Mike Fagan,
Editor
July 14, 2021
Rockridge Resources (TSX-V: ROCK)(OTC: RRRLF) — currently trading around C$0.12 per share — has released the final batch of assays from its initial drill program focused on the Gilbert Lake North and Gilbert Lake South targets at the flagship Knife Lake Copper Project in Saskatchewan, Canada.
This was the first drilling to take place outside of the maiden Knife Lake deposit area [approx. 6 km to the west] and comprised 10 diamond drill holes via targets identified through airborne geophysical VTEM surveying conducted last winter.
The Rockridge team is highly encouraged by the results and is moving forward with a summer exploration program, which will include a new round of VTEM to be followed by a second drill program later in the year.
The company is working under the thesis that Knife Lake is a remobilized portion of a VMS deposit and that additional VMS deposits are located on the company’s 137,000-acre property, including at Gilbert Lake.
The main Knife Lake deposit contains 3.8 million tonnes (MT) Indicated at 1.02% copper-equivalent (CuEq) plus 7.9 MT Inferred at 0.67% CuEq.
Rockridge CEO, Jonathan Wiesblatt — whom you’ll be hearing more from momentarily — commented via press release:
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“From start to finish, the entire winter and spring exploration program including an airborne VTEM Plus survey and a 2,043m diamond drilling program at the Knife Lake Project was a great success overall. There are a number of exciting regional targets in close proximity to the Knife Lake deposit including the Gilbert Lake target area which was explored using modern day techniques for the very first time. The results thus far have further supported our working thesis that Knife Lake is not a one-off VMS deposit and that the prospects to add to the project’s global resource remain high. Our priority for the balance of 2021 is to return to Knife Lake and to continue to advance the project and the deposit in a rising copper price environment. Rockridge’s geological team is planning to return to Knife Lake later this summer to carry out an exploration program in preparation for another drill program later in the year. News flow will be forthcoming on these exploration programs.”
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As you’re about to discover, Saskatchewan is heating up big-time with lots of activity and investment capital flowing in. The hunt is on for VMS-style copper-dominant deposits in the region — and the Rockridge team is hot on it via the systematic exploration of its vastly unexplored 200+ sq mi Knife Lake property. Lots more to come!
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Yours in profits,
Mike Fagan
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.