Golden Ridge Resources Ltd. has received government drilling permits for up to 40 diamond drill holes at the Williams Gold Property within the Appleton and Dog Bay Fault Corridors in Newfoundland. The company has simultaneously commenced its 2026 Phase I field exploration program across the property.

The initial work program includes a property-wide drone high-resolution LiDAR survey to map subtle topographic features and guide future prospecting and drilling in partially covered terrain. Tuzo GeoSurveys Corp. has been appointed to fly the unmanned aerial vehicle survey.

Alongside the LiDAR mapping, Golden Ridge is deploying a high-density 25-by-25-metre B-horizon infill soil geochemistry grid. This geochemical sampling targets the Gray Jay and Blue Jay Zones to better define mineralization along strike, supported by concurrent geological mapping and prospecting along the main gold trends.

Golden Ridge previously completed a 2023 Phase II drilling campaign at the Williams Gold Property consisting of 41 holes totaling 5,982 metres, which included an intercept of 86 metres grading 1.00 g/t gold in hole WIL-23-30.

“The Williams Gold Property is an important piece of the Appleton Fault Corridor story and we plan to continue to build on past exploration successes. Golden Ridge discovered a 2.4-kilometre-long gold-in-soil anomaly at the Property in 2020 followed by two highly successful drill programs in 2022 and 2023. The initial discovery was made with boots on the ground exploration work and we believe that high-resolution Lidar will help provide coverage in areas that may have been originally overlooked. We also plan to pair the Lidar survey with tried-and-true high density soil geochemistry, prospecting and mapping to continue to move the Williams Gold Property into the next stage of its evolution.”

— Mike Blady, CEO and Director of Golden Ridge

Upon completion of the Phase I program and the receipt of results, Golden Ridge may advance to a follow-on drill program to test new, existing, and previously untested targets across the property.

Read the full announcement: Golden Ridge Commences 2026 Field Exploration Program At Williams