FOLLOW UP DRILLING PLANNED FOR EARLY FEBRUARY, 2012
VANCOUVER, British Columbia, Feb. 6, 2012 /CNW/ - 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
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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.