Rockridge Resources reports 4.06% and 1.60% copper up for grabs
Vancouver, BC, Jan. 18, 2022 (GLOBE NEWSWIRE) — Rockridge Resources Ltd. (TSX-V: OSCILLATE) (OTCQB: RRRLF) (Frankfurt: RR0) (“Rockridge” or the “Company”) is pleased to report additional sampling and prospecting results from the 2021 exploration program at the Knife Lake Copper VMS Project located in Saskatchewan, Canada (the “Knife Lake Project”). or the “Property”). The Knife Lake project, consisting of 82 claims totaling 56,865 hectares (140,516 acres), is an advanced stage copper, silver, zinc and cobalt exploration property in Saskatchewan, host to the Knife Lake deposit .
Knife Lake VMS Project Location Map:
Rockridge received the results of a field program completed in October last year. A two-person field team has been mobilized to complete mapping and prospecting in the regional target areas, investigating conductivity and magnetic anomalies identified as part of the Phase I (Winter 2021) and Phase I airborne geophysical programs. II (Fall 2021).
Coverage of the Knife Lake VTEM survey:
A total of 29 samples were submitted for assay, 26 samples from regional targets and 3 confirmatory samples from historic trenches at the Knife Lake deposit. Two samples taken from historic trenches at the Knife Lake deposit returned significant results and are summarized in the table below.
|To taste identifier||At||AG||Cu||Co||Zn|
*Grade rock samples are selective and not necessarily representative of mineralization throughout the deposit
Prospecting on the west side of the Gilbert Lake target has identified altered volcanic and green pegmatite lithologies consistent with the host rocks of the deposit, indicating the continuity of favorable stratigraphy approximately 10 km west of the deposit. Field geologists reported visual confirmation of traces of interstitial chalcopyrite hosted in the green pegmatite interval.
Knife Lake Grab Sample Investigation:
Field teams were only able to investigate a limited number of high priority regional targets and further fieldwork is required to adequately investigate the source of these newly defined regional drivers. Interpretation of field results and geophysical modeling are underway to further refine drill targets for Rockridge’s next planned diamond drill program.
Rockridge CEO Jonathan Wiesblatt commented, “We are very pleased with these sampling results as we enter 2022 with robust discovery potential around the deposit and on regional targets that we plan to test with a program. future drilling. The results of geophysical programs and fieldwork conducted in 2021 refined existing targets and identified new ones. We look forward to continuing to move the Knife Lake project forward as we believe there is still significant value to unlock on the property. »
Knife Lake Geology and Historythere:
The Knife Lake deposit is interpreted as a remobilized VMS deposit. The stratabound mineralized zone is approximately 15 m thick and contains copper, silver, zinc, gold and cobalt mineralization that dips 30° to 50° to the east over a known length in the Rockridge concession area of 3,700 meters, and a known mean extension down dip. about 300 meters.
Knife Lake deposit map:
The deposit is hosted in felsic to intermediate volcanic and volcaniclastic rocks that have been metamorphosed to upper amphibolite facies. The deposit contains VMS mineralogy that has been significantly modified and partially remobilized during the emplacement of granitic rocks. The mineralization straddles the boundary between two rock units and is found on both sides of an interpreted overturned fold.
The Company completed twenty-four holes comprising 3,096 meters of diamond drilling during the 2019 and 2021 winter drill programs. This was the first drilling on the property since 2001. Both programs yielded the Company’s technical team with valuable information on the property’s geology, alteration and mineralization that will be applied to future regional exploration across the highly prospective and underexplored land package.
Highlights from the drill programs include the previously reported hole KF19003 which intersected clean-textured to semi-massive sulphide mineralization from 11.2m to 48.8m at depth. This 37.6 meter interval returned 2.03% Cu, 0.19 g/t Au, 9.88 g/t Ag, 0.36% Zn and 0.01% Co for an estimate of 2.42% CuEq.
In August 2019, Rockridge announced an initial NI 43-101 resource estimate for the Knife Lake deposit, which consisted of an in-pit indicated resource of 3.8 million tonnes at 1.02% CuEq and an inferred resource. 7.9 million tonnes at 0.67% CuEq using a CuEq Cutoff of 0.4%. For more information, please refer to the August 14 press releaseand, 2019 or the NI 43-101 Technical Report Mineral Resource Estimate for the Knife Lake Property, Saskatchewan dated September 27, 2019, filed on Sedar.
Kerry Bates, P. Geo., a “qualified person” for the purposes of National Instrument 43-101 – Disclosure Standards for Mining Projects, and a geologist employed by Eagle Plains Resources, has reviewed and approved the scientific and technical disclosure in this press release regarding the Knife Lake project.
On Rockridge Resources Ltd.
Rockridge Resources (TSX.V: ROCK) is a public mining exploration company focused on the acquisition, exploration and development of mineral resource properties in Canada, particularly copper and gold. The Company’s principal copper project is the Knife Lake project located in Saskatchewan, which is ranked as one of the world’s leading mining jurisdictions by the Fraser Institute. The project hosts the Knife Lake deposit, which is a near-surface VMS Cu-Co-Au-Ag-Zn deposit open laterally and at depth. There is strong discovery potential in and around the deposit area as well as at regional targets on the larger property package. The Company’s secondary asset is the Raney Gold Project, which is a high-grade gold exploration project located in the same greenstone belt that hosts the world-class vein gold mining camps of Timmins and Kirkland Lake. Recently reported drill hole RN 20-06 intersected 28.0 g/t gold over 6.0 meters at a shallow vertical depth of 95 meters, which is the best result of the project to date. Rockridge’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships and the advancement of exploration projects in geopolitically favorable jurisdictions.
Additional information about Rockridge Resources and its portfolio of projects is available on the company’s website at www.rockridgeresourcesltd.com.
Rockridge Resources Ltd.
For more information contact me or:
Jordan Trimble, President or
Riley Trimble, Corporate Communications
Rockridge Resources Ltd.
Toll Free: 800-567-8181
Email: [email protected]
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This press release includes certain statements that may be considered “forward-looking statements”. All statements contained in this press release, other than statements of historical facts, which address events or developments expected by the management of the Company, are forward-looking statements. Statements included in this announcement, including statements regarding 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 can be identified by words such as “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. Although management believes that the expectations expressed in these forward-looking statements are based on reasonable assumptions, these statements are not guarantees of future performance, and actual results or developments may differ materially from those contained in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in the forward-looking statements include market prices, exploration and development success, the continued availability of capital and financing, and general economic conditions. , market or business. Please see the Company’s public filings at www.sedar.com for more information.