Rockridge Capital Corp.
TSX VENTURE : RRC

Rockridge Capital Corp.

February 22, 2011 07:01 ET

Rockridge Capital Discovers Over 8 Kilometres of Additional Gold in Soil Anomalies at Fatou Gold Project in Mali, West Africa

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 22, 2011) - Rockridge Capital Corp. (TSX VENTURE:RRC) (the "Company") is pleased to announce assay results from 2644 termite mound soil samples collected west of the 2010 soil survey. The 2011 survey covers an area of over 47 square kilometres.

Key Points

  • Three significant soil anomalies, Digan North, Digan, and Digan South, have been discovered, with a combined length of over 8.0 kilometres.
  • Two of the anomalies remain open to the west.
  • All three anomalies are located in close proximity to inferred Birimian metasediment / intrusive contacts.
  • Anomalous values range up to 2085 ppb.
  • Coincident arsenic with gold soil anomalies are found over the metasediments.
  • A total of over 20 kilometres of gold in soil anomalies have now been delineated on the Fatou property with several remaining open.
  • Three structural corridors appear to occur on the property, all trending north-south, with the majority of the gold in soil anomalies occurring along these corridors.
  • Additional soil sampling is currently being conducted over all soil anomalies with 2845 samples collected to date.
  • Maps depicting the locations of all anomalies discovered to date are presented on the Company's website at www.rockridgecapitalcorp.com

Results of the 2011 Soil Sampling Program

Three large anomalies have been outlined from the 2011 soil sampling program; Digan North, Digan and Digan South. The anomalies are based on 200 metre spaced lines with soil samples collected at 100 metre intervals and values over 20 ppb gold.

There are ten additional, smaller, gold in soil anomalies present, with values of up to 2085 ppb gold which require additional detailed soil sampling. These soil anomalies range in size from an individual sample to anomalies trending over 500 metres in length and 200 metres in width.

Digan North Anomaly

This gold in soil anomaly covers approximately 4000m x 600m, trends northeast and is coincident with a strong arsenic anomaly measuring 2000m x 1300m. The anomaly occurs at an inferred intrusive / metasedimentary contact and is located along the main road to site. The highest value recorded is 256 ppb gold and the anomaly remains open to the west into the intrusive. Intrusive boulders in the area are of granodioritic composition.  

Digan Anomaly

This anomaly is approximately 3000m x 250m in size, trending mainly east-west. There is a coincident arsenic soil anomaly measuring 600m x 500m occurring at inferred intrusive / metasediment contact and the anomaly remains open to the west. The highest gold value is 237 ppb. The Digan anomaly is located 1.8 kilometres south of the Digan North Anomaly and has road access.

Digan South Anomaly

Digan South is located 3km south of the Digan soil anomaly and covers an area of 800m x 500m. The highest gold in soil value is 118 ppb with, and is coincident with and flanking a north-south trending arsenic anomaly measuring 1400m x 800m. This anomaly occurs within 900m of an inferred intrusive / metasedimentary contact.

Results from soil sampling on the Fatou property to date indicate the presence of three north-south trending structural corridors now called Digan, Fatou and Fininko.

  • The Digan Structural Corridor occurs close to and east of an inferred north-south trending granite batholith / metasedimentary contact and crosses all three Digan gold in soil anomalies. 
  • The Fatou Structural Corridor runs through the six kilometre long Fatou gold in soil anomaly and may extend to the East Mafic Volcanic gold in soil anomaly situated approximately four kilometres to the south of the Fatou anomaly. Drill testing of the Fatou Zone confirms mineralization is north-south trending, occurring along brittle-ductile deformation zones. Artisanal mining along the Fatou trend has occurred along a four kilometre, north-south trend.
  • The Fininko Structural Corridor runs through the Fininko gold in soil anomaly and may continue north based on several spot gold in soil anomalies occurring to the north for over four kilometres. Previous drilling also indicates mineralization is also trending north-south. 

Recently, an additional 2845 soil samples have been collected over most of the soil anomalies on 100 metre spaced lines at 50 metre intervals. Test pits are being excavated at selected anomalies, digging to 4 metre depths with samples collected for assay, panning for potential visible gold and geological mapping of pit walls. A reverse circulation drill is being mobilized to site to further evaluate all gold in soil anomalies with a minimum 5000 metre program planned to commence in May.

An airborne geophysical survey covering the entire claim area is planned for April 2011. Diamond drilling continues on main Fatou Gold Zone; to date, 14 drill holes of the 40 hole program have been completed.

The Fatou exploration permit covers 250 square kilometres and is located about 100 kilometres south of Anglogold-Ashanti/Randgold's Morila gold mine and is approximately 250 kilometres southeast of the capital city of Bamako. Access is excellent via a paved highway from Bamako to Zantiébougou and then by a lateritic road to the permit area.

Fatou is under an option agreement with Bagoe National Corporation SARL, ("Bagoe") a privately owned Malian company based in Bamako, Mali. Under the terms of the Option agreement, Rockridge can acquire a 100% interest in the Fatou Project exploration license by making Option payments totalling $800,000 over three years and completing a minimum of 5,000 metres of exploration drilling. Rockridge is the Operator of the project.

Mr. Lorne Warner, P. Geo, Director and VP Exploration, is the Qualified Person for the Company under NI 43-101. All samples were collected on site and sent to ALS-Chemex in Bamako for analysis. The company inserts a standard, blank and requests a duplicate sample be run in every batch of 20 samples. In addition, the lab inserts in-house blanks, standards, and duplicates with each shipment. Data that falls outside the control limits are checked and repeated as necessary.

ON BEHALF OF THE BOARD OF DIRECTORS OF ROCKRIDGE CAPITAL CORP.

Karl Kottmeier, President

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this press release.

Contact Information

  • Rockridge Capital Corp.
    Karl Kottmeier
    President
    (604) 678 8941
    or
    Rockridge Capital Corp.
    Kirk Gamley
    VP Corporate Development
    (604) 678 8941
    (604) 689 7442 (FAX)
    www.rockridgecapitalcorp.com