Rockridge Capital Corp.
TSX VENTURE : RRC

Rockridge Capital Corp.

April 04, 2012 07:00 ET

Rockridge Drilling Extends Fatou Gold Zone, Mali, West Africa

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 4, 2012) - Rockridge Capital Corp. (TSX VENTURE:RRC) ("Rockridge"; the "Company") is pleased to announce results from further diamond drilling at the Fatou Main Gold Zone completed during the Fall 2011 campaign. Twenty drill holes totalling 4,166 metres were completed on 12 sections across the Fatou Main artisanal site. Results indicate that gold mineralization is continuous over significant widths over at least 800 metres strike length, and remains open along strike and to depth (Tables 1 and 2 below).

Highlights

  • 19 of 20 holes intersected gold mineralization.
  • Interpretation on 50-metre spaced sections suggests excellent continuity of mineralization.
  • Two continuous gold shoots hosted in a north-trending silicified zone.
  • Gold mineralization occurs at surface and appears to be amenable to open pit mining.
  • Mineralization remains open to the south, northeast, and northwest, and to depth.
  • Numerous similar targets have been identified across the Fatou permit.
  • Over 75 Diamond and RC holes pending receipt from assay lab
Table 1: Fatou Main Diamond Drilling Highlights
Hole ID Section From (m) To (m) Width (m) Au grade (g/tonne)
DDF-048 1192050N 166.0 171.0 5.0 1.28
DDF-050 1192150N 164.0 173.0 9.0 1.16
DDF-052 1192250N 93.5 99.5 6.0 1.11
DDF-053 1192250N 167.0 205.0 38.0 0.74
and 227.5 266.0 38.5 1.29
DDF-056 1192300N 56.0 62.0 6.0 3.61
DDF-057 1191775N 73.8 76.5 2.7 2.44
and 87.5 92.0 4.5 1.62
DDF-059 1191900N 95.5 101.0 5.5 1.96
DDF-060 1191850N 64.0 74.5 10.5 1.77
and 134.5 142.0 7.5 2.10
DDF-061 1192100N 15.5 41.5 26.0 1.02
and 52.0 84.0 32.0 0.54
DDF-063 1192000N 223.0 247.0 24.0 1.24
incl 223.0 230.5 7.5 2.62
DDF-065 1192100N 172.0 190.5 18.5 1.20
DDF-066 1192050N 34.5 42.0 7.5 1.19
DDF-067 1191875N 132.0 144.0 12.0 1.16
Lower cut-off = 0.25 g/t Au, maximum 3.0 metres internal dilution. All holes were drilled at a -55° dip at an azimuth of 270 degrees, except DDF-061 which was drilled at a -55° dip at an azimuth of 90 degrees. True thicknesses are approximately 60% of drilled width.

Rockridge holds a 100% interest in the Fatou Gold Project exploration licence. Fatou is located in southern Mali, West Africa and the permit covers 250 square kilometres of highly prospective Birimian terrane, 90 kilometres south of the producing Morila Gold Mine and 50 kilometres west of Syama Mine in southern Mali.

Fatou Main Prospect

Mineralization at Fatou Main occurs as a series of steeply-dipping, sub-parallel north-trending gold "zones", associated with one or two broad zones of silicification following the contacts between Birimian metasedimentary and metavolcanic rocks and intermediate to felsic intrusive plugs. Several shoots of higher grade mineralization occur within these silicified zones, hosted in both the metasediments/metavolcanics and granitic rocks.

The results come from the second phase of diamond drilling at the Fatou Main Gold Zone, which commenced in late October, 2011. The 8-week program consisted of 20 infill holes totalling 4,166 metres. The objective of the program was to piece together the structure hosting many of the mineralized intervals discovered during previous campaigns to demonstrate the continuity of the gold mineralization. All samples were analyzed by fire assay at SGS Canada.

2012 Exploration Program

The current 2012 exploration program, comprising 20,000 metres of combined RC and diamond drilling, is based on the interpretation of airborne geophysical data and augmented by the results of a 9,000-metre auger drill program completed in December, 2011. That interpretation identified 12 target areas along 4 distinct trends: Fatou Main, Fininko, Buckle Area, and the Digan Shear Zone The program commenced in mid-January and is on-going, with one diamond drill and one reverse circulation drill operating around the clock.

The Fatou Main Gold Zone has been identified as a top priority target, with possible extensions to the northeast, northwest, and south.

The Fininko Gold Zone, previously identified through a 10-drill hole program, was confirmed by the airborne geophysical survey as a priority target, with a possible strike length of at least 10-kilometres.

The Buckle zone consists of a fold structure up to 2 kilometres in size outlined by carbonaceous sedimentary rocks along a northwest-directed shear zone adjacent to possible source granitoids. That northwest trending shear structure, the Digan Shear Zone, extends approximately 16 kilometres from the Buckle fold to the northern Fatou permit boundary and represents an excellent target for gold deposits.

There are additional targets identified outside the 4 main trends, including three bulk-tonnage targets identified in potassically-altered granitoids in the northeast of the permit.

Christopher J. Wild, P.Eng., is the Qualified Person for the Company under NI 43-101. All samples from the Fatou Main campaign reported herein were collected on site and sent to ALS-Chemex in Bamako for analysis. The Company inserts independent certified standard samples in addition to the blank and lab duplicate samples in each batch of 20 samples. The lab also inserts in-house blanks, standards, and duplicates with each batch. Data that falls outside the control limits are checked and repeated as required. Generally, a lower cut-off grade of 0.25 g/t and dilution less than or equal to 3.0 metres is used in compositing results for reporting, except where noted. Nineteen of the 20 drill holes were drilled at -55° toward 270° azimuth; the exception was drilled at -55° toward 90°.

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

Karl Kottmeier, President

Table 2: Fatou Gold Zone
Summary of Diamond drilling Results
Hole ID Section From (m) To (m) Width (m) Au grade (g/tonne)
DDF-048 1192050N 119.0 133.0 14.0 0.47
incl 120.0 124.0 4.0 0.62
and 160.0 171.0 11.0 0.81
incl 166.0 171.0 5.0 1.28
DDF-049 1192050N 122.0 139.0 17.0 0.46
incl 123.0 129.0 6.0 0.53
incl 131.0 139.0 8.0 0.50
DDF-050 1192150N 77.0 83.0 6.0 0.50
and 86.0 96.0 10.0 0.50
and 111.0 122.0 11.0 0.58
Incl 117.0 122.0 5.0 0.75
and 156.0 157.0 1.0 2.53
and 164.0 176.0 12.0 0.95
incl 164.0 173.0 9.0 1.16
DDF-051 1192175N 6.0 7.0 1.0 9.75
and 101.0 120.0 19.0 0.57
incl 106.0 120.0 14.0 0.71
DDF-052 1192250N 86.0 87.5 1.5 2.07
and 93.5 99.5 6.0 1.11
and 162.0 190.5 28.5 0.54
incl 169.0 190.5 21.5 0.61
incl 169.0 173.5 4.5 1.51
DDF-053 1192250N 25.0 28.0 3.0 1.40
and 167.0 205.0 38.0 0.74
and 227.5 266.0 38.5 1.29
incl 261.0 266.0 5.0 4.72
incl 264.5 266.0 1.5 15.00
and 227.5 251.5 24.0 1.01
DDF-054 1192200N 108.5 121.0 12.5 0.76
incl 111.5 121.0 9.5 0.91
and 171.5 172.5 1.0 3.41
DDF-055 1192200N 83.5 101.0 17.5 0.41
and 164.0 188.5 24.5 0.45
incl 181.5 188.5 7.0 0.78
DDF-056 1192300N 17.0 20.0 3.0 1.01
and 56.0 62.0 6.0 3.61
incl 60.5 62.0 1.5 14.00
and 87.0 105.0 18.0 0.52
incl 93.0 103.5 10.5 0.71
DDF-057 1191775N 73.8 76.5 2.7 2.44
and 83.0 96.5 13.5 0.72
incl 83.0 92.0 9.0 0.93
incl 87.5 92.0 4.5 1.62
DDF-058 1191800N 52.0 55.0 3.0 0.48
DDF-059 1191900N 95.5 101.0 5.5 1.96
DDF-060 1191850N 39.5 41.0 1.5 4.59
and 64.0 74.5 10.5 1.77
incl 70.0 74.5 4.5 3.69
and 92.5 94.0 1.5 2.58
and 134.5 142.0 7.5 2.10
incl 137.5 142.0 4.5 3.34
DDF-061 1192100N 15.5 41.5 26.0 1.02
and 52.0 84.0 32.0 0.54
incl 62.5 70.0 7.5 1.21
DDF-063 1192000N 67.5 81.0 13.5 0.41
incl 67.5 72.0 4.5 0.64
and 133.5 138.0 4.5 0.80
and 223.0 247.0 24.0 1.24
incl 223.0 230.5 7.5 2.62
DDF-064 1192150N 64.5 75.0 10.5 0.50
incl 64.5 69.0 4.5 0.78
and 178.5 182.0 3.5 2.12
DDF-065 1192100N 172.0 190.5 18.5 1.20
incl 172.0 186.0 14.0 1.41
and 199.5 220.0 20.5 0.60
incl 209.5 220.0 10.5 0.84
DDF-066 1192050N 30.0 45.0 15.0 0.78
incl 34.5 42.0 7.5 1.19
and 182.5 190.0 7.5 0.58
incl 182.5 185.5 3.0 1.19
DDF-067 1191875N 81.0 82.5 1.5 2.10
and 90.5 92.0 1.5 1.49
and 113.0 144.0 31.0 0.74
incl 132.0 144.0 12.0 1.16
Lower cut-off = 0.25 g/t Au, maximum 3.0 metres internal dilution.
All holes were drilled at a -55° dip at an azimuth of 270 degrees, except DDF-061 which was drilled at a -55° dip at an azimuth of 90 degrees. True thicknesses are approximately 60% of drilled width.

To view the maps associated with this press release, please visit the following link: http://media3.marketwire.com/docs/rrc-0404-maps1-4.pdf.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Rockridge Capital Corp.
    Karl Kottmeier
    President
    (604) 678 8941

    Rockridge Capital Corp.
    Kirk Gamley
    VP Corporate Development
    (604) 678 8941
    (604) 689-7442 (FAX)
    www.rockridgecapitalcorp.com