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Rockridge Resources Receives Drill Permit and Prepares for Upcoming Minimum 3,000 Metre Diamond Drilling Program at its Raney High-Grade Gold Project Southwest of Timmins, Ontario
VANCOUVER, British Columbia, Aug. 20, 2020 (GLOBE NEWSWIRE) -- Rockridge Resources Ltd. (TSX-V: ROCK) (OTCQB: RRRLF) (Frankfurt: RR0) (“Rockridge” or the “Compa
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[{"type":"text","content":" VANCOUVER, British Columbia, Aug. 20, 2020 (GLOBE NEWSWIRE) -- Rockridge Resources Ltd. (TSX-V: ROCK) (OTCQB: RRRLF) (Frankfurt: RR0) (“Rockridge” or the “Company”) is pleased to announce that it plans to mobilize and commence an exploration drilling program at its Raney Gold Project located southwest of Timmins, Ontario, Canada (the “Raney Gold Project” or “Property”) in early September 2020. A permit for the program has been received providing for exploration activities including diamond drilling to be conducted over a three-year period. The results of the recently completed summer field program at the Raney Gold Project assisted in delineating and prioritizing drill targets over the extensive structural corridor that hosts the high-grade gold mineralization. A minimum 3,000 metre diamond drilling program is planned to test the strike and down plunge extent of the high-grade intercepts identified during the previous drill program. Raney Gold Project Location Map: http://www.rockridgeresourcesltd.com/_resources/maps/location_map_may2020a.jpg Highlights: The Raney Gold Project is a large prospective gold property covering ~2,800 hectares located ~110 km southwest of the prolific gold district of Timmins, Ontario Recent mineral staking to the west places the Raney Gold Project adjacent to Newmont Goldcorp’s Borden Gold Mine project A fully funded and permitted minimum 3,000 metre diamond drilling program (approximately 10 holes) is set to commence in early September 2020 A phase-one drilling program completed earlier in the year (2,070 metres in nine diamond drill holes) to assess the potential of the mineralized gold system returned a highlight intercept of 28.0 g/t gold over 6.0 metres (see news release dated April 29, 2020); primary drill targets in the current program will test the down-plunge extension of this and other high-grade intercepts The results of the drone magnetometer survey completed during the summer field program were particularly useful in identifying the surface projection of the Raney mineralization, which suggests strong continuity of the structural corridor to the east and west, and identifies other potential targets on the Property Gold mineralization is associated with broad intervals of higher concentrations of narrow quartz veins hosted in an extensive structural corridor that may extend over sev...