Rockridge Resources (TSX-V: ROCK)(OTC: RRRLF) CEO Jon Wiesblatt on Increased Land Package at Knife Lake Copper Project, Saskatchewan & Potential for Multiple VMS Discoveries through Drilling
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 excellent, Gerardo. How are you doing?
Gerardo Del Real: I am well. Thank you for asking. You know what, Jon, we don't have assays back yet, but I tell you what, you and the Rockridge team sure are acting like you're on to a discovery! You had some news this morning that I think speaks to that.
You announced additional ground at the Knife Lake Copper Project. We talked a bit, I believe last week, about the visible mineralization. And, obviously, that's now led to an increase in the drilling program and an increase to the project area by 70%. I would love for you to provide the context. How are things going?
Jon Wiesblatt: Things are going great and we're super excited, like we said, about the early visual mineralization that we saw in the first few drill holes from the winter campaign. And that led to us acquiring additional mineral rights through staking at Knife Lake, as you mentioned. So we now have a total of more than 55,000 hectares, which is an increase of 70% to the total Knife Lake land package.
Early success at the drilling program prompted an increase in the drilling program from 1,600 meters to 2,100 meters, and, like I just mentioned, a 70% bump in the total land package.
We strengthened the land package to the northwest of the maiden deposit. And the main quarter is now around 14 kilometers north to south… so a huge, huge strike length. It increases our targets at Gilbert Lake — both at Gilbert Lake North and Gilbert Lake South — and a much higher probability of new discoveries to be made at the Gilbert property.
So like we said at the beginning of this call, we're super excited about the early campaign.
Gerardo Del Real: And again, for people that are just now catching on, there's already an existing resource; an existing VMS-style copper deposit. And that's important because these tend to happen, not in isolation, but in clusters, right?
Jon Wiesblatt: Correct. So we believe that this is a remobilized VMS deposit. And these deposits, in this part of the country, they don't exist, typically, as one-offs. Usually, these are clusters of deposits. And we think that we might be on to a new discovery at the Gilbert Lake area.
Gerardo Del Real: We'll know soon when the assays come back. You also believe that there could be multiple deposits along strike and on the property package, correct?
Jon Wiesblatt: Correct. And by increasing the land package through staking, we're just increasing the probability of finding more copper and other base metals in the area.
Gerardo Del Real: Fantastic! Assays; when do we expect those?
Jon Wiesblatt: The first batch should be coming later in the month of April or early-May and then pretty periodically throughout the late-spring and early-summer.
Gerardo Del Real: Excellent!
Jon Wiesblatt: Just to remind you, we're cashed up for the program. We did a C$2.5 million round in March, and that was a unit deal. And this program is fully financed, and we're ready to go.
Gerardo Del Real: Visible mineralization, assays pending, drilling, exploration upside, a tiny market cap, copper is over four bucks again. A lot to like! Anything to add to that, Jon?
Jon Wiesblatt: I think you hit all of the nails on the head.
Gerardo Del Real: Well, I appreciate your time and I can't wait for you to get back on and chat assays.
Jon Wiesblatt: Thanks, Gerardo.
Gerardo Del Real: Excellent. Thanks, Jon.