Golden Ridge Resources
Williams Project & Humber Zone Properties
Property:
1,551 Ha
Location:
Approximately 45km west of Gander, Newfoundland and Labrador (NFLD)
Access:
Proximal to the full-service local hub of Gander, NFLD. Property is crosscut by road network including a new high voltage transmission line as well as an extensive trail network for year-round exploration.
Geology:
The Williams Property is a polymetallic discovery with an extensive area of anomalous quartz-veined, brecciated, granite/sediment float, and subcrop with float samples ranging from 0.0025 g/t Au to 51.6 g/t Au. The Williams Property is located within the Botwood Basin in the prolific Exploits Subzone. The Williams Property is between the GRUB and Dog Bay Lines which are large continental sutures formed at the closing of the Iapetus Ocean. The Williams Property lies within New Found Gold’s Queensway Project along the southern extension of the Appleton Fault. The Appleton Fault is known to be the key mineralizing structure responsible for New Found Gold Corp. drill intercept of 92.9 g/t over 19.0m intercept (New Found Gold Preliminary Prospectus 06/23/2020).
The Williams Property is underlain by Cambrian to Ordovician siliciclastic sediments of the Davidsville Group and Silurian siliciclastic sediments of the Indian Islands Group. Mineralization throughout the area is concentrated in mineralized structures within the Davidsville Group (Appleton and JBP Faults) as well as along the contact with the Indian Islands Group. Proximal prospects have noted mineralization occurs in quartz veins with arensopyrite stings hosted in strongly foliated and potentially folded Davidsville Group siltstones and epithermal-style style quartz veins with alteration system associated with structural contacts. A large Au-in-till anomaly with historical results ranging from 1 ppb Au to 480 ppb Au suggests the potential presence of a mineralized source on the Williams Property.
Previous Work:
In the 1980’s Noranda completed extensive regional exploration programs in the region including prospecting, mapping, geophysical and geochemical surveys, trenching and diamond drilling. This led to the discovery of numerous Au-Ag showings along strike including the Beaver Brook Antimony Mine located 5km to the west of the Williams Property. In 2002 till and stream sampling were completed by Sparton Resources which yielded anomalous Au-intill samples as well as Au- and As-in-stream samples downstream from the centre of the Williams Property. In 2019 prospectors discovered float samples ranging from 0.49 g/t Au to 51.6 g/t Au along a newly constructed transmission line through the Williams Property.
Long Range and Lucky Strike Properties:
Property:
- Lucky Strike: 1026 Ha
- Long Range: 500 Ha
Summary:
The Long Range and Lucky Strike silver properties lie 20km apart, within Newfoundland’s Humber Zone, near the contact between Proterzoic age basement rocks (orthogneiss) and younger carbonate shelf rocks to the west. The projects encompass two very large and high tenor Ag anomalies including the 2nd, 3rd and 4th highest Ag values in the province’s 35,768 sample lake sediment database. The projects contain 4 of 8 samples >1.3 ppm Ag in the provincial database.
