Rockridge Resources (TSX-V: ROCK)(OTC: RRRLF) CEO Jon Wiesblatt on Expansion of Drilling Program On Potential New Discovery at Flagship Knife Lake Copper Project, Saskatchewan, Canada
Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the CEO of Rockridge Resources — Mr. Jon Wiesblatt. Jon, how are you this morning?
Jon Wiesblatt: I'm doing great, Gerardo. How are you doing?
Gerardo Del Real: I'm fantastic! Thank you for coming on on such short notice. Anytime I see a news release with the words, “expands drill program,” “visual mineralization,” “pretty core,” — you hit all the key words, right? It's exciting!
Jon Wiesblatt: Yeah!
Gerardo Del Real: It's exciting. And so for those not familiar, you had some news this morning: Rockridge expanded the Knife Lake drill program. I would love for you to share the details and provide the context as to why.
Jon Wiesblatt: Yeah, so thanks again for having me on. And for those that haven't read, we announced this morning that we've expanded the drilling at the Knife Lake core property for Rockridge Resources, which is our copper property in Saskatchewan.
We expanded that drilling from 1,600 meters to 2,100 meters because of early visual success that we're getting from some of the holes coming out of the new targets. So eight holes have been completed from the program just 5 to 6 kilometers west of the known Knife Lake deposit.
The target areas were previously undrilled. It's very important, Gerardo, that you and your listeners understand that this part of the property has been untested to-date for the most part. So the target area was previously undrilled, and it has intersected visual indications of VMS-style mineralization very similar to what we've seen in the past from the Knife Lake core deposit.
Like I said, very little historic exploration has been done at Gilbert North and Gilbert South. These targets were identified from a recent geophysical airborne survey that we conducted in February and early-March. So the exploration program is executing, and it is doing what it was meant to do.
And the last thing that I would like to say is that these recent results, what we're seeing thus far, is confirmation of our thesis that this is a remobilized portion of a primary VMS deposit. Super excited and can't wait to continue to explore this very prospective property.
Gerardo Del Real: Obviously, the proof is in the pudding and will be. And so, that being the assays… when can we anticipate assay results?
Jon Wiesblatt: It's going to be a few weeks from now so we're hoping sometime later in the spring, early in the summer. As soon as we can get them to the market, we are super excited to share the results with everybody.
Gerardo Del Real: And again, just to be absolutely clear, this is 5 to 6 kilometers to the west of the Knife Lake deposit. So if the numbers are favorable and match the current enthusiasm, we're talking brand new discovery, correct?
Jon Wiesblatt: That would be correct, Gerardo, absolutely!
Gerardo Del Real: And that's a big deal because you have a tiny market cap of just over C$12 million. You're fully financed for this drill program and, again, having the same host rock 5 to 6 kilometers to the west, I can't wait for the assays. Anything else to add to that, Jon?
Jon Wiesblatt: I think we covered everything, Gerardo.
Gerardo Del Real: Excellent! Well, thanks again for your time. And hopefully, in a couple of weeks, we're chatting again and putting some numbers to the visuals.
Jon Wiesblatt: You got it! Thank you.
Gerardo Del Real: Thank you.