI 43-101 Technical Report for the Mosquito Hill and Reid Gold Deposits at the Gold Anchor Project in Newfoundland, Canada.
- Resource Update: The filing confirms Mineral Resource Estimates (MRE) previously announced on April 2, 2026.
- Indicated Resources: 18,508,000 tonnes @ 0.48 g/t Au (284,925 oz).
- Inferred Resources: 45,427,200 tonnes @ 0.43 g/t Au (623,085 oz).
- Correction Notice: The release includes a correction to the combined Total Inferred grade, revised from 0.45 g/t Au down to 0.43 g/t Au. All other tonnage and contained gold figures remain unchanged from the April disclosure.
- Technical Parameters: Open pit optimization assumptions include US$4,250/oz gold price, $13.00/t operating cost, and 85% recovery.
- Context: This filing fulfills the commitment made in the April 2 announcement to file the technical report within 45 days (April 2 + 45 days = mid-May).
Material Impact
- Expectation vs. Reality: The filing was anticipated following the April 2 MRE announcement. The market likely priced in the resource base at that time; therefore, this compliance step is largely routine.
- Grade Correction Impact: The downward revision of the Inferred grade from 0.45 g/t to 0.43 g/t is a minor negative technicality. While contained ounces are claimed unchanged (suggesting tonnage adjustments or rounding), a lower grade per tonne reduces the theoretical value density of the resource envelope.
- Validation: The filing validates the project's status for future permitting and feasibility studies, confirming that the April estimates were robust enough to support a formal technical report.
- Overall Materiality: The news does not introduce new upside or significant downside relative to the April announcement. It is a procedural milestone with a minor correction note.
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Company Overview
- Company: Rocky Shore Gold Ltd. is an exploration company focused on gold projects in Newfoundland, Canada.
- Flagship Project: The Gold Anchor Project (100% owned).
- Key Deposits: Mosquito Hill and Reid Gold Deposits (Bulk tonnage open pit targets).
- New Targets: Lane Pond Gold Target (High-grade structural target) within the Appleton Fault Corridor.
- Geology: Porphyry-controlled gold deposits with historical high-grade intervals identified in drill data compilation.
- Status: Resource definition phase complete for Mosquito Hill and Reid; exploration drilling active at Lane Pond.
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Jun 10, 2026 · 07:00