RooGold Commences Exploration on Core New South Wales Properties VANCOUVER, BC – March 10, 2022 (CSE: ROO) (OTC: JNCCF) (Frankfurt: 5VHA) – RooGold Inc. ("RooGold" or the "Issuer"). RooGold is pleased to announce that it has completed a reconnaissance field trip to the Gold Belt (EL9226), Trilby (EL9242) and Lorne (EL9232) Concessions which are located along the Peel-Manning Suture Zone . Highlights - Positive meetings regarding logistics of land access agreements were held with land owners at Gold Belt and Trilby, with a hard copy landowner agreement delivered at Trilby South.
- A total of 47 rock chip samples were taken. The majority were taken from Trilby South in an area of quartz veining and gossanous outcrop.
- Fieldwork at Lorne followed outcrops along the river where a number of prospectors were panning and sluicing for gold.
- The Peel South Concession (ELA 6429) is under application which will significantly consolidate RooGold’s land holding along the Peel-Manning Fault Zone.
Carlos Espinosa, Chief Executive Officer and a Director of RooGold comments, “commencement of field work marks a very important milestone for the Company. The three concessions are priority targets located along the Peel-Manning Fault Zone, a crustal suture zone that has shed very significant gold alluvials along its length. It is also very encouraging that RooGold has received positive feedback from landowners”. This field trip was designed to meet with landowners at the high-priority Trilby, Lorne and Gold Belt concessions. Given the positive feedback from landowners, RooGold is planning a more extensive field mapping program in the near future. The Peel-Manning Suture Zone The Peel-Manning Suture Zone is a crustal scale suture zone within the western part of the New England Orogen. Ophiolites, remnants of lower oceanic crust, are obducted within the suture. Numerous alluvial fields are clustered along the Peel-Manning suture zones and demonstrates its potential to host significantly gold-mineralized hydrothermal systems. |