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Golden Ridge Resources Drills 60.27 Metres of 2.60 g/t Gold Equivalent at Hank Project
KELOWNA, British Columbia , Dec. 12, 2017 (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 , Dec. 12, 2017 (GLOBE NEWSWIRE) -- Golden Ridge Resources Ltd. (“Golden Ridge” or the “Company”) (TSXV:GLDN). Golden Ridge is pleased to report the second batch of assay results from its 2017 drill program at the Hank Property (“Hank” or the “Property”) in northwestern British Columbia, Canada. HNK-17-008 returned 2.60 g/t AuEq over 60.27 meters, HNK-17-007 returned 1.05 g/t AuEq over 78.23m within a broader intercept of 0.73 g/t AuEq over 201.48 meters and HNK-17-006 returned 1.04 g/t AuEq over 60.95 meters with a broader intercept of 0.63 g/t AuEq over 210.31 meters. Holes 4-6 represent a 150-meter step-out along strike from holes 1 and 2 (previously reported on November 8, 2017), while holes 7 and 8 (results from 9 pending) represent a >1.1 km step-out. Although unknown at this time, cross-sections demonstrate the intercepts to be near to true widths, as correlations between holes show the mineralized shear zones to be roughly perpendicular to the hole directions. Drilling Highlights: Consistent grade and continuous shear zone hosted mineralization between holes. Mineralization has now been intersected over a 1.1 km strike length in the Lower Alteration Zone (“LAZ”). Coarse visible gold observed in HNK-17-008 (111.07–111.87m, 133 g/t Au) Significant Au-Ag-Pb-Zn grades surround the high-grade veins, resulting in long mineralized intercepts in each hole. Although unknown at this time, cross-sections suggest the intervals reported to be near true widths. Assays are pending for HNK-17-009 where a newly discovered mineralized intrusion was intersected, with strongly altered volcanic rock along its contact, potentially representing a causative intrusion for the LAZ mineralization. Analytical results for the LAZ demonstrate that the grades increase toward its hanging wall contact, as opposed to the Upper Alteration Zone (UAZ) where the strongest grades occur at the footwall contact. Table 1 - Hank 2017 LAZ Drill Holes HNK-17-004 – HNK-17-008: Significant Intercepts Hole Length (m) Hole ID From (m) To (m) Interval (m) AuEq* (g/t) Au (g/t) Ag (g/t) Pb (%) Zn (%) AuEq x Interval (gm/t) 235.00 HNK-17-004 94.79 168.27 73.48 0.52 0.28 5.8 0.08 0.17 38 incl. 116.50 117.00 0.50 10.60 1.53 58.5 3.22 9.35 263.35 HNK-17-005 96.00 261.00 165.00 0.47 0.28 4.0 0.06 0.15 78 incl. 130.00 154.00 24.00 0.76 ...