Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Hemlo Explorers ( (TSE:RSG) ) just unveiled an announcement.
Rocky Shore Gold Ltd. has moved to expand its Gold Anchor Project in central Newfoundland by entering into two purchase agreements to acquire 128 additional mining claims through a wholly owned subsidiary. The new ground lies on trend with the company’s Mosquito Hill and Reid gold deposits and includes part of the Appleton Fault Corridor near its high-grade Lane Pond target, further consolidating its position in a growing gold district.
Under the first agreement, Rocky Shore can earn a 100% interest in 58 claims in exchange for 750,000 common shares, with the vendor retaining a 2% net smelter return royalty, half of which is subject to a buyback right. The second agreement grants a 100% interest in 70 claims for $45,000 in cash and 750,000 shares, also with a 2% royalty and partial buyback option, with both deals subject to customary closing conditions and supported by Newfoundland and Labrador’s 2026 Junior Exploration Assistance Program.
More about Hemlo Explorers
Rocky Shore Gold Ltd. is a Canadian mineral exploration company focused on expanding two gold deposits and discovering additional major gold zones at its 100%-owned Gold Anchor Project in central Newfoundland. The district-scale project covers more than 1,200 square kilometres in one of Canada’s most prospective and underexplored gold belts, hosting porphyry-controlled deposits and high-grade structurally controlled targets linked to the Appleton and JBP Faults.
YTD Price Performance: -21.74%
Average Trading Volume: 203,940
Technical Sentiment Signal: Buy
Current Market Cap: C$35.4M
Find detailed analytics on RSG stock on TipRanks’ Stock Analysis page.