VANCOUVER, British Columbia,
Feb. 6, 2012 /PRNewswire/ --
Westridge Resources Inc. (TSX-V: WST) ("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 Bevilacqua
Westridge Investor Relations
(604) 648-0518
info@westridgeresources.com
ON BEHALF OF THE BOARD
Peter Schulhof
President
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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.