Golden Ridge Resources Ltd. (GLDN:TSX.V) recently announced a new alkalic copper-gold porphyry discovery at its Williams Zone prospect, located on its Hank project in British Columbia's Golden Triangle.
According to the company, hole HNK-18-001 intersected a broad interval of vein and disseminated Cu-Au-Ag mineralization. The steeply dipping tabular monzonite intrusion has now been intersected in all four holes drilled in the Williams Zone, indicating a strike of at least 200 meters.
"The size and grade of the Williams Zone discovery are remarkable. Broad intervals of intense potassic alteration with bornite and digenite indicate the presence of a large alkalic Cu-Au porphyry system at surface. Indications are that only the top of the system has been intersected, including the presence of widespread phyllic (aka quartz-sericite-pyrite) alteration at surface, which typically overlies porphyry Cu-Au systems, and exists both above and lateral to the potassic altered monzonite at Williams. Copper mineralization also extends for a considerable distance into the surrounding volcanic rocks, while the mineralized monzonite shows good continuity along strike and at depth," said Chris Paul, vice president of exploration for Golden Ridge.
The latest hole completed in the Williams Zone, HNK-18-007, ended in mineralized monzonite at 603.50 meters depth, and the company reported mineralization appears to increase at depth. The system remains open along strike in both directions and at depth. Assay results will be released as they are received.
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