Roughrider Signs L.O.I. on Northern Vancouver Island's Empire Mine Property and Doubles Land Position

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[{"type":"text","content":"Roughrider Signs L.O.I. on Northern Vancouver Island's Empire Mine Property and Doubles Land PositionVANCOUVER, BC / ACCESSWIRE / June 24, 2020 / Roughrider Exploration Limited (TSXV:REL) (\"Roughrider\" or the \" Company\") is pleased to announce it has signed a Binding Letter of Intent (\"LOI\") with Mirva Properties Ltd (\"Mirva\") to option a 100% interest in its Empire Mine Property (the \"Property\") located on Northern Vancouver Island, B.C, approximately 28 kilometers (\"km\") southwest of Port McNeill, B.C. (see Figure 1).Empire Mine Property Acquisition HighlightsThe Property covers 22 mineral occurrences, including 3 past producing open pit and two underground past producing mines for magnetite, copper, gold, and silver.Significant previous drill intercepts including 2006 drillhole MW06-17 which returned 6.51 g/t gold and 1.41% copper over 50.32 m ¹ (see Table 1).Historical measured and indicated resource of 960,000 tonnes at 2.03 g/t gold, 5.64 g/t silver, 0.34% copper, 0.013% cobalt and 16.1% iron using a 0.50 g/t gold cut-off completed November 30, 2008 by Gary Giroux. The resource was noted as open to depth and no further work on the resource has been completed since 2008 ² ³.The Property was recently expanded from 7,114 hectares (\"ha\") to over 15,000 ha by Roughrider staking.6 km prospective strike length outlined by historical 2005-2008 geophysical work and drilling.The Property has excellent infrastructure and access due to logging, limestone quarrying and power generation operations in the area as well as easy access to ports at both Port McNeil and Port Alice.Roughrider's CEO, Adam Travis, comments: \"Based on our technical review and my personal field examination earlier this month, I am excited about the opportunity of rapidly advancing the multiple new and historic prospects on this exceptional property. I would like to commend the team at Mirva led by Denis Pelletier for consolidating the area over the last five years as well as continuing to acquire and compile the extensive historical data. Our preliminary review of this historical data already shows significant gold and copper with interesting cobalt and silver drill intercepts, a good initial resource calculation in 2008 with the resource open to depth, as well as numerous geological, geochemical and geophysical targets al...

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