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Golden Ridge Resources Ltd.

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Summary

Project:

Hank

Deposit:Hank
Location:Canada
Commodities:Gold-Silver-Lead-Zinc
Date:1/8/2018
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:8-1-2018: Golden Ridge Resources Ltd. announces an Exploration/Drilling Update report for its Hank deposit at the Hank project. Drilling results incl. 58.00m @ 2.79g/t Au, 21.0g/t Ag, 0.00% Pb, 0.11% Zn from 132.00m. Kelowna, British Columbia – January 8,
Resources:x
CP/QP:[Overall Report]: C. Mark Rebagliati (Internal)
ABSTRACT:Kelowna, British Columbia – January 8, 2018 - Golden Ridge Resources Ltd. (“Golden Ridge” or the “Company”) (TSXV: GLDN). Golden Ridge is pleased to report the third and final batch of assay results from its 2017 drill program at the Hank Property (“Hank” or the “Property”) in northwestern British Columbia, Canada. Highlights include hole HNK-17-009, which returned 7.04 g/t AuEq over 21.62 meters within a broader intercept of 3.15 g/t AuEq over 58.00 meters within the newly discovered Kaip Zone. The mineralization in HNK-17-009 is hosted within and surrounding the contact of a buried altered intrusion (Figure 2). The strongest mineralization appears to be situated within the upper parts of the intrusion and targeting the Kaip zone will be a priority for the upcoming 2018 drill program. Digitizing is currently underway on a large historic IP/resistivity survey which covers the entire property. Once complete, new inversions will be run on the resistivity data and used as an aid in further targeting the mineralized intrusion in the upcoming 2018 drill program. Following the historic drilling on the Hank, a joint BCGS/MDRU research paper was completed which recognized that the Pb isotope signature of sulfides associated with gold mineralization matched that of the Bald Bluff porphyry, a large intrusive stock on the west end of the Property (Kaip, 1997). It is interpreted that the altered intrusive intersected in HNK-17-009 is related to the Bald Bluff Porphyry and likely represents one of several causative mineralizing intrusions on the Property. The 2018 drill program will further test that model with the aid of new geophysical resistivity data.

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