Golden Ridge Resources Mobilizes for Hank Drilling and Exploration Program
Golden Ridge Resources Mobilizes for Hank Drilling and Exploration Program
Kelowna, British Columbia – July 03, 2018 - Golden Ridge Resources Ltd. (“Golden Ridge” or the
“Company”) (TSXV: GLDN) is pleased to announce that it has received a five-year area-based
authorization from the British Columbia Ministry of Energy, Mines and Petroleum Resources to establish
up to 60 drill sites on its Hank Property in BC’s Golden Triangle. Golden Ridge also is authorized to
establish a strategic exploration camp on Highway 37, within 15 km of the project, which will minimize
helicopter flight time and maintain low cost highway access for the camp. Construction of the camp has
commenced, and exploration crews are preparing for a minimum 6,000-meter drill program on the
Hank.
Highlights:
• One drill rig remains winterized on the Property and will begin drilling once camp construction is
complete. The first hole will test the Williams Zone , a newly discovered alkalic Cu-Au porphyry
system centered on a potassic altered, 400m diameter breccia pipe.
• A second drill rig is being mobilized to the Property and will begin testing the newly discovered
Kaip Zone which returned 21.62m of 6.26g/t Au and 52.1g/t Ag in hole HNK-17-009 (see June 8,
2018 press release ). Mineralization is hosted within and on the contact of a buried altered
intrusion and 2018 drilling aims to delineate the extent of this mineralized intrusion.
The C ompany is also pleased to announce that Wade Barnes, P.Geo., has joined the C ompany as a
consultant and “Qualified Person” as defined by NI 43 -101. Mr. Barnes was the 2016 recipient of the
Association for Mineral Exploration’s H.H. “Spud” Huestis award for excellence in prospecting and
mineral exploration. He has been involved with explorati on in BC since 2004, most recently as a project
geologist with Centerra Gold Inc.
Michael Blady, CEO of Golden Ridge stated: “ We are extremely excited to have Wade Barnes join the
Golden Ridge team. Wade was instrumental in Centerra Gold Inc.’s positive fe asibility study on the
Kemess Underground Project as well as the PEA for the Kemess East Prospect in British Columbia. Wade’s
mine feasibility and economics expertise will add excellent value to the exploration and development of
the Hank project.”
About Golden Ridge Resources:
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.
For more information please contact:
Golden Ridge Resources Ltd.
Mike Blady
Chief Executive Officer
Tel: (250) 768-1168
Website: www.goldenridgeresources.com
Cautionary Statement Regarding Forward Looking Statements
This release includes certain statements that may be deemed to be "forward -looking statements". All
statements in this release, other than statements of historical facts, that address events or developments
that management of the Company expects, are forward-looking statements. Although management believes
the expectations expressed in such forward -looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance, and actual results or develo pments may differ
materially from those in the forward -looking statements. The Company undertakes no obligation to update
these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should
change. Factors that could cause actual results to differ materially from those in forward-looking statements,
include market prices, exploration and development successes, continued availability of capital and
financing, and general economic, market or business conditions. Please see the public filings of the Company
at http://www.sedar.com/ for further information.