Bay Roberts, NL based private resource company Puddle Pond Resources Inc., “the company”, is very pleased to announce it has entered into an option and joint venture agreement with Golden Ridge Resources Ltd. (TSXV:GLDN ) of Kelowna, B.C. on the Heritage Gold – Silver Project. The project owned 100% by Puddle Pond includes the nearby Eagles Claw Property acquired by the company from a local prospecting group following the discovery of high-grade precious metals (silver and gold) on the property.
The Heritage Project encompasses the Point May Epithermal System, a large area of low sulphidation (hot springs type), epithermal mineralization with bonanza silver and gold. The project which contains 541 mining claims extending 21 kms inland from the community of Point May on the south coast of the Burin Peninsula is the focus of the property portfolio.
The company looks forward to working with Golden Ridge in advancing this new and emerging gold and silver mineralized district within the Avalon Zone of insular Newfoundland, already with a mining history at the former gold producing Hope Brook Mine which produced 752,000 ounces of gold late in the last century.
The details of the agreement on the Heritage Project can be found on the Golden Ridge Resources website at https://www.goldenridgeresources.com/.
The technical information in this release was compiled by President and Chief Operating Officer Victor A. French, P. Geo., who is a qualified person under NI 43 – 101 guidelines.