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Golden Ridge Resources Completes Maiden Drill Program on the Williams Gold Property
(TheNewswire) Kelowna, British Columbia – TheNewswire - February 6, 2023 - G...
About this update from Golden Ridge Resources Ltd.
[{"type":"text","content":"Golden Ridge Resources Completes Maiden Drill Program on 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 February 6, 2023 - Golden Ridge Resources\nLtd. (“Golden Ridge” or “the Company”) (TSXV:GLDN)\n \n is\npleased to announce the completion of the maiden 4,185m drill program\non the Williams Gold Property (“Williams” or “the Property”)\nwithin the Appleton and Dog Bay Fault Corridors. The Property is\nsurrounded by New Found Gold Corp (NFGC)’s Queensway South Gold\nProperty in the Central Newfoundland Gold Belt, where the inaugural\ndrill program of 7,254m was completed in 2022 (Figure 1, see New Found\nGold Corp. December 28, 2022 Press Release).\n \n 1\n \n Golden Ridge’s diamond drill\nprogram tested numerous robust gold anomalies, in soil and trenches,\nin the south and central portions of the Property. The drill program\nfollowed up two successful field seasons in 2020 and 2021, which\nincluded extensive prospecting, property-wide and focused infill soil\nsampling, and follow-up trenching.\n \n \n Golden Ridge is also pleased to announce the completion of the first\nlarge-scale geochemical program on its district-scale Heritage\nProperty, located within the Burin Epithermal Gold/Silver Belt.\n \n \n \n Williams Gold Property Maiden Drill\nProgram\n \n \n \n The maiden diamond drill program consisted of 4,185m over 29 drill\nholes.  Drill holes were predominantly in the 100m to 200m range, to\ntarget and test soil and bedrock anomalies, which included float\nsamples assaying up to 281 g/t Au and soil samples up to 1,503 ppb Au\n(Figure 2).  Drilling was successful, with most of the holes\nintersecting sulfide mineralization and alteration commonly associated\nwith gold mineralization in the area.  Golden Ridge had planned to\ncomplete 5,000m of drilling within 2022; however, with the onset of\nwinter conditions and contractor delays, the Company decided to\nutilize the remainder of the budget when conditions are more\nfavourable.\n \n \n \n Heritage Project Till Geochemistry\nProgram\n \n \n \n Golden Ridge completed a 973-sample basal till sampling program\nfocused on defining and broadening mineralized zones within the Poin...