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Golden Ridge Resources Ltd.
Summary
| Project: | Hank | |
|---|---|---|
| Deposit: | Boiling Zone, Kaip Zone | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Lead-Zinc | |
| Date: | 10/15/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-10-2018: Golden Ridge Resources Ltd. announces an Exploration/Drilling Update report for its Boiling Zone, Kaip Zone deposit at the Hank project. Drilling results incl. 20.0m @ 11.63g/t Au, 13.84g/t Ag from 116.00m. GOLDEN RIDGE RESOURCES LTD. (TSX-V: | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Wade Barnes (Internal) | |
| ABSTRACT: | GOLDEN RIDGE RESOURCES LTD. (TSX-V: GLDN) ("Golden Ridge" or the "Company") is pleased to report the initial batch of assay results from the Boiling Zone (BZ) and Kaip Zone (KZ), located at the Company’s Hank Project in BC’s Golden Triangle District. HNK-18-010, drilled in the Boiling Zone, intersected 20.00 metres at 11.63 g/t Au and 13.8 g/t Ag including 2.85m at 67.27 g/t Au and 74.1 g/t Ag. HNK-18-004, drilled in the Kaip Zone, returned 168.60 metres at 0.27 g/t Au and 1.99 g/t Ag associated with altered and brecciated Stuhini volcanics (Figure 1). Assay results from HNK-18-010 represent the first of three holes drilled in the Boiling Zone. Assays from the other two BZ holes are pending and will be released immediately following receipt, review and QA/QC checks. The mineralization intersected in the Boiling Zone is unlike other zones on the Property. Gold and silver grades in HNK-18-010 are associated with a quartz-carbonate-pyrite vein stockwork which cuts altered Stuhini volcanic rocks. The Au-Ag grades in hole 10 are not associated with high Pb-Zn values as is typical of the Lower Alteration Zone (LAZ) on the Property. This new mineralization style has not been encountered before on the Hank property and signifies a new high grade gold discovery. Chris Paul, Vice President of Exploration for Golden Ridge, commented: “We are very pleased with the first batch of assay results received from the Boiling Zone. This new style of mineralization and high ratio of precious to base metals indicate a higher temperature zone within the overall epithermal system, which may be vectoring towards the core and potentially higher grades. We are excited at the contemplated step-out drilling program on the Boiling Zone in 2019 and the testing of extensions along strike and at depth.” | |
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