Golden Ridge Resources Ltd. (TSXV:GLDN) hassigned an exploration drilling contract with Cabo Drilling (Pacific) Corp. for a minimum of 5,000 metres diamond drilling at the Williams Gold Property in Newfoundland and Labrador.
Golden Ridge expects to begin drilling in late May to take advantage of optimal weather conditions. Golden Ridge is pleased to report the full receipt of rock and soil assays from the 2021 field program, aimed at expanding gold mineralisation targets in the Dog Bay and Appleton Fault Corridors within the property.
Continued Expansion of Gold In Soil Anomalies
The final assays 430 (of 1,316) soil samples, 51 (of 305) chip and channel samples, and 28 (of 208) grab samples from the 2021 field program have recently been received by Golden Ridge.
The 2021 field programme had previously highlighted soil anomalies 800m, 425m, and 350m long, which remain open along strike and include values up to 1.50 g/t and 1.05g/t Au in soil.
The final batch of assays from the 2021 field sampling program contained numerous gold in subcrop and float grab samples in the northern Dog Bay Fault Corridor portion of the property, with up to 2.71 g/t and 1.23 g/t Au.
These samples contain strong pyrite and arsenopyrite mineralisation and were collected on the western edge of a 650m gold-in-soil anomaly identified during the 2021 field program.
The 2021 field programme noted gold mineralisation and evidence of hydrothermal activity along the entire 5km of the Dog Bay Fault Corridor; in addition, historical float grab samples assayed up to 51.60 and 44.24 g/t Au.
Soil sampling on smaller recon grids conducted in the Appleton Fault corridor to the west along strike of the large anomalies returned numerous anomalous gold-in-soil values up to 0.72 g/t Au.
The company plans to aggressively continue to soil sample along strike of these anomalies and also conduct drill testing.
Drill Contract Signed for Summer 2022 Drill Programme
The maiden drill programme on the Williams Gold Property will commence in late May. Drilling will systematically test soil and trench gold anomalies within the Dog Bay and Appleton Fault Corridors discovered during the 2021 field programme.
Golden Ridge will use methodologies fine-tuned in New Found Gold’s work on its similar trending Queensway North Gold Project, to target anomalies.
A very limited amount of drilling has been conducted previously in the area, with the most recent work targeting mineralisation in the Paul’s Pond area roughly 500m from the Williams Gold Property’s southern border.
“The 2021 field programme yielded numerous gold anomalies along both the Dog Bay and Appleton Fault Corridors,” Director, CEO and President, Mike Blady, said.
“Prospecting, trenching, and high-density soil sampling all helped to explain the relationship between gold in soil and in bedrock. Golden Ridge plans to aggressively continue to expand the gold-in-soil anomalies early in the season, to create as much targeting data as possible to guide the drilling.
“The maiden diamond drill programme will systematically test these anomalies and raise the profile of the underexplored Williams Gold Property, within the exciting Central Newfoundland Gold Belt.”
For further information please visit: http://www.goldenridgeresources.com/
