(via TheNewswire)
As consideration for the cancellation of the
Notice of the Amended and Restated Net Smelter Returns Royalty Agreement and termination of the Back-In Right Agreement will be filed with the Mineral Titles Online registry maintained by the Chief Gold Commissioner of
“Extinguishing the Back-In Right at the Hank has been a priority for Golden Ridge since the Company earned its 100% interest in the Project back in 2018. We would like to thank Barrick Gold Corporation for their willingness to work towards a solution that worked for both parties.” stated
About The Hank
The Hank is a 1,700-hectare Au-Cu-Ag project located in the heart of BC’s
Exploration on the Hank Began in the 1980’s with approximately 104 holes being drilled across the property from 1984-1993. Following the acquisition of the property by Barrick Gold Corporation in 1994, exploration activity on the project ceased and no work was conducted until Golden Ridge optioned the property from
From 2014-2016 Golden Ridge conducted small grassroots geochemical and geophysical surveys on the Hank property. In 2017 Golden Ridge drilled 4,250 meters on the property which resulted in several encouraging gold-silver-lead-zinc intercepts in previously under explored sericite-carbonate-pyrite
Highlights
2017
HNK-17-001 returned 24.15 g/t AuEq over 4.13 meters at the LAZ (
See Company news release datedNovember 8, 2017 )HNK-17-006 returned 0.63 g/t AuEq over 210.31 meters at the LAZ (
See Company news release datedDecember 12, 2017 )HNK-17-007 returned 0.73 g/t AuEq over 201.48 meters at the LAZ (
See Company news release datedDecember 12, 2017 )HNK-17-008 returned 2.60 g/t AuEq over 60.27 meters at the LAZ (
See Company news release datedDecember 12, 2017 )HNK-17-009 returned 7.04 g/t AuEq over 21.62 meters within a broader intercept of 3.15 g/t AuEq over 58.00 meters at the LAZ (
See Company news release datedJanuary 8, 2018 )Mineralization has been intersected over a 1.1 km strike length in the
Lower Alteration Zone .Discovered an alkalic porphyry Cu-Au target (the “Williams Zone”) consisting of strong potassic alteration including hydrothermal k-spar, biotite, magnetite and specularite as well as disseminated chalcopyrite, bornite, and covellite at surface.
2018
HNK-18-001 intersected 0.31% Cu, 0.35 g/t Au, 1.94 g/t Ag over 327.00 meters at the
Williams Zone (see Company news release datedAugust 14, 2018 )HNK-18-005 intersected 0.29% Cu, 0.36 g/t Au, and 1.92 g/t Ag over 326.00 meters at the
Williams Zone (see Company news release datedSeptember 10, 2018 )HNK-18-010 drilled at the
Boiling Zone target (“BZ”) returned 11.63 g/t Au and 13.8 g/t Ag over 20.00 meters (see Company news release datedOctober 15, 2018 )HNK-18-013 intersected 0.34% Cu, 0.42 g/t Au and 2.20 g/t Ag over 319 meters at the
Williams Zone (see Company news release datedNovember 28, 2018 )In 2018 Golden Ridge took the
Williams Zone from a blind, covered target to a significant alkalic porphyry discovery and continued to advance drilling in the LAZ.
2019
HNK-19-001 intersected 0.35% Cu, 0.28 g/t Au, and 1.71 g/t Ag over 278 meters at the
Williams Zone (see Company news release datedJuly 22, 2019 )
Click Image To View Full Size
Qualified Person:
Dr.
About
Golden Ridge is a TSX-V listed exploration company engaged in acquiring and advancing mineral properties located in
Chief Executive Officer
Tel: (250) 717-3151
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-looking information or statements. The Company undertakes no obligation to update forward-looking information or statements, other than as required by applicable law.
Neither the
Copyright (c) 2022 TheNewswire - All rights reserved.
Copyright (c) 2022 TheNewswire - All rights reserved., source