Jan 27 2011
Rockridge Capital Corp. (TSX VENTURE:RRC) has announced assay results from the first 7 diamond drill holes (DDF-002 to DDF-008) completed from an ongoing 40 hole program.
Drill Highlights
No significant assays in DDF-008. Hole DDF-001 was abandoned before reaching target depth. Estimated True Widths between 60-75 percent of reported width.
Key Points
- 4 of 7 holes contain visible gold.
- All visible gold intercepts were in fresh rock, not in saprolite
- Drill holes DDF-002, -003, -004, and -005 all tested and intersected the same high grade gold zone over a 200m strike length. This zone remains open along strike and to depth.
- The high grade intercepts lie within a zone of artisanal surface workings that suggest the mineralized zone has a strike length of at least 3,000m. The workings lie within a 6,000m-long gold-in-soil anomaly that has the same north-south orientation as the high grade drill intercepts.
- Higher grade gold mineralization occurs along contact between metasediments and intermediate-felsic intrusive. Only 4 holes tested contact.
- Mineralization is contained in both metasediments and felsic intrusive(s).
Maps are available on the Company's website showing the location of the drill holes, the orientation of the high grade intercept, the locations of the artisanal workings, and the larger footprint of the gold-in-soil anomaly. These maps clearly demonstrate the large scale potential of the Fatou target.
It should also be noted that the Fatou target is one of four large gold-in-soil anomalies identified to date. The soil sampling grid has recently been expanded westward and results will be presented as soon as they are received. The diamond drill programme has re-started after the end-of-year break. The programme is designed to test all four of the known gold-in-soil anomalies.
The Fatou exploration permit covers 250 square kilometres and is located about 100 kilometres south of Anglogold-Ashanti/Randgold's Morila gold mine and is approximately 250 kilometres southeast of the capital city of Bamako. Access is excellent via a paved highway from Bamako to Zantiébougou and then by a lateritic road to the permit area.
Fatou is under an option agreement with Bagoe National Corporation SARL ("Bagoe"), a privately owned Malian company based in Bamako, Mali to earn a 100% undivided interest in the Fatou Gold Project. The Fatou Gold Project is located in southern Mali, under the terms of the Option agreement, Rockridge can acquire a 100% interest in the Fatou Project exploration license by making Option payments totalling $800,000 over three years and completing a minimum of 5,000 metres of exploration drilling. Rockridge will be the Operator of the project.
Mr. Lorne Warner, P. Geo, Director and VP Exploration, is the Qualified Person for the Company under NI 43-101. All samples were collected on site and sent to ALS-Chemex in Bamako for analysis. The company inserts a standard, blank and requests a duplicate sample be run in every batch of 20 samples. In addition, the lab inserts in-house blanks, standards, and duplicates with each shipment. Data that falls outside the control limits are checked and repeated as necessary.
Source: Rockridge Capital Corp.