COPPER RIDGE SETTLEMENT OF DOROTHY OPTION
TSX-V: KRX
www.copper-ridge.com
VANCOUVER, Nov. 12 /CNW/ - Copper Ridge Explorations Inc. (TSX-V: KRX) ("Copper Ridge") announces that pursuant to an option agreement (the "Agreement") through which the Company can earn a 100% interest in the Dorothy copper-molybdenum porphyry property, the Company and the vendor have agreed to adjust the annual cash payment of $50,000 by issuing to the vendor 116,300 common shares of the Company plus $25,000 in cash.
The Dorothy property is located 80 kilometres northeast of Smithers, British Columbia, in the Omenica Mining Division. It is host to porphyry copper-molybdenum mineralization associated with a biotitic-feldspar porphyry intrusion. Geophysical surveys suggest that the porphyry has been bisected and offset by a fault. If this interpretation is correct, the entire western half of the deposit has yet to be tested by drilling.
Mr. J. Greg Dawson, P.Geo., President of Copper Ridge and a Qualified Person as defined by National Instrument 43-101, is responsible for the technical content of this news release. Further information on Copper Ridge's exploration portfolio can be found at www.copper-ridge.com
About Copper Ridge Explorations Inc.
Copper Ridge Explorations Inc. specializes in identifying, acquiring and developing quality precious metal enriched copper, lead and zinc mineral deposits in the Yukon. The Company minimizes the risk inherent in the exploration business by focusing its exploration efforts in jurisdictions that are both politically stable and endowed with great mineral wealth.
Neither TSX Venture Exchange nor its Regulation 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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. 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 Ridge's 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.
For further information:
For additional information: | Copper Ridge Explorations Inc. J. Greg Dawson, President (604) 648-4653 |
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