A closeup shot of a rolled up copper plate. (Photo 25534158 © Sigurdur Brynjarsson | Dreamstime.com)

By paNOW Staff

KNIFE LAKE

Company behind Knife Lake project excited to continue its work

Apr 9, 2024 | 2:00 PM

A major mining project in northeastern Saskatchewan will continue after being given the green light to continue exploring.

Rockridge Resources, the company that operates the Knife Lake Copper Project announced on Tuesday that it’s received an Exploration Permit to continue its work in the region.

The permit provides for exploration activities to be carried out over three years. The Knife Lake Project, near Southend and Sandy Bay, covers almost 57,000 hectares and is an advanced-stage copper, silver, zinc and cobalt exploration property.

A map showing the location of the Knife Lake Copper Project. (Rockridge Resources Ltd.)

The permit will cover mineral exploration activities including prospecting, mapping, ground and airborne geophysical surveys, drilling up to 70 drill holes, and storing core.

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Rockridge CEO Jon Wiesblatt said that continuing its exploration of the area is exciting for the company.

“This is the flagship asset in the company,” he said. “It has been a major focus of ours for the last few years and further exploration upside and potential on the property is paramount to adding increased shareholder value to the overall.”

“The excitement level is extremely high (and) we have the opportunity for the next three years to continue on at the project.”

Drilling at the site has been ongoing since minerals were discovered in the area in 1968.

From there, multiple companies have drilled in the region including Leader Mining and Ursa Major International. Rockridge came onto the scene in 2018 after entering into an option to acquire 100 per cent interest in a large property package with Eagle Plains.

Wiesblatt said nearby communities have been welcoming and approve of the exploration efforts.

“Saskatchewan has been voted the number two mining jurisdiction in the world and we think that has that speaks to the support that mining and exploration in the province gets from its population,” he said.

He added the company is excited to get back to work at the Knife Lake project given the robust macro environments and bids on copper going from $4.25 to $4.30 per pound.

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panews@pattisonmedia.com