Roughrider Expands Eldorado Property Based on New Results from Adjacent Red Chris Mine and Provides Company Update
TSX.V: REL VANCOUVER, BC , Jan. 13, 2021 |CNW| - Roughrider Exploration Limited ("Roughrider" or the "Company") (TSXV: REL ) is pleased to announce that it has expanded its 100% owned Eldorado property (the " Property ") located immediately adjacent to the east of the Red Chris Mine (see Figure 1). The Property consists of 10 mineral tenure claims totaling 4,867 ha. Based on the recent results from Newcrest Mining Limited ( " Newcrest") and Imperials Metals Corporation's ( " Imperial") jointed ventured Red Chris Mine 1 (available on Imperial's website, dated December 9, 2020 ) which highlights significant mineralization noted for the first time on the southern side of the South Boundary Fault ("SBF"), Roughrider acquired additional claims to expand its Property (see Figure 2). Adam Travis , Roughrider CEO and Director comments: "We are very encouraged with the results that Newcrest and Imperial reported from recent exploration program of their Red Chris Mine property where they have noted a significant discovery that has the potential to expand the known area of the Red Chris Porphyry System on the other side of the SBF, originally thought to limit their deposit.
Roughrider Expands Eldorado Property Based on New Results from Adjacent Red Chris Mine and Provides Company Update
TSX.V: REL VANCOUVER, BC , Jan. 13, 2021 |CNW| - Roughrider Exploration Limited ("Roughrider" or the "Company") (TSXV: REL ) is pleased to announce that it has expanded its 100% owned Eldorado property (the " Property ") located immediately adjacent to the east of the Red Chris Mine (see Figure 1). The Property consists of 10 mineral tenure claims totaling 4,867 ha. Based on the recent results from Newcrest Mining Limited ( " Newcrest") and Imperials Metals Corporation's ( " Imperial") jointed ventured Red Chris Mine 1 (available on Imperial's website, dated December 9, 2020 ) which highlights significant mineralization noted for the first time on the southern side of the South Boundary Fault ("SBF"), Roughrider acquired additional claims to expand its Property (see Figure 2). Adam Travis , Roughrider CEO and Director comments: "We are very encouraged with the results that Newcrest and Imperial reported from recent exploration program of their Red Chris Mine property where they have noted a significant discovery that has the potential to expand the known area of the Red Chris Porphyry System on the other side of the SBF, originally thought to limit their deposit.