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Golden Ridge drills 20 meters of 11.63-g/t gold at new Hank discovery

Initial assays from drilling on the Boiling zone at Golden Ridge Resources Ltd.'s early stage Hank property returned a highlight of 20 meters grading 11.63 g/t gold and 13.84 g/t silver from a depth of 116 meters.

The company said Oct. 15 that the result represents a new high-grade gold discovery at Hank as gold and silver grades were not associated with high lead and zinc grades typical of the Lower Alteration Zone on the property in British Columbia's Golden Triangle.

Samples returning grades above the limit of 25 g/t gold were reanalyzed to confirm the presence of coarse free gold.

"This new style of mineralization and high ratio of precious to base metals indicate a higher temperature zone within the overall epithermal system, which may be vectoring towards the core and potentially higher grades," said Chris Paul, vice president of exploration at Golden Ridge. "We are excited at the contemplated step-out drilling program on the Boiling zone in 2019 and the testing of extensions along strike and at depth."

Golden Ridge also completed drilling on the Kaip zone at Hank, highlighting an assay comprising 168.60 meters grading 0.27 g/t gold, 1.99 g/t silver and 0.045% zinc from 274.4 meters.

Further drill results from the program are pending, with the company noting extended turnaround times at laboratories in the region.

In August, Golden Ridge outlined the discovery of a new copper-gold porphyry deposit in the Hank project's Williams zone.