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Golden Ridge Resources Outlines Widespread Soil Anomaly
(via TheNewswire) Kelowna, British Columbia - TheNewswire - December 18, 2019 -...
About this update from Golden Ridge Resources Ltd.
[{"type":"text","content":"Golden Ridge Resources Outlines Widespread Soil Anomaly(via TheNewswire)\n \n \nKelowna, British Columbia - TheNewswire - December 18, 2019 - Golden Ridge Resources Ltd. (\"Golden Ridge\" or the \"Company\") (TSXV: GLDN) is pleased to report positive soil geochemical results from the Main, Cliff, Goat and ME Zones on its Ball Creek Property (\"Ball Creek\" or the \"Property\"), located in BC's Golden Triangle District. The results are highlighted by a Cu-Mo-Au-Ag-Pb-Zn anomaly which extends for approximately 5km in north-south distance and remains open on several sides.\n\n\n \nPlan view maps of the soil results can be viewed at http://goldenridgeresources.com/projects/maps-dec2019/ \n\n\n \nHighlights:\n\n\n \n- 5 km long multi-element soil anomaly spanning the Main, Cliff, Goat and ME Zones.\n\n\n \n- Results from the ME Zone define a roughly 1500m x 500m N-S trending area (open to the east) of extremely anomalous Cu-Au-Ag-Mo with individual soils as high as 2,900ppm Cu, 3.21g/t Au, 36.5g/t Ag, and 760ppm Mo.\n\n\n \n- Several new targets have been generated for ground truthing and drill testing during the 2020 exploration season. \n\n \n \n\n\n\nClick Image To View Full Size\n\n\n\n \n \nME Zone\n\n\n \nA very high tenor anomaly was identified below treeline at the ME Zone, which has limited exposure and therefore lacks previous investigation. The new anomaly is extremely encouraging with 11 soils >0.5g/t Au up to 3.2g/t Au, 28 soils >5g/t Ag up to 36.5g/t Ag, 42 samples >500ppm Cu up to 2,900ppm Cu and 50 samples >50ppm Mo up to 760ppm Mo. Analysis of the results indicate both epithermal and porphyry style geochemical signatures. Limited historic mapping identified Early Jurassic, Texas Creek Suite intrusions, which host mineralization on other properties in the Golden Triangle including at KSM, Red Mountain, Valley of the Kings, Premier, Spectrum and Snip1. \n\n\n \nNext Steps\n\n\n \nOutcrop exposure in the ME is limited by thick coastal underbrush. The Company plans to follow-up on the new anomaly with several lines of IP, to define potential zones of mineralization below surface. Additional sampling will also be carried out to extend the 2019 soil lines, which remain open. This work will be conducted to support the Company's objective of further diamond drilling in the 2020 field season. \n\n\n \nAdditional R...