Rockridge Capital Corp.
TSX VENTURE : RRC

Rockridge Capital Corp.

January 23, 2012 07:00 ET

Rockridge Makes New Discovery (Fininko Gold Zone) at Fatou Gold Project, Mali, West Africa

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 23, 2012) - Rockridge Capital Corp. (TSX VENTURE:RRC) ("Rockridge"; the "Company") is pleased to announce the discovery of a new gold zone at the Fininko target area, approximately 8 kilometres southeast of the Fatou Main Gold Zone at the Fatou Gold Project in southern Mali, West Africa.

Highlights include:

  • Ten diamond drill holes completed totalling 3517 metres
  • Nine of the 10 diamond drill holes completed intersected significant gold mineralization
  • DDF-022 intersected 1.71 g/t over 8.0 metres and 27.05 g/t Au over 2.0 metres
  • Apparent strike length is 900 metres; open in all directions
  • Gold mineralization is found within 10 metres of surface (DDF-023, DDF-026) to a vertical depth of 243 metres in DDF 022
  • Gold mineralization is associated with a graphitic schist within a shear zone that has a strike extent of greater than 15km, within the project area

Table 1 Fininko Gold Zone Highlights

Hole ID From (m) To (m) Width (m) Au grade
(g/tonne)
DDF-021 126.0 135.0 9.0 0.92
DDF-022 63.0 68.0 5.0 0.98
228.0 236.0 8.0 1.71
296.0 298.0 2.0 27.05
DDF-023 59.0 69.0 10.0 0.80
DDF-028 54.0 60.0 6.0 0.62
DDF-029 169.0 177.0 8.0 0.79
DDF-030 95.0 101.0 6.0 1.70
All holes were drilled at a 55° dip at an azimuth of 270 degrees. True thicknesses are not known.

Discussion:

Eight of the 10 drill holes are located on four east-west sections, spaced 100 metres apart. Four drill holes, DDF-021 to DDF-024, are on Section 1,186,300 N, with grades up to 1.71 g/t over 8.0 metres in DDF-022. DDF-026 is located 100 metres to the north, intersecting 0.38 g/t Au over 10.0 metres. Two drill holes, DDF 029 and DDF-030, are found on sections 1,185,700 N and 1,185,500 N, respectively. DDF-029 intersected 0.79 g/t Au over 8.0 metres and DDF-030 intersected 1.70 g/t Au over 6.0 metres, 700 metres and 900 metres south of DDF-026, respectively.

Targeting at the Fininko Gold Zone was based on historical soil anomalies and limited RAB drilling. A subsequent helicopter-borne VTEM electromagnetic and magnetic survey has confirmed the Fininko area as a top priority gold target based on interpreted structural geology, the presence of possible source granites at depth, and existing gold mineralization uncovered in the 2011 drill program. Data from the geophysical survey and recent geochemical data is currently being assessed together with data from the 10 core holes to develop a Phase 2 drill program, part of a larger project-wide program for 2012 that commenced on January 15th, 2012.

Table 2 Fininko Gold Zone Summary of Results

Hole ID From (m) To (m) Width (m) Au grade
(g/tonne)
DDF-021 64.0 65.0 1.0 15.10
77.0 81.0 4.0 0.77
126.0 135.0 9.0 0.92
DDF-022 35.0 50.0 15.0 0.54
incl 42.0 47.0 5.0 0.90
63.0 68.0 5.0 0.98
228.0 236.0 8.0 1.71
incl 228.0 230.0 2.0 5.01
296.0 297.0 1.0 52.50
DDF-023 10.0 15.0 5.0 0.53
59.0 69.0 10.0 0.80
incl 64.0 69.0 5.0 1.05
DDF-025 188.0 190.0 2.0 0.64
DDF-026 9.0 19.0 10.0 0.38
DDF-027 304.0 310.0 6.0 0.57
DDF-028 54.0 60.0 6.0 0.62
125.0 128.0 3.0 0.78
DDF-029 169.0 177.0 8.0 0.79
incl 170.0 174.0 4.0 1.02
DDF-030 85.0 89.0 4.0 0.66
95.0 101.0 6.0 1.70
incl 98.0 99.0 1.0 8.88
All holes were drilled at a 55° dip at an azimuth of 270 degrees. True thicknesses are not known.

2011 Exploration Program Review

The 2011 exploration campaign included diamond drilling at Fininko (this release), diamond drilling at Fatou Main, reverse circulation (RC) drilling and limited core drilling at Digan prior to the suspension of work for the seasonal rains. During that break, new project management was brought in to re-assess the program to-date.

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.

To overcome limitations in 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 are expected shortly.

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 and results are pending.

Christopher J. Wild, P.Eng. is the Qualified Person for the Company under NI 43-101. All samples from the Fininko campaign 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 10 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