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Golden Ridge Resources Announces Plans for 2019 Phase I Drilling Program at the Hank Project in BC'S Golden Triangle
(via TheNewswire) May 23, 2019 / TheNewswire / Kelowna, British Columbia - Golden R...
About this update from Golden Ridge Resources Ltd.
[{"type":"text","content":"Golden Ridge Resources Announces Plans for 2019 Phase I Drilling Program at the Hank Project in BC'S Golden Triangle(via TheNewswire)\n \n \nMay 23, 2019 / TheNewswire / Kelowna, British Columbia - Golden Ridge Resources Ltd. (TSX-V: GLDN) (\"Golden Ridge\" or the \"Company\") is pleased to announce the 2019 drill plans for its 100% owned Hank Project (\"Hank\" or the \"Property\"), located in BC's prolific Golden Triangle. The Company had a very successful 2018 campaign which included new drilling discoveries at the Williams Zone porphyry target (HNK-18-013 intersected 318.73m* of 0.42g/t Au, 0.34% Cu, and 2.20g/t Ag), and the Boiling Zone epithermal target (HNK-18-010 intersected 20.00m* of 11.63g/t Au and 13.8g/t Ag). Both zones remain open at depth and laterally, and the 2019 campaign will utilize a Zinex A5 heli-portable drill rig with drilling capabilities down to 1325m (NQ), which will allow the Company to test these zones at far greater depths then possible during the 2018 campaign. A 4,000m phase I program is planned to start the 2019 drilling campaign. Immediately following, the Company will initiate a Phase II program contingent on Phase I results. Due to light snowpack conditions in the Golden Triangle the Company will begin mobilization to the property in early June.\n\n\n \nA summary of the 2019 drill targets, is as follows:\n\n\n \nWilliams Zone Target\n\n\n \nThe Williams Zone porphyry target was originally discovered in 2017 by Company geologists following up on a coincident Cu-Au soil and airborne magnetic anomaly in a low-lying overburden covered area of the Property. HNK-18-001, the inaugural hole, intersected 327m* grading 0.31% Cu, 0.35g/t Au, and 1.94g/t Ag with follow up hole HNK-18-013 intersecting 318.73m* of 0.42g/t Au, 0.34% Cu and 2.20g/t Ag. Both holes ended in mineralization and were limited by the depth capabilities of the lightweight, heli-portable Hydracore 2000 drill rigs used during the 2018 drilling campaign. The 2019 drill program is aimed at testing the Williams Zone discovery at depth and to the northeast where it currently remains open.\n\n\n \nBoiling Zone Target\n\n\n \nThe Boiling Zone epithermal target represents a new drilling discovery made by the Company in 2018 with a highlight intercept of 20.00m* of 11.63g/t Au and 13.8g/t Ag in hole HNK-18-010. Prior to receiving analytical res...