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Golden Ridge Intersects 70.75 Meters of 1.05 g/t Au Including 16.45 Meters of 2.38 g/t at the Williams Gold Property
(TheNewswire) Kelowna, British Columbia – TheNewswire - January 29, 2024 - G...
About this update from Golden Ridge Resources Ltd.
[{"type":"text","content":"Golden Ridge Intersects 70.75 Meters of 1.05 g/t Au Including 16.45 Meters of 2.38 g/t at the Williams Gold Property\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Kelowna, British Columbia –\n \n \n TheNewswire -\n \n \n January 29, 2024 - Golden Ridge Resources\nLtd. (“Golden Ridge” or “the Company”) (TSXV:GLDN)\n \n is\npleased to announce new assay results from the 2023 Phase II drilling\ncampaign at the Williams Gold Property (“Williams” or “the\nProperty”) within the Appleton and Dog Bay Fault Corridors (Figure\n1). Golden Ridge has continued to generate encouraging results at the\nWilliams Gold Property with recent assays outlining large gram meter\nintercepts up to 70.75 meters grading 1.05 g/t Au. The Property is\nsurrounded by New Found Gold Corp (NFGC)’s Queensway Gold Property\nwhere NFGC is currently undertaking a 650,000 meter drill program\n(Figure 2).\n \n 1\n \n \n \n \n Highlights\n \n \n \n \n \n WIL-23-42 intersected 70.75 meters of 1.05 g/t Au from 43.00 meters;\nincluding 16.45 meters of 2.38 g/t Au from 70.40 meters (Table 1).\n \n \n \n \n WIL-23-37 intersected 22.35 meters of 1.45 g/t Au from 69.20 meters;\nincluding 6.50 meters of 2.61 g/t Au from 69.20 meters (Table 1).\n \n \n \n \n Drilling at the Williams continues to intersect robust network of\nAu-bearing veins, indicating a more pervasive and widespread\nmineralized system than encountered in Phase I drilling.\n \n \n \n \n Strike length along the Cabin Zone and Gray Jay Zone both increased by\n150m.\n \n \n \n \n “The Williams Gold Property continues to deliver multiple zones of\nbroad gold mineralization and alteration.  The 2023 drill program has\nincreased grades, width, strike length of both the Gray Jay Zone and\nCabin Zone Extension.  Assays continue to validate the more robust\nalteration and veining in the 41 holes of Phase II.  The Williams\nGold Property is an important piece in the Appleton Fault Corridor\nstory, and we will release remaining assays as they are received”\nstated Mike Blady, CEO and Director of Golden Ridge.\n \n \n Phase II drilling at the Williams Project was focused on the five\nmineralized zones as identified by earlier prospecting, soil and\ndrilling programs. These mineralized zones (Figure ...