Rockridge to Commence Drill Program at its High-Grade Raney Gold Project Southwest of Timmins, Ontario

Vancouver, BC , May 30, 2023 (GLOBE NEWSWIRE) -- Rockridge Resources Ltd. (TSX-V: ROCK) (OTCQB: RRRLF) (Frankfurt: RR0) (“Rockridge”) (the “Company”) is pleased to announce its plans for an upcoming drill program at its high-grade, 100% owned 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 fully funded and permitted for the program with plans to commence drilling shortly. 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 plans 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 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.

Rockridge’s CEO Jon Wiesblatt commented: “After completing a successful financing round we are excited to commence our first exploration program at Raney since 2020. Historically, limited exploration has been conducted at this property and a step-up in exploration initiatives should help Rockridge to better identify the geological characteristics of mineralization. The goal for Rockridge is to ultimately identify new mineral discoveries at the Raney Project. We remain enthusiastic about the probability of success at Raney given the Project’s proximity to large, high-grade gold deposits and some of the world’s most prolific gold mining operations.”