Roughrider was able to complete a small sampling program on the property in early May before the company was forced to back down due to unusually wet and snowy conditions for the season. A total of 97 soil samples and 39 rock samples were collected from the Iron Lake area, see Figures 1 and 2. Sampling revealed an area containing> 0.05% copper (“Cu”) and> 0.05 grams per tonne (“g / t”) of gold (“Au”) over 550 meters (“ m ”) which remains open to the west and east. Soil sample D330033 returned 0.17% Cu and 0.82 g / t Au and soil sample D330042 returned 0.12% Cu and 0.24 g / t Au. These high levels coincide with a north-south magnetic high pressure similar to that observed over Old Sport and Benson Lake Mines (With the exception of the entrance to Decline # 1, the Benson Lake mine workings are located entirely within the Empire mine property).
The Roughrider team was mobilized on the Empire mine property to complete a program of soil and rock sampling, geological mapping and prospecting as well as a detailed study of induced polarization (“IP“) Geophysical surveys over areas which have not been the subject of any previous geophysical survey. The results of these programs will guide the Company for the drilling program which should take place as soon as possible.
Adam travis, the CEO of Roughrider comments: “While we waited for our larger program to start on the Empire Mine property, we continued to advance our understanding of the Empire Mine property as well as advance the other properties in our portfolio (see press release from April 26, 2021). Our teams have been dispatched to the field to complete the sampling program which was to be carried out in early May and we will soon begin our IP survey. I am also very happy to announce that after a lot of perseverance, we have finally received our drilling license for the Empire mine property! I look forward to being able to begin drilling once we receive the results of this geological and geophysical program and to refine our drilling plan. “
About Roughrider Exploration Limited
Roughrider’s exploration focuses on the Empire Mine property, located in northern Vancouver Island, British Columbia, which covers three historic surface mines and two former underground mines that produced iron, copper, gold and silver. Roughrider’s other properties include his 100% ownership Eldorado, Gin and Bonanza located in the Golden Triangle of northern British Columbia which are adjacent to the Red Chris mine as well as its 100% Sterling property which is located in central British Columbia Roughrider management is also reviewing ongoing strategic precious metals opportunities in western British Columbia. North America.
Samples were taken from 25 meters spacing but up to 125 meters spacing in areas around Iron Lake and between 50 m and At 250 m spacing in the southwest area. All samples were taken along the B horizon.
Sampling completed on the project in 2021 was overseen by on-site Roughrider staff and contractors who collected and tracked samples and implemented a comprehensive QA / QC program using blanks, standards and duplicates to monitor analytical accuracy and precision. Samples were sealed in situ and shipped to MSALabs in Langley BC for analysis. MSALabs quality control system complies with ISO9001: 2008 global quality certifications. Soil samples were dried and sieved at 80 mesh, then analyzed in 20g samples with ICP-MS Aqua Regia multi-element digestion ( IMS-128). Rock samples were dried and crushed at 70% passing 2mm mesh and divided into 250g samples which were pulverized at 85% passing 75m. The samples were then analyzed by a 4-acid digested multi-element ICP-MS (IMS-230). The gold analysis was completed with FAS-111, a 30 gram fusion fire assay with AAS finish.
The scientific and technical information contained in this press release has been prepared, reviewed and approved by Wade barnes, P.Geo. (British Columbia) Tripoint Geological Services, Roughrider’s Geological Consultant and a Qualified Person (“QP“) in the context of National Instrument 43-101 of the Canadian Securities Administrators, Disclosure Standards for Mining Projects.
On behalf of the Board of Directors:
Adam travis, Chief Executive Officer and Director
Cautionary Notes Regarding This Press Release and the Numbers
- Historical information contained in this press release, maps or figures regarding the Company’s project or adjacent properties cannot be relied on because the Company’s PQ, as defined in NI43-101, has not prepared nor verified historical information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
Certain information contained or incorporated by reference in this press release, including any information regarding the proposed Transaction, the private placement, changes of board and management, as to our strategy, projects, plans or future financial or operational performance constitute “forward-looking statements”. All statements, other than statements of historical fact, should be considered as forward-looking statements. Forward-looking statements are necessarily based on a number of estimates and assumptions which, while considered reasonable by Roughrider, are inherently subject to significant business, economic, geological and competitive uncertainties and contingencies. Although Roughrider believes that the expectations expressed in these forward-looking statements are based on reasonable assumptions, these statements are not guarantees of future performance. Known and unknown factors could cause actual results to differ materially from those projected in forward-looking statements. These factors include, but are not limited to: fluctuations in market prices, exploration and exploitation successes, continued availability of capital and financing, changes in national legislation and, market or market conditions. business. Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in forward-looking statements made by or on our behalf. Readers are cautioned that forward-looking statements are not guarantees of future performance and, therefore, readers are cautioned by their own assessment of these uncertainties. All forward-looking statements made in this press release, or incorporated by reference, are qualified by these cautionary statements. We assume no obligation to update any forward-looking statements.
SOURCE Roughrider Exploration Limited
For further information: Adam Travis, CEO, Roughrider Exploration Limited, 409 Granville Street, Suite 904, Vancouver, BC V6C 1T2, Canada, P: 877-578-9563, E: [email protected]; NR21-05