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Rockland Resources Reports Peak Assay Values Of 39.3 PPM GA And 1,420 PPM RB On the Beryllium Butte Property, Utah
NYSE - LSE
Rockland Resources Reports Peak Assay Values Of 39.3 PPM GA And 1,420 PPM RB On the Beryllium Butte Property, Utah
Rockland Resources Ltd. (the "Company" or "Rockland") (CSE:RKL), with concerns on the recent ban on gallium from China, the Company is pleased to report on widespread anomalous gallium (Ga) values (up to 39.3 parts per million ("ppm") Ga) and rubidium (Rb) values (up to 1,420 ppm Rb) from it's Beryllium Butte project, located in Juab county, Utah.
Rockland Chief Executive Officer Mike England states: "With record gallium prices, and the discovery of highly anomalous gallium (Ga) and rubidium (Rb) values in rock sample from our Beryllium Butte property, the property's potential is further enhanced. We are continuing to go through our data from our past programs and will report on further rare earths in the near term."
"Our excellent beryllium and lithium values have been the center of attention for us and, to that end, the property is fully permitted for a maiden drill program. We look forward to an active program in the 1st quarter of 2025." added Mr. England.
On December 3rd, 2024, Reuters (https://www.reuters.com/markets/commodities/china-bans-exports-gallium-germanium-antimony-us-2024-12-03/) reported that, "China on Tuesday banned exports to the United States of the critical minerals gallium, germanium and antimony that have widespread military applications, escalating trade tensions the day after Washington's latest crackdown on China's chip sector." Bloomberg reports "... prices for both metals (gallium and germanium) have surged since the restrictions were announced last year - gallium has risen 80%, while germanium has more than doubled. (https://www.bnnbloomberg.ca//international/2024 /12/03/china-bans-germanium-gallium-exports-to-us-in-tit-for-tat-move/).
The Company has reviewed 133 rock samples from the Beryllium Butte property that include analysis for gallium (Ga) and rubidium (Rb), and the peak value is 39.3 ppm Ga, and 54 samples (41 %) had 30 ppm Ga or greater. The peak value for rubidium is 1,420 ppm Rb, the average of all 133 samples is 729 ppm Rb, and 39 samples (29%) are +/+ 1,000 ppm Rb. Three areas with elevated Ga (+/=30 ppm Ga) have indicated (figure below), but the greatest concentration of higher anomalous gallium values (+/= 35 ppm Ga) occur on the "East Pavilion" target, a priority target previously identified with elevated beryllium and lithium values. Elevated rubidium values generally correlate with anomalous gallium values. Company geologists will further compile and interpret the soil and rock sample data base to refine drill targets for the 1st quarter 2025.
The most advanced gallium project in the Great Basin is the Cordero Gallium Project located in the McDermitt mercury district, northern Humbolt County, Nevada. A 2010 Report (Gold Canyon Resources Ltd, in resourceworld.com, 2010) for the Cordero Gallium Project reports measured/indicated resources of 14.8 million tonnes at 47.7 parts per million ("ppm") Ga, and inferred resources of 6.5 million tonnes at 43.7 ppm Ga.
A 2017 U.S. Geological Survey Professional Paper (Foley, N.K., et.al, 2017, SGS Professional Paper 1802-H, Gallium Chapter H of Critical Mineral Resources of the United States-Economic and Environmental Geology and Prospects for Future Supply, p. H1- H35, https://doi.org/ 10.3133/pp1802H) described the Cordero Gallium Project, as reportedly North America's largest known primary gallium occurrence (Rêserva International LLC, 2008)…The resources for the project above a cutoff grade of 30 ppm gallium are estimated to exceed 13 million metric tons (Rêserva International LLC, 2008).
Qualified person
Rockland's disclosure of a technical or scientific nature in this news release has been reviewed and approved by David Taff, P.Geo., who serves as a qualified person under the definition of National Instrument 43-101.
About Rockland Resources Ltd.
Rockland Resources is engaged in the business of mineral exploration and the acquisition of mineral property assets for the benefit of its shareholders.
On Behalf of the Board of Directors
Michael England, CEO & Director
For further information, please contact:
Mike England
Email: [email protected]
Neither the Canadian Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).
SOURCE: Rockland Resources Ltd.
C.Diez--HdM
