VANCOUVER, Jan. 22 /CNW/ - Copper Ridge Explorations Inc. (TSX.V:KRX) (the "Company") is pleased to report that REC Minerals Corp. (TSX.V:REC) has announced a $550,000 diamond drill exploration program at the Company's Yukon Olympic Property, located in the Dawson Mining District, Yukon.
Yukon Olympic is an Iron Oxide Copper-Gold ("IOCG") prospect with similarities to the giant Olympic Dam deposit in Australia. REC's 2,000 m drill program will focus on the Blackstone anomaly that consists of a strong, roughly circular magnetic anomaly, greater than 2 km in diameter, with a partially fringing gravity anomaly up to 2.5 milligals in strength. The south-eastern portion of the gravity anomaly correlates with known, copper-bearing hematite (iron oxide) breccia in Spectacular Creek. The drilling will specifically target coincident gravity and Induced Polarization (chargeability) geophysical targets. The work is expected to commence in June, 2010. REC has an option to earn up to a 65% interest in the Yukon Olympic project from the Company.
Mr. J. Greg Dawson, P.Geo., Vice President of Exploration for Copper Ridge, is the Qualified Person for the Yukon Olympic project and is responsible for the technical content of this news release.
About Copper Ridge Explorations Inc.
Copper Ridge is committed to exploring in areas of high mineral potential with a current focus on the Duke Island platinum/copper/nickel project in southwest Alaska and the Clear Lake zinc/lead/silver massive sulphide in central Yukon. By exploring quality projects in mining-friendly jurisdictions, Copper Ridge is increasing the chance for discovery to maximize shareholder value.
Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance. There are numerous risks and uncertainties that could cause actual results and Copper Ridges' plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, Copper Ridge assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.
SOURCE Redtail Metals Corp.
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