Rockridge Capital Corp.
TSX VENTURE : RRC

Rockridge Capital Corp.

January 31, 2012 07:00 ET

Rockridge Extends Fatou Gold Zone, Mali, West Africa

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 31, 2012) - Rockridge Capital Corp. (TSX VENTURE:RRC) ("Rockridge"; the "Company") is pleased to announce results from infill and step-out diamond drilling at the Fatou Main Gold Zone. Fifteen drill holes totalling 4845 metres were completed on 9 sections across the Fatou Main artisanal site. Highlights include 3.64 g/t Au over 13.0 metres in DDF-039, 7.66 g/t over 3m in DDF-044, and 0.96 g/t Au over 12.0 metres in DDF-041 (see Tables 1 and 2) (to view the associated images "Interpreted Geology & Drill Hole Plan" and "Section 1192350N" click on: http://media3.marketwire.com/docs/rrc1.pdf).

Highlights

  • 12 of 15 holes intersected gold mineralization.
  • The program was successful in better defining a broad area of significant gold mineralization underlying the former Fatou Main artisanal site.
  • Strike length is 700 metres and open to the north and south and to depth.
  • Multiple targets identified by recently completed heliborne geophysical survey.

Table 1: Fatou Main Highlights

Hole ID Section From (m) To (m) Width
(m)
Au grade
(g/tonne)
DDF-039 1191850N 261.0 274.0 13.0 3.64
incl 262.0 266.0 4.0 7.65
DDF-041 1191950N 140.0 152.0 12.0 0.95
incl 146.0 152.0 6.0 1.57
193.0 200.0 7.0 1.40
DDF-043 1192000N 122.0 129.0 7.0 0.96
DDF-044 1192350N 102.0 107.0 5.0 0.67
110.0 114.0 4.0 1.68
219.0 222.0 3.0 7.66

Fatou Main Prospect

Mineralization at Fatou Main has previously been described as a series of sub-parallel north-trending gold "zones". Further interpretation suggests the presence of one or two broad zones of silicification largely coincident with contacts between Birimian metasedimentary rocks and intermediate to felsic intrusive plugs. Several shoots of higher grade mineralization occur within these silicified zones. Initial drilling tested an area of extensive artisanal workings that had been occupied by approximately (up to 5000 small-scale miners). Subsequent drilling has focused on extending high grade intercepts.

2011 Exploration Program

The 2011 exploration campaign included diamond drilling at Fininko in April, diamond drilling at Fatou Main between June and August (this release), reverse circulation (RC) drilling and limited core drilling at Digan prior to the suspension of work for the seasonal rains. During the break, new project management was brought in to re-assess the program to-date. As part of that reassessment process, the project database was reorganized and a full re-interpretation of the exploration data was completed.

In September, Geotech Airborne Limited out of Johannesburg, South Africa, conducted a helicopter-borne VTEM electromagnetic, magnetic, and radiometric survey at Fatou. Approximately 2880 line-kilometres were flown at a line spacing of 100 metres with tie-lines at 1000 metres over an area of almost 264 square kilometres. A final report complete with detailed interpretation and targeting study was delivered to the Company in December.

In an effort to improve the soil geochemistry, Coffey Mining out of Accra, Ghana, was contracted to complete over 9,000 metres of auger drilling across 12 prospective zones identified during the preliminary interpretation of the airborne geophysical data. Auger drilling was conducted between late October and early December. Results of that survey will be incorporated into the targeting study.

A second phase of diamond drilling at the Fatou Main Gold Zone commenced in late October. The 8-week program consisted of 20 infill holes totalling 4166 metres. The purpose of the program was to identify the structure hosting many of the mineralized intervals discovered during previous campaigns to begin to model the mineralization. All samples have been submitted to SGS Canada for analysis by fire assay.

Table 2: Fatou Gold Zone Summary of Results

Hole ID Section From (m) To (m) Width
(m)
Au grade
(g/tonne)
DDF-031 1191300N 231.0 232.0 1.0 1.60
260.0 261.0 1.0 1.45
DDF-032 1191300N No significant mineralization
DDF-033 1191300N No significant mineralization
DDF-036 1191750N 92.0 103.0 11.0 0.64
DDF-037 1191750N 48.0 50.0 2.0 1.32
DDF-038 1191850N 37.0 40.0 3.0 0.84
DDF-039 1191850N 108.0 111.0 3.0 0.96
232.0 233.0 1.0 1.73
241.0 243.0 2.0 0.60
249.0 252.0 3.0 1.47
261.0 274.0 13.0 3.64
incl 262.0 266.0 4.0 7.65
incl 264.0 265.0 1.0 21.70
DDF-040 1191850N 104.0 107.0 3.0 0.74
120.0 122.0 2.0 1.23
140.0 142.0 2.0 0.84
DDF-041 1191950N 140.0 152.0 12.0 0.96
incl 146.0 152.0 6.0 1.57
incl 147.0 149.0 2.0 3.47
167.0 171.0 4.0 0.42
193.0 200.0 7.0 1.40
incl 193.0 194.0 1.0 6.59
DDF-042 1192000N 72.0 75.0 3.0 0.75
98.0 100.0 2.0 0.53
DDF-043 1192000N 61.0 64.0 3.0 0.90
122.0 129.0 7.0 0.96
DDF-044 1192350N 102.0 107.0 5.0 0.67
110.0 114.0 4.0 1.68
incl 113.0 114.0 1.0 5.80
219.0 222.0 3.0 7.66
incl 220.0 221.0 1.0 22.00
234.0 237.0 3.0 0.54
259.0 261.0 2.0 0.89
343.0 345.0 2.0 0.84
DDF-045 1192900N 8.0 9.0 1.0 0.62
91.0 92.0 1.0 1.27
148.0 149.0 1.0 1.53
DDF-046 1192800N 48.0 49.0 1.0 3.70
54.0 55.0 1.0 2.54
DDF-047 1192675N 282.0 283.0 1.0 3.35

All holes were drilled at a 55° dip at an azimuth of 270 degrees. True thicknesses are not known at the current time.

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 inserted a blank and requests a duplicate sample be run in every batch of 20 samples (note that the Company now inserts independent certified standard samples in addition to the blank and lab duplicate in each batch of 20 samples). The lab also inserts in-house blanks, standards, and duplicates with each shipment. Data that falls outside the control limits are checked and repeated as required. Generally, a cut-off grade of 0.5 g/t and dilution less than or equal to 2.0 metres is used in compositing results for reporting. All 15 drill holes were drilled at -55° toward 270° azimuth.

Please visit our website at www.rockridgecapitalcorp.com.

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

Karl Kottmeier, President

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