Rockland Minerals Corp.(TSXV:RL) announced the completion of its diamond drill program on its Blue Lake property. The program was completed across 16 holes totaling 1,558 meters on the property. Results revealed strong mineralization at Blue Lake. Rockland also announced the arrangement of a non-brokered private placement.
As quoted in the press release:
This drilling was to explore and verify the Blue Lake massive sulfides, and results were very encouraging. Initial core logging showed massive and disseminated sulfides, with abundant visible chalcopyrite, at or near the base of a sheet-like ultramafic unit, the lower sill. This was confirmatory drilling, and a number of the holes were drilled outside previously-outlined massive sulfide Cu-Ni-Pt-Pd bodies. The massive sulfide is nickeliferous pyrrhotite (FeS) containing chalcopyrite (CuFeS2) and pentlandite (NiFeS). Sulfide accumulations occur in either of two places — at the base of the ultramafic intrusive sill, or in the lower third of the ultramafic sill.