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Golden Ridge Resources Ltd V.GLDN

Alternate Symbol(s):  GORIF

Golden Ridge Resources Ltd. is a Canada-based exploration company engaged in acquiring and advancing mineral properties located in British Columbia and Newfoundland. The Company's projects include Hank Project and Williams Project. The Company owns a 100% interest in the approximately 1,700-hectare Hank copper-gold-silver-lead-zinc property located in the Golden Triangle district, approximately 140 kilometers (km) north of Stewart, British Columbia and has a portfolio of exploration projects in Newfoundland. The Company owns a 100% interest in the approximately 1,552-hectare Williams gold property, which is located approximately 45 km west of Gander, Newfoundland and Labrador.


TSXV:GLDN - Post by User

Comment by hashboy18on Apr 07, 2023 8:25am
160 Views
Post# 35384470

RE:RE:RE:RE:Low Float! Very Explosive and extremely tight.

RE:RE:RE:RE:Low Float! Very Explosive and extremely tight.GLDN had visible gold in Hole 22-014 and we did not know about it til assays were reported. In addition, the Feb 06 NR stated: "Drilling was successful, with most of the holes intersecting sulfide mineralization and alteration commonly associated with gold mineralization in the area." Albeit just a sentence in a NR without a photo, those descriptive words say a lot. Question is whether or the completed drill program will have assays that demonstrate something economic near surface. 29 drills of 100 to 200 meters each is more akin to recon work to gather info as opposed to targeting specific zones. It would be nice for a decent hit in the first pass but I will be patiently waiting for a follow up drill program that specificly targets where they think the gold has collected based on the information collected. In the meantime, accumulate on weakness and manage the cost basis. Value is there limiting downside risks but it remains to be seen if drilling can unlock the potential upside. Thats the game where we hope to win in the end. Admittedly, the long waiting time for assays do not help matters. Time is, afterall - my money! sell sell
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