Roughrider Extends and Discovers New Mineralized Zones with IP and Prospecting at Empire in Final Preparation for Drilling Program
Roughrider Extends and Discovers New
Mineralized Zones with IP and Prospecting at
Empire in Final Preparation for Drilling
Program
TSX.V: REL
VANCOUVER, BC
,
Sept. 9, 2021
/CNW/ -
Roughrider Exploration Limited ("Roughrider")
(TSXV: REL) is pleased to announce results of surface exploration and an Induced Polarization ("
IP
")
ground geophysical program completed this summer at the Empire Mine property (the "
Property
")
located on northern Vancouver Island. Roughrider has an option to acquire a 100% interest in the
Property by making staged cash and share payments and completing certain exploration expenditure
commitments (as announced September 24, 2020).
NR2021-06 Figure 1 (CNW Group/Roughrider Exploration Limited)
Adam Travis
, CEO of Roughrider commented: "
In late July, while we had crews on the Property
preparing for the IP program we continued prospecting areas that have seen little to no historical
exploration outside of the past producing Merry Widow, Kingfisher and
Benson Lake Mines
. This
work led to three new skarn discoveries. These new discoveries show the potential for other new
discoveries to be made.
While we could easily have rushed to drill (and just twinned some of the
historical drillholes such as 2006 drillhole MW06-17 which returned 6.51 grams per tonne ("
g/t
")
gold and 1.41% copper over 50.32 metres ("
m
") without properly understanding the ore-
mineralizing system, our systematic and thorough compilation of over 100 years of historical data
and methodical surface exploration is now paying off. The discovery of new gold, copper and zinc
showings along with new strong and significant IP anomalies as much as 2 kilometres ("
km
") away
from previous workings indicates that the Empire Mine area is part a much larger mineralized
system than previously known."
Prospecting Sampling Program
Rock and soil sampling was focused over the Battle Mountain, Iron Lake and North Notch areas (see
Figure 1). In total, 29 rock samples and 63 soil samples were collected. Rock sample highlights are
included in the following table.
Table 1: Empire Mine Property Rock Sample Highlights
Showing
Sample ID
Sample Type
g/t Gold ("Au")
% Copper ("Cu
")
% Zinc ("Zn")
g/t Silver ("Ag)
Battle Mountain
D330620
Rock
3.44
0.54
13.32
15.37
Battle Mountain
D330623
Rock
1.92
0.89
0.10
19.86
Battle Mountain
D330616
Rock
0.05
0.58
0.02
4.96
West Marten
D330631
Rock
0.05
0.38
0.01
0.67
North Notch
D330629
Rock
0.30
4.40
0.07
28.10
North Notch
D330630
Rock
6.53
0.30
0.01
10.25
AT Showing
D330610
Rock
38.40
22.90
0.29
157.00
Iron Lake
D330603
Rock
0.02
0.32
0.01
1.09
Iron Lake
D330604
Rock
0.34
0.80
0.01
6.64
This modest prospecting program discovered three new areas of mineralization attesting to the
under explored nature of the project which historically appears to have only focused on the
immediate vicinity of the old pits. At
Battle Mountain,
significant massive sphalerite (13.3% Zn),
magnetite and copper (0.89% Cu) was noted in boulders within a steep sided creek drainage.
Another new discovery of copper mineralization (
West Marten
) was made up hill and west of the
pits and showings further attesting to the limited copper exploration that was conducted around the
magnetite iron ore pits. At
North Notch,
a
5 m
deep shaft was re-discovered after almost 50 years
of not being reported which returned 6.5 g/t Au and 0.3% Cu and appears to have never been drill
tested. A brand-new discovery was made at the
AT Showing
with massive chalcopyrite knots up to
30 centimeters in width occurring along dyke margins appearing to trend up the hill towards the
Summit showing
500 m
away. At
Iron Lake,
infill soil sampling and prospecting discovered massive
magnetite sub crop and float along a logging road returning up to 0.80% Cu.
Induced Polarization Program
In early August,
Peter E. Walcott
and Associates completed a 3.75-line km IP geophysical survey
along strike to the north of the Merry Widow pit and one test line on possible strike to the south of
the Benson Lake Mine. In the Merry Widow Pit area, the IP work has shown that the mineralized
skarn zones are associated with a moderate (18-24 mv/v) chargeability anomaly that extends for at
least
400 m
in strike length of which less than half of that strike length has seen significant drilling.
The
Whiskey Jack
showing a further
200 m
north may also link up with this trend with infill IP lines.
Further to the west, a brand new >
200 m
diameter strong chargeability anomaly was located in
covered areas near the edge of the Merry Widow Pluton and may indicate potential for the discovery
of new zones either within or adjacent to the pluton.
See Figures
1 and 2 for location of new IP
anomalies.
At the Benson Lake Mine, an initial test IP line has discovered a strong (> 25 mv/v) chargeability
anomaly >
200 m
away from any known underground workings. This anomaly was unknown
previously and may represent potential for the discovery of new semi-massive magnetite,
chalcopyrite and gold bearing massive sulphides that were mined historically (1968-1972) at Benson
Lake in zones up to
30 m
thick averaging 1.5 g/t Au and 1.5% Cu. Additional IP surveys in this area
are being planned and will be conducted as soon as the geophysical team is able to complete.
Quality Assurance/Quality Control ("QA/QC") Procedures
Soil samples were taken at
25 m
spacing but up to
150 m
spacing in areas around Iron Lake and
between
20 m
and
225 m
spacing in the southwest area. All samples were taken from the B horizon
soil profile.
Sampling completed on the project in 2021 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. The samples were
sealed on site and shipped to MSA Labs in
Langley BC
for analysis. MSA Labs' quality control
system complies with global certifications for Quality ISO9001:2008. Soil samples were dried and
screened to 80 mesh and then analyzed in 20g samples with multi-element ICP-MS Aqua Regia
digestion (IMS-128). Rock samples were dried and crushed to 70% passing 2mm mesh and split to
250g samples which were pulverized to 85% passing 75μm. The samples were then analyzed by a 4
acid digestion multi-element ICP-MS (IMS-230). Gold assaying was completed with FAS-111, a 30–
gram fusion fire assay with AAS finish with greater than 10 g/t Au assays completed with FAS-415,
a 30-gram fusion fire assay with gravimetric finish. Silver assays greater than 100 g/t were
completed with ICF-6Ag, 4 acid, ICP-AES ore grade analysis. Copper assays greater than
10,000ppm were completed with ICF-6Cu, 4acid, ICP-AES ore grade analysis. Zinc assays greater
than 10,000ppm were completed with ICF-6Zn, 4 acid, ICP-AES ore grade analysis.
Qualified Person
("
QP
")
The scientific and technical information contained in this news release has been prepared, reviewed
and approved by
Wade Barnes
, P.Geo. (
British Columbia
) of Tripoint Geological Services,
Roughrider's Geological Consultant and a Qualified Person within the context of Canadian Securities
Administrators' National Instrument 43-101; Standards of Disclosure for Mineral Projects.
About Roughrider Exploration Limited
Roughrider's exploration focus is the optioned Empire Mine Property, located on Northern Vancouver
Island, B.C., which covers three historical open pit mines and two past-producing underground mines
that yielded 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, Knob Hill NW Property located on northern Vancouver Island as well
as its 100% Sterling, Sandy and Home Brew properties which are located in central B.C. Roughrider
management also continuously reviews strategic precious metals opportunities in western
North
America
.
On Behalf of the Board of Directors:
"Adam Travis"
Adam Travis
, Chief Executive Officer and Director
Cautionary Notes Related to this News Release and Figures
1
.
Historical Information contained in this release, maps or figures regarding the Roughrider's
Project or Adjacent Properties cannot be relied upon as the Roughrider's QP, as defined under
NI43-101 has not prepared nor verified the historical information.
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.
NR2021-06 Figure 2 (CNW Group/Roughrider Exploration Limited)
SOURCE
Roughrider Exploration Limited
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For further information:
Adam Travis, CEO, Roughrider Exploration Limited, 409 Granville Street,
Suite 904, Vancouver, B.C. V6C 1T2, Canada, P: 877-578-9563, E:
[email protected], NR21-06
CO: Roughrider Exploration Limited
CNW 08:05e 09-SEP-21