# Golden Ridge Resources Commences Phase II Drilling at the Williams Gold Property Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/golden-ridge-resources-commences-phase-ii-drilling-at-the-williams-gold-property--df83fef2-8888-46e6-a6fd-52ca9954f6ee Original source: https://money.tmx.com/en/quote/GLDN/news/8299108878199037/golden-ridge-resources-commences-phase-ii-drilling-at-the-williams-gold-property Publisher: tmx Original announcement: 2023-06-22T12:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Golden Ridge Resources Ltd. - Ticker: GLDN - Exchange: TSX - Region: Newfoundland and Labrador - Primary commodity: Gold - Secondary commodities: Copper - Document categories: Drill results, Other - Extracted: 2026-09-14 03:34:20 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Golden Ridge Resources has commenced its 6,000-meter Phase II drill program at the Williams Gold Property in Newfoundland. The program aims to test high-priority greenfield targets and expand known mineralization, building on successful Phase I results. Reasoning: The announcement focuses on the commencement of a new drilling phase, which is a routine operational milestone, but provides historical drill results to contextualize the project's potential. - Positive factor: Commencement of large-scale 6,000m Phase II drill program - Positive factor: Strategic positioning near high-profile New Found Gold property - Positive factor: Recap of successful Phase I results showing high hit rate Facts used in scoring: 5 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release names a Qualified Person \(Dr. Stephen Amor\) who has reviewed and approved the technical data. Evidence · text > Qualified Person: Dr. Stephen Amor, PhD, PGeo... has reviewed and approved the technical data **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: The 50.45 g/t Au intercept is exceptionally high grade. Evidence · text > 0.5 meters of 50.45 g/t Au **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The company highlights the proximity and similarities to the New Found Gold Queensway South Gold Property. Evidence · text > surrounded by New Found Gold Corp \(NFG\)’s Queensway South Gold Property ## Extracted facts Stored fact records: 5. Some facts used in scoring do not have a stored record. ## Drill Results (5) ### WIL-22-14 [Link to this fact](https://atlas-extractions.minestarters.com/news/golden-ridge-resources-commences-phase-ii-drilling-at-the-williams-gold-property--df83fef2-8888-46e6-a6fd-52ca9954f6ee#fact-drill-facts-0) Williams · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: WIL-22-14 - Project: Williams - Commodity: gold - Region: canada\_nl - Reported Region: canada\_nl - Ticker: GLDN #### Geometry - Grade: 50.45 - Grade Unit: g/t - Intercept: 0.5 m - From: 11 m - To: 11.5 m - Intercept Depth: 11 m #### Classification - Sample Type: drill - Group ID: WIL-22-14:11-11.5 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: blanks #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2023-06-22T00:00:00.000Z Reasoning: 50.45 g/t Au is an exceptionally high grade. - Positive factor: Bonanza grade intercept Evidence · text > WIL-22-14: 0.5 meters of 50.45 g/t Au from 11 to 11.5 meters #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### WIL-22-12 [Link to this fact](https://atlas-extractions.minestarters.com/news/golden-ridge-resources-commences-phase-ii-drilling-at-the-williams-gold-property--df83fef2-8888-46e6-a6fd-52ca9954f6ee#fact-drill-facts-1) Williams · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: WIL-22-12 - Project: Williams - Commodity: gold - Region: canada\_nl - Reported Region: canada\_nl - Ticker: GLDN #### Geometry - Grade: 0.7 - Grade Unit: g/t - Intercept: 37.8 m - From: 6.24 m - To: 44.07 m - Intercept Depth: 6.24 m #### Classification - Sample Type: drill - Group ID: WIL-22-12:6.24-44.07 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: blanks #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2023-06-22T00:00:00.000Z Reasoning: Moderate grade over a substantial width. - Positive factor: Significant width Evidence · text > WIL-22-12: 37.8 meters of 0.7 g/t Au from 6.24 to 44.07 meters #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### WIL-22-21 [Link to this fact](https://atlas-extractions.minestarters.com/news/golden-ridge-resources-commences-phase-ii-drilling-at-the-williams-gold-property--df83fef2-8888-46e6-a6fd-52ca9954f6ee#fact-drill-facts-2) Williams · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: WIL-22-21 - Project: Williams - Commodity: gold - Region: canada\_nl - Reported Region: canada\_nl - Ticker: GLDN #### Geometry - Grade: 1.51 - Grade Unit: g/t - Intercept: 14.4 m - From: 88.1 m - To: 102.5 m - Intercept Depth: 88.1 m #### Classification - Sample Type: drill - Group ID: WIL-22-21:88.1-102.5 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: blanks #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2023-06-22T00:00:00.000Z Reasoning: Solid intercept with a notable high-grade sub-interval. - Positive factor: Includes higher grade sub-interval Evidence · text > WIL-22-21: 14.4 meters of 1.51 g/t Au from 88.10 to 102.50 meters #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### WIL-22-21 [Link to this fact](https://atlas-extractions.minestarters.com/news/golden-ridge-resources-commences-phase-ii-drilling-at-the-williams-gold-property--df83fef2-8888-46e6-a6fd-52ca9954f6ee#fact-drill-facts-3) Williams · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: WIL-22-21 - Project: Williams - Commodity: gold - Region: canada\_nl - Reported Region: canada\_nl - Ticker: GLDN #### Geometry - Grade: 2.49 - Grade Unit: g/t - Intercept: 4.6 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: blanks #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2023-06-22T00:00:00.000Z Reasoning: Stronger grade within the main intercept. - Positive factor: Higher grade sub-interval Evidence · text > including 4.6 meters of 2.49 g/t Au #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### WIL-22-20 [Link to this fact](https://atlas-extractions.minestarters.com/news/golden-ridge-resources-commences-phase-ii-drilling-at-the-williams-gold-property--df83fef2-8888-46e6-a6fd-52ca9954f6ee#fact-drill-facts-4) Williams · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: WIL-22-20 - Project: Williams - Commodity: gold - Region: canada\_nl - Reported Region: canada\_nl - Ticker: GLDN #### Geometry - Grade: 0.62 - Grade Unit: g/t - Intercept: 30 m - From: 64 m - To: 94 m - Intercept Depth: 64 m #### Classification - Sample Type: drill - Group ID: WIL-22-20:64-94 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: blanks #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2023-06-22T00:00:00.000Z Reasoning: Broad interval of mineralization. - Positive factor: Significant width Evidence · text > WIL-22-20: 30.0 meters of 0.62 g/t Au from 64.00 to 94.00 meters #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.