Rocky Shore Gold Solidifies Position with Successful Claims Sale

Author: Owen Jenkins Updated: 07-04-2025 10:30 AM

Rocky Shore Gold Completes Strategic Claims Sale

Rocky Shore Gold Ltd. (CSE: RSG) has reached an important milestone by finalizing the sale of its Hemlo area claims. This closure marks a significant step for the company, showcasing its focused strategy to maximize its assets and capitalize on key opportunities in the gold sector.

Transaction Details

The deal, valued at CAD$975,000, involves all claims owned by Rocky Shore in Ontario, including those under a previous option agreement that has now been terminated. As part of the arrangement, the company retains a variable-rate royalty of up to 0.50% Net Smelter Returns on these claims. The royalty percentage will depend on the existing obligations attached to each claim. Additionally, the acquiring company, Barrick Mining Corporation, has the option to repurchase 50% of this royalty for a one-time payment of CAD$500,000, allowing Rocky Shore to benefit further from its mineral resources.

Leadership and Expertise

At the helm of this exploration journey is Ken Lapierre, the President and CEO of Rocky Shore Gold. Ken is recognized as a Qualified Person under Canadian regulations, ensuring that all scientific information communicated by the company is credible and thoroughly vetted. His leadership is crucial as Rocky Shore navigates the complexities of mineral exploration.

About Rocky Shore Gold

Rocky Shore Gold is at the forefront of mineral exploration in Canada, focusing on discovering and developing gold resources in Newfoundland. The company's flagship Gold Anchor Project covers over 1,200 square kilometers and ranks as the second-largest property in an emerging Central Gold District. This prime location is strategically situated near significant gold discoveries and deposits, boasting numerous gold-bearing faults, including the promising Appleton and JBP Fault Corridors.

Future Prospects

This successful claims sale reflects Rocky Shore's proactive approach to enhancing its position in the gold market. The decision indicates a commitment to focusing on valuable projects while managing resources wisely. As the demand for gold continues to increase, the company is well-placed to explore new opportunities and build upon its existing projects.

Contact Information

For further inquiries regarding this transaction or the company's future endeavors, interested parties can reach out to:

Ken Lapierre, President & CEO
Rocky Shore Gold Ltd.
T: +1 (647) 678-3879
Email: ken@rockyshoregold.com

Cathy Hume, CEO
CHF Capital Markets
T: +1 (416) 868-1079 x 251
Email: cathy@chfir.com

Frequently Asked Questions

What was the value of the claims sale by Rocky Shore Gold?

The claims sale was valued at CAD$975,000.

Who bought the claims from Rocky Shore Gold?

The claims were purchased by a subsidiary of Barrick Mining Corporation.

What royalty does Rocky Shore Gold retain on the claims?

Rocky Shore retains a variable-rate royalty of up to 0.50% Net Smelter Returns on the claims sold.

Who is the President and CEO of Rocky Shore Gold?

Ken Lapierre serves as the President and CEO of Rocky Shore Gold Ltd.

What is the focus of Rocky Shore Gold's exploration efforts?

Rocky Shore Gold focuses on gold exploration, particularly on its Gold Anchor Project located in Newfoundland.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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