(via TheNewswire)
Highlights:
- ~4.5km by 1.5km zone of strong copper-in-soil.
- 6km from 1.8 billion tonne Schaft Creek Deposit1.
- Rock samples up to 5.29% Cu (5 rock samples > 0.5% Cu) and soil sample results up to 7,170ppm Cu (11 soil samples >1000ppm Cu).
Table1- Hickman Zone Highlight Grab Samples*
-------------------------------------------------- |SAMPLE ID |SAMPLE TYPE |Cu (%)|Au (g/t)|Ag (g/t)| |------------------------------------------------| |HICK-CP-02|Outcrop Grab|5.29 |0.28 |6.29 | |------------------------------------------------| |S023217 |Float Grab |0.57 |0.03 |1.28 | |------------------------------------------------| |S023230 |Float Grab |1.45 |0.12 |6.01 | |------------------------------------------------| |S023231 |Outcrop Grab|0.59 |0.24 |1.99 | |------------------------------------------------| |G0750759 |Float Grab |2.48 |0.06 |4.04 | --------------------------------------------------
*Note: the reader is cautioned that rock grab samples and their respective photographs are selective by nature and may not represent the true grade or style of mineralization across the Property.
Photographs of the above highlight grab samples have been posted to
Click Image To View Full Size
The Company plans to follow-up on the new Hickman discovery with additional grid-based soil sampling as well as detailed mapping and prospecting with the aim of advancing the zone to a drill-ready stage.
1
QA/QC Procedures:
All soil samples were dried and sieved to -180 micron (80 mesh) at ALS Global's prep facility in
All rock samples were prepared by crushing the entire sample to 70% passing -2mm, riffle splitting off 1 kilogram and pulverizing the split to better than 85% passing 75 microns. After preparation in
All analytical results are verified with the application of industry standard Quality Control and Quality Assurance (QA-QC) procedures.
Qualified Person:
Dr.
About
Golden Ridge is a TSX-V listed exploration company engaged in acquiring and advancing mineral properties located in
Chief Executive Officer
Tel: (250) 768-1168
Website: www.goldenridgeresources.com
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including: that the Company's financial condition and development plans do not change as a result of unforeseen events, that the Company obtains required regulatory approvals, that the Company continues to maintain a good relationship with the local project communities. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, which could result in delays, or cessation in planned work, that the Company's financial condition and development plans change, delays in regulatory approval, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company's expectations, as well as the other risks and uncertainties applicable to mineral exploration and development activities and to the Company as set forth in the Company's Management's Discussion and Analysis reports filed under the Company's profile atwww.sedar.com. There can be no assurance that any forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. The Company undertakes no obligation to update forward-looking information or statements, other than as required by applicable law.
Neither the
Copyright (c) 2020 TheNewswire - All rights reserved.
Copyright (c) 2020 TheNewswire - All rights reserved., source