Golden Ridge intercept 14 metres of 1.51 g/t gold from initial drill program at Williams 

Golden Ridge Resources (TSXV:GLDN) has announced additional results from its initial drill program at the Williams gold property. Williams is surrounded by New Found Gold’s Queensway South gold property, in the central Newfoundland gold belt. 

The firstdrill program consisted of 29 holes for a total of 4,186 metres. The program has led to the discovery of near-surface zones of gold mineralization within the Appleton fault corridor (AFC) of the Williams property. 

Highlights 

• WIL-22-21: 14.4 metres of 1.51 g/t gold from 88 to 102 metres including 4.6 metres of 2.5 g/t gold. 
• WIL-22-20: 30 metres of 0.62 g/t gold from 64 to 94 metres.  

• Gold mineralization (minimum 1 g/m gold) was encountered in over 90% of the holes drilled in 2022.  
• Mineralization now stretches over 1.5 km within and parallel to the Appleton fault corridor and remains open in all directions.  
• The company is fully funded for exploration in 2023 with numerous targets yet to be tested. 

Holes 15 to 29 continued to test multiple zones indicated in previous prospecting, high-density soil sampling, and trenching by Golden Ridge. The 2022 drilling program focused on testing the large gold-in-soil anomalies and results of subsequent trench sampling. 

“The final 15 holes of the 2023 program at the Williams gold property confirm multiple gold-bearing fault systems throughout the AFC.  Intersecting meaningful amounts of gold mineralization in 27 of 29 drill holes is a testament to the potential of the property,” said Mike Blady, CEO and director of Golden Ridge.  

“2023 drilling will focus on short, targeted holes which will refine our evolving structural model to guide exploration of the untested strike extensions of the AFC, testing of new targets outstanding from last year and infilling areas within our large gold-in-soil anomalies. We are very excited to get back to work at Williams and the underexplored Queensway South,” Blady said.  
 
To learn more, visit www.GoldenRidgeResources.com.