Westridge Initiates Core Drilling at Charay Project, Mexico
Feb 14, 2012, 08:02 ET
VANCOUVER, British Columbia, Feb. 14, 2012 /CNW/ - Westridge Resources Inc. (TSX-V: WST) (the "Company") announces a diamond drill program has commenced on its Charay Project in western Mexico. Westridge Resources has contracted Major Drilling Group International to undertake a 2,000 meter core drilling program.
This drilling program will test the El Padre vein at depth below the previous drilling, and further test the extension of the mineralized vein strike to the east
"We are pleased to have a solid drill contractor such as Major Drilling on site at Charay," comments John Dreier, Chief Geologist for Westridge Resources. "So far, each step of our exploration program on the property has been very encouraging. Our exploration programs have indicated potential for bonanza gold and silver grades, significant vein widths, and have expanded the potential of the system by identifying a much larger strike length. And still, we have explored much less than one percent of our land package. This drill program will be the first exploration program to drill test the main El Padre vein system to a depth greater than 40-50 meters. This will also be the first drill test for the major mineralized strike extensions of the El Padre vein system which Westridge has previously identified."
Earlier drilling by previous workers provided an initial near surface test over a 240 meters strike length of the main El Padre vein structure. Drill holes penetrated to a maximum depth of some 40-50 meters. In 2011 Westridge drilled three confirmatory drill holes. Results from these confirmatory drill holes were reported previously and demonstrated the presence of bonanza grades in the El Padre system (0.75meters at 204 gpt Au and 445 gpt Ag) and thicker zones of high grade (9.8meters at 18.78 gpt Au and 48.0 gpt Ag). True widths of these intersections are not precisely known at this early stage of exploration.
As reported on February 8, 2012, surface work completed by Westridge has approximately quadrupled the strike length of the El Padre Vein system to nearly one kilometer. This surface exploration work has also indicated multiple, gold and silver mineralized vein structures to the east of the previous drilling.
About Westridge Resources
Westridge Resources Inc. is a Canadian-based mineral exploration company focused on the acquisition, evaluation and exploration of mineral resource properties.
John Dreier is the Qualified Person, as defined by National Instrument 43-101, and has reviewed the technical aspects of this news release.
For further information please contact:
Westridge Resources Investor Relations
ON BEHALF OF THE BOARD
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.
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