Rimrock Gold Corp. Begins Re-Logging and Sampling of High-Grade Drilling Intercepts From Silver Cloud Gold-Silver Property in Nevada


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OTC:BB:RMRK
09/02/2014 [ACCESSWIRE]

LAS VEGAS NV / ACCESSWIRE / September 2, 2014 / Rimrock Gold Corp. (OTCQB: RMRK) (the "Company"), is pleased to announce that it has begun a new program to geologically re-log, re-assay, and reinterpret the drill core and 5 foot chip samples from reverse circulation drilling conducted by certain previous lessees on its high-grade Silver Cloud gold-silver property ("Silver Cloud") in Elko County, Nevada. Rimrock Gold will be re-logging and assaying certain high-grade gold-silver zones drilled at Silver Cloud by Teck, Placer Dome, and Geologix Explorations. Silver Cloud is an advanced-stage epithermal bonanza gold-silver property located immediately south of the Hollister Mine owned by Waterton Global Mining, who recently raised more than $1 billion for new mining acquisitions. Gold-silver zones at Silver Cloud appear to be focused along north-northwest trending faults typical of the Northern Nevada Rift such as at Klondex Mines’ Midas Mine, and along more northerly trending conjugate faults or cymoid loops, also found at Midas.

Rimrock Gold Corp. holds a 100% interest in the large 11,480 acre Silver Cloud Property, subject to existing third party NSR royalties. More than $2.4 million in exploration expenditures were made on Silver Cloud since 2003. Prior to that, Placer Amex, Newmont, Teck, and Placer Dome also conducted substantial exploration drilling on several gold-silver targets at Silver Cloud.

Rimrock Gold's Vice President of Exploration will study and re-assay portions of the newly-acquired Silver Cloud drill core in an effort to develop new drill targets for potential gold-silver development at Silver Cloud. Previous drilling by Placer Dome and Teck encountered two local zones of very high-grade gold mineralization known as the large "Silver Cloud Mine" target of Teck, and the "West Ridge" target of Placer Dome. There are four or more other gold-silver target areas on the property; the "Central Core", "Northeast Extension", "Quiver", and "West Silver Cloud."

Teck Explorations discovered the Silver Cloud Mine target in angled drillhole SCT-5, which encountered a 1.5 meter (5 feet) interval assaying 157 grams per tonne gold ("g/t Au") at a depth of 318 meters below surface. Placer Dome tried to twin this drillhole in hole SCP-11c, and found an interval near the SCT-5 intercept that assayed 279 g/t silver and 760 ppm tungsten, a drill assay very similar to that found at Rimrock Gold's Ivanhoe Creek property situated along trend north of and adjacent to the Hollister Mine. These samples will be studied in detail and re-assayed in shorter intervals. The goal is to determine how to re-drill this high-grade target effectively in order to define the geology and possible high-grade gold-silver mineralization. The Silver Cloud Mine target area is quite large being at least 2,000 meters in length.

The other highest priority target is West Ridge, which was initially discovered in highly gold mineralized drillhole SCP-15 by Placer Dome that locally assayed gold mineralization between 184.5 through 231.7 meters, a core length of 47.2 meters (true width not yet known). The highest grade assay interval in SCP-15 was 12.2 metres of 5.53 g/t Au at a core depth starting at 208.8 meters. The West Ridge gold-silver mineralization lies along a cymoid loop fault system that appears to be more than 1,900 meters in length. Newmont geologists at Midas defined the methodology for testing these cymoid loop controlled gold systems. Rimrock will use and expand these procedures to evaluate and test the gold systems at Silver Cloud in order to define and prioritize new drilling on the Silver Cloud property. 

The third target to be analyzed in Rimrock Gold's new work program is the Central Core target area where Geologix drilled two extended, lower angle drillholes in 2005 totaling 1,603 meters of core length across the Central Core target area at Silver Cloud. These two drillholes encountered several zones of gold mineralization in a broad brush sweep across the target area. Rimrock Gold has the core for these drillholes and will re-log this core and re-assay any intervals of geological interest.

Newmont and Placer Amex also drilled a number of holes into the large Quiver target region in the northwestern portion of the Silver Cloud property. Newmont reportedly encountered significant local zones of sulfide mineralization at depth, and reported gold assay values in excess of 1.5 grams per tonne gold. Rimrock Gold has the Newmont assay data but does not at this time have any of these drill samples to re-log or old sample pulps to re-analyze.

This initial program of geological re-interpretation of past work at Silver Cloud will be continued until multiple detailed gold-silver drilling targets have been defined on the property. The company believes that the Silver Cloud property is large enough and holds sufficient high-grade gold-silver mineralization to hold a mine-size gold-silver system within its boundaries. Local experts with detailed experience on the property, such as Dr. Donald Hudson, will be utilized to gain a scientifically accurate interpretation of the property as this work progresses.

Rimrock Gold is a diversified mineral exploration company focused on identifying, acquiring, advancing, and drilling high-grade gold-silver metal exploration projects in Nevada. The company is managed by experienced and successful board members and advisors. The Company's main exploration assets comprise a 100% interest in the Rimrock, Ivanhoe Creek, Silver Cloud, and Pony Spur gold-silver properties in Nevada.  For further information and technical data on Rimrock Gold’s various projects, please visit the Company’s website at www.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

Jordan@rimrockgold.com

1-800-854-7970

 

SOURCE: Rimrock Gold Corp.

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