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Rockridge Prepares to Drill High Grade Gold in Ontario

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Source: Bob Moriarty for Streetwise Reports   07/31/2020

Bob Moriarty of 321gold profiles this explorer with a gold project in Ontario and a copper rich VMS deposit in Saskatchewan.

I suspect we have either started the correction I have been predicting or are about to. Silver spiked as it does every time it makes a temporary top as both metals show signs of schizophrenia not knowing just which direction to go in next.

We have way too many bulls and the cries of “short squeeze” have gotten shrill as they do with every top, temporary or not. Markets go up and markets go down. That’s the way they are supposed to work. A correction on a regular basis is not an option; it is mandatory no matter how violent the bull.

Rockridge Resources Ltd. (ROCK:TSX.V) has a pair of interesting projects, a gold project in Ontario in the Greenstone belt surrounded by a host of other gold mines nearby and a copper rich, VMS deposit in Saskatchewan.

For now Rockridge’s primary focus is on their Raney Gold project with about 2,800 square km located in mining friendly Ontario near both the Cote project owned by Iamgold and the Timmins gold camp. Timmins has produced over 70 million ounces of gold.

Rockridge recently completed a nine-hole 2,070-meter drill program with some interesting results. The best assay showed a 28.0 g/t gold assay over 6 meters. The best historic result was 6.1 g/t gold over 8.0 meters from 2009.

The company plans on a phase two drill program of 10 holes and 3,000 meters of core to begin shortly to follow up on the phase 1 results.

Rockridge is buying 100% of the Raney gold project subject to a 2% NSR for a total of $160,000 in cash, 450,000 shares and a total work commitment of $900,000.

Their second major project is located in Saskatchewan and is called the Knife Lake VMS property. In a 2019 drill program Rockridge came up with some excellent results including 2.03% Cu, 9.88 g/t Ag, 0.19 g/t Au and 0.36% Zn over 37.6 meters from 11.2 meters depth. The project has an existing 43-101 resource showing 3.8 MT @ 1,02% Cu Eq and 7.9 MT @ 0.67% Cu Eq.

Knife Lake

Ron Netolitzky is an advisor to Rockridge. Ron has participated in more important gold discoveries than anyone else I know of and that speaks a lot about both management and their projects.

Rockridge is aggressively taking steps to raise money while it is available to move the company forward. They are at that boring stage where only the price of gold and drill results matter. But they are in elephant country and are hitting the edge of something interesting already.

Rockridge is an advertiser and I have bought shares in the latest PP. Do your own due diligence.

Rockridge Resources
ROCK-V $0.155 (Jul 30, 2020)
RRRLF-OTCQB 51.1 million shares
Rockridge Resources website

Bob Moriarty
President: 321gold

Bob Moriarty founded, with his late wife, Barbara Moriarty, more than 16 years ago. They later added to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.

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1) Bob Moriarty: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Rockridge Resources. Rockridge Resources is an advertiser on 321 Gold. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

( Companies Mentioned: ROCK:TSX.V, )


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