Bay Roberts, NL based private resource company Puddle Pond Resources Inc., “the company”, is pleased to report that Golden Ridge Resources Ltd. of Kelowna, B.C. has commenced an initial 5,000 metre drill program at the Eagle Zone and other high priority targets located within the Point May Epithermal System (PMES).
Their work program being carried out pursuant to an option agreement signed June 25, 2020 providing Golden Ridge with operator status responsible for the continuing exploration and advancement of the project is detailed on their website at https://www.goldenridgeresources.com/.
Michael Blady, President and CEO of Golden Ridge states: “We are excited to be drilling at the PMES on the Burin Peninsula. Previous drilling programs conducted at the Eagle Zone have intersected large zones of intense silicification and quartz veining with variable gold and silver mineralization over core intervals of up to 32 meters.”
Golden Ridge also reports “the final deliverables from the recently completed high-resolution airborne magnetometer survey have been received from the Company’s geophysicist. This data is being interpreted and incorporated into drill hole planning and being used to generate targets for a Phase I fall prospecting and geochemical program. The results will be released once compiled and interpreted by Company geologists.”
Puddle Pond is very pleased with the progress achieved to date by Golden Ridge and looks forward to the results from the ongoing exploration program.