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RocklandMinerals:QubecsNextMajorGoldPlay?

Quebcisreemergingasagreatplacetolookforgold. ThewesternregionoftheprovinceishometoaprolificextensionoftheAbitibibelt.Sizeablegold depositsrangingfromeightto20millionounceshaveturnedtheCadillac,MalarticandValdOrgold depositsintorapidlyexpandingminingcamps. Qubecisaveryminingfriendlyprovincetoo.Ithasbeenratedthenumberoneplaceintheworldto explorebytheFraserInstitute.Qubechasbeeninthetop10since2001andhasbeeninthetopspot overthelastthreeyears.Theprovincealsohasanexceptionaltaxrebatesystemforexploration companies. Stillthough,muchofQuebecspotentialgoldregionsremainlargelyunexplored. RocklandMinerals(TSXV:RL)isaggressivelyworkingawaytochangethat. Thecompanywithamarketcapoflessthan$3million,34%insiderownership,hasrecentlyoptioned theScheffervilleGoldProjectintheheartofQuebecsironproducingregionthatwasinitiallydiscovered inthe1980s,hasremainedlargelyunexploredformorethan20years,hashistoricalsampleswhich assayedgradesofbetween1g/tAuto19g/tAu(uneconomicalinwithgoldat$300anounce,but now...),andalreadyhasmultipledrilltargetsidentified.

UnderexploredMiningCampwithBigUpside
TheScheffervilleGoldProjectappearstohavestrikinglysimilargeologyandgeochemistrytotheformer producingHomestakemineinSouthDakota,andthelargeLupinminebandedironformationgold depositinNunavut(formerlyownedbyEchoBayMinesandnowownedbyKinross). TheHomestakeMinehasproducedmorethan38millionouncesofgoldsince1876.Recentdrillingon claimsnowcontrolledbyRocklandyieldedverypositiveresults,including7.1mof5.5g/tAu.Rockland isanewcompanythatstartedtradingontheTSXVentureexchangeabouttwomonthsagoandonlyhas 16.2Msharesoutstanding.Theyrecentlycompleteda$500,000financingthatwillbeusedimmediately totaketheScheffervilleGoldpropertytothenextlevelofdevelopment.

AccordingtoRocklandsgeologists,thestrongarsenicgoldmineralizationfoundontheSchefferville goldpropertyinhighgrademetamorphicrocks,overlookedbymostcompaniessinceitsdiscoveryinthe 1980s,isthelastremainingstrongarsenicgoldanomalyareainQubecthathasnotbeenseriously exploredinthiscurrentmetalscycle. TheScheffervilleGoldpropertyislocatedintheAshuanipiMetamorphicComplex,totheimmediate westoftheprolificLabradorTrough.

ThegoldintheAshuanipidistrict,locatedveryclosetoinfrastructureatthetownofSchefferville,occurs inpolymetallicmineralization(AuAgPbZn)associatedwithstrongarsenopyrite. Thismineralizationisarelativelynewdiscovery.ItwasfoundbyQubecgovernmentlakebottom sedimentsurveysinthe1980s.Andisstilllargelyunderexplored. OnlyonewaveofdrillingwasdoneintheAshunaipidistrictinthelate1980sbytwocompaniesIron OreCompanyofCanadaandViorMazarim,ajointventurebetweenQubecjuniors. Significantgoldwasfoundinthedrilling,butwasnoteconomicatthetime.Sincethennodrillinghas beendoneuntilarecentdrillingprogramin2009byRocklandpartner,WesternTroy. RocklandhastakencontroloftheScheffervillegoldareawiththeiroriginaloptionagreementwiththe legendaryErnieBlack,P.Geo,andbywayofarecentoptionagreementwithfellowexplorerWestern Troy,consolidatinggroupsofintermingledclaimsintooneproject. Themapbelowshowssomeofthemanygoldtargetzonesinboththenorthernclaimsandsouthern claimsthatmakeuptheScheffervillegoldproperty:

NorthernClaims

SouthernClaims

(Source:RocklandCorporatePresentation)

MultipleTargetZones
In1986Quebecgovernmentgeologists,followingupregionalgeochemicalanomalies,locatedanumber ofgossanzonesandlocalbandsofironformation,samplesfromwhichyieldedassaysof1g/tAuto19 g/tAu. Thisgoldwasgenerallyfoundwithinthesilicateironformationsandhybridmixturesofironformation andgneiss,associatedwitharsenopyrite. FollowingtheOptionAgreementwithWesternTroy,RocklandsScheffervillegoldpropertycoversallthe highlyprospectivegoldareasintheAshuanipidistrictandincludestheArsene,BaleneRouge,Lacdu Canoe,LacGuillaume,LacLilois,LacBoucault,andLacLaBordeshowings. Rocklandcarriedoutalimitedmapping,prospecting,andsamplingprogramoversomeofthesezonesin thesummerandresultsarepending.

PolymetallicGoldDeposits:NewEyesSeeNewPotential
RocklandsexplorationteamisledbyGeorgeSanders,P.GeoandDr.SergeChev,P.Geo. GeorgeisaUSbasedveterangeologistwithlotsofNevadaexperienceunderhisbelt.Heseessomekey similaritiesbetweenthestronggoldarsenicgeochemistryoftheCarlindepositsinNevada,andasimilar stronggoldarsenicassociation(inmuchdifferenthostrocks)intheScheffervillegoldarea. Inbothsettings,thegoldandarsenicareassociatedwithoneanotheronanatomicscale,inatruly disseminated"noseeum"typeofgoldmineralization,thatdidnotleavebehindanyplacerdeposit tracesuponsurfaceweathering.TheAshuanipigoldoccurrenceswerenotdiscovereduntilthe1980's, andonlybytheQubecgovernment'sveryprogressiveprogramoflakebottomgeochemicalsurveysin theregion. ThiswasalsotheCarlinstory,wherethe"noseeum"goldwasdiscoveredbyaccidentinthe1950's duringaregionalgeochemicalstudyofblackshalesintheGreatBasinbytheUSGS. ImmediatelyfollowingthediscoverybytheQubecgovernmentsurvey,therewasonlyasinglewaveof drillinginthelate1980sbyIronOreCompanyofCanadaandViorMazarim,ajointventurebetween Qubecjuniors. Theydiscoverednumeroussurfaceshowingsandinterceptedgoldinanumberofdrillholes,butthe goldpriceatthetimewasnothighenoughtowarrantfurtherexploration. Analysisoftheirdrilllogs,(onfileintheexcellentdatabaseofoldassessmentreportsmaintainedbythe Qubecgovernment),showspolymetallicmineralizationthatwasn'tevenconsideredintheirpublic reporting. Buttheywerefindinggoldatthewrongtime.

Inthe80scompanieswerepunishedinthemarketplaceiftheytoutedgoldinpolymetallicdeposits. Theywereconsideredtoocomplexmetallurgically. Themarketfavouredgoldonlycompanies,andthegeologistswerenotevenallowedtobringgold bearingpolymetallicprospectstomanagementofmanyoutfits. Jumpaheadto2010andpolymetallicgolddepositsaremuch,muchmorevaluable.Forexample, GoldcorpshugelysuccessfulPeasquitoopenpitpolymetallicmineprojectinMexico.BarrickGold Corpsfounder,PeterMunkrecentlystatedthatthefutureofgoldmininglikelyliesinmixedmetal mines...mostlargecompanieslookformixedmetalmines,wheregoldisapartofothermetalsand otherminerals. Dr.SergeChev,P.Geo,workedwiththeQuebecgovernmentinthe1990sevaluatingtheSchefferville goldarea.Heauthoredseveralconsultingreportsforprivatecompanies.Heisnowconsultingwith Rocklandandapplyinghisyearsofknowledgeonthisexplorationplay.

RocklandsGoldDiscoveryModel
Thegoldmineralizationisbelievedtobehostedinthin,Algomatypebandedironformationswhichare complexlyfoldedandmetamorphosedtothegranulitefacies. Rocklandbelievesthattheironrichunitstrappedgoldmineralizationmobilizedduring devolitalizationofsedimentaryrocks,deepwithintherootsofanorogeniczone,andthatthe Ashuanipiarsenicgoldoccurrenceswereformedbeneaththebrittleductilecrustaltransition,inthe rootzonesofanAbitibitypesystemaspostulatedbyE.M.CameronoftheGeologicalSurveyofCanada in1989. Rocklandwillfocusonthesemaficrocksandlookforremobilizationandconcentrationofgoldarsenic valuesintheircontactzonesandinlatershearzonescuttingfavourablehorizons. Rocklandhasanopenmindaboutthenatureofthisgoldoccurrenceandwillprospectforthebestzones usingstructuralgeologyandgroundgeophysics.Drillingwillbefocusedonfindingcontinuously mineralizedzones,regardlessoftheirgeometryorexplorationmodel,withagoodchanceofdeveloping economictonnagesattoday'sgoldprice.

TheBottomLine
TheRocklandMinerals(TSXV:RL)isarapidlyunfoldingone. ItacquireditsoptionontheScheffervilleGoldProjectonAugust26,2010. Thepropertyislocatedonthesametrendandhassimilargeologicshowingsconsistentwiththemassive Cadillac,MalarticandValdOrdepots.

Theprojecthasremainedlargelyunexploredfordecadesdespiteshowingalotofpotential.Itssamples havegradedbetween1g/tAuto19g/tAu. Recentdrillingin2009yieldedpositiveresultsincluding7.1mof5.5g/tAu. 2010drillingshouldstartsoon. Thecompanywithamarketcapoflessthan$3millionandinsidersown34%ofallsharesoutstanding. YoucanfollowRocklandMinerals(TSXV:RL)ongoingprogressatwww.rocklandminerals.ca. ShareStructure: Sharesoutstanding:16.2million Fullydilutedsharesoutstanding:25.4million InsiderOwnership5.5million(34%)

Management
Rocklandsprojectsareearlystageandthatmeansitisabsolutelycriticaltimeforthecompanytohave amanagementteamthathasbroadexperienceacrossthefieldsofexploration,financeandproject managementtosuccessfullyexecutethecompanysplans. Rocklandhasamassedateamofprofessionalswithdecadesofexperienceinallofthoseareas: GeorgeF.Sanders,P.GeoDirector,SeniorGeologistisamemberoftheAssociationof ProfessionalGeoscientistsandEngineersofBritishColumbiaandisaLicensedEngineering GeologistintheStateofWashington.HeworkedforsubsidiariesofGoldFieldsPLCduringthe 1980sinChileandNevada,andwasExplorationManagerforCanyonResourcesinArgentina from1993to1995.From2004to2008heoccupiedthepositionsofDirector,PresidentandCEO ofConsolidatedPacificBayMinerals,Ltd.,ajuniorminingcompanylistedontheTSXVenture Exchange,andledexplorationprogramsforuraniumandpreciousmetalsinQubecand Argentina.Mr.SandersobtainedhisBachelorofScienceinGeologicalEngineeringatthe ColoradoSchoolofMinesin1973andobtainedMastersofScienceinGeologyatthatsame schoolin1975.HeisactiveintheMiningandExplorationDivisionoftheSocietyforMining, MetallurgyandExploration(SME)andalsobelongstotheSocietyofEconomicGeologists(SEG) andtheAmericanAssociationofPetroleumGeologists(AAPG).GeorgewritestheArgentina AnnualReviewfortheMiningJournalofLondoneachyear. ErnestD.Black,P.Geo,P.Eng.,Sr.Advisorhasworkeddomesticallyandinternationallyin miningandoilandgasexplorationsince1954.Approximately40yearsofhiscareerhasbeen spentincorporatemanagement,consultingandprojectdevelopment.Mr.Blackisthefounder ofMPHConsultingLtd.inTorontoandMPHConsultingInc.inDenver,Colorado.Overtheyears, Mr.BlackhasservedasanOfficer,DirectororTechnicalAdvisorofseveralCanadianand Americancompaniesandcontinuestoactivelyconsultforclientsinthemineralindustry.His extensiveminingcareerstartedasageologistwithUSSteelCorpssubsidiary,QuebecCartier MiningCompany(1956to1963)andasaConsultantfrom1964to1970.Between1964and 1967Mr.BlackconsultedforWGMontheBaffinlandIrondepositsandHematiteLakeDeposits.

In1967,Mr.BlackalsoconsultedtoExpoIronMinesLtd.ontheMt.Laurierironoremine. Recently(2008)hisoriginalPepplerLakeandLamaleeIrondeposits(nowownedby ConsolidatedThompsonIronMinesLtd.)wereclassifiedashavingatotalindicatedresourceof 935milliontonnesat29.72%totalFe. RavMlait,MBAPresidentandCEO,Directorhasextensiveexperienceinmanagingand raisingcapitalforpublicandprivatecompanies.Mr.MlaitholdsanMBAfromRoyalRoads UniversityinBritishandhisBA(Economics)fromSimonFraserUniversityandhasworkedwith publiccompanieslistedontheTSXandTSXVentureexchange.HewasVicePresidentof BusinessDevelopmentwithTSXVenturelisted,PacificBayMineralsLtd.,exploringinArgentina, QuebecandBritishColumbia.Mr.MlaithasworkedwithTSXlistedjuniorgoldproducerand explorer,CusacGoldMinesLtd.,knowledgemanagementandCRMsoftwaredeveloper,Knexa SolutionsLtd.,andfinancialportal,StockhouseMediaCorporation. BryanLoreeBA,CMACFO,DirectorhasbeentheManagerofInvestorRelationsforSyntaris PowerInc.,aprivaterenewableenergycompanyfocusedonsmallhydroprojectsinBritish Columbia,Since2007.Mr.LoreehasbeentheBusinessDevelopmentOfficerofNechako MineralsCorp.,aprivateminingexplorationcompany,since2007andheistheAccountantata privateconstructioncompanyoperatingintheLowerMainland.Mr.LoreeholdsaCertified ManagementAccountantdesignation,aFinancialManagementDiplomafromtheBritish ColumbiaInstituteofTechnology,andaBAfromSimonFraserUniversity. KanwarHerr,BA,LLBDirectorhasbeenanassociatecounselatDhinsaLawOfficesince 2005,focusinghispracticeincorporatelawandcivillitigation.Mr.Herrhassignificant experienceinmanagingcorporateaffairsforprivatelanddevelopmentbusinessesacross Canadaandinternationally.Mr.HerrobtainedhisBachelorofArtsinEconomicsfromSimon FraserUniversityin2000andhisBachelorofLaws(Honors)fromtheUniversityof WolverhamptoninLondon,Englandin2002. BrianJohnstonDirectorisSeniorVicePresident,withHorizonsExchangeTradedFundsInc., aproviderofleveraged,inverseandactivelymanagedExchangeTradedFundsandisresponsible forbusinessdevelopmentinWesternCanadasince2004.Mr.Johnstonhasover10years experienceintheinvestmentindustry,manyofthosespentinassetmanagementand structuredproductsales.HestartedhiscareerasaninvestmentadvisorwithMerrillLynchand CIBCWoodGundy,advisinginvestorsandcorporationsinWesternCanada. ContactRocklandMinerals: 600999WestHastingsStreet Vancouver,BC,V6C2W2 6045517831 email:info@rocklandminerals.ca Sources: RocklandMineralswebsite NationalPost,August13,2010Findgoldinmixedmetalsmines,Munksays GoldcorpWebsitehttp://www.goldcorp.com/operations/penasquito/

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AboutTheBottomLineReport
TheBottomLineReportisaninvestornewsletterfocusingonCanadianpubliccompaniesinMining, EnergyandGreenmarketsectors.ThereporthighlightsspecificTSXandTSXVenturejuniorsandgives investorsinsightintospecificcorporateinitiativeswhilesheddinglightontherelevancetotheoverall industry.

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