Rocky Shore Gold Secures Handcamp and Springdale Properties in Newfoundland VMS Belt
RSGLF has more than doubled off its 52-week low of $0.018 on light trading volume (0.3× avg).
Summary
Rocky Shore Gold has entered into an option agreement for the Handcamp Property and a purchase agreement for the Springdale Property, consolidating a 40-kilometre trend in the Roberts Arm VMS belt. The Handcamp Zone hosts gold-rich VMS mineralization with historical drill intercepts up to 4.58 g/t AuEq over 4.10 m, and surface samples at Loon Pond returned up to 17.2 g/t Au and 8.35% Zn. The company plans an airborne VTEM survey to refine targets. This expands Rocky Shore's footprint in a proven VMS district and adds near-term exploration catalysts.
At the time of this announcement, RSGLF was trading at $0.08 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $20M. The 52-week trading range was $0.02 to $0.81. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: ACCESS Newswire.