Rockridge Commences Drilling at its High-Grade Raney Gold Project in Timmins, Ontario

Vancouver, BC, June 08, 2023 (GLOBE NEWSWIRE) -- Rockridge Resources Ltd. (TSX-V: ROCK) (OTCQB: RRRLF) (Frankfurt: RR0) (“Rockridge”) (the “Company”) is pleased to announce it has commenced drilling at its high-grade, 100% owned Raney Gold Project located southwest of Timmins, Ontario, Canada (the “Raney Gold Project” or the “Property”). Rockridge is currently fully funded and permitted for the program.

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

Highlights:

• The drill program will be designed to evaluate the strike, depth and expansion potential of the high-grade zones of gold mineralization discovered from previous drilling
• The project is road accessible with nearby infrastructure to help bring down the cost of exploration and drilling
• Rockridge’s drill program will consist of a minimum 2,500m of drilling in 10-12 diamond drill holes with the potential to be expanded
• The Company plans on testing the eastward and westward continuity of the Main Raney Gold Zone anomaly
• Historically, hole RAN-20-06 which returned 27.9 g/t Au over 6.0m at approximately 100m vertical depth and could potentially be host to new high-grade gold zones
  
  

Rockridge’s CEO Jon Wiesblatt commented: “We are very pleased with the abundance of drill targets that have emerged from prior exploration programs. We are confident about testing the potential extension of the main trend and expansion of strike zone to the east and west. The 2023 drilling will test these targets and will be an exciting time for the Company and its shareholders in the midst of a robust gold market. We look forward to realizing Rockridge’s significant discovery potential in the prolific gold belt. The current program at Raney will increase total exploration by as much as 45% over the project’s history. Additionally, our technical team is continuing detailed analysis of all our exploration data at our Knife Lake Copper Project to generate drill targets.”

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.