Rockland Resources Engages Chibougamau Drilling for Cole Gold Mines Project
Vancouver, British Columbia — January 9, 2026 — Leads & Copy — Rockland Resources Ltd. has engaged Chibougamau Drilling for its upcoming drill program at the Cole Gold Mines project in Red Lake District, Ontario. The company also announced a non-brokered private placement to raise up to $1,200,000.
Chibougamau Drilling, based in Red Lake, has extensive experience in the area, including work at the Great Bear deposit. The initial drill program will consist of approximately 3,000 meters and is expected to commence later this month.
The private placement will consist of up to 12 million units at a price of $0.10 per Unit. Each unit includes one common share and one transferable share purchase warrant. Each warrant allows the holder to purchase one warrant share for 36 months after the closing date at an exercise price of $0.15 per share.
The net proceeds from the financing will be used to advance the Cole Gold Mines project in Red Lake, Ontario, and for general working capital purposes.
Shares issued in the financing will be subject to a four-month hold period according to Canadian securities laws. Finders’ fees may be payable on the private placement, subject to the policies of the Canadian Securities Exchange.
Danae Voormeij, P. Geo., Rockland Resources’ newly appointed Chief Geologist, reviewed and approved the technical information in the news release. Ms. Voormeij has been registered with Engineers and Geoscientists British Columbia (EGBC) since 2007 and serves as the Qualified Person under National Instrument 43-101.
Rockland Resources is focused on mineral exploration and discovery. The company’s flagship project is the Cole Gold Mines project in the Red Lake district of Ontario. Rockland also has a portfolio of beryllium properties in Utah.
Michael England, CEO & Director
For further information, please contact:
Mike England
Email: mike@engcom.ca
Source: Rockland Resources Ltd.
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