Rimrock Gold Corp. Receives Drill Core and Defines New Ore Target at Silver Cloud Gold-Silver Property in Nevada
23 September 2013 - 11:15PM
Marketwired
Rimrock Gold Corp., a Nevada corporation, (the "Company") (OTCQB:
RMRK) is pleased to announce that it has received the Silver Cloud
project drill core from Geologix Explorations. Silver Cloud is an
advanced-stage epithermal bonanza gold-silver property ("Silver
Cloud Property"). Rimrock Gold Corp. holds a 100% interest in the
Silver Cloud Property, subject to existing third party NSR
royalties. More than $2.4 million in exploration expenditures have
been made on Silver Cloud since 2003. Prior to that, Placer Amex,
Newmont, Teck, and Placer Dome conducted significant exploration on
the Silver Cloud Property as well.
Rimrock Gold will study the newly-acquired Silver Cloud drill
core in an effort to develop new drill targets for potential
gold-silver development at Silver Cloud. Geologix' latest two
drillholes at Silver Cloud encountered several zones of gold
mineralization, and previous drilling by Placer Dome and Teck
encountered local zones of very high-grade gold mineralization.
After an initial study of the Company's new database including
previous exploration campaigns conducted on the Silver Cloud
Property, has led to the discovery of a fourth, possibly
significant new target extension of one of the southernmost vein
systems occurring directly on the Hollister Mine property. This is
located in the northeast corner of the Silver Cloud property. The
Company now will conduct further research on this target zone in
advance of possible drilling in 2014.
The 12,880 acre Silver Cloud Property lies immediately to the
southwest of Waterton Global Mining's epithermal bonanza
gold-silver Hollister Mine, and 3.8 Km southwest of the Hollister
Mine open pit. The Silver Cloud Property also lies 16 Km southeast
of Newmont's Midas Mine, which is currently producing gold and
silver from high-grade volcanic epithermal veins, and has produced
approximately 4.0 million ounces of gold to-date.
The main gold-silver targets at the Silver Cloud Property are
Midas-Hollister style volcanic epithermal low-sulfidation vein and
disseminated gold deposits, which appear to be situated along or
near fault zones. Mercury occurrences are present locally in and
near these siliceous sinters, and are interpreted to be locally
indicative of gold mineralization at further depth as at Hollister.
At least four gold target areas have been discovered by rock chip
sampling, mapping and drilling to date on the Silver Cloud
Property: 1) the "Mine" target at the Silver Cloud Mine discovered
by Teck, where a drilled hole carried a 1.5 meter (5 feet)
intercept grading 157 g/t Au at a depth of 318 meters below
surface, 2) the "Egg Hill" target area initially discovered by
Placer Dome and further explored by Geologix, where up to 12.2
metres of 5.53 g/t Au, 3) the Quiver target area explored by
Newmont, and 4) the newly discovered Hollister South target
mentioned above.
The Silver Cloud Property also lies directly astride the
prolific Carlin Trend break that boasts numerous giant world-class
sediment-hosted gold deposits. This is a highly favorable
environment for Carlin-style gold deposits found at the Gold Acres
and Getchell mines owned by Barrick Gold Corp. Silver Cloud may
have Carlin-style gold potential at depth. "Rimrock Gold intends to
commence a new drilling campaign on the Silver Cloud property after
final interpretations have been made. In addition, the Company's
focus at present is to continue to acquire significant land
position prior to the anticipation of favorable exploration and
drilling results especially after the LOI entered into between
Newmont Mining and Waterton Global Resources Management for the
sale of the Midas Mine," stated President and CEO, Jordan
Starkman.
Rimrock Gold is a diversified mineral exploration company
focused on identifying, acquiring, advancing, and drilling
high-grade gold-silver exploration projects in Nevada, and lithium
exploration projects in Quebec. The company has a very capable
management team, and is led by an experienced and successful board.
The Company's main exploration assets comprise a 100% interest in
the Rimrock, West Silver Cloud, Silver Cloud, and Pony Spur
gold-silver projects in Nevada. In addition, the company owns the
Abigail, Lac Kame and EM-1 lithium projects in the James Bay region
of Quebec, Canada totaling 11,360 hectares. For further information
and technical data on Rimrock Gold's various projects, please visit
the Company's website at www.rimrockgold.com or contact the Company
directly by e-mail at info@rimrockgold.com.
The Company's Vice President of Exploration, Richard R. Redfern,
M.Sc., a Certified professional Geologist and 'qualified person'
for the purposes of Canada's National Instrument 43-101 Standards
of Disclosure for Mineral Properties, has verified and approved the
information contained in this news release.
Certain statements in this document that are not historical
facts are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements
may be identified by the use of words such as "anticipate,
"believe," "expect," "future," "may," "will," "would," "should,"
"plan," "projected," "intend," and similar expressions. Such
forward-looking statements, involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of Rimrock Gold Corp. to be materially
different from those expressed or implied by such forward-looking
statements. The Company's future operating results are dependent
upon many factors, including but not limited to: (i) the Company's
ability to obtain sufficient capital or a strategic business
arrangement to fund its current operational or expansion plans;
(ii) the Company's ability to build and maintain the management and
human resources and infrastructure necessary to support the
anticipated growth of its business; (iii) competitive factors and
developments beyond the Company's control; and (iv) other risk
factors discussed in the Company's periodic filings with the
Securities and Exchange Commission, which are available for review
at www.sec.gov under "Search for Company Filings".
CONTACT: Rimrock Gold Corp. Jordan Starkman CEO
www.rimrockgold.com 1-800-317-4772
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