Big Game Gold-Copper Hunting in Elephant Country
Rockridge Resources (TSX-V: ROCK)(OTC: RRRLF) — currently trading below C$0.15 per share — has released assays from the first 9 of 11 holes drilled at its 100%-owned, 6,900-acre Raney Gold Project situated in the same greenstone belt that hosts the world class Timmins and Kirkland Lake gold mining camps.
Significant gold mineralization was reported in 7 of the 9 holes received to-date, including highlights of:
- 2.5 grams per tonne gold (g/t Au) over 13.0 meters; including
- 3.41 g/t Au over 9.0 meters and 9.6 g/t Au over 2.0 meters; and
- 2.18 g/t Au over 5.7 meters
Rockridge CEO, Grant Ewing — whom you’re about to hear more from — commented via press release:
The current drilling is a follow-up to the company’s 2020 spring program which intercepted an impressive 28.0 g/t Au over 6.0 meters.
For speculators, this is true early-stage drilling in a prolific mineral belt that’s produced around 100 million gold ounces over the decades by way of numerous word-class mines — representing roughly 20% of the world’s cumulative gold production.
Keep in mind also that the current scout drilling at Raney is focused on only a small area of the known gold zone — about 225 meters of strike length — so there exists ample opportunity for the discovery of new gold zones at this relatively large, underexplored project.
As the above map illustrates, the Raney Gold Project is situated just 22 miles east of industry leader Newmont’s Borden Gold Mine (reserves of 4.17 million tonnes at 6.38 g/t Au for about 860,000 ounces Au reported in 2015), which is now in production.
Additionally, 47 miles to the southeast of Raney, IAMGOLD and Sumitomo are joint-ventured on the ~7M oz/Au Cote Project, which received the go-ahead on construction last year.
The Rockridge team is awaiting assays from the final two holes of its recently completed program — drilled slightly further west at the Fold Nose zone — and will then utilize the full data-set in the delineation of the next set of drill targets for Raney.
Rockridge is also advancing its second core Canadian asset, the 210,000-acre Knife Lake Project, which is a near-surface, VMS copper-dominant polymetallic deposit located in the prolific Flin Flon mining district of Saskatchewan.
The project boasts Indicated resources of 3.8 million tonnes at 1.02% Cu Eq (Copper Equivalent) plus Inferred resources of 7.9 million tonnes at 0.67% Cu Eq.
With two high-potential exploration projects — one gold and one copper — in two of Canada’s prime mining districts, Rockridge Resources represents a low-priced speculation with plenty of near-term catalysts to move the needle by way of the drill-bit.
Our own Gerardo Del Real of Junior Resource Monthly sat down with Rockridge CEO, Grant Ewing, to discuss the latest high-grade gold intercepts from Raney plus a look ahead to what’s next for both Raney and Knife Lake. Listen to the interview here.
You can also click here to access our most recent report on Rockridge Resources.
Yours in profits,
Editor, Resource Stock Digest
Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad, Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest and Hard Asset Digest readers.