RooGold Additional Exploration Licence on Peel-Manning
Suite 615 – 800 West Pender Street, Vancouver, BC V6C 2V6
ROO GOLD ADDITIONAL EXPLORATION LICENCE ON PEEL-
MANNING
VANCOUVER, BC – May 4, 2022 – (CSE: ROO) (OTC: JNCCF) (Frankfurt: 5VHA) – RooGold
Inc. ("RooGold" or the "Issuer").
RooGold is pleased to report that it has acquired an additional , 100% held Exploration Licence
(EL) 9390 in the highly prospective Peel -Manning Suture Zone of the New England Orogen in
New South Wales, Australia.
Highlights
• EL 9390 covers an area of 229 km2 and is strategically located in between Roo Gold’s Lorne
(EL 9232) and Gold Belt (EL 9226) Projects.
• The three Projects cover 435 km2 over a 65 km strike length of the Peel-Manning Suture Zone
which is well known to host precious and base metal mineral deposits.
• The Projects are located within 70 km of each other making for efficient logistics and work
planning.
• Landowner access negotiations and rock chip sampling to commence as soon as practicable
at prospective mineral occurrences.
Carlos Espinosa, Chief E xecutive Officer and a Director of RooGold comments, “ Exploration
Licence 9390 is a valuable addition to Roo Gold’s tenure portfolio. EL 9390 is 100% held by Roo
Gold and was strategically acquired for both its position over the serpentinite package of rocks
along the Peel-Manning Suture zone and its close proximity to our Lorne and Gold Belt Projects,
making logisitics and work planning more efficient. We look forward to commencing land access
negotiations to facilitate field work as soon as practicable”
The Glenrock Project
The Glenrock Project, EL 9390, is located 15 km southeast of the Lorne Project (EL 9232) and
30 km northwest of Gold Belt Project (EL 9226). It covers over 20 km of the serpentinite belt of
the Peel-Manning Suture Zone.
EL 9390 contains diverse geology that are known elsewhere in the region to host a variety of
mineralisation styles that contain Au-Cu and base metal metallic mineral deposits. Rock types
include serpentinites, flysch sequences, intrusives, volcanics and volcaniclastics, structurally
located within in a complex, highly faulted system . This system may host numerous metallic
Suite 615 – 800 West Pender Street, Vancouver, BC V6C 2V6
mineralisation styles including lode gold with associated base metals. The tenement also contains
mineral occurrences of copper-rich quartz veins containing malachite, bornite and chalcopyrite in
serpentinite dykes up to 150 m long and 12 m wide. The tenement is significantly under-explored,
has never been drilled and represents a ground -floor opportunity for the discovery of new
metallogenic province.
Exploration Licence Application (ELA) 6429 was submitted to the Deparment of Regional NSW
covering an area of 229 km2 on 3 rd February 2022 . On 11 April 2022, Exploration Licence
(EL) 9390 was granted to Great Southern Precious Metals Pty Ltd, a 100% subsidiary company of
Roo Gold Inc.
Following a historic data review and land access negotiations, Roo Gold will undertake a field
reconnaissance trip and rock chip sampling to identify targets for follow up.
Suite 615 – 800 West Pender Street, Vancouver, BC V6C 2V6
Figure 1: Location map with key geology and mineral occurrences of newly acquired EL 9390, Glenrock Project, in geographical
relation to Roo Gold’s strategic tenement holding along the Peel-Manning Suture in the New England Orogen of New South Wales,
Australia.
ROOGOLD is a Canad ian based junior venture mineral exploration issuer which is uniquely
positioned to be a dominant player in New South Wales, Australia , through a growth strategy
Suite 615 – 800 West Pender Street, Vancouver, BC V6C 2V6
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
1,537 km2 which have 139 historic mines and prospects.
For further information please contact:
Ryan Bilodeau
416-910-1440
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.