The Gold Report - Thu, Nov 29, 2018

Final Drill Results Confirm Significant Cu-Au Porphyry on Golden Triangle Asset

The mineralization at this explorer's project in British Columbia remains open in two directions.


Golden Ridge Resources Ltd. (GLDN:TSX.V) announced in a news release that the remaining drill holes on its Hank project confirm a significant copper-gold porphyry discovery in the Williams zone. Several 2018 drill holes ended in mineralization, leaving the system open at depth and laterally.

As for highlight assays from this asset in British Columbia's Golden Triangle, hole HNK-18-013 intersected 319 meters (319m) of 0.42 grams per ton (0.42 g/t) gold, 0.34% copper and 2.20 g/t silver, or 0.96 g/t gold equivalent. This included 131m of 0.68 g/t gold, 0.55% copper and 3.34 g/t silver, or 1.56 g/t gold equivalent. Hole HNK-18-013 was placed to the northeast of 2018 drill holes 001, 002 and 005.

Hole HNK-18-007 intersected 176.5m of 0.21 g/t gold, 0.20% copper and 2.51 g/t silver, or 0.54 g/t gold equivalent, between 427 and 603.50m. That included 30.92m of 0.21 g/t gold, 0.33% copper and 4.77 g/t silver, or 0.77 g/t gold equivalent, between 432.08 and 463m. HNK-18-007 was drilled to the southwest of 2018 hole 001, outside the Williams zone.

Other results, these being the final outcomes from the 2018 induced polarization geophysical imaging, show "a strong correlation between chargeability and mineralization," indicating significant room for expansion of the Williams porphyry.

The next step, according to the company, is for Golden Ridge to test the system at Hank in numerous directions, using larger drill rigs and focusing on the Williams zone. The goal is to further delineate the "size and tenor of the company's 2018 Cu-Au porphyry discovery," said Chris Paul, vice president of exploration, in the release.

1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click below for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Golden Ridge Resources, a company mentioned in this article. publishes interesting contributor articles in addition to its own content. We have not verified any of the above details.

Sign-up at (or for our Small Cap Stock Observer newsletter, and to set-up your own My Portfolio, My Watchlist & Alerts and News by Email preferences, or to post at our Bulletin Boards. Free!

Please note that nothing in this report should be taken as a recommendation in any way, and that everything from is subject to the terms of our Privacy Policy and Disclaimer.

comments powered by Disqus

Detailed Quote Portal

symbol lookup | (TSX add :ca)

Membership Privileges

  • Investors Guru Small Cap Stock Observer - newsletter emailed monthly!
  • Featured Stock Profiles - emailed on occasion!
  • News by Email - as it's released, according to your My Preferences!
  • My Portfolio - login to view or update your holdings, or have it emailed daily!
  • My Watchlist & Alerts - login to view or update your stock radar list, and set price triggers for email alerts!
  • Bulletin Boards - no need to request boards, just Quote it! Social Sign-on & Share your ideas, observations & trends!
  • Find it all! Find it Fast! Comprehensive stock research webpages. No more endless clicking!

Email: (see Privacy Policy)
Password: (4-15 characters)
Username: (4-15, BB posts etc)

unsubscribe anytime

Bookmark and Share

 Subscribe in a reader

Our Mobile Site