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Rockridge to Mobilize and Commence Diamond Drill Program at its Raney Gold Project in February 2020
VANCOUVER, British Columbia, Jan. 13, 2020 (GLOBE NEWSWIRE) -- Rockridge Resources Ltd. (TSX-V: ROCK) (OTCQB: RRRLF) (Frankfurt: RR0) (“Rockridge” or the “Compa
About this update from Trident Resources Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Jan. 13, 2020 (GLOBE NEWSWIRE) -- Rockridge Resources Ltd. (TSX-V: ROCK) (OTCQB: RRRLF) (Frankfurt: RR0) (“Rockridge” or the “Company”) is pleased to announce that it intends to mobilize and commence an exploration drill program at its Raney Gold Project located in Ontario, Canada (the “Project” or “Property”) in February 2020. An exploration permit for the program was received late last year, providing for exploration activities including geophysical surveys and diamond drilling to be conducted over a 3-year period. Rockridge plans to finalize terms with its selected drill contractor within the next week and will then commence the process of mobilizing for the upcoming program. Raney Gold Project Location Map:http://www.rockridgeresourcesltd.com/_resources/maps/location_map_raney.pdf Highlights: The Raney Project is a prospective gold property located ~110 km southwest of the prolific gold district of Timmins, ON Limited historical exploration campaigns conducted on the Property; the last exploration activities occurred ~10 years ago when gold prices were ~US$900/oz. Rockridge’s technical team has developed a new geological model suggesting that the mineralized zones may have a steep south dip orientation versus the historical model which showed a steep north dip This new geologic model shows improved continuity of mineralized zones and potential for expanded strike and dip potential Following up on historical drill results with best intercept consisting of 6.5 g/t gold over 8m which is open for expansion 2,000 to 2,500 metre initial drill program to commence in February 2020; potential to discover additional gold bearing structures and expand known zones Property has excellent access and infrastructure; accessible by paved and forestry roads Newmont’s newest gold mine (Borden) located ~35km west and IAMGOLD’s Cote development project is ~75km southeast Planned Drill Program Summary: Historical drilling at the Raney Gold Project focused on identifying near surface gold mineralization along an extensive alteration zone. Three sub-parallel and closely spaced mineralized zones of quartz carbonate alteration with quartz veining, pyrite, pyrrhotite and occasionally visible gold have been outlined. The drilling to date suggests the possibility of steeply pl...