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Table 1 – Highlighted 2020 Heritage Project Drilling Intersections4
Till Geochemistry Program Details
The 2022 till geochemistry program will focus on and around previously identified geophysical and geochemical anomalies with the specific purpose of expanding the Eagle, Turpin, and Pinnacle Zones along strike, as well as generating additional targets. The program will be guided by the results of the 2020 high-resolution airborne magnetic survey, which proved highly effective due to the low topographic relief in defining potential geophysical anomalies (see
The sampling program will proceed as follows:
Phase 1: 1,200 stations across two separate 200m x 25m grids centered on the Point May Epithermal System and the Peter’s Brook Showing to establish more clearly the full strike length of the known mineralized zones.
Phase 2: 1,000 stations on a coarser 400m x 50m grid over the underexplored portions of the
Phase 3: 300 stations on a 200m x 25m grid focusing on the Eagle’s Claw showing of the
“Golden Ridge is excited to begin the till geochemistry program on the
1This news release contains information about adjacent properties on which Golden Ridge has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company’s properties
2The Company’s QP, as defined under NI 43-101, has neither prepared nor verified the quality of the historical data.
3The 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.
4Gold and Silver equivalent is calculated using 0.0146 ratio.
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Figure 1- Regional geology map of the western
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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) 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
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