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Golden Ridge Resources Drills 21.62m of 7.04 g/t AuEq at Hank Project in BC’s Golden Triangle
KELOWNA, British Columbia, Jan. 08, 2018 (GLOBE NEWSWIRE) -- Golden Ridge Resources Ltd. (“Golden Ridge” or the “Company”) (TSXV:GLDN). Golden Ridge is pleased
About this update from Golden Ridge Resources Ltd.
[{"type":"text","content":"KELOWNA, British Columbia, Jan. 08, 2018 (GLOBE NEWSWIRE) -- Golden Ridge Resources Ltd. (“Golden Ridge” or the “Company”) (TSXV:GLDN). Golden Ridge is pleased to report the third and final batch of assay results from its 2017 drill program at the Hank Property (“Hank” or the “Property”) in northwestern British Columbia, Canada. Highlights include hole HNK-17-009, which returned 7.04 g/t AuEq over 21.62 meters within a broader intercept of 3.15 g/t AuEq over 58.00 meters within the newly discovered Kaip Zone. The mineralization in HNK-17-009 is hosted within and surrounding the contact of a buried altered intrusion (Figure 2). The strongest mineralization appears to be situated within the upper parts of the intrusion and targeting the Kaip zone will be a priority for the upcoming 2018 drill program. Table 1 - Hank 2017 LAZ Drill Holes HNK-17-009 – HNK-17-014: Significant Intercepts Length (m) Hole ID From (m) To (m) Interval* (m) AuEq** (g/t) Au (g/t) Ag (g/t) Pb (%) Zn (%) 291.39 HNK-17-009 15.64 72.00 56.36 0.25 0.16 1.3 0.04 0.08 AND 132.00 190.00 58.00 3.15 2.79 21.0 0.00 0.11 incl. 133.74 155.36 21.62 7.04 6.26 52.1 0.00 0.11 AND 218.60 233.48 14.88 0.27 0.19 0.8 0.00 0.09 233.78 HNK-17-010 4.77 116.00 111.23 0.52 0.34 1.8 0.03 0.20 322.17 HNK-17-011 6.95 108.00 101.05 0.32 0.20 1.0 0.02 0.13 AND 230.73 305.19 74.46 0.18 0.05 0.7 0.03 0.15 203.30 HNK-17-012 5.35 160.63 155.28 0.31 0.20 1.1 0.01 0.13 383.13 HNK-17-013 95.86 104.48 8.62 0.37 0.10 2.4 0.15 0.23 AND 188.06 209.40 21.34 0.18 0.07 0.3 0.00 0.15 AND 328.27 367.89 39.62 0.21 0.15 1.0 0.02 0.05 185.02 HNK-17-014 121.01 183.00 61.99 0.52 0.28 2.2 0.03 0.28 *The intervals reported in this table represent drill intercepts and insufficient data is available at this time to state the true thickness of the mineralized intervals and all gold values are uncut.**Gold equivalent (AuEq) grades are calculated using 200 day moving average metal prices of: gold US$1268/oz., silver US$17.10/oz., lead US$1.04/lb and zinc US$1.28/lb. Gold equivalent grade is calculated as AuEq (g/t) = Au (g/t) + Ag (g/t) * 0.013 + Pb (%) * 0.562 + Zn (%) * 0.692. The factors for silver (0.013), lead (0.562) and zinc (0.692) will change depending on the metal price. The metal price numbers listed above were used to determine the conversion factors presented herein. Metal recoveries h...