For thousands of other reports visit RSC's Mineral Intellingence Map
Golden Ridge Resources Ltd.
Summary
| Project: | Hank | |
|---|---|---|
| Deposit: | William Zone | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Lead-Zinc | |
| Date: | 9/10/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-9-2018: Golden Ridge Resources Ltd. announces an Exploration/Drilling Update report for its William Zone deposit at the Hank project. Drilling results incl. 326.0m @ 0.36g/t Au, 1.92g/t Ag, 0.29% Cu from 148.00m. GOLDEN RIDGE RESOURCES LTD. (TSX-V: GLD | |
| 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 additional assays from the second and third holes drilled at the William’s Zone, located on the Company’s Hank Project in BC’s Golden Triangle District. HNK-18-005 intersected similar geology and mineralization to previously announced drill hole HNK-18-001, with 326 metres of potassic altered monzonite and Stuhini volcanic rocks grading 0.29% Cu, 0.36 g/t Au and 1.92 g/t Ag (Figure 2). HNK-18-002 intersected similar geology over 276.15 metres, grading 0.31% Cu, 0.24 g/t Au and 2.33 g/t Ag (Figure 3). The strongest grades in both holes occur to the east, adjacent to a north-northeast striking fault which appears to have dissected a portion of the higher grade mineralization. At surface east of the fault is shallow level intense phyllic alteration, which typically caps porphyry copper-gold systems similar to that at Williams. The current geological interpretation suggests that the rocks east of the fault have been offset downwards relative to the west side and that potential exists for additional high grade mineralization below the phyllic alteration east of the fault (See Figures 2 and 3). Additional IP lines are currently being surveyed and preliminary chargeability data support the interpretation of deeper mineralization in the eastern block. Once the IP work is completed, the final geophysical results will be published in a Company news release. Drilling to the northeast in HNK-18-013 has intersected visually strong mineralization within Stuhini Group volcanic rocks on the east (hanging wall) side of the monzonite. The north-northeast-striking fault is further separated from the north-striking monzonite to the north in HNK-18-013, which may allow for a greater width of strongly mineralized hanging wall to the north. The Williams porphyry mineralization remains open to the north and northeast along strike from HNK-18-013. Assays from these additional holes are pending and will be released immediately following receipt, review and QA/QC checks. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report