RooGold Exploration Plans for Q1 & Q2 for its Australian Exploration Project Portfolio
Suite 615 – 800 West Pender Street, Vancouver, BC V6C 2V6
ROOGOLD EXPLORATION PLANS FOR Q1 & Q2 FOR ITS
AUSTRALIAN EXPLORATION
PROJECT PORTFOLIO
VANCOUVER, BC – February 17, 2022 – (CSE: ROO) (OTC: JNCC F) (Frankfurt: 5VHA) –
RooGold Inc. ("RooGold" or the "Issuer").
To Our Shareholders & Prospective Investors:
On February 9 th 2022 RooGold announced the ir appointment of Carlos Espinosa as Chief
Executive Officer (CEO), President and member of the Board of Directors, effective March 4 th,
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 w ould 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).
• Concessions cover 1380 km2 and host at least 137 gold and/or silver mineralized showings,
prospects and historical small scale mines.
• Most concessions are located on regional scale structures with multiple gold and/or silver
occurrences and mines along their length (Figure 1). Globally, the more significant gold and
silver deposits are hosted along regional.
• RooGold’s large land-holding, coupled with the large number of mineralized occurrences,
prospects and historical mines, and diversity of deposit type, helps reduce exploration risk.
• RooGold has acquired 100% of all properties , with no staged earn in payments, royalties or
claw backs.
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• The Company has completed a comprehensive review of the extensive historical NSW
government database and identified six priority concessions.
Figure 1: RooGold NSW concessions (Red) on a 90 m Digital Terrane Model showing showing gold
(yellow) and silver (blue) occurrences and mines.
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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:
• Acquisition of high resolution satellite and DEM data to provide a base for structural mapping
and reconnaissance planning.
• Establishment of a land-owner database and negotiation of land-owner access agreements for
priority targets.
• Reconnaissance mapping of six pri ority concessions , which will be followed by prospect
mapping and target generation for the initial top three prospective properties.
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:
• Multiple Concessions: The likelihood of a mineral exploration discovery is generally better
for companies with a diverse portfolio of targets , provided project acquisition is based on
geological merit and project holding costs are sustainable.
• Simple Deal Structure: RooGold holds 100% of all 13 concessions , with no staged earn in
or joint venture payments. RooGold’s expenditures will be driven by exploration merit , not
by deal terms.
• Low Holding Costs: RooGold has committed to exploration expenditures of AUD $25,000
per concession in Year 1 and AUD $50,000 per concession in year two. This equates to AUD
$325,000 Year 1 and AU D $650,000 Year 2, for all 13 concessions. RooGold has already
met approximately AUD $175,000 of Year 1.
• The Importance of Structure: Many factors influence the risk reward profile of exploration
projects. This is highlighted by Figure 1 which shows a positive correlation between the
distribution of gold mines, historical mines and prospects , and crustal scale structures. Some
Suite 615 – 800 West Pender Street, Vancouver, BC V6C 2V6
of these structures , such as the Peel -Manning Fault are suture zones marking former plate
boundaries and associated magmatic arcs. Major faults provide fluid conduits for circulation
of mineralizing fluids.
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.
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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.
• Multiple Targets within Each Concession: Most concessions held by RooGold are large and
contain multiple gold and/or silver showings, prospects and historical small scale mines. Not
only does this speak to the prospectivity of each concession, but it provides multiple targets
for a better risk reward profile.
• High Grade: High grade exploration targets generally have a better exploration risk reward
profile than low or marginal grade targets. A significant number of the 137 gold and/or silver
mineralized showings, prospects and historical small scale mines have reported high to very
high precious metal grades.
• Very Limited Historical Drilling: Despite over 137 known high grade, gold and/or silver
mineralized showings, prospects and historical small scale mines , only 28 holes have been
drilled historically for 2046m. There has been al most no modern exploration across
RooGold’s concessions, which allows for significant potential for discovery.
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 Canad ian based junior venture mineral exploration i ssuer which is uniquely
positioned to be a dominant player in New South Wales, Australia , through a growt h 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 Me tals 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
Suite 615 – 800 West Pender Street, Vancouver, BC V6C 2V6
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.
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RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.