(via TheNewswire)
Drilling is expected to commence this week, with the initial holes to be drilled at the Eagle zone. This will be the largest drill program conducted to date on the
Highlights of the
- A total of 2,286-line kilometers were flown
- High resolution 75m line spacing was flown over known mineral occurrences which will greatly aid the Company as it prepares for its maiden drill program and field programs.
- Processing of data and inversions currently underway with final results expected forthwith
- The survey represents the first ever airborne geophysical survey completed on the
Drill Plan Highlights
- Drilling on the
- Initial drilling will target lateral and at depth extensions on the Eagle zone to continue to define and confirm structural control on high grade Au-Ag mineralization.
- The Eagle zone currently extends for 750m along strike and approximately 50m in width. Drilling has been confined to approximately 100m of true vertical depth. The Eagle zone is currently open to the north and south and at depth.
Qualified Person:
Dr.
Acknowledgments:
About
Golden Ridge is a TSX-V listed exploration company engaged in acquiring and advancing mineral properties located in
Chief Executive Officer
Tel: (250) 768-1168
Website: www.goldenridgeresources.com
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including: that the Company's financial condition and development plans do not change as a result of unforeseen events, that the Company obtains required regulatory approvals, that the Company continues to maintain a good relationship with the local project communities. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, which could result in delays, or cessation in planned work, that the Company's financial condition and development plans change, delays in regulatory approval, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company's expectations, as well as the other risks and uncertainties applicable to mineral exploration and development activities and to the Company as set forth in the Company's Management's Discussion and Analysis reports filed under the Company's profile atwww.sedar.com. There can be no assurance that any forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. The Company undertakes no obligation to update forward-looking information or statements, other than as required by applicable law.
Neither the
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Copyright (c) 2020 TheNewswire - All rights reserved., source