Business
Golden Ridge Resources Completes Airborne Geophysical Survey and Mobilizes Drilling Crews to Its Heritage Project, Newfoundland and Labrador
(TheNewswire) Kelowna, British Columbia - TheNewswire - September ...
About this update from Golden Ridge Resources Ltd.
[{"type":"text","content":"Golden Ridge Resources Completes Airborne Geophysical Survey and Mobilizes Drilling Crews to Its Heritage Project, Newfoundland and Labrador\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Kelowna, British Columbia -\n \n \n TheNewswire\n \n \n - September\n \n \n 29, 2020 - Golden Ridge Resources Ltd.\n(\"Golden Ridge\" or the \"Company\") (TSXV:GLDN)\n \n is pleased to announce the completion of a property-wide\nhigh-resolution airborne magnetic survey completed at its Heritage\nepithermal Au-Ag project (the \"Heritage Project\"), located\non the Burin peninsula near Point May, Newfoundland and Labrador. The\nsurvey provided high-resolution magnetics coverage over its Heritage,\nEagle's Talon and Eagle's Claw projects.\n \n \n Drilling is expected to commence this week, with the initial holes to\nbe drilled at the Eagle zone. This will be the largest drill program\nconducted to date on the Heritage Project. The Company will also be\nreviewing historic core for additional assaying as only select\nintervals over the previous years have been sent for analysis.\n \n \n \n Highlights of the Airborne\nGeophysical Survey\n \n \n \n - A total of 2,286-line kilometers were flown\n \n \n - High resolution 75m line spacing was flown over known mineral\noccurrences which will greatly aid the Company as it prepares for its\nmaiden drill program and field programs.\n \n \n - Processing of data and inversions currently underway with final\nresults expected forthwith\n \n \n - The survey represents the first ever airborne geophysical survey\ncompleted on the Heritage Project and will greatly aid the Company's\nexploration efforts moving forward.\n \n \n \n Drill Plan Highlights\n \n \n \n - Drilling on the Heritage Project will initially focus on the Eagle\nzone which is currently the most robust and well defined epithermal\nsystem discovered on the property.\n \n \n - Initial drilling will target lateral and at depth extensions on the\nEagle zone to continue to define and confirm structural control on\nhigh grade Au-Ag mineralization.\n \n \n - The Eagle zone currently extends for 750m along strike and\napproximately 50m in width. Drilling has been confined to\napproximately 100m of true vertical depth. The Eagle zone is currently\nopen to the north and south and at depth.\n \n \n \n Qualified Person:\n \n \n \n Dr. Gerald G. Carlson, PhD, P...