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Hemlo Explorers ( (TSE:RSG) ) has provided an announcement.
Rocky Shore Gold has launched a first-phase, 3,500-metre drill program at its Lane Pond Gold Target within the Gold Anchor Project in central Newfoundland, testing both high-grade, fault-related and bulk-tonnage porphyry-style gold mineralization near its Mosquito Hill and Reid deposits. The company, which is well funded and expanding its 2026 exploration efforts, aims to discover new mineralized systems and extend known gold trends across this emerging district.
In parallel, Rocky Shore signed a purchase agreement to acquire 13 additional mining claims in central Newfoundland for cash and shares, with vendors retaining a 2% net smelter royalty and customary buyback and right-of-first-refusal terms. The deal, subject to standard closing conditions, is expected to strengthen the company’s strategic land position in a highly prospective gold belt and support continued exploration momentum at Gold Anchor.
More about Hemlo Explorers
Rocky Shore Gold Ltd. is a Canadian junior mineral exploration company focused on its 100%-owned Gold Anchor Project in central Newfoundland. The project, covering over 1,200 square kilometres, targets intrusion-related gold systems and structurally controlled high-grade gold along major regional fault corridors in one of Canada’s most promising but underexplored gold belts.
Average Trading Volume: 150,263
Technical Sentiment Signal: Buy
Current Market Cap: C$32.45M
See more insights into RSG stock on TipRanks’ Stock Analysis page.