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Ellis Martin Report – “Rockridge Resources Intersects High-Grade Copper Eq at Knife Lake” (Audio)

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Ellis Martin Report – “Rockridge Resources Intersects High-Grade Copper Eq at Knife Lake” (Audio)

 

 

 

https://youtu.be/aVepIaDzjFw

 

 

Rockridge Resources Intersects Shallow, High-Grade Mineralization including 2.32% CuEq over 15.75m Starting from 13m Depth in Hole KF22029 at its at the Knife Lake Copper Project, Saskatchewan.

 

In this segment of The Ellis Martin Report we speak with Jonathan Weisblatt, the CEO of Rockridge Resources (TSX-V:ROCK) (OTC:RRRLF) as the company reports high grade copper equivalent from the drill program at the Knife Lake Copper Project in Saskatchewan, Canada. A company to consider as a potential investment in the copper space with great possible upside. Rockridge Intersects Shallow, High-Grade Mineralization including 2.32% CuEq over 15.75m Starting from 13m Depth in Hole KF22029 at its Knife Lake Copper Project, Saskatchewan

 

Rockridge Resources Ltd. is pleased to announce initial results from its recently completed diamond drilling program at its 100% owned Knife Lake Copper Project located in Saskatchewan, Canada. The Company drilled a total of 939 metres in six drill holes and has received assays and completed interpretation for four holes (635m). Results for the remaining two holes will be released once results have been compiled and interpretation is complete. The Knife Lake Project, consisting of 82 claims totaling 56,865 hectares (140,516 acres), is an advanced-stage copper, silver, zinc and cobalt exploration property in Saskatchewan host to the Knife Lake Deposit.

 

Knife Lake VMS Project Location Map:

 

https://www.rockridgeresourcesltd.com…

 

Jon Weisblatt, Rockridge’s CEO, commented: “The Knife Lake Deposit continues to exceed our expectations and these results illustrate why we believe Knife Lake and the surrounding target areas represent a potentially world-class, base metal project in a top mining jurisdiction. The high-grade results from Knife Lake further demonstrate how robust the near-surface copper deposit is as it acts as an anchor for several other prospective targets in the region. Furthermore, the initial results received from one hole at the regional target at Gilbert South illustrate how prospective the target area is as it shows similarities to the initial results from the Knife Lake Deposit in the early days of the discovery. We are garnering a much better understanding of the geology and these results are supportive of our thesis that Gilbert is part of a larger system common with VMS-style deposits. We will have news forthcoming on the remaining drill holes as well as plans for exploration at the project in 2023.”

 

Highlights:

 

Drilling at the Knife Lake Deposit (follow up to the 2019 and 2021 drill programs) returned 1.91% Cu, 0.23 g/t Au, 7.79 g/t Ag and 0.30% Zn (2.32% CuEq) over 15.75m beginning at 13.00m in hole KF22029

 

2022 drill program completed 939 meters in six drill holes; four holes reported here with assays pending for two additional holes

 

Highlight drill intercepts at the Gilbert South target area include pyrrhotite-pyrite dominant VMS-style mineralization hosted at the same stratigraphic horizon as the Knife Lake Deposit

 

Drilling focused on discovering VMS style copper deposits along newly defined conductors at Gilbert South and Gilbert West as well as at the Knife Lake VMS deposit

 

The Knife Lake Deposit is thought to be a remobilized portion of a “primary” VMS deposit; most of the historical work has consisted of shallow drilling at the deposit area with little regional work carried out and limited deeper drilling below the deposit

 

Over 300 holes provided data for first NI 43-101 resource estimate of the shallow Knife Lake deposit Knife Lake

 

NI 43-101 resource estimate from 2019 provides excellent anchor for Project and includes indicated resources of 3.8 MT at 1.02% CuEq. (3.8 MT at 0.83% Cu, 3.7 g/t Ag, 0.097 g/t Au, 82 ppm Co,1740.7 ppm Zn) as well as inferred resources of 7.9 MT at 0.67% Cu Eq (7.9 MT at 0.53% Cu, 2.4 g/t Ag, 0.084 g/t Au, 53.1 ppm Co, 1454.9 ppm Zn)

 

There is strong discovery potential in and around the deposit as well as at regional targets on the Property; modern exploration techniques and methods are being utilized with a goal of making new discoveries

 

Planning is underway for 2023 exploration programs

 

Summer Diamond Drilling Program:

 

The focus of the 2022 drill program was continued infill and expansion drilling at the deposit, with the intent of upgrading existing mineral resource estimates and to better understand the geology at the Knife Lake Deposit. In addition to the Deposit drilling, exploratory drill holes were completed at the highly prospective Gilbert Lake target area. The program consisted of 936m total metres drilled in six drill holes with four holes drilled at the Deposit.

 

Courtesy of the Ellis Martin Report

 

www.rockridgeresourceltd.com

 

 

 

 

Posted November 7, 2022

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