VANCOUVER, BC / ACCESSWIRE / February 17, 2022 / (CSE:ROO)(OTC PINK:JNCCF)(Frankfurt:5VHA) - RooGold Inc. ("RooGold" or the "Issuer").
To Our Shareholders & Prospective Investors:
On February 9th 2022 RooGold announced their appointment of Carlos Espinosa as Chief Executive Officer (CEO), President and member of the Board of Directors, effective March 4th, 2022.
Carlos Espinosa comments, "As I transition into my role as CEO and President of RooGold, and with reconnaissance field work commencing at one of the Company's flagship projects, I would like to take this opportunity to reach out to all RooGold shareholders and prospective investors. Specifically, I would like to recap RooGold's substantial achievements in 2021, outline the Company's immediate exploration plans for the first half of 2022 and importantly discuss the Company's project acquisition strategy and commitment to value creation by reducing exploration risk".
2021 Highlights
In 2021 RooGold consolidated a significant portfolio of high grade gold and silver properties in New South Wales Australia comprising 13 concessions within the prolifically mineralized New England and the Lachlan Orogens (Figure 1).
Figure 1: RooGold NSW concessions (Red) on a 90 m Digital Terrane Model showing showing gold (yellow) and silver (blue) occurrences and mines.
2022 Q1 & Q2 Work Program
RooGold's immediate focus in 2022 will be rapid field reconnaissance of six high priority concessions that have been identified from the comprehensive data base review. RooGold's work program will initially comprise of:
Alexandra Bonner, RooGold's Chief Operations Manager, comments, "The Company is preparing to commence its first field reconnaissance program at the end of February 2022 which will focus on the southern part of the Peel-Manning Fault system. RooGold will update investors in due course".
Project Acquisition Strategy
RooGold's acquisition strategy focused on reducing exploration risk through the acquisition of a large and diverse exploration portfolio of gold and silver targets, each hosting high grade showings, prospects and historical mines. Specifically:
Figure 2: RooGold NSW concessions (Red) on an aeromagnetic base map. Note that regional scale structures exert a fundamental control on gold and silver mineralization.
Most of RooGold's concessions are spatially associated with the major crustal structures, all of which are significantly gold mineralized along their length. Many of these structures have also shed significant gold alluvials, which is often a vector to hard rock mineralization.
Carlos Espinosa notes, "RooGold's extensive and highly prospective, yet largely under explored land holdings, in a stable and mining friendly country such as Australia, was an important factor in my decision to join RooGold as CEO. By owning multiple concessions, all 100% owned, with low holding and work commitment costs, and all with multiple high grade historical gold and silver showings, RooGold has sufficient exploration targets to significantly reduce the overall exploration risk".
RooGold will be providing regular updates as the field program ramps up during Q1 of 2022.
ROOGOLD is a Canadian based junior venture mineral exploration issuer which is uniquely positioned to be a dominant player in New South Wales, Australia, through a growth strategy focused on the consolidation and exploration of high potential, mineralized precious metals properties in this prolific region of Australia. Through its announced acquisitions of Southern Precious Metals Ltd., RooGold Ltd. and Aussie Precious Metals Corp. properties, RooGold commands a portfolio of 13 high-grade potential gold (9) and silver (4) concessions covering 1,380 km2 which have 137 historic mines and prospects.
For further information please contact:
Ryan Bilodeau
T: 416-910-1440
info@roogoldinc.com
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur.
Although the Issuer believes that the expectations reflected in applicable forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in such statements.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE: RooGold Inc.