news
Golden Ridge samples up to 5.29% Cu at Ball Creek
2020-01-08 08:26 ET - News Release
Mr. Mike Blady reports
GOLDEN RIDGE RESOURCES DISCOVERS NEW COPPER ZONE NEAR SCHAFT CREEK WITH GRAB SAMPLES UP TO 5.29% COPPER
Golden Ridge Resources Ltd. has sampled a newly discovered 4.5-kilometre-long copper-in-soil anomaly on its Ball Creek property, under option from Evrim Resources Corp., which extends west onto claims 100 per cent owned by Golden Ridge. To date, only 11 reconnaissance soil lines (276 total soil samples, 14 rock samples) have been completed and the anomaly remains open to the northwest. No historic work is recorded on the anomalous zone which was targeted in 2019 to test a colour anomaly lying just six kilometres southwest of Teck Resources/Copper Fox Metals' 1.8-billion-tonne Schaft Creek copper-molbydenum-gold-silver porphyry deposit and 30 kilometres northeast of Newmont Mining/Teck resources 800-million-tonne Galore creek Cu-Au-Ag deposit (1). Outcropping copper mineralization was discovered within the roughly 4.5-kilometre-by-1.5-kilometre northeast-southwest-trending corridor, with select grab samples assaying up to 5.29 per cent Cu.
Highlights
- About 4.5 km by 1.5 km zone of strong copper-in-soil;
- Six km from 1.8-billion-tonne Schaft Creek deposit (1);
- Rock samples up to 5.29 per cent Cu (five rock samples of over 0.5 per cent Cu) and soil sample results up to 7,170 parts per million Cu (11 soil samples of over 1,000 ppm Cu).
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 are selective by nature and may not represent the true grade or style of mineralization across the property.
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) Adjacent properties -- This news release contains information about adjacent properties on which Golden Ridge does not have the right to explore or mine. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the company's properties.
Quality assurance/quality control procedures
All soil samples were dried and sieved to minus 180 microns (80 mesh) at ALS Global's prep facility in Terrace, B.C. After preparation in Terrace, the prepared pulps were shipped to ALS Global's analytical laboratory in North Vancouver, B.C. All soil assays are determined by AuME-TL43 method. A 25-gram aliquot of the prepared pulp is cold digested with HNO3, then HCl is added and the sample is heated at 130 C for 40 minutes. Digestion is carried out in disposable plastic bottles to eliminate cross-contamination from digestion vessels and heated via graphite block for even heating. The resulting solution is analyzed via ICP-MS and ICP-AES and is corrected for interelement spectral interferences. Any samples with an assay that reports gold concentrations equal to or higher than 1.0 g/t Au are analyzed by an overrange method (Au-AROR43).
All rock samples were prepared by crushing the entire sample to 70 per cent passing minus two millimetres, riffle splitting off one kilogram and pulverizing the split to better than 85 per cent passing 75 microns. After preparation in Terrace, the prepared pulps were shipped to ALS Global's analytical laboratory in North Vancouver, B.C. The gold assays are determined by Au-AA26 fire assay method which reports results in parts per million (ppm) (equivalent to grams per tonne (g/t)). Any samples with a fire assay that report gold concentrations equal to or higher than 1.0 g/t Au are analyzed by screen metallic method (Au-SCR24). Base metal rock assays are first determined using the ME-MS41 method, which reports results as parts per million (ppm). All analyses that reach the overlimits of ME-MS41 are reanalyzed with an ore grade method.
All analytical results are verified with the application of industry standard quality control and quality assurance (QA/QC) procedures.
Qualified person
Dr. Gerald G. Carlson, PhD, PEng, technical adviser to the company, is the qualified person as defined by National Instrument 43-101 who has reviewed and approved the technical data in this news release.
About Golden Ridge Resources Ltd.
Golden Ridge is a TSX Venture Exchange-listed exploration company engaged in acquiring and advancing mineral properties located in British Columbia. Golden Ridge owns a 100-per-cent interest in the 1,700-hectare Hank copper-gold-silver-lead-zinc property located in the Golden Triangle district, approximately 140 kilometres north of Stewart, B.C. It also has an option to earn 80 per cent in the 52,442-hectare Ball Creek project which surrounds the Hank property.
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