LAS VEGAS, May 2, 2013 /PRNewswire/ -- Rimrock Gold Corp.
(OTCQB: RMRK) (the "Company"), is pleased to announce that its
geophysics consultant Wright Geophysics has provided the Company
with an initial interpretation of the recently completed Controlled
Source Audio Magnetotelluric ("CSAMT") geophysical resistivity
survey on the Company's wholly-owned Rimrock gold-silver property
in Elko County, Nevada. The
Rimrock property is strategically located in a highly mineralized
epithermal gold-silver district, 7 Km northwest of Rodeo Creek's
Hollister mine, and 16 Km southeast of Newmont's Midas mine.
The survey covered 10.9 line Km east-west across the property,
with four survey lines spaced 250 to 400 meters apart, encompassing
all of the previously identified mineralization targets on the
property. The CSAMT data were acquired using a 50 meter
electric-field receiver dipole, and one CSAMT transmitter, of a
grounded dipole configuration. Initial interpretations of the CSAMT
survey validate the mineralization model developed by the Company's
technical team, and include the following observations:
- The previously identified "Dilation" gold-silver target on
surface along the major "IC Fault Zone" has been verified at depth
by the survey.
- The siliceous mineralization associated with the "Dilation"
target has been interpreted to be constrained by steeply dipping
near-vertical fault zones.
- These fault zones are interpreted to be up to 150 meters in
width, representing one of the widest gold-silver targets in the
entire Midas-Hollister region, potentially hosting near-surface
bulk-mineable gold mineralization.
- The location of older Paleozoic basement rocks has been
identified to be between 275 and 375 meters below surface,
confirming the mineralization model developed by Company
geologists.
The Paleozoic basement is likely part of the siliceous "Upper
Plate" Vinini Formation package that lies beneath surface volcanic
rocks, and above the Roberts Mountain Thrust fault package that
separates the Vinini from "Lower Plate" sedimentary rocks. This
"Lower Plate" sedimentary unit is known to host the large
Carlin-style gold deposits situated further south at the
Goldstrike-BlueStar-Carlin mine complex. The Paleozoic rocks at
Rimrock are believed to have been domally uplifted to the surface,
immediately west of the property boundary. As a result, the
mineralized layer with Carlin-style gold potential could be much
closer to the surface at Rimrock than at Hollister or at Midas. An
updated evaluation of the northwest extension of the Carlin trend has been recently completed, and
the Rimrock project is interpreted to lie directly in the heart of
this projection of the prolific gold-bearing trend.
Overall, the new CSAMT data appear to provide a much clearer
basis for defining the presence, geometry, and depth extensions of
the northerly-trending structures at Rimrock that contain
opalite-cinnabar (mercury sulfide) mineralization. The Company is
continuing to further interpret the survey data, with the help of
Wright Geophysics. The final interpretations will be used to design
new exploration drillholes at Rimrock.
Rimrock Gold is a diversified
mineral exploration company focused on identifying, acquiring,
advancing, and drilling high-grade gold-silver exploration projects
in Nevada, and lithium exploration
projects in Quebec. The company
has a very capable management team, and is led by an experienced
and successful board. The Company's main exploration assets
comprise a 100% interest in the Rimrock, West Silver Cloud, and
Pony Spur gold-silver projects in Nevada. In addition, the company owns the
Abigail, Lac Kame and EM-1 lithium projects in the James Bay region of Quebec, Canada totaling 11,360 hectares. For
further information and technical data on Rimrock Gold's various projects, please visit
the Company's website at www.rimrockgold.com or contact the Company
directly by e-mail at info@rimrockgold.com.
The Company's Vice President of Exploration, Richard R. Redfern, M.Sc., a Certified
professional Geologist and 'qualified person' for the purposes of
Canada's National Instrument
43-101 Standards of Disclosure for Mineral Properties, has verified
and approved the information contained in this news release.
Certain statements in this document that are not historical
facts are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
statements may be identified by the use of words such as
"anticipate, "believe," "expect," "future," "may," "will," "would,"
"should," "plan," "projected," "intend," and similar
expressions. Such forward-looking statements, involve known
and unknown risks, uncertainties and other factors that may cause
the actual results, performance or achievements of Rimrock Gold
Corp. to be materially different from those expressed or implied by
such forward-looking statements. The Company's future
operating results are dependent upon many factors, including but
not limited to: (i) the Company's ability to obtain sufficient
capital or a strategic business arrangement to fund its current
operational or expansion plans; (ii) the Company's ability to build
and maintain the management and human resources and infrastructure
necessary to support the anticipated growth of its business; (iii)
competitive factors and developments beyond the Company's
control; and (iv) other risk factors discussed in the
Company's periodic filings with the Securities and Exchange
Commission, which are available for review at www.sec.gov
under "Search for Company Filings".
CONTACT:
Rimrock Gold Corp.
Jordan Starkman, CEO
www.rimrockgold.com
1-800-317-4772
SOURCE Rimrock Gold Corp.