VANCOUVER, British Columbia,
Feb. 14, 2012 /PRNewswire/ -- 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:
John Bevilacqua
Westridge Resources Investor Relations
(604) 648-0518
info@westridgeresources.com
ON BEHALF OF THE BOARD
"Peter
Schulhof"
Peter Schulhof
President
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.