VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 21, 2010) - Rockridge Capital Corp. (TSX VENTURE:RRC) ("Rockridge", the "Company") is pleased to announce the discovery of four multi-kilometre gold-in-soil anomalies from the soil sampling program covering the eastern half of the Fatou Gold Project. The Company has commenced detailed geological mapping of the anomalies and associated artisanal workings and has initiated an expanded soil sampling program over the western portion of the project area.
Fire assay results from the April-June 2010 soil sampling program (6,624 samples) have outlined 4 large gold-in-soil anomalies that collectively cover over 10 kilometres in length in the eastern part of the Fatou Project – see attached map.
The Fatou Anomaly is approximately 6km in length and averages 500m in width.
The Fininko Anomaly is approximately 3km in length and ranges between 100m to 2000m in width.
The West and East Mafic Volcanic Anomalies range from 1 to 2km in length and 100m-300m in width.
Detailed geological mapping of artisanal workings within the central part of the Fatou Anomaly and parts of the Fininko Anomaly has recently been completed. Two distinct trends to gold mineralization have been identified: north-west and east-north-east. Mapping of all four targets is now underway.
An additional 2580 samples are currently being collected to cover all areas of favorable stratigraphy in the western part of the Fatou Project area. This area covers a regional mafic volcanic / metasedimentary contact.
A high resolution airborne geophysical survey (magnetics / radiometrics) over the entire claim area is being designed and is planned to commence in early 2011.
Recent reverse circulation drilling results from the Fatou Anomaly discovered 5 mineralised zones, with intercepts up to 27m grading 3.1g/t Au (see news release dated October 4, 2010). This drilling only tested a 200m section of the 6,000m long Fatou Anomaly.
The Fatou Gold Project is located in southern Mali, approximately 20 km north of the border between Mali and Cote d'Ivoire, and approximately 250 km southeast of the capital city of Bamako. The Fatou exploration permit covers 250 km2 and is accessible via a paved highway and laterite road to the permit area.
Under the terms of an option agreement with optionor Bagoe National, Rockridge can acquire a 100% interest in the Fatou Project exploration license by making Option payments totaling $800,000 over three years and completing a minimum of 5,000 metres of exploration drilling. Rockridge is the Operator of the project. At such time as Rockridge receives an Exploitation Permit from the Malian government, a new company will be formed and the ownership of the company will be Rockridge 85%, Mali government 10%, Bagoe 5%. Bagoe will also retain a 2% NSR. Rockridge has a right of first refusal to purchase Bagoe's 5% interest in the new company and / or its 2% NSR.
Mr. Lorne Warner, P. Geo, Director and VP Exploration, is the Qualified Person for the Company under NI 43-101. All samples are sent to ALS-Chemex in Bamako for sample preparation and gold fire assay. Pulps are sent to ALS-Chemex in Johannesburg, South Africa, for ICP-MS analysis. The company inserts a standard, blank and requests a duplicate sample be run in every batch of 20 samples. In addition, the lab inserts in-house blanks, standards, and duplicates with each shipment. Data that falls outside the control limits are checked and repeated as necessary.
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this press release.