Rockridge Capital Discovers Over 8 Kilometres of Additional Gold in Soil Anomalies at Fatou Gold Project in Mali, West Africa
February 22 2011 - 6:00AM
Marketwired
Rockridge Capital Corp. (TSX VENTURE: RRC) (the "Company") is
pleased to announce assay results from 2644 termite mound soil
samples collected west of the 2010 soil survey. The 2011 survey
covers an area of over 47 square kilometres.
Key Points
-- Three significant soil anomalies, Digan North, Digan, and Digan South,
have been discovered, with a combined length of over 8.0 kilometres.
-- Two of the anomalies remain open to the west.
-- All three anomalies are located in close proximity to inferred Birimian
metasediment / intrusive contacts.
-- Anomalous values range up to 2085 ppb.
-- Coincident arsenic with gold soil anomalies are found over the
metasediments.
-- A total of over 20 kilometres of gold in soil anomalies have now been
delineated on the Fatou property with several remaining open.
-- Three structural corridors appear to occur on the property, all trending
north-south, with the majority of the gold in soil anomalies occurring
along these corridors.
-- Additional soil sampling is currently being conducted over all soil
anomalies with 2845 samples collected to date.
-- Maps depicting the locations of all anomalies discovered to date are
presented on the Company's website at www.rockridgecapitalcorp.com
Results of the 2011 Soil Sampling Program
Three large anomalies have been outlined from the 2011 soil
sampling program; Digan North, Digan and Digan South. The anomalies
are based on 200 metre spaced lines with soil samples collected at
100 metre intervals and values over 20 ppb gold.
There are ten additional, smaller, gold in soil anomalies
present, with values of up to 2085 ppb gold which require
additional detailed soil sampling. These soil anomalies range in
size from an individual sample to anomalies trending over 500
metres in length and 200 metres in width.
Digan North Anomaly
This gold in soil anomaly covers approximately 4000m x 600m,
trends northeast and is coincident with a strong arsenic anomaly
measuring 2000m x 1300m. The anomaly occurs at an inferred
intrusive / metasedimentary contact and is located along the main
road to site. The highest value recorded is 256 ppb gold and the
anomaly remains open to the west into the intrusive. Intrusive
boulders in the area are of granodioritic composition.
Digan Anomaly
This anomaly is approximately 3000m x 250m in size, trending
mainly east-west. There is a coincident arsenic soil anomaly
measuring 600m x 500m occurring at inferred intrusive /
metasediment contact and the anomaly remains open to the west. The
highest gold value is 237 ppb. The Digan anomaly is located 1.8
kilometres south of the Digan North Anomaly and has road
access.
Digan South Anomaly
Digan South is located 3km south of the Digan soil anomaly and
covers an area of 800m x 500m. The highest gold in soil value is
118 ppb with, and is coincident with and flanking a north-south
trending arsenic anomaly measuring 1400m x 800m. This anomaly
occurs within 900m of an inferred intrusive / metasedimentary
contact.
Results from soil sampling on the Fatou property to date
indicate the presence of three north-south trending structural
corridors now called Digan, Fatou and Fininko.
-- The Digan Structural Corridor occurs close to and east of an inferred
north-south trending granite batholith / metasedimentary contact and
crosses all three Digan gold in soil anomalies.
-- The Fatou Structural Corridor runs through the six kilometre long Fatou
gold in soil anomaly and may extend to the East Mafic Volcanic gold in
soil anomaly situated approximately four kilometres to the south of the
Fatou anomaly. Drill testing of the Fatou Zone confirms mineralization
is north-south trending, occurring along brittle-ductile deformation
zones. Artisanal mining along the Fatou trend has occurred along a four
kilometre, north-south trend.
-- The Fininko Structural Corridor runs through the Fininko gold in soil
anomaly and may continue north based on several spot gold in soil
anomalies occurring to the north for over four kilometres. Previous
drilling also indicates mineralization is also trending north-south.
Recently, an additional 2845 soil samples have been collected
over most of the soil anomalies on 100 metre spaced lines at 50
metre intervals. Test pits are being excavated at selected
anomalies, digging to 4 metre depths with samples collected for
assay, panning for potential visible gold and geological mapping of
pit walls. A reverse circulation drill is being mobilized to site
to further evaluate all gold in soil anomalies with a minimum 5000
metre program planned to commence in May.
An airborne geophysical survey covering the entire claim area is
planned for April 2011. Diamond drilling continues on main Fatou
Gold Zone; to date, 14 drill holes of the 40 hole program have been
completed.
The Fatou exploration permit covers 250 square kilometres and is
located about 100 kilometres south of Anglogold-Ashanti/Randgold's
Morila gold mine and is approximately 250 kilometres southeast of
the capital city of Bamako. Access is excellent via a paved highway
from Bamako to Zantiebougou and then by a lateritic road to the
permit area.
Fatou is under an option agreement with Bagoe National
Corporation SARL, ("Bagoe") a privately owned Malian company based
in Bamako, Mali. Under the terms of the Option agreement, Rockridge
can acquire a 100% interest in the Fatou Project exploration
license by making Option payments totalling $800,000 over three
years and completing a minimum of 5,000 metres of exploration
drilling. Rockridge is the Operator of the project.
Mr. Lorne Warner, P. Geo, Director and VP Exploration, is the
Qualified Person for the Company under NI 43-101. All samples were
collected on site and sent to ALS-Chemex in Bamako for analysis.
The company inserts a standard, blank and requests a duplicate
sample be run in every batch of 20 samples. In addition, the lab
inserts in-house blanks, standards, and duplicates with each
shipment. Data that falls outside the control limits are checked
and repeated as necessary.
ON BEHALF OF THE BOARD OF DIRECTORS OF ROCKRIDGE CAPITAL
CORP.
Karl Kottmeier, President
The TSX Venture Exchange has in no way passed upon the merits of
the proposed transaction and has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this
press release.
Contacts: Rockridge Capital Corp. Karl Kottmeier President (604)
678 8941 Rockridge Capital Corp. Kirk Gamley VP Corporate
Development (604) 678 8941 (604) 689 7442 (FAX)
www.rockridgecapitalcorp.com
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