High Grade Rock Chip Assays Returned from Arthurs Seat Gold-Silver Project, New South Wales
82 Richmond St. E., Toronto, Ontario M5C 1P1
HIGH GRADE ROCK CHIP ASSAYS RETURNED FROM
ARTHURS SEAT GOLD-SILVER PROJECT, NEW SOUTH WALES
TORONTO, ON – August 10, 2022 – (CSE: ROO) (OTC: JNCC F) (Frankfurt: 5VHA) –(CSE:
ROO) (OTC: JNCCF) (Frankfurt: 5VHA) – RooGold Inc. ("RooGold" or the "Issuer").
RooGold is pleased to report that high -grade gold and silver assays have been returned from its
preliminary rock chip sampling program at its 100% held Arthurs Seat Project (Exploration
Licence 9144) in the highly prospective New England Orogen in New South Wales, Australia.
Highlights
• 9 samples > 400 g/t Ag at mullock heaps and shafts at Murray and Co Mine, including
o 4 samples > 1,000 g/t Ag
o 5 samples > 1 g/t Au and 1 sample > 5 g/t Au
• 9 samples > 1,000 ppm Cu including 1 sample at 1.1% Cu
• Rock assays confirm historic assays at the Murray and Co Mine and McDonalds
prospects
• Land access established at Castlerag Silver Project, EL 9141, with historic production
grades of 1,200 g/t Ag & > 20% Pb. Sampling of these workings is imminent.
Carlos Espinosa, Chief Executive Officer and a Director of RooGold commented, “ Our first past
rock chip sampling program at Arthurs Seat has returned high -grade gold-silver assays. These
results confirm the historic assays of known prospects and are highly encouraging for fo llow up
work. Additionally, our field team has recently received access to our high -grade Castlerag, EL
9141 Silver Project and sampling will commence as soon as practicable.”
Rock Chip Sampling Program
A total of 274 rock chip samples collected at the Ar thurs Seat Project (EL 9144) to confirm the
results of historical sampling. Field work was targeted at sampling mullock dumps and shafts at
the Murray and Co mine and McDonalds Prospect, as well as sampling along the N-S fault and the
greisen altered granite contact at the Arthurs Seat Prospect. Key results are described below.
Murray and Co Mine
Twenty seven (27) rock samples were collected from the Murray and Co Mine mullock heaps and
historic shafts. Highly anomalous gold and silver assays were returned over 40 m strike length at
the Murray and Co Mine, Figure 1. The Murray and Co Mine is located within a zone of quartz
veined metasediment approximately 350 m in E-W strike length.
The highest gold value of 6.27 g/t Au and 1,385 g/t Ag (R00249) was returned from the westerly
most shaft from a brecciated and sili cified metasediment containing multiple quartz veins. Other
assays surrounding Murray and Co Mine include 16 samples graded between 0.2 g/t – 0.01 g/t Ag.
82 Richmond St. E., Toronto, Ontario M5C 1P1
Table 1 shows significant assay results from the rock chip sampling at Murray and Co Mine. Very
little historic work has been done at Murray and Co Mine. These gold assays are the first to be
reported at this prospect.
Figure 1: High grade sampling results from Murray and Co Mine coloured by Ag g/t. Highest gold result
of 6.27 g/t Au and 1,725 g/t Ag in 40 m zone of historic shafts.
Other assays surrounding Murray and Co Mine include 16 samples graded between 0.2 g/t –
0.01 g/t Ag.
82 Richmond St. E., Toronto, Ontario M5C 1P1
Table 1: Significant assay results from rock chip sampling program at the Murray and Co Mine (>100 g/t
Ag, > 0.09g/t Au) from Arthurs Seat Project, EL 9144. Listed in order of sample number.
McDonalds Mine Prospects
Fourty seven (47) rock samples were collected at the McDonalds prospect and returned anomalous
gold and silver assays over an area 600 m x 350 m. Visual observations of some samples included
massive stibnite and returned antimony (Sb) values up to 12.75% Sb.
These results are highly encouraging and show the potential for a polymetallic precious and base
metal deposit along strike from the high grade silver values at the Murray and Co Mine located
2.75 km to its west.
Sample ID Easting Northing RL Lithology Au g/t Ag g/t
R00244 311642 6750598 524 Brecciated metasediment 0.17 517
R00245 311670 6750530 533 Brecciated metasediment 0.09 1125
R00246 311666 6750526 532 Brecciated metasediment 1.23 141
R00248 311667 6750532 534 Brecciated metasediment 0.76 677
R00249 311644 6750532 537 Brecciated metasediment 6.27 1385
R00252 311660 6750523 532 Brecciated metasediment 2.11 445
R00258 311644 6750540 529 Brecciated metasediment 0.55 1725
R00259 311641 6750534 529 Brecciated metasediment 1.77 1585
R00261 311643 6750534 530 Brecciated metasediment 0.67 236
R00262 311671 6750525 526 Brecciated metasediment 0.34 411
R00263 311658 6750524 525 Brecciated metasediment 1.23 463
R00264 311671 6750530 529 Brecciated metasediment 0.26 313
R00329 314608 6749317 456 Brecciated siltstone 0.09 130
82 Richmond St. E., Toronto, Ontario M5C 1P1
Table 2: Significant assay results from rock sampling program at the McDonalds prospect (>0.1g/t Au and
>20g/t Ag) from Arthurs Seat Project, EL 9144. Listed in order of sample number, rounded to 2 decimal
places.
Castlerag Silver Project
Roo Gold has been granted access to the key high grade workings at the Castlerag Project
(EL 9141), located 6 km from Deepwater in northern NSW.
Historic production at the Castlerag mine is estimated at 4000 t at average grades of 1,200 g/t Ag
& > 20% Pb.
Sampling of historic workings is imminent.
Sample_ID Easting Northing RL Lithology Au g/t Ag g/t Sb %
R00296 314205 6749347 468 Metasediment 0.11 7.14 0.54
R00299 314200 6749351 465 Metasediment 0.2 13.4 8.85
R00300 314203 6749353 465 Metasediment 0.25 6.2 1.85
R00301 314208 6749352 466 Metasediment 0.12 15.15 2.87
R00302 314207 6749350 466 Metasediment 0.14 3.98 0.42
R00303 314207 6749347 466 Metasediment 0.15 7.3 0.98
R00304 314215 6749348 468 Metasediment 0.13 13.35 2.46
R00306 314212 6749349 469 Metasediment 0.15 9.82 2.52
R00313 314125 6749299 462 Metasediment 0.05 47.6 0.43
R00314 314302 6749465 460 Fine quartz vein in metasediment 0.02 57.2 0.91
R00326 314374 6749531 468 Fine quartz vein in metasediment 0.06 42.1 1.86
R00327 314375 6749533 469 Fine quartz vein in metasediment 0.02 71.1 12.75
R00328 314597 6749326 455 Metasediment 0.23 49.4 0.52
R00329 314608 6749317 456 Fine quartz vein in metasediment 0.09 130 0.11
R00330 314603 6749322 455 Fine quartz vein in metasediment 0.05 17.55 0.20
R00331 314637 6749298 455 Fine quartz vein in metasediment 0.24 59.5 0.34
R00337 314101 6749399 461 Fine quartz vein in metasediment 0.1 3.83 0.50
R00338 314575 6749351 451 Fine quartz vein in metasediment 0.05 51.2 0.43
R00346 314074 6749619 474 Fine quartz vein in metasediment 0.03 57.7 5.40
R00347 314067 6749615 473 Fine quartz vein in metasediment 0.02 44.3 0.77
R00349 314127 6749540 472 Fine quartz vein in metasediment 0.03 23.2 0.26
82 Richmond St. E., Toronto, Ontario M5C 1P1
Quality Assurance and Quality Control (QAQC) and Assay Procedures
A minimum of 3 kg per rock chip sample collected in sealed calico bag s by the RooGold field
team. Five calicos containing rock chips placed in polyweave bags and each zip tied to ensure
security. A total of 23 green bags were placed on heavy duty pallet, wrapped in heavy duty plastic
wrap to ensure security and sent to ALS Geochemistry Labs (ALS) in Perth, Australia for assay
testing. ALS is independent of RooGold and is certified to international quality standards through
ISO/IEC 17025:2017 including ISO 9001:2015 and ISO 9002 specifications. At ALS, rock chips
underwent coarse crushing before fine crushing to 70% less than 2mm then riffle split off 1kg,
followed by a pulverise split to better than 85% passing <75μm. Gold was measured by Fire Assay
of 50g sample and AAS finish. Samples were also tested using a ME -ICP61 for 33 element suite
by 4 acid digest, HCl leach and ICP-AES. Field blanks were inserted every 25 samples. Certified
gold and base metal reference standards (CRM’s) were inserted every 13 samples. Assay results
from certified standards received from the laborat ory are required to be within 3σ from their
Certified Reference Value. RooGold noted no issues with the CRM results, which met acceptable
values.
Data Verification
Alexandra Bonner has verified the scientific and technical data disclosed in this news r elease
including the rock chip locations, sampling procedures, and analytical data underlying the
technical information disclosed. Specifically, Alexandra Bonner reviewed the original certified
assay results from ALS and verified the assay summary table produced for these rock chip samples.
RooGold and Alexandra Bonner do not recognize any significant factors of sampling or recovery
that could materially affect the accuracy or reliability of the rock chip assay data disclosed in this
news release.
Qualified Person Statement
The scientific and technical information contained in this news release has been prepared and
approved by Alexandra Bonner, Vice President Exploration, who is a Qualified Person as defined
in NI 43-101.
About RooGold Inc.
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 14 high-grade potential gold (10) and silver (4) concessions covering
2,696 km 2 which have 139 historic mines and prospects.
For further information please contact:
82 Richmond St. E., Toronto, Ontario M5C 1P1
Carlos Espinosa, CEO
Ryan Bilodeau
(416) 910-1440
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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
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