Roogold Signs Land Access Agreements At Gold Belt And Gold Star

Rhea-AI Summary

RooGold Inc. has signed Land Access Agreements for its Gold Belt (EL9226) and Gold Star (EL9215) properties, crucial for its exploration efforts in New South Wales, Australia. The agreements facilitate exploration in areas with historic gold mining activities, with strategic field sampling planned shortly. CEO Carlos Espinosa emphasized that this access marks a significant advancement in the company's exploration work. RooGold holds a portfolio of 13 high-grade potential gold and silver concessions across 1,380 km², showcasing its commitment to becoming a key player in the region.

Positive

• Signed Land Access Agreements at Gold Belt and Gold Star properties, enabling exploration.
• Access granted in key areas of historic gold mining, enhancing exploration potential.
• Strategic field sampling to begin soon, indicating progress in exploration activities.

Negative

• None.

TORONTO, ON / ACCESSWIRE / March 29, 2022 / (CSE:ROO) (OTC PINK:JNCCF) (Frankfurt:5VHA) - RooGold Inc. ("RooGold" or the "Issuer").

RooGold is pleased to announce that it has signed Land Access Agreements at its top two ranked concessions, the Gold Belt (EL9226) and Gold Star (EL9215) properties that cover numerous historic gold workings, which are located adjacent to the Peel-Manning Suture Zone.

Highlights

• Land Access Agreement (LAA) signed with NSW Forestry permitting exploration prospecting within areas of State Forest at Gold Belt (EL 9226).
• Land Access Agreement (LAA) signed with landholder permitting exploration prospecting at the northern end of Gold Star (El 9215).
• Landholder negotiations at other properties including Trilby (EL9242) and Lorne (EL9232) are continuing.
• Strategic field sampling to commence in the near term at historic mine workings.

Carlos Espinosa, Chief Executive Officer and a Director of RooGold comments, "obtaining land access at Gold Belt and Gold Star is a key step in the progression of Roo Gold's exploration work. Access has been granted over key areas of historic gold mining activities. Exploration reconnaissance work will commence soon."

About RooGold Inc.

ROOGOLD is a Canadian based junior venture mineral exploration issuer which is uniquely positioned to be a dominant player in New South Wales, Australia, through a growth strategy 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 13 high-grade potential gold (9) and silver (4) concessions covering 1,380 km2 which have 137 historic mines and prospects.

For further information please contact:

Ryan Bilodeau
416-910-1440
info@roogoldinc.com

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.

SOURCE: RooGold Inc.

View source version on accesswire.com:
https://www.accesswire.com/695050/Roogold-Signs-Land-Access-Agreements-At-Gold-Belt-And-Gold-Star

FAQ

What recent agreements has RooGold Inc. signed regarding JNCCF?

RooGold has signed Land Access Agreements for its Gold Belt and Gold Star properties, allowing exploration.

How does the Land Access Agreement affect RooGold's exploration plans?

The agreement enables RooGold to conduct exploration in areas with historic gold workings, enhancing its mining activities.

What are the key properties involved in RooGold's recent announcement?

The key properties are Gold Belt (EL9226) and Gold Star (EL9215), both located in New South Wales, Australia.

What is the significance of the Land Access Agreements for JNCCF investors?

These agreements represent a crucial step in RooGold's exploration strategy, potentially increasing future asset value.