Golden Ridge Resources Provides Update on Phase II Exploration Program on Ball Creek
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 Resources Provides Update on Phase II Exploration
Program on Ball Creek
September 18, 2019 TSX-V: GLDN
GOLDEN RIDGE RESOURCES LTD. (TSX-V: GLDN) ("Golden Ridge" or the "Company") is pleased to
provide an update on its phase II exploration and diamond drilling program focused on its Ball Creek
project (“Ball Creek” or the “Property”), located in BC’s Golden Triangle. The first hole testing the
southwest extension of the Main Zone has been complet ed to a depth of 393.0 meters intersecting a
feldspar-hornblende +/ - biotite porphyry with varying levels of potassic alteration and copper
mineralization. This newly completed hole extends the strike length of known mineralization at the main
zone to 1.3 kilometers (Figure 1).
Highlights
• Completed Main Zone step -out diamond drill hole BC-MZ-19-01 to 393.0 meters depth . This
hole tested the southwest extension of the Main Zone target on Ball Creek.
o Extended the mineralization and alteration encountered in previous drilling undertaken
at the Main Zone.
o Added 60 meters of strike to the known mineralization of the Main Zone.
• Drilling currently underway on hole BC -GZ-19-01 in the previously untested Goat Zone, which
lies 1.7 kilometers southeast of BC-MZ-19-01. The Goat Zone is interpreted as the southern and
deeper portion of the porphyry system at the Main Zone, with minor fault offsets along strike
(Figure 2).
• Property-wide reconnaissance geochemical program has collected over 4000 samples to date,
with results to be compiled and presented in the coming months.
• Property wide prospecting and mapping have identified multiple new Cu-Au porphyry, skarn and
VMS occurrences. Selected targets are slated for drill testing in 2020.
GOLDEN RIDGE RESOURCES LTD.
#335 – 1632 Dickson Avenue Kelowna, BC V1Y 7T2
T: 250-717.3151 F: 250-717.1845
www.goldenridgeresources.com
GOLDEN RIDGE RESOURCES LTD.
#335 – 1632 Dickson Avenue Kelowna, BC V1Y 7T2
T: 250-717.3151 F: 250-717.1845
www.goldenridgeresources.com
2019 Phase I Hank Drilling Results
In addition to the Company’s news release dated July 22, 2019 the remaining drill results from it’s Phase
I drilling at the Hank Project have been received. No significant drill intercepts were received at the
Boiling Zone and Creek Zone. The additional three step -out holes drilled into the Williams Zone
encountered porphyry style alteration with no significant Cu-Au-Ag mineralization. In total 2,952.50
meters were drilled in Phase I.
Qualified Person
Dr. Gerald G. Carlson, PhD, PEng, technical advisor to the Company, is the Qualified Person as defined
by National Instrument 43-101 who has reviewed and approved the technical data in this news release.
Quality assurance/quality control procedures:
All drill core was logged, photographed, cut and sampled by Golden Ridge personnel. Prior to shipment
to ALS Global sample preparation facility in Terrace, B.C., certified reference material standards, blanks
and field duplicates were inserted at a ratio of approximately one in every 10 drill core samples. Samples
GOLDEN RIDGE RESOURCES LTD.
#335 – 1632 Dickson Avenue Kelowna, BC V1Y 7T2
T: 250-717.3151 F: 250-717.1845
www.goldenridgeresources.com
were prepared in Terrace by crushing the entire sample to 70 per cent passing minus two millimetres,
riffle splitting off one kilogram and pulverizing the split to better than 85 per cent passing 75 microns.
After preparation in Terrace, the prepared pulps were shipped to ALS Global’s analytical laboratory in
North Vancouver, B.C.
The gold assays are determined by AuAA23 fire assay method which reports results in parts per million
(equivalent to grams per tonne). Any samples with a fire assay that report gold concentrations equal to
or higher than 10.0 g/t Au are analyzed by metallic screen method (Au-SCR24).
Base metal assays are determined by ME-MS41 aqua regia digestion with ICP-AES/MS finish method,
which reports results as parts per million (ppm). All analyses that reach the 10,000 ppm overlimit of
ME-MS41 are reanalyzed with an ore -grade method . The analytical results are verified with the
application of industry-standard quality control and quality assurance procedures.
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 owns a 100% interest in the 1,700-hectare Hank
copper-gold-silver-lead-zinc property located in the Golden Triangle district, approximately 140
kilometres north of Stewart, British Columbia. It also has an option to earn 80% in the 52,442 Hectare
Ball Creek Project which surrounds the Hank property.
For more information please contact:
Golden Ridge Resources Ltd.
Mike Blady
CEO and Director
T: 250-717.3151
F: 250-717.1845
Website: 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 consisten t 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.
GOLDEN RIDGE RESOURCES LTD.
#335 – 1632 Dickson Avenue Kelowna, BC V1Y 7T2
T: 250-717.3151 F: 250-717.1845
www.goldenridgeresources.com
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.