VANCOUVER, B.C. – Westridge Resources Inc. (the “Company”) announces that the cumulative strike length of all mineralized vein structures on the Charay Property is now approximately 4,000 meters compared to 250 meters when the project was acquired. This has been accomplished through ongoing interpretation of the results of drilling, geological mapping, trenching and sampling, all of which continues to identify new epithermal veins.
Two main geological units have been identified at Charay, an upper volcaniclastic unit and a lower andesite flow unit. The high-grade veins exposed at the surface and cut by drilling occur within the deeper, andesite flow sequence. Where the veins enter the overlying volcaniclastic rocks they become wide zones of silicification, clay alteration and lower-grade gold-silver mineralization.
“The geological relationships suggest that the overlying volcaniclastic rocks acted as a cap to the mineralization at Charay,” comments John Dreier, Chief Geologist. “The contact between the two units dips at a shallow angle to the north and northwest. This suggests that the best gold and silver values in the extensions of the El Padre vein system to the northeast and southwest lie at moderate depth in the underlying andesite flows.” John Dreier continues, “Our geology indicates that the favorable andesite flow unit will be present at shallow depths to the north and northwest, with strong exploration potential for the discovery of new, wide vein zones both there and elsewhere on the property.”
Peter Schulhof, CEO, comments, “We have explored less than one percent of our land package at Charay. We consistently continue to identify new veins, and the drilling has clearly indicated the potential for the veins to expand into wider vein zones. We look forward to our next drill program and exploring the full property package at Charay.”
About Westridge Resources
Westridge Resources Inc. is a Canadian-based mineral exploration company focused on the acquisition, evaluation and exploration of mineral resource properties. Westridge has an option to acquire up to a 100% interest in the Charay Gold/Silver Project, located in Sinaloa State, Mexico.
For further information please contact:
Alan Huycke
Westridge Resources Investor Relations
647-258-3311
416-363-7977 (Fax)
[email protected]
ON BEHALF OF THE BOARD
“Peter Schulhof”
Peter Schulhof
President
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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.