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Golden Ridge Resources Drills 7.42 Metres of 4.94g/t Au and 48.44g/t Ag (468.31g/t AgEq) at the Heritage Project, Newfoundland and Labrador
(TheNewswire) Kelowna, British Columbia – TheNewswire - Februa...
About this update from Golden Ridge Resources Ltd.
[{"type":"text","content":"Golden Ridge Resources Drills 7.42 Metres of 4.94g/t Au and 48.44g/t Ag (468.31g/t AgEq) at the 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 February 10, 2021 - Golden Ridge Resources\nLtd. (“Golden Ridge” or the “Company”) (TSXV:GLDN)\n \n \n (OTC:GORIF)\n \n is pleased\nto announce results from holes HE-EZ-20-07 to HE-EZ-20-09 drilled at\nthe Eagle Zone, as part of the Company’s recently completed 5,182\nmeter diamond-drill program at the Heritage epithermal Au-Ag project\n(“\n \n Heritage\n \n ” or the\n“\n \n Property\n \n ”), located along\nHighway 220, near Point May, Newfoundland and Labrador. All three\nholes hit significant intersections of epithermal veining, alteration,\nginguro textures and Au-Ag mineralization. Notably, hole HE-EZ-20-07\nis one of the deepest holes drilled on the Property to date and was\ntargeted to test the downdip intersection of the sub-vertically\ndipping high-grade zone intersected in holes HE-EZ-20-04 and\nHE-EZ-20-06 (see news release dated January 19\n \n th\n \n , 2021). HE-EZ-20-07\nsuccessfully extended this zone at depth and intersected the\nhighest-grade interval of the campaign to date returning 7.42m of\n4.94g/t Au and 48.44g/t Ag (468.31g/t AgEq). The zone remains open at\ndepth and along strike.\n \n \n \n Highlights\n \n \n \n \n \n \n --\n \n \n Ongoing drilling from the Eagle Zone\ncontinue to increase its dimensions which currently covers at least\n750m in strike length, 50m in width and 250m in depth, representing a\nlarge, robust and open Au-Ag epithermal system.\n \n \n \n \n \n \n --\n \n \n Hole HE-EZ-20-07, which intersected 7.42m\nof 4.94g/t Au and 48.44g/t Ag (468.31g/t AgEq) is one of the deepest\nholes drilled on the Property to date and strongly suggests that\ngrades increase with depth.\n \n \n \n \n \n \n --\n \n \n Historical drilling within the northern\npart of the Eagle Zone focused on shallow depths (historic drilling\ngenerally focused on depths of less than ~100m), and the down dip\nextension of the high-grade zone encountered in HE-EZ-20-07 was\nfurther tested in holes HE-EZ-20-16 to HE-EZ-20-21 (assays\npending).\n \n \n \n \n \n \n --\n \n \n Holes HE-EZ-20-08 and HE-EZ-20-09 continu...