Reward Minerals advances exploration and maiden drilling plans in Newfoundland

Reward Minerals Limited ( (AU:RWD) ) just unveiled an update.

Reward Minerals has completed geological data compilation for its newly acquired Mountain Pond Gold Project in central northern Newfoundland, identifying additional untested surface geochemical anomalies along the Sullivan Pond Fault corridor. The project, comprising 41 contiguous claims over about 10 square kilometres near Springdale and roughly 112 kilometres from the company’s Copper Lance project, lies in road-accessible, underexplored terrain prospective for precious and base metals.

The company is advancing plans to begin rock chip and soil sampling at both Mountain Pond and Copper Lance in June, supported by a highly experienced local drilling and site preparation contractor. With Springdale yard and workshop facilities secured for storage and core processing, and the combined tenure having never been drill tested, Reward sees an outstanding discovery opportunity as it prepares maiden drill programs and strengthens its position in a new jurisdiction with strong local support.

More about Reward Minerals Limited

Reward Minerals Limited is an ASX-listed exploration company expanding into gold and copper projects in Newfoundland, Canada. The company’s portfolio now includes the Mountain Pond Gold Project and the Copper Lance copper project, both situated in an underexplored but highly prospective region near established mining infrastructure and service towns such as Springdale.

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Technical Sentiment Signal: Strong Sell

Current Market Cap: A$11.81M

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