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Golden Ridge Resources Ltd
Symbol GLDN
Shares Issued 97,427,292
Close 2019-06-13 C$ 0.18
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Golden Ridge Resources begins drilling at Hank

2019-06-14 09:10 ET - News Release

Mr. Mike Blady reports


Crews have been mobilized and drilling has commenced at Golden Ridge Resources Ltd.'s 100-per-cent-owned Hank project, located in British Columbia's prolific Golden Triangle. Details about the 2019 program can be found in a company news release dated May 23, 2019. The first hole of the program is designed to test the northeast extension of the Williams zone beyond HNK-18-013, which returned 318.73 metres of 0.42 gram per tonne gold, 0.34 per cent copper and 2.20 grams per tonne silver. Drill pad construction for HNK-19-002 and HNK-19-003 in the Boiling zone, as well as HNK-19-004 and HNK-19-005 in the Creek zone, has begun and is expected to be completed within the week.

Program highlights:

  • Two thousand nineteen drilling will focus on expanding two drilling discoveries made by the company during the 2018 campaign at the Williams (HNK-18-013 -- 318.73 metres of 0.42 gram per tonne Au, 0.34 per cent Cu and 2.20 grams per tonne Ag) and Boiling (HNK-18-010 -- 20 metres of 11.63 grams per tonne Au and 13.8 grams per tonne Ag) zones.
  • The 2019 campaign will utilize a Zinex A5 heliportable drill rig with drilling capabilities down to 1,325 metres (NQ), allowing the company to test the Williams zone at far greater depths than possible during the 2018 campaign.
  • Golden Ridge will be operating from the company's exploration camp located on Highway 37, within 15 kilometres of the project, allowing for low-cost highway access and minimal flight times during the 2019 campaign.

Mike Blady, chief executive officer, president and a director of Golden Ridge, commented: "We are very excited to be commencing our field season nearly a month earlier than last year. A low snowpack and early spring will allow us to aggressively test and build out on our two new drilling discoveries from last year. Two thousand nineteen will be a defining year for our company as we continue to unlock the potential of the Hank project."

Qualified person

William Yeomans, PGeo, technical adviser to the company, is a qualified person as defined by National Instrument 43-101. Mr. Yeomans has reviewed and approved the technical data in this news release.

About Golden Ridge Resources Ltd.

Golden Ridge Resources is a TSX Venture Exchange-listed exploration company engaged in acquiring and advancing mineral properties located in British Columbia. Golden Ridge Resources currently has an option to acquire a 100-per-cent interest in the 1,700-hectare Hank gold-silver-lead-zinc property located in the Golden Triangle district, approximately 140 kilometres north of Stewart, B.C.

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