Westridge Resources Quadruples the Strike Length of the El Padre Vein to Nearly One Kilometer
05 Febrero 2012 - 9:01PM
PR Newswire (Canada)
FOLLOW UP DRILLING PLANNED FOR EARLY FEBRUARY, 2012 VANCOUVER,
British Columbia, Feb. 6, 2012 /CNW/ - Westridge Resources Inc.
("Westridge") announces that the strike length of the high grade
epithermal gold and silver El Padre Vein system in the Charay
Project in northern Sinaloa State, Mexico has expanded from 240
metres to nearly 1,000 metres through a recent trenching and
surface sampling program. Surface sample results include results of
up to 10.7 gpt Au and 531 gpt Ag. Follow up core drilling is
planned for early February 2012. Peter Schulhof, President of
Westridge Resources, commented, "We are very pleased with this
first batch of data from our $150,000 fall 2011 work program and we
are looking forward to further data to come. We have explored less
than .3% of our 11,000 hectare property." The El Padre Vein zone on
the Charay Project was previously explored by surface sampling and
shallow drilling in 2005, defining a mineralized zone along the El
Padre vein with a strike length of approximately 240 metres.
Drilling tested the vein structure down dip to approximately 50
metres. Assay results from this earlier work (not NI 43-101
compliant) suggested relatively low grades at surface and higher
gold grades in the shallow drilling that tested the El Padre vein
down dip. Confirmatory drilling by Westridge in 2011 demonstrated
the presence of bonanza grades in the El Padre system (0.75m at 204
gpt Au and 445 gpt Ag) and thicker zones of high grade (9.8m at
18.78 gpt Au and 48.0 gpt Ag). At this early stage of exploration,
true widths for the drill intersections are not precisely known.
During November and December of 2011, Westridge completed a
trenching, mapping, and sampling program to examine the extensions
of the known El Padre vein zone. This work focused on the eastern
extension of the vein system and traced the vein system further for
approximately an additional 750 metres in an easterly direction
from the original drilling. The surface sample results from the
work completed by Westridge, gave values of up to 5.7 gpt Au and
531 gpt Ag (Au ranged from 0.01 to 5.7 gpt and Ag averaged 146 gpt
and ranged from 1 to 531 gpt). Sampling by previous companies
ranged up to 10.7 gpt Au in this area. In addition, the sampling
has indicated broader zones of anomalous gold and silver not
strictly confined to the known vein structures. "We are very
encouraged by these results of our surface program in late 2011,"
comments John Dreier, Chief Geologist for Westridge. "These results
demonstrate that the El Padre vein system potentially has a much
larger strike length than originally demonstrated, with strong gold
and silver values at the surface. We are also encouraged by the
wider zones of anomalous gold and silver values. We look forward to
properly testing the extent of the El Padre vein system in the next
round of drilling." In compliance with National Instrument 43-101,
John Dreier, P. Geo., is the Qualified Person responsible for the
accuracy of this news release. About Westridge Resources Westridge
Resources Inc. is a Canadian-based mineral exploration and
development company. Its primary project is the Charay gold/silver
property located in Western Mexico For further information please
contact: John BevilacquaWestridge Investor Relations(604)
648-0518info@westridgeresources.com ON BEHALF OF THE BOARD Peter
SchulhofPresident Neither TSX Venture Exchange nor its Regulations
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. Forward Looking Statements Statements
contained in this news release that are not historical facts
constitute "forward-looking statements" or "forward-looking
information" within the meaning of applicable securities laws and
are based on expectations, estimates and projections as of the date
of this release. Forward-looking statements include, without
limitation, possible events, statements with respect to possible
events, the future price of gold and other commodities, the
realization of mineral resource estimates and success of
exploration activities. The words "is expected" or "estimates" or
variations of such words and phrases or statements that certain
actions, events or results "may" or "could" occur and similar
expressions identify forward-looking statements. Forward-looking
statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable by the Company as of
the date of such statements, are inherently subject to significant
business, economic and competitive uncertainties and contingencies.
Known and unknown factors could cause actual results to differ
materially from those projected in the forward-looking statements.
Such factors include, but are not limited to: fluctuations in the
spot and forward price of gold or certain other commodities;
changes in national and local government legislation, taxation,
controls, regulations and political or economic developments in
Canada; business opportunities that may be presented to, or pursued
by, the Company; operating or technical difficulties in connection
with mining activities; the speculative nature of gold exploration
and development, including the risks of obtaining necessary
licenses and permits; diminishing quantities or grades of reserves;
and contests over title to properties, particularly title to
undeveloped properties. In addition, there are risks and hazards
associated with the business of gold exploration, development and
mining, including environmental hazards, industrial accidents,
unusual or unexpected formations, pressures, cave-ins, flooding and
gold bullion losses (and the risk of inadequate insurance, or the
inability to obtain insurance, to cover these risks). Many of these
uncertainties and contingencies can affect the Company's actual
results and could cause actual results to differ materially from
those expressed or implied in any forward-looking statements made
by, or on behalf of, the Company. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Forward-looking statements are
provided for the purpose of providing information about
management's expectations and plans relating to the future. All of
the forward-looking statements made in this release are qualified
by these cautionary statements and those made in our other filings
with the securities regulators in Canada. These factors are not
intended to represent a complete list of the factors that could
affect the Company. Although the Company believes that the
expectations in the forward-looking statements are reasonable,
actual results may vary, and future results, levels of activity,
performance or achievements cannot be guaranteed. SOURCE Westridge
Resources Inc. Westridge Resources Inc.
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