VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 26, 2010) - Rockland Minerals Corp. (TSX VENTURE:RL) (the "Company") reports that it has map staked 55 claims in the Schefferville area of Quebec. The claims are in addition to the 16 original claims that make up the Schefferville gold property. The new claims are in five separate prospect areas and cover a total of 2,750 hectares. The claims are located approximately 50 kilometres north of Schefferville and there is an existing road that is within five kilometres of the southern portion of the property.
The Schefferville gold property is located within the Ashuanipi region of the older Archean Superior Province on the flank of the younger Proterozoic Labrador Trough, where Rockland's Retty Lake Cu-Ni-PGE project is located. Gold was found here in 1985 through regional lake sediment geochemical surveys and reconnaissance mapping by Quebec government geologists. The Ashuanipi gold anomalies are associated with arsenopyrite, in silicate iron formations, within Archean quartz-feldspathic gneisses. Subsequent ground and airborne surveys by the Quebec and Newfoundland governments, and private exploration including ground geophysics, trenching and drilling by Vior-Mazarim Inc. and the Iron Ore Company of Canada in 1987-88, located mineralization in these iron formations which assayed 1 to 19 g/t Au and which was accompanied by strong arsenic geochemical anomalies. Rockland's gold claims cover several of these known anomalies. In late 2009, a neighboring company drilled significant gold, lead, zinc and silver mineralization, which included 5.5 grams per tonne gold over a core length of 7.11 metres, in these Ashuanipi Sub-Province rocks immediately to the north. These rocks are geologically analogous to the well known gold-bearing Precambrian iron formations of the Homestake, Jardine, Conwoyto Lake and Hopewell districts elsewhere in North America.
Rockland has an option to earn 100% of the Schefferville gold property from Ernest D. Black by completing $1.3 million in property work expenditures over a five-year period. Rockland and Mr. Black recently amended the option agreement terms. The amendments adjust the annual exploration expenditure amounts and allow for an extension on the expenditures for exploration work as follows: $30,000 on or before December 31, 2010, $270,000 on or before December 31, 2011, $300,000 on or before December 31, 2012, $300,000 on or before December 31, 2013 and $400,000 on or before December 31, 2014. The Company also reports that it has entered into an employment agreement with chief executive officer, Ravinder Mlait, at a salary of $5,000 a month.
The technical information contained in this news release has been reviewed by George F. Sanders, P.Geo, qualified person under policy NI 43-101.
Rockland Minerals Corp.,
Ravinder Mlait, MBA, President & CEO
About Rockland
Rockland Minerals Corp. is focused on developing its Schefferville gold property and Retty Lake copper-nickel, platinum group elements (PGE) property, both located in the prolific Labrador Trough area in the province of Québec, Canada. Rockland is listed on the TSX Venture Exchange under the symbol "RL". To learn more about Rockland please visit www.rocklandminerals.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.