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Golden Ridge Resources Ltd.
Summary
| Project: | Hank | |
|---|---|---|
| Deposit: | William Zone | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Lead-Zinc | |
| Date: | 8/14/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-8-2018: Golden Ridge Resources Ltd. announces an Exploration/Drilling Update report for its William Zone deposit at the Hank project. Drilling results incl. 327.0m @ 0.35g/t Au, 1.94g/t Ag, 0.31% Cu from 72.00m. Kelowna, British Columbia – August 14, 2 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Wade Barnes (Internal) | |
| ABSTRACT: | Kelowna, British Columbia – August 14, 2018 - Golden Ridge Resources Ltd. (“Golden Ridge” or the “Company”) (TSXV: GLDN) is very pleased to announce a new alkalic Cu-Au porphyry discovery at its Williams Zone prospect, located on the Company’s Hank project in BC’s golden triangle. HNK-18-001 intersected a broad interval of vein and disseminated Cu-Au-Ag mineralization, centered on a strongly potassic altered monzonite intrusion. The newly discovered alkalic porphyry system is characterized by bornite-chalcopyrite+/-digenite mineralized monzonite, intruding strong potassic altered intermediate to mafic Stuhini volcanics hosting veined chalcopyrite and minor bornite mineralization. The steeply dipping tabular monzonite intrusion has now been intersected in all four holes drilled in the Williams Zone, indicating a strike of at least 200 metres. The Hydracore 2000 drills currently being utilized on the Property have a maximum working depth of approximately 600 meters. The latest hole completed in the Williams Zone, HNK-18-007, ended in mineralized monzonite at 603.50 meters depth. Mineralization appears to increase at depth. The system remains open along strike in both directions and at depth. Assay results will be released as they are received. Photographs of mineralized intercepts from HNK-18- 001, for which assays have been received, as well as Williams Zone holes two and three (HNK-18-002 and HNK-18-005), for which assays are still pending, have been posted to the Company’s website. A drilling plan view map (Figure 1) and cross-section (Figure 2) are presented below and have also been posted to the Company’s website. | |
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