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Golden Ridge Resources Ltd.
Summary
| Project: | Hank | |
|---|---|---|
| Deposit: | Hank | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 12/12/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-12-2017: Golden Ridge Resources Ltd. announces an Exploration/Drilling Update report for its Hank deposit at the Hank project. Drilling results incl. 54.19m @ 0.24g/t Au, 1.71g/t Ag from 193m. Kelowna, British Columbia – December 12, 2017 - Golden Ridg | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mark Rebagliati (Not Stated) | |
| ABSTRACT: | Kelowna, British Columbia – December 12, 2017 - Golden Ridge Resources Ltd. (“Golden Ridge” or the “Company”) (TSXV: GLDN). Golden Ridge is pleased to report the second batch of assay results from its 2017 drill program at the Hank Property (“Hank” or the “Property”) in northwestern British Columbia, Canada. HNK-17-008 returned 2.60 g/t AuEq over 60.27 meters, HNK-17-007 returned 1.05 g/t AuEq over 78.23m within a broader intercept of 0.73 g/t AuEq over 201.48 meters and HNK-17-006 returned 1.04 g/t AuEq over 60.95 meters with a broader intercept of 0.63 g/t AuEq over 210.31 meters. Holes 4-6 represent a 150-meter step-out along strike from holes 1 and 2 (previously reported on November 8, 2017), while holes 7 and 8 (results from 9 pending) represent a >1.1 km step-out. Although unknown at this time, cross-sections demonstrate the intercepts to be near to true widths, as correlations between holes show the mineralized shear zones to be roughly perpendicular to the hole directions. A single drill hole, HNK-17-003 was collared southwest of the 200/440 zone of the UAZ to test its down dip extension. The alteration, mineralization and veining present in the 200/440 zone was not intersected in HNK-17-003, however low-grade mineralization was encountered over several significant intercepts. It is interpreted the 200/440 zone plunges either vertically or to the east, which will be tested in 2018. In the LAZ, holes HNK-17-004 to HNK-17-008 have appreciable concentrations of lead and zinc associated with the gold and silver, whereas, gold and silver in HNK-17-003 from the UAZ does not have a base metal association. | |
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