Sourced from: [ER]
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Significantly, this represents the first important work on the house since 2001. Readers may remember from reading previous interviews and articles on [ER], [ER] and [ER], and seeing [ER], that the firm ’s primary aim is to research districts that have been underexplored, never researched or not recently explored. Management’s exceptionally proficient and professional technical staff and advisers deploy the most recent exploration technologies and techniques. A whole lot has changed in 18 years; a simple example would be the use of lower-cost, high-energy drones to soar different polls.
( Companies Mentioned: ROCK:TSX.V,
[ER] is an exploration company focused on acquiring, exploring and developing mineral resource properties in Canada. Its concentration is copper and base alloys –specifically base, green power and battery alloys –of that copper is . It is centered in not in almost any place, just top-tier mining jurisdictions like Saskatchewan. And only in mining districts that have experienced substantial past mining, development or production. And only on jobs in near proximity to infrastructure. Rockridge’s management staff, advisors and board expertly and methodically eliminate many of the risk factors, early on, which may kill projects. This is a huge team to get a business with a market cap of just CA$5.6 million (CA$5.6M) / US$4.2M.
Graphics supplied by the author.
Copper prices are down into the ~US$2.60/lb. From close to ~US$3/lb. , however near-term changes in the cost are meaningless for anybody who believes that copper is needed for 1) clean-green energy storage( two ) the global electrification of commercial and passenger vehicles, and 3) the surge of infrastructure building required to accommodate a developing international middle-class population migrating to ever-larger cities. Not to mention the rebuilding of old and destroyed infrastructure like buildings, roads and bridges. Everything uses copper; everything will continue to use copper. The price of copper has to rise, or there won’t be enough aluminum: It’s that simple. Several experts believe that the copper price is led to US$4-$5/lb. By 2021 or 2020. If this is that’s the case, a firm like Rockridge Resources includes a great deal of leverage to this outcome.
Last month Rockridge reported additional results from its winter diamond drill program. The first five holes are displayed in the graph above. Readers may recall that a key takeaway was that holes KF19001 and KF19002 mostly confirmed historic grades, intercept widths and geological problems. , significantly better than the first couple holes. X depth (in yards ) worth of 91, in comparison to 41 and 49. Significantly, it confirmed high-grade mineralization up-dip of KF19002 in a place where no historical drilling is proven to have already been done. Thus, this assay, and perhaps nearby assays to follow along, could increase the size and caliber of the upcoming mineral resource estimate.
Rockridge’so president and manager, Jordan Trimble, commented: “The outcomes in this first-pass drill software have exceeded our expectations with nearly all drill holes having intersected high quality aluminum mineralization, and in doing this, we’ve successfully confirmed that the tenor of mineralization reported by previous operators, while expanding known zones of mineralization. We are working towards devoting an NI 43-101 compliant resource estimate in addition to planning a regional summertime application, each of which will provide steady news stream and catalysts over the long run. We will continue to perform our value creation strategy of going into overlooked but potential projects in prolific mining jurisdictions and using modern exploration methods to test new ideas and make new discoveries. ”
Disclosures: The content of the article is for info only. Readers fully understand and agree that nothing contained herein, composed by Peter Epstein about Rockridge Resources, (together, [ER]) including but not restricted to, commentary, opinions, views, assumptions, documented facts, calculations, etc. will be considered implicit or explicit investment information. Nothing contained herein is a recommendation or solicitation to purchase or sell any security. [ER] hasn’t been, and is not currently, a registered or licensed financial adviser or broker/dealer, investment adviser, stockbroker, dealer, money manager, compliance or legal officer, and doesn’t perform market making activities. [ER] isn’t directly utilized by any business, group, organization, party or person. The stocks of Rockridge Resources are highly insecure, not suitable for all investors. Readers agree and understand that investments in small cap stocks can result in a 100% reduction of invested money. It’s presumed and agreed upon by readers which they will talk to their very own registered or licensed financial advisors prior to making any investment decisions.
However, no modern mining, drilling technology or method was deployed at Knife Lake. It had been discovered 50 years back and last researched in the late 1990s. Airborne geophysics, regional mapping and geochemistry has been done, but technologies have improved. Management believes that contemporary geophysics; large resolution, deep penetrating EM and drone mag surveys to cover huge regions in detail, can make a significant difference.
As mentioned, Rockridge Resources has a tremendous team–direction, board and advisors–for a business with a market cap of CA$5.6M US$4.2M. Clients should take just five to ten minutes to review the company’s new June [ER]. And, the most recent press releases [ER]. Even the flagship Knife Lake job is large enough, at ~85,200 hectares, to keep the company busy for many years to come. Even though management were to farm out (buy free-carried) that a part of the property, there would be tens of thousands of hectares staying to explore in a leading mining district in Canada.
Best Intercept in Last seven Holes: 15.2 m of 2.45percent Cu Eq.
Streetwise Reports Disclosure:
By the time this post has been posted, Peter Epstein owned stock in Rockridge Resources along with the Business had been an advertiser on [ER].
His background is in company and financial analysis.
This is going to be a significant milestone that will draw the interest of prospective strategic partners. Subsequent to that de-risking occasion, Rockridge is financed to get a summer exploration program that will probably stretch into collapse. The purpose is to recognize and refine targets at depth and regionally. Modern vectoring methods will be set up, with metal ratios and structural manipulation to identify “primary” VMS deposits.
Something I found fascinating were the 2 portions of the 15.2m intercept in KF19006 that assayed 7.25m of 0.72 g/t gold, (out of 8.75 into 16.0m), and 5.0m of 0.93 g/t gold, even (from 11.0 to 16.0m), either inside 16.0m of surface. Those 2 grades (accurate widths undetermined) will be the maximum gold values reported to date. The 0.93 g/t revealing is almost 50% greater, and 1.0m longer, (5.0 versus 4.0m) compared to next highest-grade gold showing, in blockbuster hole KF19003. While interesting, these values in isolation may not amount to a lot. Still, they’re worth keeping an eye on.
Flagship Project, Knife Lake, 12 Drill Hole Results Today In
Jordan Trimble stays as president and a director. Grant has more than 25 years’ expertise in the metals and mining distance. His experience covers the mine development cycle, from early stage exploration through to manufacturing. I talked with Grant a week and has been impressed with his own extensive knowledge of base metals and his comprehension of the district which hosts the firm ’s Knife Lake project. Grant seems to be an perfect person to help advance the project and make new discoveries. Please see more about [ER].
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The job is within the renowned Flin Flon-Snow Lake mining district which includes a prolific VMS base metals belt. Management believes there’s tremendous exploration upsidedown. The goal? High-grade discoveries at a mineralized belt which could host several deposits, as VMS–fashion zones often comprise clusters of mineralized zones. Of course, the trick would be finding them.
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The firm ’s flagship job, Knife Lake, is currently in Saskatchewan, Canada (ranked the third greatest mining authority on earth ), in the Fraser Institute Mining Company Survey. The project hosts a near-surface, (high-grade copper) VMS (volcanogenic massive sulphide) copper-zinc-silver-gold-cobalt deposit, open along strike and at depth. Management considers there’s strong detection possible in and about the deposit place, and at other goals on about 85,200 hectares of neighboring states.
In the company’s June 10 [ER], holes KF19006 during KF19012 did not include any blockbusters, however six were well mineralized, with Cu eq. Values ranging from 0.46% to 2.45 percent. The span widths averaged nearly eight meters. The best infusion was 15.15m 2.45% Cu eq. In hole KF19006. This intercept is a good one, like those located in pockets KF19001 and KF19002, reported at the [ER]. Significantly, KF19006 tested the up-dip extension of the Knife Lake deposit in an area that had not been previously tested. Similarly, hole KF19007 analyzed the down-dip expansion of the deposit close KF19006. KF19007 intersected a solid 2.95 m of 0.82% Cu eq. grade. The most recent property map supplied from today’s media release is too big to fit comfortably within this report, please [ER].
Other modern methods incorporate high-resolution geophysics, deep-penetrating EM to identify conductors, and drone mag surveys to cover large areas in detail. Ultimately, ground function and sampling will be conducted, analyzing rock geochemistry to identify prospective VMS-style hydrothermal systems. Significantly, very small beyond drilling was performed below 100 meters (100m), but of these deeper holes, many intersected mineralization at about 300m. Could they’re mineralized lenses?
Peter Epstein of Epstein Research summarizes the most recent news from this explorer, such as an abbreviated of 15m at 2.45% copper equivalent.
Rockridge’s CEO, Grant Ewing remarked: “The Knife Lake property bundle is highly potential for new discoveries using modern exploration methods and methods given the lack of recent field work. The famous deposit is thought to be a remobilized portion of a presumably larger chief VMS deposit, and there is excellent potential for deposit expansion in depth which we plan to try in future apps. Additional there are many high quality goals to check in the expansive landholding, and there’s to become satellite deposits found in the area as VMS systems frequently host clusters or stacked deposits. ”
Best Intercept from First 5 Holes: 37.6 m of 2.42percent Cu Eq.
Added discoveries are extremely potential as the house is nearly 85,200 hectares in size and vastly under-explored. The winter exercise program gives the company’s technical team valuable information regarding geology, alteration and mineralization which will be applied to regional exploration goals. The company is presently working toward completing an NI-43-101-compliant resource quote for Knife Lake together using all the results from this drill application.