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Rockridge Resources Doubles Size of Landholding at its Raney Gold Project, SW of Timmins, Ontario
VANCOUVER, British Columbia, May 13, 2020 (GLOBE NEWSWIRE) -- Rockridge Resources Ltd. (TSX-V: ROCK) (OTCQB: RRRLF) (Frankfurt: RR0) (“Rockridge” or the “Compan
About this update from Trident Resources Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, May 13, 2020 (GLOBE NEWSWIRE) -- Rockridge Resources Ltd. (TSX-V: ROCK) (OTCQB: RRRLF) (Frankfurt: RR0) (“Rockridge” or the “Company”) announces that it has acquired additional claims through staking effectively doubling the size of its Raney Gold Project located southwest of Timmins, Ontario, Canada (the “Raney Gold Project” or “Property”). The expanded landholding adds important claims on trend with the extensive structural corridor that hosts the highlight intercept of 28.0 g/t gold over 6.0 metres announced previously (see the news release dated April 29, 2020). Raney Gold Project Location Map: The Raney Gold Project is located within the highly prospective west extension of the Abitibi Greenstone belt, proximal to several regional deposits. Newmont’s Borden Gold mine (reserves of 4.17 MT @ 6.38 g/t Au for ~860k oz. Au reported in 2015) is located 35 km west of Raney, and IAMGOLD’s Cote development project (measured and indicated resources of 355 MT @ 0.87 g/t Au for ~9.98 M oz. Au and inferred resources of 113 MT @ 0.7 g/t Au for ~2.4 M oz. Au) is located 75 km to the southeast of Raney. GFG Resources is a close neighbour that has acquired a large land package in the area including its Pen and Dore Gold Projects. Recent drilling success by GFG has resulted in attracting Alamos Gold as a strategic investor. Highlights: The Raney Gold Project is a large prospective gold property covering ~28 square kilometres located ~110 km southwest of the prolific gold district of Timmins, ON A recently completed drilling program entailed 2,070 metres in nine diamond drill holes; assay results from the first six holes were reported previously, and results for the remaining three holes are pending The program tested the mineralized gold system along a strike extent of 225 metres, with a highlight intercept of 28.0 g/t gold over 6.0 metres (uncut) at a shallow vertical level of 95 metres reported in hole RN 20-06 (see news release dated April 29, 2020) This newly discovered high-grade zone is 75 metres west of a historical drill hole that returned 6.5 g/t gold over 8.0 metres The expanded landholding covers the western extent of the structural corridor that hosts the mineralization, as well as contiguous claims to the north Gold mineralization is associated with broad intervals of higher concentrations of narrow...