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Antler Gold to raise $3M for exploration in Namibia
  • Rockridge Resources (ROCK) has begun a diamond drill program at its high-grade Raney Gold Project southwest of Timmins, Ontario
  • The company intends to drill a minimum of 3,000 metres across 11 holes, which will range in depth from 200 metres to 350 metres
  • Drilling has been designed to test the along-strike and down-plunge extent of mineralisation that was identified in previous programs
  • According to an announcement in late-April this year, earlier drilling efforts in the region returned a highlight intercept of six metres at 28 grams per tonne of gold
  • Rockridge Resources (ROCK) is currently up 8.57 per cent and is trading at C$0.19 per share at 3:38pm EDT

Rockridge Resources (ROCK) has begun a diamond drill program at its high-grade Raney Gold Project southwest of Timmins, Ontario.

Located within the highly prospective western region of the Abitibi Greenstone Belt, the project covers a total land package of approximately 2,800 hectares. It sits roughly 35 kilometres east of Newmont's Borden Gold Mine, which hosts an estimated mineral reserve of 4.17 million tonnes at 6.38 grams per tonne of gold.

Rockridge completed a drill program at the project earlier this year, consisting of nine holes over a total of 2,070 metres. The campaign was largely focused on evaluating the potential of a mineralised gold system, which returned 28 grams per tonne of gold over six metres from one intercept.

This mineralisation is hosted within a 125-metre-wide structural corridor of narrow quartz veins, which extends well beyond the small region that was previously tested. Historic mapping and sampling work suggest that the zone may extend for more than several kilometres along strike.

Over the course of the current program, which is being carried out by Missinaibi Drilling Services, the company intends to drill a minimum of 3,000 metres across approximately 11 holes. These holes will range in depth from 200 metres to 350 metres, and will test the along-strike and down-plunge extent of the previously identified mineralisation.

Grant Ewing, CEO of Rockridge Resources, noted that the targets for the program were the result of a careful selection process that would make the most of the prior drilling work.

"With only 5,500 metres of historical drilling at the project, we have identified other prospective targets that will be drill tested with the intent of making new discoveries elsewhere on the property.

"This program will be an important catalyst for Rockridge in the coming months as we continue to see momentum building in the gold market," he said.

Rockridge Resources (ROCK) is currently up 8.57 per cent and is trading at C$0.19 per share at 3:38pm EDT.


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