Raney Gold Project Location Map:
http://www.rockridgeresourcesltd.com/_resources/maps/location_map_may2020a.jpg
The 3,000-metre minimum drill program is expected to begin shortly and will include approximately 10 drill holes. The holes will range in depth between 200 and 300 metres each to test the strike and down-plunge extent of the high-grade intercepts identified during the previous drill program.
Primary Drill Targets:
The diamond drill holes are designed to test priority targets along the prospective structural corridor and down-plunge of known high-grade gold zones. A primary drill target will be the down-plunge extension of the previously reported high-grade zone which returned 28.0 g/t Au over 6.0 metres (uncut) from 125.0 metres to 131.0 metres in hole RN 20-06.
Cross Section of High-Grade Gold Mineralization in Hole RN 20-06:
http://www.rockridgeresourcesltd.com/_resources/projects/raney-project-drilling-section-20200730.jpg
Secondary Drill Targets:
The results of the recently completed drone magnetometer survey completed during the first phase summer field program suggest strong continuity of the structural corridor along strike and identified other potential targets on the property. Based on the magnetic survey data, the structural corridor potentially extends hundreds of metres west toward an area where a nose fold structure may exist.
Magnetometer Survey Plan Map Showing Exploration Potential Along Extensive Structural Corridor:
http://www.rockridgeresourcesltd.com/_resources/images/Raney-Gold-Project-Summer-2020-Drill-Targets.jpg
Raney Gold Project Location:
Raney Gold Project Geology and History:
A total of 2,070 metres in nine diamond drill holes were completed during the recent winter diamond drilling program. The drill program focused on the main zone over a strike extent of approximately 225 metres that produced the best historic intercept of 6.5 g/t gold over 8.0 metres back in 2010. Silicification and minor carbonate alteration were recognized, however gold mineralization appears to be closely related to intervals of high quartz vein density. The quartz veins are hosted in a steeply dipping alteration zone dominated by intermediate volcanic rocks consisting of lapilli tuffs and bedded argillites, with lamprophyre dikes. The quartz veins crosscut and run parallel to a weak fabric, and range in thickness from 0.5 cm to 20 cm in width.
A zone of increased vein density has been noted where the historic visible gold intercepts occur. The recently drilled high-grade intercept of 28.0 g/t over 6.0 metres (uncut) from the 2020 winter program was the fourth drill hole on the Property to intercept visible gold, and all these occurrences were in the main zone near the 100-metre level. The broad structural corridor that hosts the mineralization is up to 125 metres wide and extends well beyond the area tested by drilling. No drilling has been conducted along this corridor except for the ~225-metre-long main zone.
Historical drilling at the
A 100 metre-wide intensely sheared and altered quartz-feldspar porphyry body is located just to the south of the main Raney gold showing. Gold mineralization exposed on the surface and intersected in drill holes on the property is typical of the lode gold class of gold deposit which is the dominant gold deposit type in the Abitibi Greenstone Belt. Gold mineralization on the property is associated with the intensely sheared and altered zones within the felsic tuffs, and higher grades tend to occur where quartz veining is present.
The Property is in the Archean
Qualified Person:
About
Additional information about
“Grant Ewing”
CEO
For further information contact myself or:
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@rockridgeresourcesltd.com
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Forward Looking Information
Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward-looking statements”. Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
Source:
2020 GlobeNewswire, Inc., source