Golden Ridge: Discovering An Unexplored Frontier
Golden Ridge Resources Ltd., a Canadian exploration company, has embarked on a journey to uncover treasures hidden beneath the reaches of NE Tasmania. This article will dive deeper into the company’s significant exploration project that explicitly targets the prospective regions of NE Tasmania.
Golden Ridge: The Company’s Profile
For those who might be unfamiliar with the company, Golden Ridge Resources Ltd. is a Public Mineral Exploration Company listed on the TSX-V under the ticker symbol GLDN. The company prides itself on its expertise in the identification, acquisition, and exploration of high-quality mineral assets. Currently, among their considerable portfolio of mineral assets, the focus is on their gold-silver project at Hank in British Columbia, Canada.
The NE Tasmania Gold Project
The NE Tasmania Gold Project by Golden Ridge marks their entry into the highly lucrative Australian markets. The company has secured mineral rights over a substantial land package in an under-explored region in NE Tasmania, one of the world’s most mining-friendly jurisdictions.
This exploration area includes a cluster of prospective intrusive-related gold system (IRGS) targets, a type of mineralization style prominent in some of the world’s largest gold deposits. The fact that it is under-explored adds to its attractiveness to the company as it poses potential for massive untapped resources. The project possesses striking similarities with the company’s flagship project, the Hank property in British Columbia.
The Geographical Features and Advantages
NE Tasmania possesses world-metallogenic significance due to its abundant geological features. It has multiple tectonic settings, which includes the Tasmania igneous province made up of Jurassic to Cretaceous aged granitoid rocks. These rocks have been recognized as potential hosts for IRGS, classifying the area as high-potential terrain for gold exploration.
Furthermore, the site has a well-connected infrastructure with easy logistical support access. Indeed, the exploration site is connected with main roads, fuel depots, power, and water, ensuring smooth exploration operations.
Research, Analysis and Prospects
Following the acquisition and subsequent satellite imagery interpretation and geological mapping, a multi-disciplinary analytical approach was used for identifying prospective regions. This incorporated stream sediment geochemical analysis, soil geochemistry, and geophysical investigation. The study led to the identification of several high-priority targets that require further detailed follow-up exploration work.
Taking the next steps, Golden Ridge plans to engage in systematic and highly detailed surveys, including extensive geochemistry and ground geophysics. This will help in defining drill targets for the upcoming exploration season.
The NE Tasmania exploration stands as a testament to Golden Ridge’s commitment towards its goal of becoming a world-class explorer and developer of minerals. This project presents an exciting and potential-laden opportunity for the company. As the company engages further into the rich soils of NE Tasmania, the global mining industry watches with bated breath, awaiting the uncovering of possibly lucrative deposits.
There is no denying the immense value and vast potentials
