Rockridge Completes 100% Earn-In at Raney Gold Project and Provides Update from the Fall 2020 Drill Program - Seite 2

Mag Survey Plan Map Showing Exploration Potential Along Structural Corridor:
http://www.rockridgeresourcesltd.com/_resources/images/Raney-Gold-Proj ...

A quartz feldspar porphyry intrusion is located approximately 130m south of the Raney Gold Zone beyond the extent of previous drill programs. The QFP has returned significant gold results from past surface sampling programs but has not been adequately drill tested. The QFP is approximately 400m long, 100m wide (based on recent surface mapping), and strongly sheared with pervasive carbonate alteration. High-grade assays from historical grab samples indicated an association of gold with galena, which has been observed in recent surface sampling. This target will be tested with upcoming drill holes.

Table 2 – Select high grade assay results from QFP surface grab samples:

Sample #	Description	Au g/t
22311	Altered and Veined QFP	10.0
22316	Altered and Veined QFP	1.1
31363	Qtz vein in QFP	11.9
31364	Qtz vein in QFP	15.9
8006	Qtz vein w galena in QFP	20.7
8053	Qtz vein w galena in QFP	32.8

* Geological Report, Raney Property, 1984; Exploration Program Report, Raney Gold Property, 1993.

The current diamond drill program is anticipated to continue for the next few weeks, with assay results to be released upon receipt from the lab.

Raney Gold Project Location:

The Raney Gold Project is strategically located within the highly prospective west extension of the Abitibi Greenstone belt, proximal to several regional deposits. Newmont’s operating Borden Gold Mine (reserves of 4.17 MT @ 6.38 g/t Au for ~860k oz. Au reported in 2015) is located 35 km west of Raney. IAMGOLD and JV partner Sumitomo Metals Mining recently decided to proceed with construction of their Cote gold project located 75 km southeast of Raney. The Cote project - estimated to contain gold reserves of ~7 million ounces (~236MT @ 0.96 g/t Au) - is noted as a “world-class” deposit by IAMGOLD. GFG Resources is another close neighbour that has acquired a large land package in the area including its Pen and Dore Gold Projects.