Business
Golden Ridge Drills 291 Meters of 0.66 g/t AuEq in the Ball Creek Main Zone
(via TheNewswire) TheNewswire - November 20, 2019 - Golden Ridge Resources Ltd....
About this update from Golden Ridge Resources Ltd.
[{"type":"text","content":"Golden Ridge Drills 291 Meters of 0.66 g/t AuEq in the Ball Creek Main Zone(via TheNewswire)\n \n \nTheNewswire - November 20, 2019 - Golden Ridge Resources Ltd. (TSXV:GLDN) (\"Golden Ridge\" or the \"Company\") is pleased to report assay results for the remaining drill holes on its Ball Creek Project (\"Ball Creek\" or the \"Property\") located in BC's Golden Triangle. MZ-19-01, drilled as a southwest step-out from 2012 drill holes BC-12-48 and BC-12-54, intersected 291.5 meters of 0.48 g/t Au, 0.14% Cu and 0.95 g/t Ag (0.66 g/t AuEq1). MZ-19-01 collared in a gold-rich cap which blankets the Property's Main Zone was highlighted by strongly quartz-sericite-pyrite (QSP) altered volcanic rocks at surface. Below 114 meters, the hole grades into moderate to strongly potassic-altered volcanics with copper grades increasing at depth.\n\n\n \nTable 1 - Main Zone Drill Hole Significant Intersections\n\n \n\nLength (m)\nDip (deg)\n\n\n\n\nHole ID\n\n\n\n\nFrom (m)\n\n\n\n\nTo (m)\n\n\n\n\nInterval (m)2\n\n\n\n\nAu (g/t)\n\n\n\n\nCu (%)\n\n\n\n\nAg (g/t)\n\n\n\n\nAuEq1 (g/t)\n\n\n\n\n393.00\n-80o\n\n\n\n\nMZ-19-01\n\n\n\n\n15.5\n\n\n\n\n307.0\n\n\n\n\n291.5\n\n\n\n\n0.48\n\n\n\n\n0.139\n\n\n\n\n0.95\n\n\n\n\n0.660\n\n\n\n\nincluding\n\n\n\n\n165.0\n\n\n\n\n307.0\n\n\n\n\n142.0\n\n\n\n\n0.52\n\n\n\n\n0.202\n\n\n\n\n1.30\n\n\n\n\n0.780\n\n\n\n\nand\n\n\n\n\n174.0\n\n\n\n\n213.0\n\n\n\n\n39.0\n\n\n\n\n0.568\n\n\n\n\n0.255\n\n\n\n\n1.40\n\n\n\n\n0.890\n\n\n\n \n1Gold equivalent (AuEq) grades are calculated using metal prices of: gold US$1475/oz., silver US$17.15/oz., copper US$2.65/lb. Gold equivalent grade is calculated as AuEq (g/t) = Au (g/t) + Ag (g/t) * 0.012 + Cu (%) * 1.232. The factors for silver (0.012) and copper (1.232) will change depending on the metal price. The metal price numbers listed above were used to determine the conversion factors presented herein. Metal recoveries have not been applied in the gold equivalent calculation.\n\n\n \n2The intervals reported in these tables represent drill intercepts and insufficient data are available at this time to state the true thickness of the mineralized intervals. All gold values are uncut.\n\n\n \nGZ-19-01 is the first hole drilled at the Property's Goat Zone, which is represented by a coincident Cu-Mo-Au-Ag-Pb-Zn geochemical anomaly and strongly altered, gossanous outcrops at surfa...