VANCOUVER, BC / ACCESSWIRE / May 29, 2023 / Rock Edge Resources Ltd. (the "Company" or "Rock Edge") (CSE:REDG) is pleased to announce that the Company has concluded its 2023 field program on their Pag North property (the "Property") located 30 km southeast of Longlac, Ontario. Over the last 2 weeks the Property has been mapped and sampled for its rare-element pegmatite hosted mineralization and gold potential. The geological team is now moving onto the Terrier Property where further mapping and sampling will take place.
The following salient features gained from the boots on the ground field program underpin the potential of the Property to host rare-element pegmatite hosted mineralization:
- A total of 241 waypoints collected with 54% of those being pegmatites.
- A total of 144 samples were taken with 72% of those comprising rock saw channel samples of pegmatites.
- Of the pegmatite channel samples 29% ranged between 0.5 to 1.0 m wide.
- Pegmatite dyke geometry has been documented with widths between 10 cm and 30+ m wide traceable along strike up to 200 m in length.
- Pegmatites are typically yellowish to white in colour with quartz and white feldspar graphic crystal intergrowth and contain coarse muscovite, tourmaline, biotite, garnet, possible beryl or apatite and a black mineral thought to be tantalite or columbite. These are favourable indicator minerals for possible fractionating rare-element pegmatites from a fertile parental melt (Breaks et al., 2003). Analytical results will be needed to confirm rare-element levels.
Charles Desjardins, CEO of Rock Edge, states, "We are extremely pleased with our initial efforts at Pag North. Our geological team uncovered numerous undocumented pegmatite dykes with very impressive dimensions with only what they could strip by hand. Observed mineralogy of the pegmatite dykes appears favourable to host rare-element mineralization. We look forward to receiving the analytical results from our Phase 1 exploration program at Pag North as the team moves to the Terrier Property north of Nakina, Ontario."
Qualified Person
The technical content of this news release has been reviewed and approved by Mike Kilbourne, P. Geo., who is an independent Qualified Person (QP) as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.
References
- Breaks, F.W., Selway, J.B. and Tindle, A.G. 2003. Fertile peraluminous granites and related rare-element mineralization in pegmatites, Superior Province, northwest and northeast Ontario: Operation Treasure Hunt; Ontario Geological Survey, Open File Report 6099, 179p.
About Rock Edge Resources Ltd.
Rock Edge Resources Ltd. is focused on acquiring and exploring mineral property assets, with a specific emphasis on the Northwestern Ontario Lithium belt and the province of Quebec. Its objective is to locate, develop and bring to market economically viable properties that contain critical minerals, base metals and precious metals. With the support of the Ontario government's Critical Minerals Strategy, Rock Edge is poised to take advantage of the growing demand for these essential minerals and contribute to the region's economic growth.
On Behalf of the Board of Directors
Charles Desjardins
Chief Executive Officer and Director
Phone #604-808-3156
Email: info@rockedgeresources.com
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
Forward Looking Statements
This news release contains "forward-looking statements" and "forward looking information" (as defined under applicable securities laws), based on management's best estimates, assumptions, and current expectations. Such statements include but are not limited to, statements with respect to the plans for future exploration and development of the Company's properties and the acquisition of additional exploration projects. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts", "anticipates" "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied by such statements, including but not limited to: risks related to the receipt of all necessary regulatory and third party approvals for the proposed operations of the Company's business and exploration activities, risks related to the Company's exploration properties; risks related to international operations; risks related to general economic conditions, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of commodities including lithium and gold; fluctuations in foreign currency exchange rates, increases in market prices of mining consumables, possible variations in reserves; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of exploration, development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in jurisdictions in which the Company operates. . Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements and forward-looking information are made as of the date hereof and are qualified in their entirety by this cautionary statement. The Company disclaims any obligation to revise or update any such factors or to publicly announce the result of any revisions to any forward-looking statements or forward-looking information contained herein to reflect future results, events or developments, except as require by law. Accordingly, readers should not place undue reliance on forward-looking statements and information. Please refer to the Company's most recent filings under its profile at www.sedar.com for further information respecting the risks affecting the Company and its business.
SOURCE: Rock Edge Resources Ltd.
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