Rockridge Commences Drilling at its High-Grade Raney Gold Project in Timmins, Ontario - Seite 2

Drill Program Plan:

The 2023 drill program will continue to expand the central Raney Zone and test the extension of the Raney Zone in the east and the west directions. Alteration associated with the gold mineralization is coincident with a distinct magnetic low signature. Hole RAN 20-18 located 300m west of the Raney zone intersected 1.4 g/t Au over 9.0m in a broad zone of alteration. Hole RAN 10-01 located 200m east of the Raney Zone intersected 1.8 g/t Au over 4.8 m in a broad zone of alteration. Both of these intersections are coincident with the magnetic low feature and supports the potential to extend the dimensions of the Raney Gold Zone.

Raney Gold Project History and Previous Diamond Drilling:

In 2020, Rockridge completed just over 5,000m of drilling in twenty drill holes. The drilling focused on the main mineralized zone over a strike extent of approximately 225 metres that produced the best historic intercept of 6.5 g/t Au over 8.0 metres in 2010. Rockridge’s drilling in 2020 returned a high-grade intercept of 27.9 g/t Au over 6.0 metres near the 100-metre depth level in hole RAN-20-06. The broad structural corridor that hosts the mineralization is up to 125 metres wide and extends well beyond the area tested by drilling. Other results from the drilling included hole RN 20-13 which returned 2.5 g/t Au over 13.0m, including 9.6 g/t Au over 2.0m, as well as hole RN 20-18 which was a significant step out hole along strike 250m to the west of the main zone and returned 1.36 g/t Au over 9.0m including 2.1 g/t Au over 4.0m.

Mag Survey Plan Map Showing Exploration Hole Collars:
http://www.rockridgeresourcesltd.com/_resources/images/Raney-Gold-Proj ...

Prior to Rockridge’s drilling, historical drilling at the Raney Gold Project focused on identifying near-surface gold mineralization. Previous exploration on the Property from 1972 to 1991 consisted of prospecting, mapping, sampling, trenching, winkie drilling, ground geophysics, stripping, and some limited diamond drilling. This was followed by exploration work during the 2009 to 2010 period. The Property is underlain by mafic volcanics to the north, and felsic to intermediate volcaniclastics to the south. The felsic volcaniclastics are host to the gold zones. Quartz feldspar porphyry dykes and sills and minor mafic intrusives occur throughout the Property. The porphyries are generally massive but may be sheared and hydrothermally altered and veined in places.