GOLDEN RIDGE RESOURCES LTD. The results (884 total soil samples, 2 rock samples) are highlighted by several high tenor copper-in-soil anomalies, only one of which (Anomaly C) has seen previous exploration in the form of 5 historic drill holes.
Highlights
7km trend of anomalous copper, which is underlain by a sequence of northeast-southwest trending syenite sills and dykes intruding
Anomaly A - 900m long with individual soil results up to 2180ppm Cu (11 samples >500ppm Cu). A select rock grab sample taken upslope of the anomaly returned 2.60% Cu and 25.3g/t Ag.
Anomaly B - 350m long with individual soil results up to 3460ppm Cu (5 samples >500ppm Cu), open to the southeast. A select rock grab sample collected upslope of the anomaly returned 2.91% Cu.
Anomaly C - 1000m long with individual soil results up to 2630ppm Cu (9 samples >500ppm Cu), open to the northwest. Sampling here was aimed at determining the response over an area of previous drilling.
Anomaly D - 500m long with individual soil results up to 833ppm Cu (8 samples >500ppm Cu), open to the northwest.
Anomaly E - 1200m long with individual soil results up to 694ppm Cu (3 samples >500ppm Cu), open in all directions.
The Company plans to follow-up on the
About
Golden Ridge is a TSX-V listed exploration company engaged in acquiring and advancing mineral properties located in
Contact:
Tel: (250) 717-3151
Web: 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 at www.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-looking information or statements. The Company undertakes no obligation to update forward-looking information or statements, other than as required by applicable law.
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