Roughrider Announces Initial Surface Exploration Results from the Empire Mine Property
Roughrider Announces Initial Surface
Exploration Results from the Empire Mine
Property
TSX.V: REL
VANCOUVER, BC
,
Oct. 20, 2020
/CNW/ -
Roughrider Exploration Limited ("Roughrider")
(TSXV: REL) is pleased to announce the results from the Phase 1 exploration program on the
Empire Mine Property located on Northern Vancouver Island. As announced on
September 24,
2020
, Roughrider completed a small exploration program on the Property which consisted of the
collection of 251 soil samples, 81 rock samples, 28 chip samples and 100 rock channel cut samples
that were taken at
1.0 m
intervals (See
Figure 1
).
Work was focused in a
500 m
x
2000 m
area
(1,000 hectares) within the 15,000-hectare Empire Mine property with an emphasis to test
exploration potential outside of the previous resource.
As such sampling was not conducted
within the historical resource completed by Grande Portage in 2008 or where s
ignificant
previous drill intercepts (including 2006 drillhole MW06-17 which returned 6.51 g/t gold and
1.38% copper over
50.32 m
) were located.
1,2
Adam Travis
, CEO and Director, comments, "
We are very encouraged by these initial results from
our surface program that examined exploration potential outside of and along strike of the previous
resource. The results suggest that there is potential to grow the historical resource at depth as
noted by the previous N.I 43- 101 report (2008) and now along strike. Our initial work has
highlighted several prospective areas for future drill programs.
We now have multiple areas over a > 4.5 km strike including new zones that require follow up,
such as the new soil anomaly at Battle Mountain returning up to 1,175 ppb gold in soils. We
continue to compile 100 years of extensive historical records and enter the permitting and
consultation process."
Rock channel sample results are summarized in Table 1 below including results from the
Copper
Knob showing, which returned 9.77 g/t gold, 28.41 g/t silver and 2.35% copper over 10.5
metres.
To the north, channel samples taken at the Gossan Zone, Adit and North Notch showings
indicate significant exploration potential in an area up to
250 m
north of the Merry Widow Pit. Other
channel samples returned highly anomalous results as much as
400 m
south of the Merry Widow
Pit).
Table 1: Empire Mine Property August 2020 Channel Sample Highlights
Showing
From (m)
To
(m)
Interval (m)*
Gold (g/t)
Copper (%)
Silver (g/t)
Cobalt
(%)
North Notch #1
1.0
5.0
4.0
1.21
1.47
25.25
0.09
North Notch #2
3.4
8.5
5.1
0.70
2.43
55.30
0.02
Adit
1.0
2.0
1.0
1.03
0.20
6.70
0.01
Gossan Zone**
24.0
0.50
0.14
5.60
0.02
Copper Knob
9.0
19.5
10.5
9.77
2.35
28.41
0.04
Lower Marten
11.2
13.2
2.0
1.77
0.15
4.75
0.01
Marten
0.0
10.0
10.0
2.89
0.32
6.34
0.04
Snowline
9.0
10.0
1.0
5.37
0.08
3.30
0.32
Bluebird 2
0.0
2.0
2.0
3.17
5.25
0.22
0.02
Road
0.0
6.5
6.5
0.04
0.19
2.15
0.03
* Samples were taken across interpreted geologic strike however true widths are unknown at this time
** Weighted Average of 4 channel sample lines totaling 24.0 metres spaced at 15 m intervals over a 15 m x 45 m area
Highlights from rock grab samples include the
Bluebird 1
area (
600 m
south of Merry Widow Pit)
which returned 11.2 g/t gold
and
36.8 g/t silver
and 2.13% copper
,
the DB showing
(1 km SE
of Merry Widow Pit)
which returned 3.59 g/t gold, 71.9 g/t silver, 12.05% copper, and the
BX 1
showing
(4.6 km south of the Merry Widow Pit)
which returned 1.88% copper.
Rock chip samples have highlighted broad areas of low-grade gold and copper values such as
17.0
m
of 0.16 g/t gold and 0.11% copper from pyritized volcanic units which overlie the limestone
horizons at the Summit Showing (
600 m
north of Merry Widow Pit).
Soil Samples taken north of the Merry Widow Pit indicate a
400 m
long NNE trending > 100 ppb
gold in soil anomaly with a high to 3260 ppb gold.
Highlights from soil samples taken to the
south in the
Battle Mountain area (1700 metres south of the Merry Widow Pit) included an
open ended
400 m
long > 100 ppb gold in soil anomaly with samples returning 233-1175 ppb
gold
down the central axis of the anomaly. No
records of any historical trenching or drilling are
noted in the Battle Mountain Area.
Roughrider October 20, 2020 News Release- Figure 1 (CNW Group/Roughrider Exploration Limited)
Quality Assurance / Quality Control
Sampling completed on the project in 2020 was supervised by on-site Roughrider personnel and sub
contractors who collected and tracked samples and implemented a full QA/QC program using
blanks, standards and duplicates to monitor analytical accuracy and precision. All of the QA/QC
samples returned values that are within acceptable variances from expected results. The samples
were sealed on site and shipped to ALS Geochemistry ("ALS") in Vancouver BC for analysis. Soil
samples were analyzed using ALS methods ME-ICP41 (35 element aqua regia ICP-AES) and Au-
ICP21 (30 gram gold fire assay ICP-AES). Rock, chip, and channel samples were analyzed for 33
elements using a combination of ALS's ME-ICP61 process for low level concentrations (four acid
ICP-AES/MS) and the ME-OG62 process for higher level concentrations (four acid ICP-AES). Gold
concentrations for rock, chip, and channel samples were we obtained using ALS method AU-ICP21
(30 gram fire assay, AAS finish) and samples that returned >5.0 ppm Au were subject to a 30 gram
gravimetric fire assay (Au-GRA21).
Qualified Persons
The scientific and technical information contained in this news release has been prepared, reviewed
and approved
David Tupper
, P.Geo (
British Columbia
), Roughrider's V.P Exploration and a Qualified
Person within the context of Canadian Securities Administrators' National Instrument ("
NI
") 43-101;
Standards of Disclosure for Mineral Projects.
Cautionary Notes regarding release and maps
1 Historical information provided in this news release regarding the Company's project cannot be
relied upon as the Company's QP as defined under NI 43-101 has not prepared nor verified the
historical information. A Qualified Person has not done sufficient work to classify the historical
estimate as a current mineral resource and Roughrider is not treating this historical estimate as
current mineral resources.
2 NI 43-1010 Technical Report: Giroux, G.H., & Raven, W. (
November 30, 2008
). Technical Report
on the Copper Gold Resources for the Merry Widow Property. Filed on SEDAR
January 22, 2009
.
The 2008 Grand Portage resource estimate was completed by
Gary H. Giroux
, P.Eng, MASc, of
Giroux Consulting Ltd. in
Vancouver, B.C.
The estimate was based on a 3D geological model
integrating 4,448 metres of diamond drilling of 43 drill holes, 2,290 assays, with 104 down-hole
surveys collected between June and
December 2006
. The resource was reported utilizing gold cut-
off grades ranging from 0.10 g/t to 3.00 g/t gold, as more particularly set out in the report. A
complete copy of the report is available on Grand Portage's public filings on SEDAR (
www.sedar.com
). A gold cut-off grade of 0.50 g/t gold was selected as representing one possible
mining scenario. For the purposes of the calculations, lognormal cumulative frequency plots were
used to assess grade distribution to see if capping of high values was required and if so at what
levels. For all elements, capping levels were established based on the individual grade distributions
as follows: Gold -- a total of 18 gold assays were capped at 32.0 g/t gold, Silver --a total of 9 silver
assays were capped at 165 g/t silver, Copper -- a total of 7 assays were capped at 11.7% copper,
Cobalt -- a total of 5 assays were capped at 0.48% cobalt, Iron -- all iron assays were capped at
50% iron (the analytical detection limit).
On Behalf of the Board of Directors:
"Adam Travis"
Adam Travis
, Chief Executive Officer and Director
About Roughrider Exploration Limited
Roughrider's current exploration focus is on the Empire Mine property located on Northern
Vancouver Island, B.C. and covers three past-producing open pit mines and two past-producing
underground mines that produced iron, copper, gold and silver. Roughrider's other properties include
its 100% owned
Eldorado
, Gin and Bonanza properties located in the Golden Triangle of northern
B.C. which are adjacent to the Red Chris Mine as well as its 100% Sterling property which is located
in central B.C. Roughrider management also continuously reviews strategic precious metals
opportunities in western
North America
.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Certain information contained or incorporated by reference in this press release, including any
information
regarding the proposed Transaction, private placement, board and management
changes,
as to
our strategy, projects, plans or future financial or operating performance, constitutes
"forward-looking statements." All statements, other than statements of historical fact, are to be
considered forward-looking statements. Forward-looking statements are necessarily based on a
number of estimates and assumptions that, while considered reasonable by Roughrider, are
inherently subject to significant business, economic, geological and competitive uncertainties and
contingencies. Although Roughrider believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not guarantees of future
performance. Known and unknown factors could cause actual results to differ materially from those
projected in the forward-looking statements. Such factors include but are not limited to: fluctuations
in market prices, exploration and exploitation successes, continued availability of capital and
financing, changes in national and local government legislation, taxation, controls, regulations,
expropriation or nationalization of property and general political, economic, market or business
conditions. Many of these uncertainties and contingencies can affect our actual results and could
cause actual results to differ materially from those expressed or implied in any forward-looking
statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements
are not guarantees of future performance and, therefore, readers are advised to rely on their own
evaluation of such uncertainties. All of the forward-looking statements made in this press release,
or incorporated by reference, are qualified by these cautionary statements. We do not assume any
obligation to update any forward-looking statements.
SOURCE
Roughrider Exploration Limited
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For further information:
Adam Travis, CEO, Roughrider Exploration Limited, 625 Howe Street,
Suite 420, Vancouver, B.C. V6C 2T6, Canada, P: 250-878-7554, E:
CO: Roughrider Exploration Limited
CNW 15:45e 20-OCT-20