Rockridge Resources Plans Upcoming Fully Funded Exploration and Drill Program at the Knife Lake Copper Project, Saskatchewan

Rockridge Resources Plans Upcoming Fully Funded Exploration and Drill Program at the Knife Lake Copper Project, Saskatchewan

 

Rockridge Resources Ltd. (TSX-V: ROCK ) (OTCQB: RRRLF ) (Frankfurt: RR0 ) ("Rockridge" or the "Company") is pleased to announce plans for an upcoming Summer 2022 drill program at the Knife Lake Copper Project VMS Project located in Saskatchewan, Canada (the "Knife Lake Project" or "Property"). Using the results and interpretation from the Fall and Winter 2021 field programs, as well as the 2021 drill program, the upcoming program will target the Gilbert West and Gilbert South zones in addition to continued infill and expansion drilling at the deposit. Rockridge is fully funded for this upcoming exploration and drilling having recently closed a financing. 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:  
https://www.rockridgeresourcesltd.com/_resources/images/Knife-Lake-Region-20210331-003.jpg  

 

Rockridge's CEO, Jonathan Wiesblatt, commented: "Exploration at Knife Lake, specifically at the target areas outside of the existing resource, offer compelling discovery potential as there has been limited historical work done on these highly prospective targets. Getting back to Knife Lake and conducting a thorough drilling campaign focused on the Gilbert West and Gilbert South zones is a priority for Rockridge as well as expanding and upgrading the resource at Knife Lake. The project remains an exciting exploration story that can offer investors exposure to a top mining jurisdiction and to commodities in high demand and short supply such as copper and zinc. We look forward to updating our shareholders as we prepare and work towards commencing the upcoming work at Knife Lake."

 

Rockridge received and previously announced results from a field program completed in October of last year. A two-person field crew was mobilized to complete mapping and prospecting at regional target areas, investigating conductivity and magnetic anomalies identified through the Phase I (Fall 2021) and Phase II (Winter 2021) airborne geophysical programs (VTEM).

 

  Knife Lake   VTEM and   Grab Sample Survey:  
https://www.rockridgeresourcesltd.com/_resources/maps/KF-FieldResults-20220110.png  

 

A total of 29 samples were submitted for assay, 26 samples from regional targets and 3 confirmation samples from historic trenches at the Knife Lake Deposit. Two samples collected from historic trenches at the Knife Lake Deposit returned significant results and are summarized in the table below.

 
                       
  Sample   ID  

  Au    Ag    Cu    Co    Zn  
  (g/t)    (g/t)    (%)    (%)    (%)  
OMKFR006 0.11 4.34   1.60   0.01 0.10
OMKFR007 0.70 15.45   4.06   0.01 0.55
 

*Rock grab samples are selective and not necessary representative of the mineralization throughout the deposit

 

Prospecting on the west side of the Gilbert Lake target identified altered volcanic and green pegmatite lithologies consistent with the host rocks at the deposit, indicating continuity of favourable stratigraphy approximately 10 km west of the deposit. Field geologists reported visual confirmation of trace interstitial chalcopyrite hosted within the green pegmatite interval.

 

  Plans for Upcoming Diamond Drilling Program   :  

 

The drill program at the Gilbert North and South target areas in 2021 was designed to evaluate conductivity and magnetic anomalies identified during the early 2021 airborne VTEM Plus survey and corresponding surficial geochemical anomalies. It was the first modern drill program that tested these target areas and several drill intercepts included pyrrhotite-pyrite dominant VMS-style mineralization hosted at the same stratigraphic horizon as the Knife Lake Deposit. Following the initial drilling at the Gilbert North and South targets a Borehole Electromagnetic survey of all holes at the Gilbert North and South target areas was completed to refine future drill targets which will be tested in this upcoming program. Furthermore, previous surficial work programs have indicated that the stratigraphic position of the targeted anomalies correlates with the Knife Lake Deposit to the east. The discovery potential at the broader 15 km Gilbert trend is robust and warrants follow up work which is being planned in this upcoming program. Rockridge continues to utilize modern exploration techniques and methods with the goal of making new discoveries.

 

  Knife Lake Target Areas 2022 Drill Program  
https://www.rockridgeresourcesltd.com/_resources/images/KF-Target-Areas-20220329.jpg  

 

Drill targeting for the fully funded 2022 diamond drill program is currently underway and management is assessing high priority targets that include additional drill testing in the Gilbert South Area. The planned holes will further investigate strike-length continuity of the mineralized horizon intersected in 2021 drilling, which remains open to the south. The holes will also evaluate potential zoning of mineralization, which is commonly observed in VMS systems. Additional holes at a newly discovered copper showing at the Gilbert West Area are also being considered. The holes will target the down-dip extension of a mineralized and intensely altered volcanic package which is interpreted to be the Knife Lake stratigraphic horizon. The Gilbert West target has never been drill tested. The Company is also evaluating drill targets at the Knife Lake deposit with the intention of testing deeper targets below the existing deposit and infill drilling to upgrade inferred resources to indicated resources.

 

  Knife Lake Geology and Histor   y:  

 

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.

 

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 Eagle Plains Resources, 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.

 

  Knife Lake   Copper   Project Location Map:  
https://www.rockridgeresourcesltd.com/_resources/projects/KnifeLake-Fig1.jpg  

 

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.

 

 

 

  Primary Logo 

 

News Provided by GlobeNewswire via QuoteMedia

ROCK:CA
The Conversation (0)
Rockridge Resources: Exploring in Prolific Mining Jurisdictions in Canada for Copper & Gold

Rockridge Resources: Exploring in Prolific Mining Jurisdictions in Canada for Copper & Gold

Rockridge Resources Ltd. (TSXV:ROCK) focuses on the acquisition, exploration, and development of mineral resource properties in Canada, with a primary focus on copper. The company’s flagship Knife Lake Project is located in Saskatchewan, ranked third as one of the world’s mining jurisdictions by the Fraser Institute.

In April 2021, Rockridge staked an additional 22,808 hectares at Knife Lake (an increase of 70% on the previous land package) and also expanded its drill program from 1600 meters to 2,100 meters due to encouraging visible mineralization in the preliminary holes, which were drilled at Gilbert Lake North & South, 5-6km to the west of the Knife Lake Deposit.

Keep reading...Show less
Gold bars with text: "5 Top Canadian Mining Stocks This Week."

Top 5 Canadian Mining Stocks This Week: Avanti Gold Gains 158 Percent on Misisi Settlement

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

Statistics Canada released its June Labour Force Survey on Friday (July 11). The data indicated that 83,000 new jobs were added to the workforce, led by 34,000 new employees in the wholesale and retail trade category and a 17,000 worker rise in the healthcare and social assistance category.

In other positive news for the Canadian job market, the overall employment rate rose by 0.1 percent to 60.9 percent, while the unemployment rate declined by 0.1 percent to 6.9 percent.

Keep reading...Show less
Gold bar on nuggets with "5 Top Australian Mining Stocks" text overlay.

Top 5 Australian Mining Stocks This Week: Yandal Shares Double on Arrakis Drilling Results

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

This week's top-performing stocks list is dominated by oil and gas companies, alongside gold and lithium companies.

In Australian mining news, the Fair Work Commission ruled that BHP (ASX:BHP,NYSE:BHP,LSE:BHP) must raise the wages of 2,200 workers at three coal mines in Queensland. The workers in question were employed indirectly through a hiring firm and were being paid significantly less than their peers working directly under BHP.

The case was brought by two worker's unions and based on the Same Job, Same Pay reforms made by the government last year. To align wages, the FWC ruled BHP must raise the labour hire employees' wages by AU$30,000 each.

Keep reading...Show less
Pilbara region, Western Australia, Australia.

Pilbara 2.0: Inside Australia’s Newest Gold Frontier

The Central Pilbara region of Western Australia is undergoing a quiet revolution that is rapidly reshaping the global gold exploration landscape.

Once dismissed as a technically challenging and geologically inconsistent terrain, Pilbara is now emerging as one of the world’s most exciting new gold frontiers and drawing serious attention from institutional investors, driven by transformative discoveries, a maturing geological model and a wave of junior explorers tapping into underexplored intrusive-hosted systems.

Anchored by the multimillion-ounce Hemi discovery — one of the most significant gold finds in Australia in over a decade — this region is not just proving its geological potential, but also demonstrating the kind of scale, consistency and margin profile that modern gold investors seek. As the discovery window remains wide open and valuations are still accessible, the Central Pilbara presents a rare opportunity for early exposure to what may become one of Australia’s next tier-one gold districts.

Keep reading...Show less
A mining truck within the outline of Australia's map on a clear day.

Is Australia on the Brink of a New Mining Super Cycle?

Mining remains as a cornerstone of Australia’s GDP and export earnings, but current global challenges such as trade disputes and price changes may be straining its foundations.

A recent FocusEconomics report tackled Australia’s resource wealth, tracing from the gold rushes of the 1850s to the iron ore and coal booms of the 21st century.

Keep reading...Show less
Kobo Resources Confirms Additional High-Grade Gold Mineralization at Kossou with 15.5 m at 2.3 g/t Au, incl. 8.3 m at 3.43 g/t Au; Outlines Next Phase of Exploration at Kossou

Kobo Resources Confirms Additional High-Grade Gold Mineralization at Kossou with 15.5 m at 2.3 g/t Au, incl. 8.3 m at 3.43 g/t Au; Outlines Next Phase of Exploration at Kossou

 
  •   High-grade gold intercepts highlighted by 15.5 m at 2.30 g/t Au, incl. 8.3 m at 3.43 g/t Au at the Road Cut Zone  
  •  
  •   Initial drilling on the gap between Jagger and Road Cut Zone confirms target structure, warrants further testing  
  •  
  •   Current drill phase complete; Geological modelling and planning underway for 15,000 m drill program expected to begin in H2 2025  
  •  

 

 Kobo Resources Inc. (" Kobo" or the " Company ") ( TSX.V: KRI ) is pleased to report additional diamond drill results from the Road Cut Zone at its 100%-owned Kossou Gold Project (" Kossou ") in Côte d'Ivoire. Results from these holes continue to strengthen the Company's understanding of the key structural controls that define this prospective target area.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×