For thousands of other reports visit RSC's Mineral Intellingence Map
Rockridge Resources Ltd.
Summary
| Project: | Knife Lake | |
|---|---|---|
| Deposit: | Knife Lake | |
| Location: | Canada | |
| Commodities: | Copper-Gold-Silver-Zinc-Cobalt | |
| Date: | 8/14/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-8-2019: Rockridge Resources Ltd. announces a Resource Estimation report for its Knife Lake deposit at the Knife Lake project. Initial mineral resource estimate for project. Vancouver, BC – Rockridge Resources Ltd. (TSX-V: ROCK) (OTCQB: RRRLF) (Frankfur | |
| Resources: | (Resource): 3.836Mt @ 1.02% CuEq (Ind.) and 7.902Mt @ 0.67% CuEq (Inf.) | |
| CP/QP: | [Resources]: Sue Bird (Moose Mountain Technical Services) | |
| ABSTRACT: | Vancouver, BC – Rockridge Resources Ltd. (TSX-V: ROCK) (OTCQB: RRRLF) (Frankfurt: RR0) (“Rockridge” or the “Company”) is pleased to announce the first NI 43-101 resource estimate for its flagship Knife Lake Project located in Saskatchewan, Canada (the “Knife Lake Project” or “Property”). Rockridge entered into an Option Agreement with Eagle Plains Resources Ltd. to acquire a 100% interest in the Property that covers the majority of the Knife Lake Cu-ZnAg-Co VMS deposit. The contiguous claims total 85,196 hectares and are located approximately 50 km northwest of Sandy Bay, Saskatchewan. A 357kV powerline runs within 16 km of the Knife Lake Deposit area, greatly enhancing the project’s infrastructure. Rockridge’s CEO, Grant Ewing, commented: “This first NI 43-101 resource estimate for the Knife Lake deposit represents an important milestone for the Company. The near surface resource serves as a great foundation for the project. The Company will now focus on expanding the resource by drilling off extensions to the known deposit and exploring for additional deposits in the immediate vicinity on the extensive Knife Lake landholding. The geologic setting of the Knife Lake district is similar to the world-class Flin Flon metals belt to the south, where numerous economic mines have been developed, implying high mineral potential for the underexplored Knife Lake property.” Rockridge’s President, Jordan Trimble, commented: “This initial NI 43-101 resource estimate is a significant milestone for the Company. With the shallow Knife Lake deposit as a remobilized portion of a presumably larger primary VMS deposit, we are excited to commence a regional summer field program to unlock further value at the project through additional discoveries. There have been several other notable developments in the region including an upcoming 100,000m drill program planned by Rockcliff Metals as well as Hudbay Mineral’s new discovery near the Lalor mine. With several mineral properties in our portfolio, we will continue to execute on our value creation strategy of going into overlooked but prospective projects in prolific mining jurisdictions and using modern exploration methodologies to test new ideas and make new discoveries.” | |
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