Mike Fagan,
Editor
June 18, 2021
Rockridge Resources (TSX-V: ROCK)(OTC: RRRLF) — currently trading around C$0.15 per share — has announced assay results from 9 of 12 holes from its recently completed 2,000-meter drill program at the flagship Knife Lake Copper Project in Saskatchewan, Canada.
Highlights include:
- 1.95% copper, 0.11 rams per tonne (g/t) gold, 7.41 g/t silver, 0.53% zinc, and
- 0.02% Cobalt — or 2.34% Copper Equivalent (CuEq) — over 14 meters.
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Rockridge CEO, Jonathan Wiesblatt — whom you’ll be hearing more from in just a second — commented via press release:
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“Although the Knife Lake Deposit was discovered many years ago the exploration in and around the maiden resource has been negligible until just recently. The airborne VTEM Plus survey that was conducted in 2021 expanded the regional target areas beyond the Knife Lake deposit increasing the probabilities of making new and potentially meaningful discoveries. The work at Gilbert Lake has been the first drilling program beyond the Knife Lake Deposit in decades and the results thus far have been very encouraging. We believe that the discovery potential at the broader 15km Gilbert trend remains high and warrants follow up work in the near term which is currently being planned. We continue to learn more about the Knife Lake Deposit and are compelled by its high grade and near-surface composition. The progress we have made at Knife Lake is excellent and lines up with our thesis that the known deposit is a remobilized portion of a larger VMS system.”
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The newly reported mineralized intercepts from the more widely drilled Knife Lake deposit area should go a long way in enabling Rockridge to upgrade resources from the Inferred to the Indicated category while also potentially increasing tonnage.
Yet, more importantly, a total of 8 holes were drilled approximately 6 km away from the main Knife Lake deposit [3.8 million tonnes (MT) Indicated at 1.02% CuEq plus 7.9 MT Inferred at 0.67% CuEq] in a brand new untested and undrilled area known as Gilbert Lake.
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The company reports that nearly every hole in that area from the recently completed program intersected mineralization — pointing to discovery potential along the broader 15 km Gilbert Trend.
With targets now identified through drilling and via the company’s 2021 airborne VTEM survey — the Rockridge team, led by Jon Wiesblatt, is putting together a summer exploration program focused on the Gilbert Lake North and Gilbert Lake South target areas.
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Hence, with VMS systems typically characterized by mineralized clusters, the Rockridge team is gaining confidence in the potential for Gilbert Lake to lay host to the next discovery on the company’s massive and largely unexplored 200+ square mile Knife Lake property.
Our own Gerardo Del Real of Junior Resource Monthly caught up with Rockridge CEO, Jon Wiesblatt, to go over the latest drill results and next-steps for Knife Lake plus a quick look at the copper market in general. CLICK HERE TO LISTEN. Transcript is also available.
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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.