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Golden Ridge Intersects 86 Meters of 1.00 G/T Au Including 22 Meters of 1.58 g/t at the Williams Gold Property and Completes Phase II Drilling
(TheNewswire) Kelowna, British Columbia - TheNewswire - November 30, 2023 - Gol...
About this update from Golden Ridge Resources Ltd.
[{"type":"text","content":"Golden Ridge Intersects 86 Meters of 1.00 G/T Au Including 22 Meters of 1.58 g/t at the Williams Gold Property and Completes Phase II Drilling\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 November 30, 2023 -\n \n \n Golden Ridge Resources Ltd.\n \n \n (“Golden Ridge” or “the Company”)\n(TSXV:GLDN)\n \n is pleased to announce the completion of the 2023\nPhase II drilling campaign at the Williams Gold Property\n(“Williams” or “the Property”) within the Appleton and Dog Bay\nFault Corridors (Figure 1). Golden Ridge intersected in the first hole\nof the 2022 Phase II drilling campaign the largest gram meter\nintercept of 86 meters of 1.00 g/t Au on the Williams Property to\ndate.  The Property is surrounded by New Found Gold Corp (NFGC)’s\nQueensway Gold Property where NFGC is currently undertaking a 500,000\nmeter drill program (Figure 2).\n \n 1\n \n \n \n \n Highlights\n \n \n \n \n \n WIL-23-30 intersected 86 meters of 1.00 g/t Au from 63.00 meters;\nincluding 2.00 meters of 9.21 g/t Au from 81.00 meters (Table 1)\n \n \n \n \n Drilling focused on building off 2022 results and tested new\nprospective target areas.\n \n \n \n \n 41 holes were drilled for a total of 5,982 meters in the 2023 campaign\n(Figure 3)\n \n \n \n \n Mineralization was noted to be more pervasive and widespread than\nencountered in Phase I Drilling\n \n \n \n \n “Drilling 86 gram-meters Au in our first reported hole of Phase II\ndrilling is very exciting. The highlighted intercept in WIL-23-30\nrepresents our highest gram-meter interval to date at Williams.\nDrilling has now confirmed at least five distinct mineralized zones at\nWilliams all of which remain open along strike and at depth”, stated\nMike Blady, Director, CEO and President of Golden Ridge. “Observing\nthe increased alteration and veining drilled over 41 holes in Phase II\nstrongly suggests that we are vectoring towards the full potential of\nthe Property.”\n \n \n Phase II drilling was initially focused on WIL-22-12, which\nintersected a complex system of veins and veinlets grading 37.93\nmeters grading at 0.68 g/t Au. First identified during the 2022 maiden\ndrilling program this area is now known as the Cabin Zone...