Rockland Resources Ltd. Announces Completion of Expanded 5,300‑Metre Drill Program at Cole Gold Mines Project

Rockland Resources Ltd. (CSE: RKL) reported the successful conclusion of an extensive 5,300‑metre diamond drill program at its 100 % owned Cole Gold Mines Project in the Red Lake mining district of Ontario. The initiative, which expanded from an initial 3,000‑metre campaign, encompassed 19 drill holes and represents the most comprehensive modern exploration effort ever undertaken on the Cole Gold property.

Key Highlights

  • Scope of Work

  • Total drilling depth: 5,300 metres

  • Number of drill holes: 19

  • Primary objective: Test additional targets and follow up on visual successes, particularly within the newly identified “GSL Zone.”

  • Preliminary Observations

  • Visible gold (VG) has been observed in several drill holes, indicating the presence of gold‑mineralised vein systems at multiple depths and orientations.

  • The VG intersections align with the characteristic gold‑mineralisation style typical of the Red Lake district.

  • Next Steps

  • Assay results for the entire program remain pending.

  • Check assays are underway for holes where visible gold has been noted.

  • Company will disclose assay data as they become available.

Strategic Implications

The confirmation of gold‑mineralised veins extending well below existing historic workings suggests a potentially robust, vertically extensive resource. By expanding the drill program, Rockland has demonstrated a proactive approach to fully delineating the property’s mineral potential, positioning the company to refine resource estimates and advance toward a feasibility study.

Market Context

With a market capitalisation of approximately 12.96 million CAD and a closing share price of 0.26 CAD on 8 April 2026, Rockland’s exploration progress comes at a time when the company’s valuation remains modest. The 52‑week high of 0.34 CAD and low of 0.05 CAD illustrate the volatility that often accompanies junior mining firms, yet the latest drill results provide tangible evidence of value creation.

Conclusion

Rockland Resources Ltd.’s completion of the 5,300‑metre drill program at Cole Gold represents a decisive step forward in substantiating the project’s gold‑bearing potential. While assay data are still forthcoming, the early visual success and the depth extension of the gold‑mineralised vein system underscore the company’s commitment to unlocking significant mineral resources in the prolific Red Lake district.