VANCOUVER, British Columbia,
March 12, 2012 /PRNewswire/ --
Westridge Resources Inc. (the "Company") (TSX-V: WST)
announces that geological mapping and trenching has identified
several new epithermal veins south of the main El Padre Vein.
This field work is being conducted concurrently with the diamond
drill program underway on the Charay Project.
"Our mapping and trenching program has now demonstrated that the
total, cumulative strike length of all vein features identified and
inferred on the property is now reaching a total of 3,000 meters,
more than ten times the strike length previously identified for the
El Padre Vein," commented Peter
Schulhof, President & CEO of Westridge Resources. "Worth
noting is that we have explored far less than 1% of our 105 square
kilometer Charay Project and we expect surface work to continue to
identify more vein targets on the property."
As reported previously, surface exploration had extended the
known strike length of the El Padre Vein system from 250 meters to
over 1,000 meters. The ongoing surface mapping and trenching
program has now identified three new epithermal veins located 350
meters and up to 650 meters south of the El Padre Vein. Assays are
pending.
Mount Sicker Option Terminated
The Company also announces that it has terminated its option
with respect to the Mount Sicker Project on Vancouver Island in
order to focus its resources on the Charay Project. No further
share or cash issuances are required with respect to the Mount
Sicker Project.
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:
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.