567 grams to ounces

Rockridge Completes its VTEM Geophysical Program and Awaits Analytical Results from Field Program at the Knife Lake Copper Project

Rockridge Resources Ltd. (TSX-V: ROCK ) (OTCQB: RRRLF ) (Frankfurt: RR0 ) ("Rockridge" or the "Company") is pleased to announce it has completed its geophysical program at the Knife Lake Copper Project located in Saskatchewan, Canada (the "Knife Lake Project" or "Property"). The Knife Lake Project, consisting of 81 claims totalling 55,471 hectares (137,069 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:
https://www.rockridgeresourcesltd.com/_resources/images/Knife-Lake-Region-20210331-003.jpg

Rockridge has received the final results from the Phase 2 helicopter-borne electromagnetic (EM) and horizontal magnetic gradiometer geophysical survey. The survey, which was completed in October, utilized Geotech Ltd.'s VTEM Plus system and significantly extends VTEM coverage of regional target areas from the Phase 1 survey completed last February. Phase 2 was successful in identifying multiple conductors that warrant follow-up investigation in regional target areas with no modern geophysics and limited to no detailed geological mapping or prospecting. The conductors, which form linear features with an approximate combined strike length of 19 km, correlate with highly prospective stratigraphy that hosts the Knife Lake VMS Deposit. Following completion of the VTEM survey, a field crew was deployed to investigate significant anomalies and further define drill targets through surficial mapping and prospecting. Analytical results from the field program are still pending. Geophysical plate modelling of the newly acquired VTEM data is underway and will be used to further refine targeting for Rockridge's future drill programs.

Knife Lake VTEM Survey Coverage:
https://www.rockridgeresourcesltd.com/_resources/images/KF-VTEM-Ext-20211206.pdf

Rockridge's CEO, Jonathan Wiesblatt, commented: "The initial results from this phase of geophysics are very encouraging as we have identified targets along 19 km of newly identified EM anomalies and prospective stratigraphy. Modern exploration tools such as airborne electromagnetic and horizontal geophysical surveys have been and will continue to be an important part of ROCK's exploration strategy at Knife Lake. We await the results from the recently completed field program and plan to commence another diamond-drilling program in the new year."

Knife Lake Geology and History:

The Knife Lake Deposit is interpreted to be a remobilized VMS deposit. The stratabound mineralized zone is approximately 15m thick and contains copper, silver, zinc, gold and cobalt mineralization which dips 30° to 50° eastward over a known strike length within Rockridge's claim area of 3,700 metres and a known average down-dip extension of approximately 300 metres.

Knife Lake Deposit Map:
https://www.rockridgeresourcesltd.com/_resources/projects/KnifeLake-Fig2.jpg

The deposit is hosted by felsic to intermediate volcanic and volcaniclastic rocks which have been metamorphosed to upper amphibolite facies. The deposit contains VMS mineralogy which has been significantly modified and partially remobilized during the emplacement of granitic rocks. The mineralization straddles the boundary between two rock units and occurs on both limbs of an interpreted overturned fold.

The Company has completed twenty-four holes consisting of 3,096 metres of diamond drilling in the 2019 and 2021 winter drilling programs. This represented the first drilling on the property since 2001. Both programs have given the Company's technical team valuable insights into the property geology, alteration, and mineralization that will be applied to future regional exploration on the highly prospective and underexplored land package.

Highlights from the drill programs include previously reported hole KF19003 which intersected net-textured to semi-massive sulphide mineralization from 11.2m to 48.8m downhole. This 37.6 metre interval returned 2.03% Cu, 0.19 g/t Au, 9.88 g/t Ag, 0.36% Zn, and 0.01% Co for an estimated 2.42% CuEq. Additionally, previously reported drill hole KF19001 intersected net-textured to fracture-controlled sulphide mineralization from 7.5 metres to 40.6 metres downhole. This 33.1 metre interval returned 1.28% Cu, 0.12 g/t Au, 4.80 g/t Ag, 0.13% Zn, and 0.01% Co for an estimated 1.49% CuEq.

In August 2019, Rockridge announced a maiden NI 43-101 resource estimate for the Knife Lake deposit which consisted of a pit-constrained indicated resource of 3.8 million tonnes at 1.02% CuEq and an inferred resource of 7.9 million tonnes at 0.67% CuEq using a 0.4% CuEq cut-off. For more information, please refer to the News Release dated August 14 th , 2019 or the NI 43-101 Technical Report on the Mineral Resource Estimate for the Knife Lake Property, Saskatchewan dated September 27, 2019, filed on Sedar.

Qualified Person:

Kerry Bates, P. Geo., a "qualified person" for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects, and a Geologist employed by TerraLogic Exploration Inc., has reviewed and approved the scientific and technical disclosure in this news release relating to the Knife Lake Project.

About Rockridge Resources Ltd.

Rockridge Resources (TSX.V: ROCK) is a public mineral exploration company focused on the acquisition, exploration and development of mineral resource properties in Canada, specifically copper and gold. The Company's core copper project is the Knife Lake Project located in Saskatchewan which is ranked as a top mining jurisdiction in the world by the Fraser Institute. The project hosts the Knife Lake Deposit, which is a VMS, near-surface Cu-Co-Au-Ag-Zn deposit open along strike and at depth. There is strong discovery potential in and around the deposit area as well as at regional targets on the large 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 Timmins and Kirkland Lake lode gold mining camps. Recently reported drill hole RN 20-06 intersected 28.0 g/t gold over 6.0 metres at a shallow vertical level of 95 metres, which is the best result from the project thus far. Rockridge's goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

Additional information about Rockridge Resources and its project portfolio can be found on the Company's website at www.rockridgeresourcesltd.com .

Rockridge Resources Ltd.

"Jonathan Wiesblatt"
________________________
Jonathan Wiesblatt
CEO

For further information contact myself or:

Jordan Trimble, President or
Riley Trimble, Corporate Communications

Rockridge Resources Ltd.
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@rockridgeresourcesltd.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Forward Looking Information

This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. 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. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those 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 forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.


News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
Rockridge Resources

Rockridge Resources

Overview

Over the last several years, demand and reduced supply have created strong momentum for the price of copper. Due to its unique material properties, copper is integral to many industries including electric vehicles, alternative energy generation, energy storage, consumer electronics, and modern infrastructure. It is essential for the green energy revolution to succeed if the world wants to reduce its reliance on fossil fuels as a source of power generation. Decarbonization is an emerging trend across the planet and copper will have a fundamental role as the world progresses to a more ‘green’ economy. According to a recent report from Bernstein Research, copper production will need to increase by 3–6% per year to provide the copper necessary to meet CO2 emissions reduction targets outlined in the Paris Climate Agreement as each ton of copper mined reduces carbon emissions by 500 tons. Two hundred copper mines currently in operation will reach the end of their productive lives before 2035, yet the copper industry has seen insufficient investment, exploration, development, and production capacity in the last decade – making an increase in the metal price necessary moving forward.

Keep reading...Show less

Exploring in Prolific Mining Jurisdictions in Canada for Copper & Gold

Hamak Gold

Admission to Trading on the OTCQB Market

Hamak Gold Limited (LSE: HAMA / OTCQB: HASTF), a company combining traditional gold exploration in West Africa with a Digital Asset Treasury Management strategy, is pleased to announce that the Company's shares have been admitted to trading on the OTC Venture Market ("OTCQB") in the United States, under the symbol "HASTF". No new Ordinary Shares have been issued by the Company for this parallel trading of its shares.

The purpose of the listing of shares on the OTCQB is to broaden the Company's exposure to the North American investor markets and to increase trading liquidity in a drive to deliver shareholder value.

Keep reading...Show less
Stock market display with "Mergers and Acquisitions" in green and white text.

Barrick’s Plan to Sell Hemlo Mine for US$1 Billion Marks Canadian Exit

Barrick Mining (TSX:ABX,NYSE:B) has agreed to sell its Hemlo gold mine in Ontario for up to US$1.09 billion, transferring one of Canada’s most storied gold operations to a new owner and continuing Barrick’s shift away from non-core assets.

The company announced on Thursday (September 11) that Carcetti Capital (TSXV:CART.H,LSE:ORUG), which will be renamed Hemlo Mining (HMC), will acquire the mine under terms that include US$875 million in cash, US$50 million in HMC shares, and as much as US$165 million in contingent payments tied to future gold prices and production.

Barrick president and chief executive Mark Bristow said that the sale is part of the company’s ongoing capital allocation approach, noting that proceeds will help bolster the company’s balance sheet and fund returns to shareholders.

Keep reading...Show less
Gold nuggets beside text: "5 Top Australian Mining Stocks This Week."

Top 5 Australian Mining Stocks This Week: Zenith Minerals Strikes Gold at Red Mountain

Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks listed on the ASX, starting with news in Australia's resource sector.

Companies focused on a mix of minerals and resources once again form this week’s top stocks list, including ones searching for gold, rutile, graphite, lithium and oil.

Significant news, including broad mineralisation discoveries and new acquisitions, drove the top performers this week, which you can learn more about in the list below.

Looking at the bigger picture, Australian lithium stocks took a hit this week following the announcement of Chinese battery giant Contemporary Amperex Technology's (SZSE:300750,HKEX:3750) reported production restart at its Jianxiawo lithium mine in Yichun. Lithium prices and mining companies had previously been lifted in mid-August after the mine was suspended.

Keep reading...Show less
Toronto Stock Exchange sign on a stone wall.

Newmont to Exit Toronto Stock Exchange as Cost Cuts Deepen

Newmont (TSX:NGT,NYSE:NEM,ASX:NEM) is preparing to withdraw from the Toronto Stock Exchange later this month, the latest in a string of moves to streamline operations and rein in costs following its US$15 billion takeover of Newcrest Mining in 2023.

The Denver-based miner said Wednesday it has applied for a voluntary delisting of its common shares from the TSX, effective at the close of trading on September 24.

Keep reading...Show less
Hands holding eco-themed puzzle pieces with green symbols.

ESG Headwinds Threaten to Shake Global Gold Industry: Report

Gold miners are under intensifying scrutiny over their environmental and social footprints as progress in cutting emissions was overshadowed by worsening sustainability risks in 2024.

The findings of the latest Gold ESG Focus 2025 review highlight a sector struggling to reconcile profitability with the global shift toward climate accountability and responsible resource use.

Keep reading...Show less
Armory Mining (CSE: ARMY)

Armory Mining Amends AMMO Antimony-Gold Project Option Agreement

Armory Mining Corp. (CSE: ARMY) (OTC: RMRYF) (FRA: 2JS) (the " Company " or " Armory ") a resource exploration company focused on the discovery and development of minerals critical to the energy, security and defense sectors, is pleased to announce that it has entered into an amendment agreement dated September 9, 2025 (the “ Amendment Agreement ”), amending the terms of its mineral property option agreement dated October 26, 2024 (the “ Option Agreement ”) with an arm’s length optionor (the “ Optionor ”) previously disclosed in the Company’s news releases dated November 4, 2024 and October 28, 2024. Pursuant to the Option Agreement, the Company has the right to acquire from the Optionor a 100% interest in an exploration property located adjacent to and surrounding the West Gore antimony-gold mine in central Nova Scotia, Canada known as the Ammo Property.

Keep reading...Show less

Latest Press Releases

Related News

×