Golden Ridge Releases Results of 2018 IP Survey on the Williams Zone
GOLDEN RIDGE RESOURCES LTD.
#335 – 1632 Dickson Avenue Kelowna, BC V1Y 7T2
T: 250-717.3151 F: 250-717.1845
www.goldenridgeresources.com
News Release
Golden Ridge Releases Results of 2018 IP Survey on the Williams
Zone
August 27, 2018 TSX-V: GLDN
GOLDEN RIDGE RESOURCES LTD. (TSX-V: GLDN) ("Golden Ridge" or the "Company") is pleased
to report final results from a Phase I induced polarization (“IP”) survey which was recently completed
on the Company’s Hank project, located in British Columbia’s prolific Golden Triangle district. The IP
survey was completed by Peter E. Walcott & Associates, based out of Vancouver, BC. Preliminary
results from the survey were previously discussed in a Company news release on Aug 14, 2018. The
IP survey successfully delineated a strong chargeability anomaly which is coincident with the porphyry
mineralization drilled in the Williams Zone in 2018. Two 3km long IP lines were completed during the
Phase I survey and the anomaly is open along strike to the north and south and at depth. See Figure
1 for a plan map showing the location of lines 0 and 200.
Line 200 was 3 kilometres in length and centered on the 2018 Williams Zone drilling, revealing an
approximately 600 metre wide chargeability high (>30 mv/V and up to 40 mV/V in intensity) which
correlates with the porphyry style mineralization encountered in the 2018 drilling. The chargeability
anomaly expands to the northeast at depth. See Figure 2 for cross-section.
Line 0 was also 3 kilometres in length and parallel with line 200. The line was centered immediately
southeast of the Williams Zone drilling and encountered a similar chargeability intensity anomaly, which
is slightly deeper and offset to the southeast of the anomaly encountered on Line 200, suggesting the
mineralization may plunge in that direction. See Figure 3 for cross-section. The chargeability anomaly
on line 0 is on trend with the Lower Alteration Zone (LAZ) mapped on the other side of Hank Creek.
Historic mapping ended on the southeast side of Hank Creek and the Williams Zone was not mapped
historically. The new 2018 IP data suggests that the >3 kilometer long LAZ continues across Hank Creek
and may connect with the Williams Zone. The LAZ is characterized by precious metal rich lead-zinc veins
hosted within pervasive quartz -sericite-carbonate-pyrite altered volcanic rocks, which is a typical
alteration assemblage flanking or overlying many alkalic porphyry systems in the Golden Triangle.
Due to the success of the Phase I survey in correlating chargeability values directly with porphyry
mineralization, a second phase of IP surveying is scheduled to commence immediately, with additional
lines planned to the northwest and southeast of the Phase I survey.
Drilling Results Update:
Complete assay results for batches of samples representing several holes following drill hole HNK -18-
001 are expected within the next two week and will be released following review and QA/QC checks.
Qualified Person
Wade Barnes, P.Geo., is the Qualified Person as defined by National Instrument 43-101 who supervised
the work program and preparation of the technical data in this news release.
GOLDEN RIDGE RESOURCES LTD.
#335 – 1632 Dickson Avenue Kelowna, BC V1Y 7T2
T: 250-717.3151 F: 250-717.1845
www.goldenridgeresources.com
About Golden Ridge
Golden Ridge is a TSX -V listed exploration company engaged in acquiring and advancing mineral
properties located in British Columbia. Golden Ridge currently has an option to acquire a 100% interest
in the 1,700 -hectare Hank gold -silver-lead-zinc property located in the Golden Triangle district,
approximately 140 kilometres north of Stewart, British Columbia. Golden Ridge may earn the 100%
interest in the Hank property by performing $1.7M of exploration work by the end of 2018.
ON BEHALF OF THE BOARD OF DIRECTORS OF
GOLDEN RIDGE RESOURCES LTD.
“Mike Blady”
Mike Blady
President and Chief Executive Officer
For more information regarding this news release, please contact:
Mike Blady, CEO and Director
T: 250-717.3151
F: 250-717.1845
W: www.goldenridgeresources.com
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, constitute "forward-looking information" as such term is used in
applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of
management at the date the information is provided and is subject to certain factors and assumptions, including:
that the Company's financial condition and development plans do not change as a result of unforeseen events, that
the Company obtains required regulatory approvals, that the Company continues to maintain a good relationship
with the local project communities. Forward-looking information is subject to a variety of risks and uncertainties
and other factors that could cause plans, estimates and actual results to vary materially from those projected in
such forward-looking information. Factors that could cause the forward-looking information in this news release to
change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove
not to be valid or reliable, which could result in delays, or cessation in planned work, that the Company's financial
condition and development plans change, delays in regulatory approval, risks associated with the interpretation of
data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with
the Company's expectations, as well as the other risks and uncertainties applicable to mineral exploration and
development activities and to the Company as set forth in the Company's Management’s Discussion and Analysis
reports filed under the Company's profile at www.sedar.com. There can be no assurance that any forward-looking
information will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking
information or statements. The Company undertakes no obligation to update forward-looking information or
statements, other than as required by applicable law.
Neither the 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.