News Releae - RKL Assays 2,155 PPM Lithium Over 8.0 Metres In Channel Samples at Lithium Butte Claystone Property, Utah
LC247418-1
ROCKLAND RESOURCES ASSAYS 2,155 PPM LITHIUM OVER 8.0 METRES IN
CHANNEL SAMPLES AT LITHIUM BUTTE CLAYSTONE PROPERTY, UTAH
Vancouver, British Columbia, August 23, 2022: Rockland Resources Ltd. (the "Company" or
"Rockland") (CSE: RKL) is pleased to report encouraging assay results on channel samples from
lithium-mineralized claystones on the Lithium Butte Property in Juab County, Utah, USA .
Channel samples returned a continuous interval of 25.2 metres at 1,388 parts per million
(“ppm”) lithium (“Li”) including 8.0 metres at 2,155 ppm Li, and 0.7 metres at 3,540 ppm
Li.
The 4,460 ha (11,020 acre) Lithium Butte Property is located in the Basin and Range geological
province of west -central Utah and is interpreted to be highly prospective for lithium (Li) and
beryllium (Be) mineralization hosted in claystone volcanic tuff-breccia units.
Twenty-one (21) channel samples were taken from an exposed outcrop ping of claystone on the
Property in July 2022. Fifteen (15) channel samples with lengths from 1.0 to 2.0 m were taken
from a single stratigraphic section of claystone exposed beneath the rhyolite cap rock that forms
the top of the exposed butte. The total length of the main channel section (15 samples) is 27.0 m.
True stratigraphic thickness is estimated at approximately 70% of the channel length. This main
channel section returned 25.2 m at 1,388 ppm Li. The lower portion of the mineralized
section returned a higher -grade interval of 8.0 m at 2,155 ppm Li. The sampled section
represents the upper part of the prospective unit and the mineralization is open at depth. Sample
locations are illustrated in Figures 1 and 2.
Additionally, two shorter channel sections , each with 3 channel samples , were taken over the
exposed outcrop of the prospective unit , from 15 m northwest and 28 m southeast along strike
from the main channel. These shorter sections returned 1,732 ppm Li over 1.25 meters and 1,925
ppm Li over 1.7 meters, respectively. The shorter channels indicate Li claystone mineralization
over a strike length of at least 43 m with mineralization being open along strike and below the
channels. The southeast channel section contained the highest-grade lithium mineralization
in this sampling program with 0.7 m grading 3,540 ppm Li.
LC247418-1
Figure 1. Photograph of mineralized outcrop, Lithium Butte Property showing location of channel
samples
Figure 2. Rockland Resources Ltd. Lithium Butte Property, Juab County, Utah - Stratigraphic Section
showing relative position of channel sample assay results
LC247418-1
Dr. Richard Sutcliffe, Rockland’s President stated “These channel sample results are an excellent
validation of the initial grab sample results from this Pr oject that Rockland reported in June .
Importantly, the samples confirm a significant stratigraphic thickness of lithium -rich
mineralization on the Property. To advance our exploration program, we have recently established
an office in Delta, Utah and are in the process of setting up a facility to provide rapid analysis of
rock and soil samples using a Laser Induced Breakdown Spectrometer (LIBS). This technology
will allow Rockland to quickly evaluate additional exploration and drill targets. We look forward
to developing this program to evaluate regional lithium mineralized claystone targets in the Basin
and Range Province of Utah. The Company is currently staking additional claims and we will
provide additional Property details once staking has been completed.”
Rockland has an initial 90% interest in the original Lithium Butte property (60 claims - 1,200
acres) with the remaining 10% interest held by an arms -length third party. All remaining claims
were staked by Rockland and are owned 100% by the Company. There is a 1.5% Net Smelter
Royalty ("NSR") payable to the same arms-length third party on both the original Lithium Butte
property and all claims being acquired in the area.
Assay Program QA/QC – Channel sampling at Lithium Butte was carried out under the
supervision of Dr. Richard Sutcliffe, P. Geo., a Qualifie d Person as defined in NI43 -101. Dr.
Sutcliffe is also responsible for reviewing and approving the geological contents of this news
release as they pertain to the Lithium Butte Claystone Property.
Samples were couriered in sealed bags to Activation Laboratories ("Actlabs") in Ancaster, Ontario.
Actlabs is an independent ISO/IEC 17025 certified laboratory. Li analysis was performed using
sodium peroxide fusion and inductively coupled plasma mass spectrometry (ICP-MS).
Cole Gold Mines Property - Rockland is pleased to announce that it has issued 480,769
common shares and paid $100,000 cash in satisfaction of the final option payment to Mr. Greg
W. Smith pursuant t o the Company’s option agreement dated March 29 th, 2021 entered into
between the Company, Wabassi Resources ULC (Wabassi) and Greg W. Smith, whereby the
Company can acquire a 100% interest in the “Cole Gold Mine Property” (“Property”), located
in Ball Town ship, Red Lake Mining District. To acquire 100% interest, Rockland now has a
final option payment of $150,000 cash and 1,4 42,307 shares due to Wabassi. Rockland has
recently engaged Mr. Matthew Long, P.Geo., to complete an updated NI43-101 technical report
on the Property.
First Phase Capital
The Company has engaged First Phase Capital to provide awareness and IR services to its
marketing initiatives for six months. Pursuant to the terms of the First Phase Capital agreement,
First Phase will be paid $50,350 in cash plus GST. The scope of the marketing initiatives includes
full cycle lead generation & nurturing including paid advertising, email marketing, IR follow up,
and lead management. First Phase Capital is a boutique digital growth partner for privat e and
public companies looking to ultimately grow their investor database. First Phase Capital is arm’s
length to the Company and does not currently own any securities of the Company.
LC247418-1
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. In addition to the Utah Lithium Property,
the Company is acquiring the 41,818-hectare Elektra project concessions that are contiguous with
Gangfeng Lithium’s Sonora Lithium Clay Project located in Sonora, Mexico. The Company also
holds an option to earn a 100-per-cent interest in the Cole Gold Mines property, located in Ball
township, Red Lake mining division, Ontario. The Cole Gold Mines P roperty hosts high -grade
gold mineralization in a classic Red Lake-type structurally controlled gold deposit environment.
On Behalf of the Board of Directors
Dr. Richard H. Sutcliffe, P.Geo.
President and 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 manag ement’s current b eliefs 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).