{"id":147284,"date":"2019-05-08T09:47:10","date_gmt":"2019-05-08T13:47:10","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=147284"},"modified":"2019-05-08T09:47:10","modified_gmt":"2019-05-08T13:47:10","slug":"rockridge-resources-reports-blockbuster-copper-intercept","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/05\/rockridge-resources-reports-blockbuster-copper-intercept\/","title":{"rendered":"Rockridge Resources Reports Blockbuster Copper Intercept"},"content":{"rendered":"
May 8, 2019<\/div>
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Peter Epstein:\u00a0\u00a0 <\/b><\/strong>Epstein Research<\/b><\/u><\/strong><\/a>\u00a0\u00a0\u00a0\u00a0<\/b><\/strong>epstein.peter4@gmail.com<\/b><\/u><\/strong><\/a><\/p>\n

Rockridge Resources<\/strong> (TSX-V: ROCK) <\/strong>is a fairly new mineral exploration company focused on the acquisition, exploration\u00a0& development of mineral resource properties in Canada. Its focus is copper & base metals. More specifically, base, green energy & battery metals, of which\u00a0copper is all three!<\/strong>\u00a0Not just any place in Canada, world-class mining jurisdictions such as\u00a0Saskatchewan<\/strong>. And, not just good jurisdictions, but in mining camps with significant past exploration, development or production, in close proximity to key mining infrastructure.<\/p>\n

The Company\u2019s flagship project Knife Lake<\/strong> is in Saskatchewan, Canada, (ranked 3rd best mining jurisdiction in the world<\/em>) in the Fraser Institute <\/strong>Mining Company Survey<\/em>. The Project hosts the Knife Lake<\/strong> deposit, a near-surface, (high-grade<\/strong> copper) VMS<\/strong> copper-cobalt-gold-silver-zinc deposit open along strike and at depth<\/strong>. Management believes there\u2019s strong discovery potential in and around the deposit area, and at additional targets on ~85,000 hectares of contiguous claims.<\/p>\n

On May 7th Rockridge <\/strong>reported additional results from its Winter diamond drill program at its flagship Knife Lake<\/strong> project in Saskatchewan. Hot on the heels of last week\u2019s press release<\/a><\/strong> (April 30th) of 2 holes, comes 3 more. I was planning on writing an article on those excellent results, but Equity.Guru<\/strong><\/a> beat me to the punch, putting out this well done piece<\/a><\/strong>. Readers following along may recall that the key takeaway was that holes KF19001 <\/strong>& KF19002<\/strong> largely confirmed historical grades, intercept widths & geological conditions. Fast forward to May 7th<\/strong>, and management\u2019s interpretation of drill holes KF19003, KF19004 <\/strong>& KF19005 was announced<\/a>.<\/strong> Results on the remaining 7 holes will be released over the next 20-30 days. As a reminder, Rockridge<\/strong> has an option agreement with Eagle Plains Resources<\/strong>\u00a0to acquire a 100% Interest in the majority of the Knife Lake Cu-Zn-Ag-Au-Co <\/strong>VMS deposit.<\/p>\n

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Earlier this year, Rockridge<\/strong> drilled 12 holes for a total of 1,053 meters. Importantly, this represents the first work on the property since 2001. Readers may recall from reading past articles & interviews on Epstein Research<\/a><\/strong> and Equity.Guru<\/a><\/strong> and viewing videos of CEO Trimble<\/a><\/strong>, that the Company\u2019s primary goal is to explore districts that have been under-explored, never explored, or not recently explored. Management\u2019s highly skilled and experienced technical team & advisors deploy the latest exploration technologies & methods. A lot has changed in 18 years; a simple example would be the use of drones to fly various surveys. Whatever management is doing seems to be working, as evidenced by 2 of the first 5 holes returning very strong results, and the third hole, KF19003<\/strong> a true blockbuster.<\/p>\n

Hole KF19003<\/strong> was even better than the first 2 holes. In fact, significantly better, with a grade (Cu Eq<\/em>.) x thickness (in meters<\/em>) value of 91, compared to 41 & 49. Make no mistake, KF19001 \/ 19002<\/strong> were great, they averaged<\/strong> 1.21 Cu Eq<\/strong>. over an average 38.5m<\/strong>. But, KF19003<\/strong>, WAS<\/strong> something to write home about<\/em>\u2026. [if under the age of 30, Google<\/strong> the idiom, \u201cnothing to write home about<\/em>\u201c]. Near-surface like the first 2 holes, the 37.6m interval assayed 2% Cu<\/strong>, 0.2 g\/t Au, 9.9 g\/t Ag, 0.36% Zn & 0.01% Co<\/strong>, for an estimated 2.42% Cu Eq<\/strong>. grade. 2% Cu over 37.6 meters is a tremendous showing at under 41 meters downhole.<\/p>

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Holes KF19004<\/strong> & KF19005<\/strong> were mineralized, but had narrower intercept widths of interest. Still, there were attractive Cu Eq. <\/strong>grades (1.25%<\/strong> & 1.20%<\/strong>, respectively<\/em>). Interestingly, Gallium (up to 25.6 ppm<\/em>) & Indium (up to 15.2 ppm<\/em>) values were found in the mineralized zones of all 3 holes. Those 2 Rare Earth Metals trade at an average of about US$300\/kg.<\/strong> Each 10 ppm = 1kg\/tonne. KF19004<\/strong> & KF19005<\/strong> confirmed mineralization up-dip of historically drilled high grade mineralization. So, those 2 holes were like KF19001<\/strong> & KF19002<\/strong>, important in building the potential resource size. All activities this year advance the Project toward a NI 43-101 compliant mineral resource estimate.<\/p>\n

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Perhaps best of all, drill hole KF19003<\/strong> confirmed high-grade mineralization up-dip of KF19002<\/strong> in an area where no historical drilling is known to have been done<\/strong>. Therefore, this assay, and perhaps nearby assays to follow, will increase the size & grade of the upcoming mineral resource estimate. There was also encouraging zinc values, incl. 4m (from the 37.6m<\/em>) of 1.32% Zn<\/strong>, nearly C$50\/tonne <\/strong>rock. Gold values up to 0.63 g\/t<\/strong> are interesting, but like the zinc I\u2019m referring to only the best grades, from smaller intercepts. That 4m interval I mentioned also had 7.54% Cu<\/strong>. This is clearly a COPPER deposit, Knife Lake<\/strong> is a near-surface, high-grade Cu project. See drill hole results from KF19001 \u2013 KF19005<\/strong> below. Holes KF19001<\/strong> & KF19002<\/strong> were released on April 30th, and KF19003-KF19005<\/strong> on May 7th<\/p>\n

Rockridge\u2019s President & CEO, Jordan Trimble<\/strong> commented: \u201cThe results from drill hole <\/em>KF19003<\/strong>, specifically <\/em>2.42% Cu Eq.<\/strong> over 37.6m, <\/em>far exceeded our expectations<\/strong> and represents <\/em>one of the best holes ever drilled on the project<\/strong>. It is important to note that this drill hole was collared in an area where\u00a0no historical drilling has been reported. As such these drill results are expected to have a positive impact on the historical resource. Final results from the remaining 7 drill holes are pending and will provide steady news flow over the near term<\/em>.\u201d<\/p>\n

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Drill indicated intercepts (core length) are reported as drilled widths and true thickness is undetermined.\u200b \u200b{details about calculation of Cu Eq. grade can be found in the press release}.{details about calculation of <\/em>Cu Eq<\/em><\/strong>. grade can be found <\/em>in the press release<\/em><\/a><\/strong>}.<\/p>\n

From the press release, \u201cThe <\/em>Knife Lake<\/em><\/strong> area saw extensive exploration from the late\u00a01960s to the\u00a01990s with the last documented work program completed in 2001. Between 1996 and 1998, Leader Mining completed 315 diamond drill holes, outlining a broad zone of mineralization occurring at a depth of less than 100 m. Late in 1998, Leader published an historical estimate, reporting a, \u201cdrill-indicated\u201d resource of 20.3\u00a0M tonnes, grading 0.6% Cu, 0.1 g\/t Au, 3 g\/t Ag, 0.06% Co & 0.11% Zn. Within the historical\u00a0estimate there is a higher\u00a0grade zone containing <\/em>11.0 M tonnes of 0.75% Cu<\/em><\/strong>, plus other metals<\/em>.\u201d<\/p>\n

NOTE: <\/strong>These mineral resource estimates are not supported by a compliant NI 43-101 technical report.\u00a0A qualified person\u00a0has not done the work to classify these estimates as current mineral resources in accordance with NI 43-101 standards. Furthermore, the categories used for these historical resource estimates are described as, \u201cdrill-indicated\u201d. This is not a NI 43-101 resource category, but based on the methodologies & drill hole spacing, management believes it would likely be classified as Inferred<\/em>.<\/p>\n

The Project is within the word famous\u00a0Flin\u00a0Flon-Snow Lake mining district<\/strong>\u00a0that contains a\u00a0prolific\u00a0VMS<\/strong>\u00a0base metals belt. Management paid\u00a0< half a penny\/lb. of copper\u00a0<\/em><\/strong>and they believe there\u2019s tremendous exploration upside. The goal? High-grade discoveries in a mineralized belt that could host multiple deposits, as\u00a0VMS-<\/strong>style zones often contain clusters of mineralized zones. Of course, the trick is finding them. No modern exploration, drilling or technology has been deployed at\u00a0Knife Lake<\/strong>. It was discovered 50 years ago and last explored in the 1990s. Airborne geophysics, regional mapping & geochemistry was done. Management believes that modern geophysics; high resolution, deep penetrating EM & drone mag surveys to cover large areas in detail, could make a big difference.<\/p>\n

The deposit remains open at depth. Additional discoveries are very possible as the property is > 85,000 hectares in size. The Winer drill program marks the end of the beginning of this highly prospective Project. Importantly, the program gives the Company\u2019s technical team valuable information about geology, alteration & mineralization that will be applied to regional exploration targets. According to the press release, most of the historical work was shallow drilling in and around the deposit area. Very little regional or district work has been documented. In fact, there wasn\u2019t even much drilling done below the deposit. That\u2019s why management is optimistic about the discovery potential both at depth and regionally. I\u2019m excited to see what the next 7 assays add to the Rockridge Resources<\/strong> (TSX-V: ROCK<\/strong>) story!<\/p>\n

Disclosures<\/strong>: The content of this article is for information only. Readers fully understand and agree that\u00a0nothing\u00a0contained herein,\u00a0written\u00a0by Peter Epstein of\u00a0<\/em>Epstein Research<\/em><\/a>\u00a0[ER<\/strong>],\u00a0<\/em>(together,\u00a0<\/em>[ER]\u00a0about\u00a0Rockridge Resources,\u00a0including but not limited to, commentary, opinions, views, assumptions, reported facts, calculations, etc. is to be considered implicit or explicit investment advice. Nothing\u00a0contained herein is a recommendation\u00a0or solicitation to buy or sell any security.\u00a0<\/em>[ER]\u00a0is not\u00a0responsible under any circumstances for investment actions taken by the reader.\u00a0<\/em>[ER]\u00a0has never been, and is not currently, a registered or licensed financial advisor or broker\/dealer, investment advisor, stockbroker, trader, money manager, compliance or legal officer, and does not\u00a0perform market making activities.\u00a0<\/em>[ER]\u00a0is not\u00a0directly\u00a0employed by any company, group, organization, party or person.\u00a0The shares of Rockridge Resources\u00a0are highly speculative, not suitable for all investors. Readers understand and agree that investments in small cap stocks\u00a0can result in a 100% loss of invested funds. It is assumed and agreed upon by readers that they will consult with their own licensed or registered financial advisors before making any investment decisions.<\/em><\/p>\n

At the time this article was posted, Peter Epstein owned stock in Rockridge\u00a0Resources and the Company was an advertiser on\u00a0<\/em><\/strong>[ER]<\/strong>.<\/em>\u00a0Readers understand and agree that they must conduct their own due diligence above and beyond reading this article. While the author believes he\u2019s diligent in screening out companies that, for any reasons whatsoever, are unattractive investment opportunities, he cannot guarantee that his efforts will (or have been) successful.\u00a0<\/em>[ER]\u00a0is not responsible for any perceived, or actual, errors including, but not limited to, commentary, opinions, views, assumptions, reported facts & financial calculations, or for the completeness of this article or future content.\u00a0<\/em>[ER]\u00a0is not expected or required to subsequently follow or cover events & news, or write about any particular company or topic.\u00a0<\/em>[ER]\u00a0is not an expert in any company, industry sector or investment topic.\u00a0<\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Peter Epstein:\u00a0\u00a0 Epstein Research\u00a0\u00a0\u00a0\u00a0epstein.peter4@gmail.com Rockridge Resources (TSX-V: ROCK) is a fairly new mineral exploration company focused on the acquisition, exploration\u00a0& development of mineral resource properties in Canada. Its focus is copper & base metals. More specifically, base, green energy & battery metals, of which\u00a0copper is all three!\u00a0Not just any place in Canada, world-class mining jurisdictions […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-147284","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/147284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=147284"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/147284\/revisions"}],"predecessor-version":[{"id":147285,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/147284\/revisions\/147285"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=147284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=147284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=147284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}