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Holes HE-EZ-20-03 to HE-EZ-20-06 were drilled approximately 280 meters northeast of Hole HE-EZ-20-02 (see GLDN press release dated
Highlights
-- HE-EZ-20-05 shows lateral continuity with the high-grade Ag-Au mineralization within the central part of the
Eagle Zone , including multiple intervals of robust epithermal boiling-zone alteration and mineralization.-- Holes HE-EZ-20-03 to HE-EZ-20-06 successfully extended one of the high-grade Ag-Au boiling zones within the central part of the
Eagle Zone , laterally and to 200 meters true vertical depth.-- Drilling continues to intersect epithermal-style alteration and mineralization at depth within the
Eagle Zone , where historic drilling was focused on depths of less than ~100 meters.-- Ongoing drilling at the
Eagle Zone will aim to further increase its dimensions, along strike and at depth.-- Drilling continues to identify key mineralizing structures which will aid future exploration outside the
Eagle Zone .
Table 1 – Significant Intercepts
-------------------------------------------------------------------- |HOLE ID |FROM |TO |INTERVAL|Au |Ag |AuEq |AgEq |AuEq | | |(M) |(M) |(M)2 |(g/t)|(g/t) |(g/t)|(g/t) |Gram | | | | | | | | | |Meter| |------------------------------------------------------------------| |HE-EZ-20-03|45.00 |164.94|119.94 |0.22 |16.08 |0.43 |32.62 |52.04| |------------------------------------------------------------------| |Including |45.00 |61.02 |16.02 |1.14 |55.83 |1.88 |141.54|30.16| |------------------------------------------------------------------| |And |57.85 |59.65 |1.80 |8.22 |227.20|11.24|845.25|20.24| |------------------------------------------------------------------| |And |116.85|164.94|48.09 |0.16 |19.42 |0.42 |31.45 |20.12| |------------------------------------------------------------------| |HE-EZ-20-04|3.35 |114.32|110.97 |0.28 |19.37 |0.54 |40.42 |59.66| |------------------------------------------------------------------| |Including |4.64 |69.00 |64.36 |0.39 |23.87 |0.71 |53.19 |45.53| |------------------------------------------------------------------| |Including |4.64 |9.81 |5.17 |2.21 |79.67 |3.27 |245.84|16.90| |------------------------------------------------------------------| |And |57.70 |69.00 |11.30 |0.53 |60.50 |1.33 |100.35|15.08| |------------------------------------------------------------------| |HE-EZ-20-05|4.40 |129.80|125.40 |0.36 |19.47 |0.62 |46.54 |77.62| |------------------------------------------------------------------| |Including |4.40 |75.00 |70.60 |0.58 |21.55 |0.87 |65.16 |61.18| |------------------------------------------------------------------| |Including |32.13 |33.74 |1.61 |3.43 |324.69|7.75 |582.58|12.47| |------------------------------------------------------------------| |And |50.80 |75.00 |24.20 |1.29 |25.68 |1.63 |122.67|39.48| |------------------------------------------------------------------| |Including |66.89 |75.00 |8.11 |2.88 |35.39 |3.35 |251.93|27.17| |------------------------------------------------------------------| |HE-EZ-20-06|39.79 |197.64|157.85 |0.24 |9.04 |0.36 |27.09 |56.86| |------------------------------------------------------------------| |Including |108.80|157.50|48.70 |0.63 |22.23 |0.93 |69.60 |45.08| |------------------------------------------------------------------| |Including |115.80|133.33|17.53 |1.49 |37.83 |1.99 |149.86|34.94| |------------------------------------------------------------------| |And |124.92|133.33|8.41 |2.58 |48.22 |3.22 |242.20|27.09| |------------------------------------------------------------------| |Including |125.82|126.83|1.01 |11.36|33.50 |11.81|887.64|11.92| --------------------------------------------------------------------
1Gold (AuEq) and silver (AgEQ) equivalent grades are calculated using 100-day moving-average metal prices of gold at
2The intervals reported in these tables represent drill intercepts and insufficient data are available at this time to state the true thickness of the mineralized intervals. All gold values are uncut.
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Table 2 – Collar locations for the
----------------------------------------------------------- |HOLE ID |EASTING |NORTHING |AZIMUTH|INCLINATION| | |(NAD27, Zone|(NAD27, Zone| | | | |21) |21) | | | |---------------------------------------------------------| |HE-EZ-20-01|584699 |5196378 |120° |-75° | |---------------------------------------------------------| |HE-EZ-20-02|584744 |5196272 |004° |-55° | |---------------------------------------------------------| |HE-EZ-20-03|584823 |5196539 |114° |-84° | |---------------------------------------------------------| |HE-EZ-20-04|584872 |5196526 |300° |-74° | |---------------------------------------------------------| |HE-EZ-20-05|584867 |5196503 |300° |-75° | |---------------------------------------------------------| |HE-EZ-20-06|584886 |5196520 |300° |-73° | |---------------------------------------------------------| |HE-EZ-20-07|584900 |5196516 |300° |-73° | |---------------------------------------------------------| |HE-EZ-20-08|584702 |5196390 |120° |-70° | |---------------------------------------------------------| |HE-EZ-20-09|584699 |5196423 |103° |-75° | |---------------------------------------------------------| |HE-EZ-20-10|584564 |5196409 |120° |-45° | |---------------------------------------------------------| |HE-EZ-20-11|584436 |5196248 |115° |-45° | |---------------------------------------------------------| |HE-EZ-20-12|584393 |5196078 |120° |-45° | |---------------------------------------------------------| |HE-TZ-20-01|585194 |5195830 |300° |-84° | |---------------------------------------------------------| |HE-PZ-20-01|584709 |5195027 |10° |-55° | |---------------------------------------------------------| |HE-PZ-20-02|584722 |5195057 |30° |-55° | |---------------------------------------------------------| |HE-PZ-20-03|584777 |5195155 |30° |-45° | |---------------------------------------------------------| |HE-LZ-20-01|584810 |5195245 |30° |-50° | |---------------------------------------------------------| |HE-LZ-20-02|584923 |5195388 |46° |-45° | |---------------------------------------------------------| |HE-EZ-20-13|584774 |5196321 |11° |-60° | |---------------------------------------------------------| |HE-EZ-20-14|584692 |5196417 |120° |-70° | |---------------------------------------------------------| |HE-EZ-20-15|584907 |5196517 |275° |-70° | |---------------------------------------------------------| |HE-EZ-20-16|584887 |5196639 |120° |-65° | |---------------------------------------------------------| |HE-EZ-20-17|584893 |5196660 |120° |-65° | |---------------------------------------------------------| |HE-EZ-20-18|584913 |5196677 |120° |-65° | |---------------------------------------------------------| |HE-EZ-20-19|584893 |5196660 |120° |-84° | |---------------------------------------------------------| |HE-EZ-20-20|584934 |5196725 |120° |-65° | |---------------------------------------------------------| |HE-EZ-20-21|584922 |5196709 |120° |-65° | |---------------------------------------------------------| |HE-EZ-20-22|584803 |5196516 |120° |-65° | -----------------------------------------------------------
“Widespread epithermal-style alteration found across the 21,613 hectare
A total of 5,061 metres have been completed during the ongoing 2020/21 drill campaign in 27 drill holes. Assays from the remaining holes are pending and they will be released to the market once received and compiled.
The Company has recently completed a comprehensive sampling program to better understand the soil response to the
Qualified Person:
Dr.
Acknowledgments:
About
Golden Ridge is a TSX-V listed exploration company engaged in acquiring and advancing mineral properties located in
Chief Executive Officer
Tel: (250) 768-1168
Website: www.goldenridgeresources.com
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including: that the Company's financial condition and development plans do not change as a result of unforeseen events, that the Company obtains required regulatory approvals, that the Company continues to maintain a good relationship with the local project communities. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, which could result in delays, or cessation in planned work, that the Company's financial condition and development plans change, delays in regulatory approval, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company's expectations, as well as the other risks and uncertainties applicable to mineral exploration and development activities and to the Company as set forth in the Company's Management’s Discussion and Analysis reports filed under the Company's profile atwww.sedar.com. There can be no assurance that any forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-lookinginformation or statements. The Company undertakes no obligation to update forward-looking information or statements, other than as required by applicable law.
Neither the
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