Golden Ridge Resources Ltd. announced commencement of a 5,000m drilling program at the Williams Gold Property that is surrounded by New Found Gold Corp. (NFGC)'s Queensway South Gold Property in the Central Newfoundland Gold Belt of the province of Newfoundland and Labrador. The maiden diamond-drilling program at Williams is focused on robust gold anomalies in soil and in trenches in the south and central portions of the property.

Extensive prospecting, high-density soil sampling, and trenching were conducted during the 2021 and 2022 field seasons and highlighted strong anomalies within the Appleton and Dog Bay Fault Corridors. High-density soil sampling conducted in 2022 successfully extended soil anomalies identified during the 2021 field program, as well as detecting potential parallel mineralized zones.