Rockridge Begins Drilling at Fatou Gold Project, Mali
26 5월 2010 - 9:45PM
Marketwired
Rockridge Capital Corp. (TSX VENTURE: RRC) ("Rockridge", the
"Company") is pleased to announce that the spring 2010 drill
program has begun at the Fatou gold project in southern Mali. The
program will comprise a minimum of 5,000 metres of reverse
circulation (RC) drilling in approximately 30 holes.
The objectives of the drill program are to:
-- Follow up on historical results of limited RAB and RC drilling
-- Test areas of known gold mineralization identified by artisanal miners
-- Determine continuity of mineralization along current inferred strike of
over 500 metres
The local and foreign artisanal miners working across the Fatou
property have now been moved off the license by the regional
authorities without incident. Mining had been taking place along a
southern trend stretching approximately 500 metres in an
east-northeast trend and along a parallel northern trend of similar
size. The south trend overlies the contact between the Birimian
metasedimentaries and felsic intrusives.
Regionally the property is situated within an extensive area of
metaclastic sediments of Proterozoic Age. Locally, geology consists
of felsic intrusives on the western part, metavolcanics in the
southwestern corner with the metasediments dominating the central
and eastern part. The metasediments include greywacke, siltstones,
sericitic and chlorite schist, and graphite schist. Two major shear
zones striking northeast and secondary northwest and northeast
structures occur in the permit area.
The Fatou Gold Project is located in southern Mali,
approximately 20 km north of the border between Mali and Cote
d'Ivoire, approximately 250 km southeast of the capital city of
Bamako. The Fatou exploration permit covers 250 square km and is
accessible via a paved highway from Bamako to Zantiebougou and then
by a 45 km laterite road to the permit area.
The Company also announced that it has granted stock options to
directors, officers and consultants of the Company, to acquire 1.5
million common shares of the Company at an exercise price of $0.32
per share, expiring on May 25, 2015, subject to the terms and
conditions of the Company's stock option plan. The grant of stock
options is subject to any required regulatory and shareholder
approvals.
The Qualified Person for Rockridge Capital Corp. under National
Instrument 43-101 is Mr. Lorne Warner, P.Geo.
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.
Contacts: Rockridge Capital Corp. Kirk Gamley V.P. Corporate
Development (604) 678-8941 (604) 689-7442 (FAX)
Rockridge Capital Corp. (TSXV:RRC)
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