Rolling Pond Property

The Rolling Pond Claim Group consists of 242 contiguous claims (6050 hectares) located within the Moosehead Gold Belt in Newfoundland.

 

The Rolling Pond Property contains a large epithermal system within a structural corridor that extends for a distance of 8 kilometers. Historical exploration work performed by Altius Minerals Corporation in 1998 included, prospecting, mapping, ground induced polarization/resistivity, and high-resolution airborne magnetometer surveying.  The results of this work successfully delineated a high level “Sinter Zone” over a strike length of 1100 meters with an approximate width of 50-60 meters along a small portion of the structural corridor.

 

A follow-up, 5-hole program not only confirmed the presence of the epithermal system at depth but also successfully identified the presence of the “boiling zone” as defined by the presence of bladed calcite and lattice textures. It was also noted that gold and base metal values increased at depth in the system and additional deeper drilling was recommended.  Boiling zones are of significant importance in epithermal systems as they indicate the proximal locality for deposition of gold bearing fluids.  Only cursory work has been performed outside of this area and the remainder of the Property has received very little exploration work.

 

RJK applied for and has received exploration and drilling permits in order to test the system below the boiling zone and during the year will be conducting further geophysical surveys and soil sampling on the entire 8km long structure. RJK will also be determining drill targets on a coincident gold in soil geochemical and geophysical anomaly was identified approximately 4.5 kilometers along strike to the southeast.