2022-06-29 | TSXV:ROCK | Press release

Vancouver, BC, June 29, 2022 (GLOBE NEWSWIRE) — Rockridge Resources Ltd. (TSX-V: ROCK) (OTCQB: RRRLF) (Frankfurt: RR0) (“rocky ridge” or the “Company”) is pleased to announce that it has completed its 3D geophysical modeling of recently acquired VTEM data, which will be used to further refine the targeting of Rockridge’s upcoming drill program beginning in mid-July 2022 at Knife Lake High. -Grade Copper VMS Project located in Saskatchewan, Canada (the “Knife Lake Project” Where “Property”). Rockridge is fully funded and licensed for this drill program.

The Company is pleased to report that VTEM survey data displays up to 15 km strike length of highly conductive near-surface anomalies hosted in prospective stratigraphy in regional target areas. The regional target areas, which include the Gilbert Lake targets, have been previously identified through geological mapping, surface sampling and geochemical analyzes as a stratigraphy with high potential to host valuable copper occurrences and other occurrences of sulphide minerals. This stratigraphy is interpreted to be the same horizon that hosts the Knife Lake deposit.

Knife Lake VMS Project Location Map:

https://www.rockridgeresourcesltd.com/_resources/images/Knife-Lake-Region-20210331-003.jpg

Rockridge CEO Jonathan Wiesblatt said, “We are very excited about the upcoming drilling at our flagship asset and look forward to potentially making a new discovery and moving the project forward. 3D modeling of the five plates has confirmed our strategy that the Gilbert Lake target will be the primary focus of this upcoming drill program in mid-July 2022. The project remains an exciting exploration story that can offer investors exposure to a leading mining jurisdiction and high demand commodities such as copper, cobalt and zinc. We look forward to updating our shareholders in the coming weeks.”

Updates for the next diamond drilling program:

The 2022 drill program will focus on the highly prospective Gilbert Lake target area. The Gilbert Lake targets were identified from the results and interpretation of the 2021 geophysical, drilling and field programs. The results of these programs show that airborne VTEM surveys can successfully identify zones of type mineralization. VMS hosted in favorable stratigraphy on the property. Additionally, the Company has now finalized the 3D modeling of the VTEM data focusing on the highest priority drill targets for the upcoming program. Rockridge has signed all major contracts, including the drilling contractor, camp construction and helicopter rental. The drilling program is expected to start in mid-July 2022. The Company has also received its exploration license which expires in February 2024 and can therefore carry out drilling, geophysical work and prospecting.

Knife Lake Geology and Historythere:

The Knife Lake deposit is interpreted as a remobilized VMS deposit. The stratabound mineralized zone is approximately 15 m thick and contains copper, silver, zinc, gold and cobalt mineralization that dips 30° to 50° east over a known length in the Rockridge’s claim area of ​​3,700 metres, and a known mean drop-dip extension of approximately 300 metres.

Knife Lake deposit map:

https://www.rockridgeresourcesltd.com/_resources/projects/KnifeLake-Fig2.jpg

The deposit is hosted in felsic to intermediate volcanic and volcaniclastic rocks that have been metamorphosed to upper amphibolite facies. The deposit contains VMS mineralogy that has been significantly modified and partially remobilized during the emplacement of granitic rocks. The mineralization straddles the boundary between two rock units and is found on both sides of an interpreted overturned fold.

The Company completed twenty-four holes comprising 3,096 meters of diamond drilling during the 2019 and 2021 winter drill programs. This was the first drilling on the property since 2001. Both programs yielded the company’s technical team with valuable information on the property’s geology, alteration and mineralization that will be applied to future regional exploration across the highly prospective and underexplored land package.

knife lake VTEM and Sample survey:

https://www.rockridgeresourcesltd.com/_resources/maps/KF-FieldResults-20220110.png

Highlights from the drill programs include the previously reported hole KF19003 which intersected clean-textured to semi-massive sulphide mineralization from 11.2m to 48.8m at depth. This 37.6 meter interval returned 2.03% Cu, 0.19 g/t Au, 9.88 g/t Ag, 0.36% Zn and 0.01% Co for an estimate of 2.42% CuEq.

In August 2019, Rockridge announced an initial NI 43-101 resource estimate for the Knife Lake deposit, which consisted of an in-pit indicated resource of 3.8 million tonnes at 1.02% CuEq and an inferred resource. 7.9 million tonnes at 0.67% CuEq using a CuEq Cutoff of 0.4%. For more information, please refer to the August 14 press releasee2019 or NI 43-101 Technical Report Mineral Resource Estimate for the Knife Lake Property, Saskatchewan dated September 27, 2019, filed on Sedar.

Qualified person:

Kerry Bates, P. Geo., a “Qualified Person” for the purposes of National Instrument 43-101 – Disclosure Standards for Mining Projects, and a geologist employed by Eagle Plains Resources, has reviewed and approved the scientific and technical disclosure contained in this press release regarding the Knife Lake project.

About Rockridge Resources Ltd.:

Rockridge Resources (TSX.V: ROCK) is a public mining exploration company focused on the acquisition, exploration and development of mineral resource properties in Canada, particularly copper and gold. The Company’s principal copper project is the Knife Lake project located in Saskatchewan, ranked as one of the world’s leading mining jurisdictions by the Fraser Institute.

The project hosts the Knife Lake deposit, which is a near-surface VMS Cu-Co-Au-Ag-Zn deposit open laterally and at depth. There is strong discovery potential in and around the deposit area as well as on regional targets on the larger property package.

The Company’s secondary asset is the Raney Gold Project, which is a high-grade gold exploration project located in the same greenstone belt that hosts the world-class vein gold mining camps of Timmins and Kirkland Lake. Recently reported drill hole RN 20-06 intersected 28.0 g/t gold over 6.0 meters at a shallow vertical depth of 95 meters, which is the best result of the project to date. Rockridge’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships and the advancement of exploration projects in geopolitically favorable jurisdictions.

knife lake Copper Project location map:

https://www.rockridgeresourcesltd.com/_resources/projects/KnifeLake-Fig1.jpg

Additional information about Rockridge Resources and its portfolio of projects is available on the company’s website at www.rockridgeeresourcesltd.com.

Rockridge Resources Ltd.

“Jonathan Wiesblatt”

Jonathan Wiesblatt

CEO

For more information contact me or:

Jordan Trimble, President or

Riley Trimble, Corporate Communications

Rockridge Resources Ltd.

Phone: 604-687-3376

Toll Free: 800-567-8181

Fax: 604-687-3119

Email: [email protected]

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE RELEVANCE OR ACCURACY OF THE CONTENTS OF THIS RELEASE.

Forward-looking information

This press release includes certain statements that may be considered “forward-looking statements”. All statements contained in this press release, other than statements of historical facts, which address events or developments expected by the management of the Company, are forward-looking statements. Statements included in this announcement, including statements regarding our plans, intentions and expectations, which are not historical in nature, are intended to be, and are hereby identified as, “forward-looking statements”. Forward-looking statements can be identified by words such as “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. Although management believes that the expectations expressed in these forward-looking statements are based on reasonable assumptions, these statements are not guarantees of future performance, and actual results or developments may differ materially from those contained in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in the forward-looking statements include market prices, exploration and development success, the continued availability of capital and financing, and general economic conditions. , market or business. Please see the Company’s public documents at www.sedar.com for more information.

main logo