Business
Golden Ridge Drills Mineralization From Surface at the Heritage Project; Hole HE-EZ-20-02 Intersects 305 metres of 21.2 G/T Ag and 0.3 G/T Au (0.6 G/T Aueq)
(TheNewswire) Point May, Newfoundland and Labrador – TheNewswire...
About this update from Golden Ridge Resources Ltd.
[{"type":"text","content":"Golden Ridge Drills Mineralization From Surface at the Heritage Project; Hole HE-EZ-20-02 Intersects 305 metres of 21.2 G/T Ag and 0.3 G/T Au (0.6 G/T Aueq)\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n Point May, Newfoundland and Labrador\n–\n \n \n TheNewswire -\n \n \n December 2, 2020 - Golden Ridge Resources\nLtd. (“Golden Ridge” or the “Company”) (TSXV:GLDN)\n \n is\npleased to announce initial results from the first two holes completed\nat the Eagle Zone, drilled as part of the Company’s ongoing 5,000\nmetre diamond-drill program at the Heritage epithermal Au/Ag project,\nlocated along Highway 220, near Point May, Newfoundland. Holes\n \n HE-EZ-20-01 and\n \n HE-EZ-20-02 intersected abundant\nepithermal quartz +/- calcite veining, hydrothermal breccias, ginguro\ntextures and strong epithermal alteration. Core photographs of hole\nHE-EZ-20-02 have been posted to the Company’s website. A drilling\nplan view map (Figure 1) and cross-section (Figure 2) are presented\nbelow and have also been posted to the website.\n \n \n \n \n \n Highlights\n \n \n \n \n \n \n --\n \n \n HE-EZ-20-02\n \n \n is\n \n \n the\n \n \n first\n \n \n hole\n \n \n ever\n \n \n to\n \n \n intersect\n \n \n broad\n \n \n intervals of\n \n \n gold\n \n \n and\n \n \n silver\n \n \n mineralization in\n \n \n the\n \n \n Burin\n \n \n Peninsula;\n \n \n suggesting\n \n \n that\n \n \n the\n \n \n Burin\n \n \n and\n \n \n its\n \n \n Avalon\n \n \n Terrain\n \n \n host rocks can potentially host significant\nbulk-tonnage precious-metal\n \n \n mineralization.\n \n \n \n \n \n \n \n --\n \n \n HE-EZ-20-02 was the first hole drilled at the Eagle\nZone targeting second-order NW-SE trending structures, as opposed to\npreviously targeted first-order NE-SW trending structures. Additional\ndrilling at the Eagle Zone will focus on these higher-order\nstructures.\n \n \n \n \n \n \n \n --\n \n \n Epithermal textures have been intersected\nin the first nine holes (HE-EZ-20-01 to HE-EZ-20-09) drilled at the\nEagle zone, which cover a strike length of 375\n \n \n metres.\n \n \n \n \n \n --\n \n \n Additional drilling at the Eagle Zone will further\ntest its dimensions along and perpendicular to strike, and at\ndepth.\n \n \n \n \n \n Table 1 – Significant\nIntercepts\n \n \n \n \n \n \n \n \n HOLE ID\n \n...