Rocky Shore Gold Announces Mineral Resource Estimate for the Gold Anchor Project in Central Newfoundland
Executive Summary
- Rocky Shore Gold received NI 43‑101 compliant mineral resource estimates for its Mosquito Hill and Reid deposits within the Gold Anchor Project.
- Combined indicated resources total 18.51 Mt at 0.48 g/t Au containing ~284,925 oz Au; combined inferred resources total 45.43 Mt at 0.45 g/t Au containing ~623,085 oz Au.
- The deposits exhibit low strip ratios (≈1.5:1) and thick mineralized zones, with significant upside potential for expansion through further drilling in 2026.
Key Details
- Mosquito Hill Deposit – Indicated: 13.13 Mt @ 0.46 g/t Au → 194,853 oz Au
- Mosquito Hill Deposit – Inferred: 39.44 Mt @ 0.42 g/t Au → 533,867 oz Au
- Reid Deposit – Indicated: 5.38 Mt @ 0.52 g/t Au → 90,450 oz Au (rounded to 90,072 oz in table)
-
Reid Deposit – Inferred: 5.99 Mt @ 0.46 g/t Au → 89,218 oz Au
-
Total Resources:
- Indicated: 18.51 Mt @ 0.48 g/t Au = 284,925 oz Au
-
Inferred: 45.43 Mt @ 0.45 g/t Au = 623,085 oz Au
-
Strip Ratios: Mosquito Hill 1.5:1; Reid 1.4:1 (average thickness 102.31 m and 89.59 m respectively).
- Cut‑off Grade: 0.25 g/t Au.
- Open Pit Economic Parameters Used for Optimization:
-
Gold price US$4,250/oz, recovery 85%, selling cost US$425/oz, operating cost $13/t, NSR 2%, dilution 5%, mining recovery 95%, throughput 10,000 t/d.
-
Qualified Persons: Scott Jobin‑Bevans, P.Geo., and Curtis Ferron, P.Geo., of Caracle Creek International Consulting Inc.; Ken Lapierre, President & CEO (qualified person for the release).
- Exploration Potential (Mosquito Hill):
- Pit‑constrained mass range 2.49–4.13 Mt @ 0.35–0.42 g/t Au.
-
Out‑of‑pit mass range 13.07–26.78 Mt @ 0.31–0.40 g/t Au.
-
Future Work: Fully funded 2026 program includes airborne geophysics, targeted prospecting, sampling and diamond drilling beginning summer 2026 to expand resources.
- Technical Report: NI 43‑101 Technical Report to be filed on SEDAR within 45 days of this release.
Notable Quotes
“The Gold Anchor Project continues to deliver exceptional results and now hosts two cornerstone bulk tonnage open pit gold deposits with expansion potential… We plan to continue to work towards expanding the present MREs this year through the drill bit beginning this summer.” – Ken Lapierre, President & CEO
Materiality Assessment: Material – Positive (the announcement of sizable indicated and inferred resources materially enhances the company’s valuation outlook).