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Be the first with the news that moves the market- Rockridge Resources (ROCK) is preparing to launch a diamond drilling campaign at its high-grade Raney gold project southwest of Timmins, Ontario
- The fully-funded program is expected to begin in a matter of weeks, and will include roughly ten holes over a total distance of at least 3,000 metres
- Testing will primarily focus on high-priority targets along a prospective structural corridor
- The program follows separate work that was completed earlier in the year, which intersected 28 grams per tonne of gold over 6 metres
- Rockridge Resources (ROCK) is currently steady at C$0.16 per share
Rockridge Resources (ROCK) is preparing to launch a diamond drilling campaign 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.
Of particular interest is a disruption that was identified in an airborne magnetic survey roughly two kilometres west of the region previously drilled. It trends in line with the projected structural corridor and offers what Rockridge called “a compelling target area.”
The company’s upcoming diamond drill program is expected to include 10 holes over a total of at least 3,000 metres, and will focus on testing high-priority targets along the prospective corridor.
Rockridge noted that one of the most significant targets will be the down-dip extension of the previously evaluated high-grade zone.
Rockridge Resources (ROCK) is currently steady at C$0.16 per share at 2:21pm EDT.
