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Rockridge Resources Secures Option to Acquire 100% of the Knife Lake Copper VMS Project in Saskatchewan and Announces Financing
VANCOUVER, British Columbia, Nov. 01, 2018 (GLOBE NEWSWIRE) -- Rockridge Resources Ltd. (TSX-V: ROCK) (“Rockridge”) (the “Company”) has entered into an Option A
About this update from Trident Resources Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 01, 2018 (GLOBE NEWSWIRE) -- Rockridge Resources Ltd. (TSX-V: ROCK) (“Rockridge”) (the “Company”) has entered into an Option Agreement (the “Agreement”) with Eagle Plains Resources Ltd. (TSX-V: EPL) to acquire a 100% interest in a property that covers the majority of the historic Knife Lake Cu-Co-Zn-Ag VMS deposit. The contiguous claims total approximately 85,196 hectares and are located approximately 50 km northwest of Sandy Bay, Saskatchewan (the “Knife Lake Project” or “Property”). Knife Lake VMS Project Map:Click Here Highlights: The Knife Lake Project area is an advanced-stage copper, silver, zinc and cobalt exploration property in Saskatchewan that has had extensive exploration from the late 1960’s to the 1990’s with the last documented work program completed in 2001. Late in 1998, Leader Mining published a historical estimate of the shallow Knife Lake deposit, reporting a drill-indicated, historical resource of 20.3 million tonnes grading 0.6% Cu, 0.1 g/t Au, 3.0 g/t Ag, 0.06% Co and 0.11% Zn. Higher grade zone of 11.0 million tonnes grading 0.95% Cu within this historical estimate. Historical drill results include 1.37% Cu, 5.07 g/t Ag, 115 ppm Co, 1182 ppm Zn over 60.13 m beginning at a depth of 2.37 m in hole K-96-02 as well as 0.99% Cu, 4.73 g/t Ag, 103 ppm Co over 38.83 m beginning at a depth of 6.11 m in hole K-96-36. There is strong discovery potential in and around the deposit as well as at regional targets on the Property. The Company is planning for an initial diamond drill program in early 2019 with drill permits having been received; details of the drill program are forthcoming. Rockridge’s President and CEO, Jordan Trimble commented: “This is a significant milestone for Rockridge as we look to position the Company as a go-to copper and battery metal exploration and development company. The Knife Lake Project is located in a top mining jurisdiction, has seen extensive exploration and drilling, and boasts a near-surface historical resource which is open along strike and at depth. There is robust discovery potential in and around the deposit as well as on regional targets on the property. Worth noting is that most of the historic exploration was carried out in the 90’s and ceased due to low metal prices. Rockridge is planning for a winter drill program to commence ea...