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Rockridge Resources Ltd. is a mining exploration company focused on acquiring, exploring, and developing mineral resource properties in North America. The company's core business includes identifying prospective mineral resources, conducting exploration programs, and advancing projects towards development. With a strong emphasis on geological and geophysical analysis, Rockridge aims to discover and develop economically viable mineral deposits. The company has recently achieved significant milestones in its Raney Gold Project, with successful diamond drilling programs uncovering promising results. Rockridge Resources Ltd. maintains strategic partnerships with industry experts and actively engages in community relations to ensure responsible and sustainable mining practices. Their commitment to operational excellence, environmental stewardship, and stakeholder engagement sets them apart in the mining sector.
Eros Resources Corp. (TSXV:ERC) (OTCQB:EROSF), MAS Gold Corp. (TSXV: MAS), and Rockridge Resources (TSXV: ROCK) have entered into a business combination agreement for a three-way merger transaction. Eros will acquire all outstanding shares of Rockridge and MAS Gold through two plans of arrangement. Rockridge shareholders will receive 0.375 Eros shares for each Rockridge share, while MAS Gold shareholders will receive 0.25 Eros shares for each MAS Gold share.
Post-merger ownership will be approximately 42.37% Eros, 37.33% MAS Gold, and 20.30% Rockridge shareholders. The combined company will focus on exploring and developing high-grade gold deposits in Saskatchewan, with a portfolio of approximately 77,890 hectares of mineral claims. The transaction is subject to shareholder, regulatory, and court approvals.
Rockridge Resources Ltd. (TSX-V: ROCK, OTCQB: RRRLF) has completed a non-brokered flow-through private placement financing, raising $472,500 by issuing 9,450,000 flow-through units at CAD $0.05 each. Each unit consists of one common share and one warrant, exercisable for a non-flow through common share at CAD $0.07 for 36 months. The financing incurred finder's fees of $32,550 and 651,000 finder's warrants with similar terms. Proceeds will fund exploration activities for the upcoming drill program at the Raney Gold Project, set to begin in May, which includes at least 2,500m of drilling in 10-12 diamond drill holes. Previous drilling results indicate high-grade gold potential, with significant structures identified for further exploration.
Rockridge Resources Ltd. (OTCQB: RRRLF) has announced plans for a new drill program at its high-grade Raney Gold Project in Ontario. This program aims to assess the depth and expansion potential of previously discovered gold mineralization. With 2,500m of drilling planned over 10-12 diamond drill holes, the goal is to test the continuity of high-grade gold zones identified in earlier drilling, particularly the Main Raney Gold Zone. Additionally, Rockridge has secured 100% interest in the Knife Lake copper project in Saskatchewan, indicating strong exploration potential. The Raney project is strategically located near major Canadian gold mines.
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