Rockridge Receives $200,000 Grant from The Ontario Junior Exploration Program for The Raney Gold Property, Ontario

Vancouver, BC, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Rockridge Resources Ltd. (TSX-V: ROCK) (OTCQB: RRRLF) (Frankfurt: RR0) (“Rockridge”) (the “Company”) is pleased to announce that the Company has been selected to receive a $200,000 grant from the Ontario Junior Exploration Program ("OJEP"), to assist in exploring the Raney Gold Project located southwest of Timmins, Ontario, Canada (the “Raney Gold Project” or “Property”).

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

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.

Rockridge’s CEO Jon Wiesblatt commented: “We are excited to be a partner of the Ontario Government and OJEP. As a part of OJEP, Rockridge can do its part in the advancement of the junior exploration industry in Ontario which is an important contributor to the provinces economy. OJEP was designed to help attract greater investment in early-stage exploration with the ultimate goal to generate more discoveries that will one day be developed into mines creating jobs and economic output for the province. Rockridge is honored to be part of this initiative.”

George Pirie, Minister of Mines commented: “Ontario is a world class gold jurisdiction. Over 40 percent of all gold found in Canada last year was from this great province. Rockridge Resources Ltd. is yet another junior exploration company that is leveraging our government's investments in the Ontario Junior Exploration Program to explore future mining districts like the Raney Gold project, southwest of my home riding of Timmins. Our investments are helping companies find the mines of the future that will strengthen and grow our northern economy.”