Rockridges Resources TSXV:ROCK

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1 week 5 days ago #125374 by Gambler
Gambler replied the topic: Rockridges Resources TSXV:ROCK
Looks like we are going to get ROCKn
VANCOUVER, British Columbia, July 30, 2020 (GLOBE NEWSWIRE) -- Rockridge Resources Ltd. (TSX-V: ROCK)(OTCQB: RRRLF) (Frankfurt: RR0) (“Rockridge” or the “Company”) is pleased to announce that it plans to conduct a diamond drilling program at its Raney Gold Project located southwest of Timmins, Ontario, Canada (the “Raney Gold Project” or “Property”). The results of the recently completed summer field program will assist in delineating and prioritizing drill targets over the broad structural corridor that hosts the high-grade gold mineralization.

Raney Gold Project Location Map:
www.rockridgeresourcesltd.com/_resources...ion_map_may2020a.jpg

Highlights:

The Raney Gold Project is a large prospective gold property covering ~2,800 hectares located ~110 km southwest of the prolific gold district of Timmins, Ontario

A fully-funded, minimum 3,000 metre diamond drilling program (approximately 10 holes) is now planned in the coming weeks

A drilling program completed earlier in the year (2,070 metres in nine diamond drill holes) to assess the potential of the mineralized gold system returned a highlight intercept of 28.0 g/t gold over 6.0 metres (see news release dated April 29, 2020); a primary drill target will be the down-dip extension of the previously reported high-grade zone in previously reported hole RN 20-06

A recently completed summer field exploration program focused on delineating and prioritizing target areas along the broad gold bearing structural zone

Gold mineralization is associated with broad intervals of higher concentrations of narrow quartz veins hosted in an extensive structural corridor that may extend over several hundred metres, with no drilling completed over a large extent of this corridor; the mineralized structure is open along strike and at depth

Property has excellent access and infrastructure and is accessible by paved and forestry roads

Plan Map Showing Exploration Potential Along Extensive Structural Corridor:
www.rockridgeresourcesltd.com/_resources...ed-slides-ROCK-3.pdf

Diamond Drilling Program:

The gold mineralization at the Raney Gold Project is associated with local concentrations of narrow quartz veins that occur within a structural corridor. The structural corridor that hosts the mineralization is up to 125 metres wide and extends well beyond the small area tested by drilling. Historic mapping and surface sampling data show that the zone may extend over several kilometres along strike, with no drilling conducted along this corridor except for the ~225-metre-long main zone drill tested previously. A notable disruption in the airborne magnetic data approximately two kilometres west of the area where drilling has been concentrated and in line with the projected structural corridor provides a compelling target area.

A diamond drilling program of a minimum of 3,000 metres in approx. 10 diamond drill holes is planned to test priority targets along the prospective corridor. A primary drill target will be the down-dip extension of the previously reported high-grade zone in previously reported hole RN 20-06 which returned 28.0 g/t Au over 6.0 m from 125.0 m to 131.0 m. Furthermore, results from the recently completed summer field program, which consisted of a drone magnetometer survey, detailed prospecting and mapping, and a geochemical orientation survey will assist in delineating and prioritizing target areas for drill testing.

Cross Section of High-Grade Gold Mineralization in Hole RN 20-06:
www.rockridgeresourcesltd.com/_resources...section-20200730.jpg

Raney Gold Project Location:

The Raney Gold Project is located within the highly prospective west extension of the Abitibi Greenstone belt, proximal to several regional deposits. Newmont’s Borden Gold mine (reserves of 4.17 MT @ 6.38 g/t Au for ~860k oz. Au reported in 2015) is located 35 km west of Raney. IAMGOLD and JV partner Sumitomo Metals Mining recently made a decision to proceed with construction of their Cote gold project located 75 km southeast of Raney. The Cote project, estimated to contain gold reserves of ~7 million ounces (~236MT @ 0.96 g/t Au), is noted as a “world-class” deposit by IAMGOLD. GFG Resources is a close neighbour that has acquired a large land package in the area including its Pen and Dore Gold Projects.

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5 months 2 weeks ago #124664 by Gambler
Gambler replied the topic: Rockridges Resources TSXV:ROCK
Stock doing OK, is one of the few juniors up today

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5 months 2 weeks ago #124646 by GoldnBoy
GoldnBoy replied the topic: Rockridges Resources TSXV:ROCK
Here is the depth, I bought some more today. So ok if you go higher Alex

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5 months 2 weeks ago #124641 by alexgreat
alexgreat replied the topic: Rockridges Resources TSXV:ROCK
GB, do you have depth

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5 months 2 weeks ago #124636 by DearJohn
DearJohn replied the topic: Rockridges Resources TSXV:ROCK
Thanks Lynnsa, I bought a decent position. First results not far off

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5 months 2 weeks ago #124629 by Gambler
Gambler replied the topic: Rockridges Resources TSXV:ROCK
I am in. New video interview out today

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5 months 2 weeks ago #124628 by alexgreat
alexgreat replied the topic: Rockridges Resources TSXV:ROCK
I bought some and added more today. Odds look really good that they will hit on this drill program

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5 months 2 weeks ago #124627 by ron
ron replied the topic: Rockridges Resources TSXV:ROCK
Good idea lynnsa10,i'm in with a small position with 50,000 shares,no choice,i spent too much on zonte...lol...

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5 months 2 weeks ago #124626 by GoldnBoy
GoldnBoy replied the topic: Rockridges Resources TSXV:ROCK
Good idea to start a topic, I actually bought some today, good price here with the recent pull back

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5 months 2 weeks ago #124623 by lynnsa10
lynnsa10 created the topic: Rockridges Resources TSXV:ROCK
This is one of Ron's new picks that I bought a position in. The news release today of the drill program starting is a good summary.

Rockridge Commences Raney Gold Project Phase 1 Winter Drilling Program

VANCOUVER, British Columbia, Feb. 24, 2020 (GLOBE NEWSWIRE) -- Rockridge Resources Ltd. (TSX-V: ROCK)(OTCQB: RRRLF) (Frankfurt: RR0) (“Rockridge” or the “Company”) is pleased to announce that it has commenced an diamond drilling program at its Raney Gold Project located in Ontario, Canada (the “Raney Project” or “Property”). Approximately 2,000 metres in 7 to 10 drill holes are planned in phase 1 of the fully funded program.

Raney Gold Project Location Map:
www.rockridgeresourcesltd.com/_resources...cation_map_raney.pdf

Highlights:

The Raney Project is a prospective gold property located ~110 km southwest of the prolific gold district of Timmins, ON
Limited historical exploration campaigns have outlined a +400 metre long zone where gold mineralization is associated with intensely sheared and altered rocks
~2,000 metre phase 1 drilling program commenced that will entail 7 to 10 holes, and focus on testing the expansion potential of a historic drill intercept that returned 6.5 g/t gold over 8 metres
Testing new geological model that shows improved continuity of mineralized zones and expanded strike and dip potential
Excellent potential to discover additional gold-bearing structures and expand known zones
The last exploration activities occurred ~10 years ago when gold prices were ~US$900/oz.
Property has excellent access and infrastructure; accessible by paved and forestry roads
Newmont’s newest gold mine (Borden) located ~35km west and IAMGOLD’s Cote development project is ~75km southeast

Planned Drill Program Summary:

Historical drilling at the Raney Gold Project focused on identifying near-surface gold mineralization along an extensive alteration zone. Three sub-parallel and closely spaced mineralized zones of quartz carbonate alteration with quartz veining, pyrite, pyrrhotite, and occasionally visible gold have been outlined. The drilling to date suggests the possibility of steeply plunging shoots of mineralization with reasonable widths open along strike.

A compilation and interpretation of historic data has resulted in the development of a new geologic model for the Raney Project. This new model indicates that the mineralized zones may have a steep south dip orientation versus the historical model which showed a steep north dip. Continuity between the mineralized zones correlate better along strike and down dip with the new model. The strike potential of the mineralized zones may be expanded as some of the historic exploration drill holes would have missed the target zone with the new geologic model.

The planned phase 1 exploration drilling program has commenced and will entail approximately 2,000 metres in 7 to 10 holes. The initial drill holes will target the zone that produced the best historic intercept of 6.5 g/t gold over 8 metres. This zone occurs below the 100 metre level and is open for expansion. The drilling program is expected to take approximately sixty days to complete. Updates from the program will be provided as the drilling progresses.

Raney Gold Project Geology and History:

Rockridge holds an option to earn a 100% interest in the Raney Gold Project. The Raney Project is in the Archean Swayze Greenstone Belt, thought to be the southeast extension of the Abitibi Greenstone belt, which hosts the world-class Timmins and Kirkland Lake gold districts.

Numerous gold occurrences occur throughout the district and several world-class mines have been developed. These deposits are responsible for a significant portion of the world’s cumulative gold production and are often characterized by gold enriched quartz vein systems associated with supracrustal belts in low to medium grade metamorphic terranes. Gold mineralization at the Property is typical of the mesothermal lode gold deposit model.

Previous exploration on the Property from 1972 to 1991 consisted of prospecting, mapping, sampling, trenching, winkie drilling, ground geophysics, stripping, and some limited diamond drilling. This was followed by exploration work during the 2009 to 2010 period when the best intercept returned was 6.5 g/t gold over 8.0 metres.

The presence of a gold system on the Raney Gold Project indicates that the remainder of the project should be explored for additional gold structures. The property is underlain by mafic volcanics to the north, and felsic to intermediate volcaniclastics to the south. The felsic volcaniclastics are host to the gold zones. Quartz feldspar porphyry dykes and sills and minor mafic intrusives occur throughout the Property. The porphyries are generally massive but may be sheared and hydrothermally altered and veined in places.

A 100 metre-wide intensely sheared and altered quartz feldspar porphyry body is located just to the south of the main Raney gold showing. Gold mineralization exposed on surface and intersected in drill holes on the property is typical of the lode gold class of gold deposit which is the dominant gold deposit type in the Abitibi Greenstone Belt. Gold mineralization on the property is associated with the intensely sheared and altered zones within the felsic tuffs, and higher grades tend to occur where quartz veining is present.
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