Knife Lake Copper Project Gets Major Boost
by Mike Fagan
Rockridge Resources (TSX-V: ROCK)(OTC: RRRLF) — currently trading below C$0.20 per share — has now increased the area of its flagship Knife Lake copper-dominant project in Saskatchewan, Canada, by 70% with the staking of additional claims to the south of the main Knife Lake deposit and Gilbert Lake target areas. The newly-staked ground — which brings the total project area to over 135,000 acres or 200+ sq mi — comes on the heels of the company’s decision to increase its current drill program from 1,600 meters to 2,100 meters upon indications of VMS-style mineralization in the first several drill holes.
Rockridge CEO, Jon Wiesblatt — whom you’re about to hear more from — commented via press release:
“The increased project area by 70% and expanded winter / spring drilling program is a clear indication of our overall confidence in the future success at Knife Lake. The most recent drill program is focused on new, highly prospective regional targets 5 — 6 km west of the Knife Lake deposit area. These new target areas, known as Gilbert Lake South and Gilbert Lake North, were previously undrilled and drilling in the current program has intersected visual indications of VMS-style mineralization. Through the staking of additional ground at Knife Lake we have added highly prospective stratigraphy to the project including the southern strike extension of both the Gilbert and Scimitar trends."
Momentum is now building as the company targets VMS-style mineralization in and around the main Knife Lake deposit [3.8 million tonnes Indicated at 1.02% copper equivalent] and at regional targets identified through airborne geophysics that have yet to be drill-tested.
The Rockridge team considers the newly-acquired claims to be highly-prospective for VMS mineralization — setting the stage for what could prove to be a district scale copper-dominant resource in a Tier-1 jurisdiction with the red metal trading at 8-year highs above US$4 per pound.
Our own Gerardo Del Real of Junior Resource Monthly caught up with Rockridge CEO, Jon Wiesblatt, to go over the newly-acquired claims and the current drilling at Knife Lake. Tune in to that conversation here (transcript is available).
Be sure to also click here for our updated report on Rockridge Resources.
Yours in profits,
Editor, Resource Stock Digest
Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad, Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest and Hard Asset Digest readers.