Rockland Stakes More Platinum-Palladium Claims in Quebec

Rockland Minerals Corp. (TSXV:RL) announced that it has staked 140 new mining claims that cover 15,000 hectares and adjoin the southeast part of its Quebec-based Blue Lake platinum-palladium-copper-nickel property.

As quoted in the press release:

The Company now controls a full 40km long by 3 to 8km wide group of contiguous claims, on one of the most under explored and prospective Pt-Pd belts in Canada.

The new staking covers the mineralized ‘middle and upper sill’ units to the southeast of the Blue Lake Pt-Pd-Cu-Ni deposits (total Historical resources for the nine deposits outlined by ~550 drill holes and underground bulk sampling between 1950 and 1988, were estimated to be 4.37 million tonnes at 0.87% Cu, 0.52% Ni, 0.84 g/t Pt+Pd, per reports from La Fosse Platinum Group and T. Clark, 1991) with an approximate Pt:Pd ratio of 1:4. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources, and the Company is not treating the historical estimate as current mineral resources.

Rav Mlait, president and CEO of Rockland, said:

We are seeing significant ramp up in the acquisition and search for platinum and palladium in the Labrador Trough. Recently we have seen the sale and purchase of the historic Gerido deposit, the entrance of Japan Oil, Gas and Metals National Corp. (JOGMEC) and an initial resource estimate completed at Nickel North Exploration’s Hawk Ridge Project, all in the Labrador Trough. The price of platinum and palladium shows long term strength while supply faces serious constraints arising from high geopolitical risk, labour strife and systemic operating cost issues in primary producer countries like South Africa, Russia and Zimbabwe. Rockland’s platinum, palladium holdings represent an excellent exploration and development opportunity near infrastructure in the southern Labrador Trough, Quebec.

Click here to read the full Rockland Minerals Corp. (TSXV:RL) press release.