Rockridge Plans Minimum 3,000 Metre Diamond Drilling Program at its Raney High-Grade Gold Project Southwest of Timmins, Ontario

VANCOUVER, British Columbia, July 30, 2020 (GLOBE NEWSWIRE) -- Rockridge Resources Ltd. (TSX-V: ROCK) (OTCQB: RRRLF) (Frankfurt: RR0) (“Rockridge” or the “Company”) is pleased to announce that it plans to conduct a diamond drilling program at its Raney Gold Project located southwest of Timmins, Ontario, Canada (the “Raney Gold Project” or “Property”). The results of the recently completed summer field program will assist in delineating and prioritizing drill targets over the broad structural corridor that hosts the high-grade gold mineralization.

Raney Gold Project Location Map:
http://www.rockridgeresourcesltd.com/_resources/maps/location_map_may2 ...

Highlights:

• The Raney Gold Project is a large prospective gold property covering ~2,800 hectares located ~110 km southwest of the prolific gold district of Timmins, Ontario
• A fully-funded, minimum 3,000 metre diamond drilling program (approximately 10 holes) is now planned in the coming weeks
• A drilling program completed earlier in the year (2,070 metres in nine diamond drill holes) to assess the potential of the mineralized gold system returned a highlight intercept of 28.0 g/t gold over 6.0 metres (see news release dated April 29, 2020); a primary drill target will be the down-dip extension of the previously reported high-grade zone in previously reported hole RN 20-06
• A recently completed summer field exploration program focused on delineating and prioritizing target areas along the broad gold bearing structural zone
• Gold mineralization is associated with broad intervals of higher concentrations of narrow quartz veins hosted in an extensive structural corridor that may extend over several hundred metres, with no drilling completed over a large extent of this corridor; the mineralized structure is open along strike and at depth
• Property has excellent access and infrastructure and is accessible by paved and forestry roads

Plan Map Showing Exploration Potential Along Extensive Structural Corridor:
http://www.rockridgeresourcesltd.com/_resources/maps/updated-slides-RO ...

Diamond Drilling Program:

The gold mineralization at the Raney Gold Project is associated with local concentrations of narrow quartz veins that occur within a structural corridor. The structural corridor that hosts the mineralization is up to 125 metres wide and extends well beyond the small area tested by drilling. Historic mapping and surface sampling data show that the zone may extend over several kilometres along strike, with no drilling conducted along this corridor except for the ~225-metre-long main zone drill tested previously. A notable disruption in the airborne magnetic data approximately two kilometres west of the area where drilling has been concentrated and in line with the projected structural corridor provides a compelling target area.