Rockridge Announces Planning Underway for Upcoming Drill Program at its High-Grade Raney Gold Project Southwest of Timmins, Ontario

Vancouver, BC, Feb. 08, 2023 (GLOBE NEWSWIRE) -- Rockridge Resources Ltd. (TSX-V: ROCK) (OTCQB: RRRLF) (Frankfurt: RR0) (“Rockridge”) (the “Company”) is pleased to announce it is planning an upcoming drill program at its high-grade Raney Gold Project located southwest of Timmins, Ontario, Canada (the “Raney Gold Project” or the “Property”). The drill program will be designed to evaluate the strike, depth and expansion potential of the high-grade zones of gold mineralization discovered in previous drilling. Rockridge is currently permitted for the program and has begun the application process to extend the permit beyond 2023. The project is road accessible with nearby infrastructure to help bring down the cost of exploration and drilling.

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

Rockridge is planning for an initial drill program that will consist of a minimum 2,500m of drilling in 10-12 diamond drill holes with the potential to be expanded. The historical geophysics and previous drilling, including hole RAN-20-06 which returned 27.9 g/t Au over 6.0m at approximately 100m vertical depth, has identified several key structures that could potentially be host to new high-grade gold zones. This planned drill program will utilize all exploration data to date with the goal to test the strike potential and depth continuity of high-grade gold mineralization intersected in previous holes. Specifically, the Company plans on testing the eastward and westward continuity of the Main Raney Gold Zone where there is a coincident geophysical anomaly that has yet to be drill tested. Additional news will be forthcoming on the drilling program.

Rockridge’s CEO Jon Wiesblatt commented: “Raney is a very important asset in Rockridge’s portfolio and is prospective for additional gold discoveries. The Project is near to some of the most prolific gold mines in Canada and further exploration at Raney is warranted. We are excited to be planning further exploration and drilling at Raney as gold prices strengthen in the current global macro-economic climate. The main mineralized zone at the Raney Gold Project has returned significant, shallow, high-grade gold results from previous drilling campaigns and this data will be utilized to design a follow-up drill campaign this year.”