It was great to hear Mr. Michael Blady, CEO Golden Ridge Resources (TSXV:GLDN) share some of his vision in our interview out today. He wants to be in the running for discovery of the year in the Golden Triangle and that's a good start. After listening to our hour-long interview, I believe you'll agree that they are in the running.
One of the most important parts of the interview was Mike's comments about clay-alteration studies that showed the beautiful outcrop in the mountaintops was "too high in the system". The more interesting and important deposit may be hiding in the valley downslope from that outcrop. I loved to hear about that because it travels well. Golden Ridge is talking about this idea at both the Hank in the Golden Triangle now and at the Royalle in southern BC, which makes for a powerhouse year-round exploration program tied around a coherent exploration approach.
Read on for a couple excerpts and links to parts of our interview where we discuss all this at some length.
See the first discussion on this topic starting here https://youtu.be/Tc__x5ib4dg?t=1662, as below:
Peter: When the historic resource was done on the Pit Zone, were these hot soils known?
Michael: There were some soil lines and there's always been really good chips and channel samples from the creek below the Pit Zone, but it just wasn't followed-up. When we were on this property first in 2015, we filled in all the soil lines there and that kind of allowed us to make that polygon at the Boiling Zone Target. The geochemistry and geophysics to date has been very valuable for focusing our attention away from this huge, multi-kilometer long gossan that lays on a property.
Peter: Stunning to consider how hard it is to not focus on that thing that's drawing the geologists eyes. When would they have ever been over 2 the wooded area at the Williams zone and seen the copper gold porphyry potential there. Okay, thank you.
Michael: It's not fun to walk through the forest! There's mosquitoes and bugs. You want to be up on the gossan where it's windy, beautiful, and you have all this mineralized rock around you. As a geologist, you want to be center of the action and we went off the actions on the gossan.
See another clip starting here, https://youtu.be/Tc__x5ib4dg?t=2044
Michael: Unfortunately, the companies that have had the Royale property in the pass didn't have the audacity to go down and test these kind of splay structures in the valley bottom. They drilled where the smoke was up in the hills, but that is too high up in the system. Luckily, we have a young and courageous and hungry staff, including myself, and we're gonna go down test in the valley. Like I said earlier, we're in the "drill it to kill it" business. We're going to try to find the best targets with the greatest upside and the lowest amount of risk for shareholders, and we're gonna drill it.
Peter: Great to hear the repetition of that idea of coming down into the valleys where people may not have drilled as much in the past and doing that for good reason in terms of exploration geology. Then, you're looking at areas that have never been drilled nearby known resources and all kinds of old occurrences. You've managed to find a new pocket of ground there that makes sense geologically, but hasn't ever been drilled before. Good for you you guys.
Michael: And that's how an exploration paradigms for us for the next 10, 20, 30 years or more. We've heard this before, "all the easy stuff has been found". Everything on the top of a mountain or exposed at surface that people have walked over has typically been found. The chances of you and I staking a property, walking it, and finding something new is slim to none, but there are good areas in the shadow of the headframes. Using different techniques to look in these, I think, is going to be the next big idea for exploration geologists.
Thanks very much for the interview, Mike! Please note that I was not compensated to prepare and distribute this material. This is not investment advice.
Find out more about GLDN on their website, https://www.goldenridgeresources.com/