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Be the first with the news that moves the market- Rockridge Resources (ROCK) has received drilling program permits for its Raney gold project in Ontario
- The Vancouver-based junior mining company has budgeted for at least 3,000 metres across 10 holes in its upcoming program, due to begin in early September
- The company’s previous program completed 2,070 metres of drill hole into the property across nine holes, which intercepted gold up to 28 grams per tonne over six metres
- The new program will follow up on those previous results to determine the full extent of the mineralization within the property’s primary gold zone
- Rockridge Resource (ROCK) is up 8.1 per cent and is trading at C$0.20 per share
Rockridge Resources (ROCK) has received drilling program permits for its Raney gold project in Ontario.
The Vancouver-based junior mining company has budgeted for at least 3,000 metres across 10 holes in its upcoming program, due to begin in early September.
The company’s previous program completed 2,070 metres of drill hole into the property across nine holes, which intercepted gold up to 28 grams per tonne over six metres.
The new program will follow up on those previous results to determine the full extent of the mineralization within the property’s primary gold zone.
Rockridge’s primary drill target will be a down-plunge extension of the zone, which previously returned the 28 gram per tonne gold result.
Rockridge also recently staked a number of mineral claims to the west of the project, bringing its boundary to the edge of Newmont’s Borden gold mine project.
The Borden mine is estimated to contain 4.17 megatons resource, grading at 6.38 grams per tonne gold for a total of 860,000 gold ounces.
Between the summer and winter drilling programs, the company completed a drone field mapping program and geochemical survey, which has outlined a structural corridor throughout the property.
Rockridge Resources (ROCK) is up 8.1 per cent and is trading at C$0.20 per share at 10:15 am EDT.
