| Vancouver, British Columbia CANADA – Westridge Resources Inc. (“Westridge” or the “Company”) is pleased to announce it plans a further diamond drilling program on its Charay project, located near the seaside city of Los Mochis, Sinaloa Mexico, in the first quarter of 2012 as a result of the December 23rd closing of the first tranche of the previously announced financing (gross proceeds of $1,001,369). This drilling program is designed to extend and expand the zone of gold and silver mineralization defined by previous drilling on the El Padre vein both to depth and along strike. Earlier workers completed 20 drill holes to a depth of approximately 50 meters below the surface and approximately 250 meters along the strike of the El Padre vein. Westridge Resources completed three twin holes in July 2011 to confirm earlier drilling. These results confirm the presence of bonanza grade gold and silver in the El Padre vein system (0.75m at 204.0 got Au and 445 gpt AG) and potential for longer intervals of high grade (9.8m at 18.78 gpt Au). *July 2011 Westridge due Diligence Drilling*
Drill hole 21T2 also indicated potential for multiple vein intersections, with a second interval of gold mineralization below the interpreted intersection of the El Padre vein. All drill hole averages are weighted averages, weighting each assay interval according to the core length for that assay interval. All assay intervals are included in the average, with no bottom cut-off. True widths of mineralization in these drill holes, at this stage of exploration, are not precisely known. The gold assays were completed by ALS in Vancouver, using a 30 gram charge, fire assay, with an ICP finish. In November and December Westridge Resources completed a program of geological mapping, trenching, and outcrop and soil sampling along and adjacent to the El Padre vein to follow-up on the diamond drilling. The results of this work will guide the first quarter drill program. 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 company focused on the acquisition, evaluation and exploration of mineral resource properties. As recently announced, Westridge has entered into an option agreement, the completion of which is subject to Exchange approval, to acquire up to a 100% interest in the Charay Project, located in Sinaloa State, Mexico. For further information please contact: Alan Huycke Investor Cubed Inc. (888) 258-3323 or (647) 258-3311 [email protected] John Bevilacqua Acqua Capital Group (604) 648-0518 [email protected] Kelly Boatright The Windward Agency (866) 583-6300 [email protected] ON BEHALF OF THE BOARD “Peter Schulhof” President WESTRIDGE RESOURCES INC. Suite 717-1030 West Georgia Street Vancouver, BC V6E 2Y3 Telephone: (604) 630-7494 Fax: (604) 629-0923 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. The estimates and assumptions of the Company contained in this release which may prove to be incorrect, include, but are not limited to, (1) the completion of Company’s acquisition of an interest in the Charay property; (2) the initiation of an exploration and core drilling program on the Charay property before the end of 2011; and (3) the acceptance of the service agreement with Investor Cubed Inc.. 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. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Vancouver, British Columbia CANADA – Westridge Resources Inc. (“Westridge” or the “Company”) is pleased to announce it plans a further diamond drilling program on its Charay project, located near the seaside city of Los Mochis, Sinaloa Mexico, in the first quarter of 2012 as a result of the December 23rd closing of the first tranche of the previously announced financing (gross proceeds of $1,001,369). This drilling program is designed to extend and expand the zone of gold and silver mineralization defined by previous drilling on the El Padre vein both to depth and along strike. Earlier workers completed 20 drill holes to a depth of approximately 50 meters below the surface and approximately 250 meters along the strike of the El Padre vein. Westridge Resources completed three twin holes in July 2011 to confirm earlier drilling. These results confirm the presence of bonanza grade gold and silver in the El Padre vein system (0.75m at 204.0 got Au and 445 gpt AG) and potential for longer intervals of high grade (9.8m at 18.78 gpt Au). *July 2011 Westridge due Diligence Drilling*
Drill hole 21T2 also indicated potential for multiple vein intersections, with a second interval of gold mineralization below the interpreted intersection of the El Padre vein. All drill hole averages are weighted averages, weighting each assay interval according to the core length for that assay interval. All assay intervals are included in the average, with no bottom cut-off. True widths of mineralization in these drill holes, at this stage of exploration, are not precisely known. The gold assays were completed by ALS in Vancouver, using a 30 gram charge, fire assay, with an ICP finish. In November and December Westridge Resources completed a program of geological mapping, trenching, and outcrop and soil sampling along and adjacent to the El Padre vein to follow-up on the diamond drilling. The results of this work will guide the first quarter drill program. 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 company focused on the acquisition, evaluation and exploration of mineral resource properties. As recently announced, Westridge has entered into an option agreement, the completion of which is subject to Exchange approval, to acquire up to a 100% interest in the Charay Project, located in Sinaloa State, Mexico. For further information please contact: Alan Huycke Investor Cubed Inc. (888) 258-3323 or (647) 258-3311 [email protected] John Bevilacqua Acqua Capital Group (604) 648-0518 [email protected] Kelly Boatright The Windward Agency (866) 583-6300 [email protected] ON BEHALF OF THE BOARD “Peter Schulhof” President WESTRIDGE RESOURCES INC. Suite 717-1030 West Georgia Street Vancouver, BC V6E 2Y3 Telephone: (604) 630-7494 Fax: (604) 629-0923 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. The estimates and assumptions of the Company contained in this release which may prove to be incorrect, include, but are not limited to, (1) the completion of Company’s acquisition of an interest in the Charay property; (2) the initiation of an exploration and core drilling program on the Charay property before the end of 2011; and (3) the acceptance of the service agreement with Investor Cubed Inc.. 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. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
This drilling program is designed to extend and expand the zone of gold and silver mineralization defined by previous drilling on the El Padre vein both to depth and along strike. Earlier workers completed 20 drill holes to a depth of approximately 50 meters below the surface and approximately 250 meters along the strike of the El Padre vein. Westridge Resources completed three twin holes in July 2011 to confirm earlier drilling. These results confirm the presence of bonanza grade gold and silver in the El Padre vein system (0.75m at 204.0 got Au and 445 gpt AG) and potential for longer intervals of high grade (9.8m at 18.78 gpt Au).
*July 2011 Westridge due Diligence Drilling*
| DDH | From (m) | To (m) | Interval (m) | Gold (gpt) | Gold (opt) | Ag (gpt) |
| 21-T-2 | 22.4 | 24.55 | 2.15 | 81.06 | 2.36 | 268.2 |
| Includes | 23.8 | 24.55 | 0.75 | 204.0 | 5.95 | 445.0 |
| 49.0 | 51.0 | 2.0 | 12.15 | 0.35 | 49.7 | |
| 18-T | 60.4 | 61.5 | 1.1 | 9.19 | 0.27 | 30.0 |
| 65.0 | 74.8 | 9.8 | 18.78 | 0.55 | 48.0 | |
| Includes | 69.4 | 73.2 | 3.6 | 26.52 | 0.77 | 51.3 |
| 23-T | 13.4 | 15.6 | 2.2 | 10.42 | 0.30 | 23.3 |
Drill hole 21T2 also indicated potential for multiple vein intersections, with a second interval of gold mineralization below the interpreted intersection of the El Padre vein. All drill hole averages are weighted averages, weighting each assay interval according to the core length for that assay interval. All assay intervals are included in the average, with no bottom cut-off. True widths of mineralization in these drill holes, at this stage of exploration, are not precisely known. The gold assays were completed by ALS in Vancouver, using a 30 gram charge, fire assay, with an ICP finish.
In November and December Westridge Resources completed a program of geological mapping, trenching, and outcrop and soil sampling along and adjacent to the El Padre vein to follow-up on the diamond drilling. The results of this work will guide the first quarter drill program.
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 company focused on the acquisition, evaluation and exploration of mineral resource properties. As recently announced, Westridge has entered into an option agreement, the completion of which is subject to Exchange approval, to acquire up to a 100% interest in the Charay Project, located in Sinaloa State, Mexico.
For further information please contact:
Alan Huycke
Investor Cubed Inc.
(888) 258-3323 or (647) 258-3311
[email protected]
John Bevilacqua
Acqua Capital Group
(604) 648-0518
[email protected]
Kelly Boatright
The Windward Agency
(866) 583-6300
[email protected]
ON BEHALF OF THE BOARD
“Peter Schulhof”
President
WESTRIDGE RESOURCES INC.
Suite 717-1030 West Georgia Street Vancouver, BC V6E 2Y3
Telephone: (604) 630-7494
Fax: (604) 629-0923
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. The estimates and assumptions of the Company contained in this release which may prove to be incorrect, include, but are not limited to, (1) the completion of Company’s acquisition of an interest in the Charay property; (2) the initiation of an exploration and core drilling program on the Charay property before the end of 2011; and (3) the acceptance of the service agreement with Investor Cubed Inc.. 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.
