Aldridge Minerals Inc.

Published : October 11th, 2011

Aldridge Minerals Inc. Announces Infill Drill Results and Exploration Update

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Aldridge Minerals Inc. has added a new press release to its web site.. For full details please visit the Aldridge web site at:

Aldridge Minerals Inc. Announces Infill Drill Results and Exploration Update

/Not for dissemination in the United States or through U.S. newswires/


www.aldridgeminerals.ca �  �  �  �  TSX-V: AGM
Frankfurt: AIW

� 

TORONTO, Oct. 11, 2011 /CNW/ - Aldridge Minerals Inc. (TSX Venture: AGM) ("Aldridge" or the "Company") is pleased to announce partial results from its summer infill Diamond drill program, which was conducted to obtain material for metallurgical testing.�  A total of 30 metallurgical holes have been completed and are being shipped to SGS Laboratories in the UK for a variability analysis as well as further crushing, grinding and floatation test work as part of the Company's feasibility study.�  Aldridge is very pleased with the results as they continue to confirm that higher than resource grade zones can be found within the Yenipazar deposit.�  Additionally, several of the drill holes show levels of gold and silver much greater than were encountered in the RC drilling done for the resource calculation as reported in the Company's Preliminary Economic Assessment (the "PEA") (see press release dated December 20, 2010. The PEA is available at www.sedar.com).�  Hole YPD-16 cut over 50 metres grading almost 7.0 g/t gold, which is the best gold intercept we have found in our entire drill database.

Highlights include:

  • 54.0 metres grading 6.95 g/t Au, 16.43 g/t Ag, 0.91% Cu, 0.31% Pb and 0.38% Zn
  • 15.0 metres grading 5.55 g/t Au, 158.65 g/t Ag, 1.13% Cu, 4.40% Pb and 5.47% Zn
  • 20.0 metres grading 1.60 g/t Au, 58.24 g/t Ag, 0.50% Cu, 2.15% Pb and 3.84% Zn

See the table below for a full list of complete drill results to date. Assay results for 14 holes are pending.

Additionally, the Company is pleased to report that its systematic exploration program on its 100 square kilometre property surrounding the Yenipazar deposit has discovered two new mineralized outcrops.�  One of the outcrops is located almost 1.8 kilometres due north of the known extent of the resource and was shown to have grades at or above our average resource grades.�  A hand-held Niton XRF tool was used to measure the grades.�  The second outcrop is approximately 1.3 kilometres north and north east of the known resource and is similarly mineralized.�  Therefore, the Company has commenced exploration drilling in these areas to test this mineralization.�  The program is expected to consist of 5 to 7 drill holes of approximately 200 metres per hole, but ultimately will depend on the results as we progress.�  The Company's exploration manager and qualified person under NI 43-101, Dr. Martin Oczlon said, "These new outcrops are very exciting to us because they could lead to a sizeable increase in our resource base, in particular for gold in the oxide zone. Tests are scheduled to understand how much of this gold can be recovered gravitationally, and a 43-101-compliant resource update is to follow receipt of the complete assay results".

Hole From
(m)
To (m) Length
(m)
Au (g/t) Ag (g/t) Cu % Pb % Zn %
YPD-8 34 39 5 0.24 36.1 0.08 0.55 0.32
YPD-8 62 69 7 1.36 29.4 0.49 0.74 1.20
YPD-8 78 82 4 0.32 23.2 0.26 3.09 1.03
YPD-8 95 118 23 0.89 40.4 0.26 1.74 2.11
�  �  �  �  �  �  �  �  � 
YPD-9 0 45 45 2.24 50.0 0.60 1.97 0.50
YPD-9 63 88 25 0.92 23.3 0.43 0.63 2.42
�  �  �  �  �  �  �  �  � 
YPD-10 34 42 8 0.12 11.1 0.03 0.34 0.80
YPD-10 61 66 5 0.29 32.9 0.09 0.91 0.89
�  �  �  �  �  �  �  �  � 
YPD-11 70 77 7 1.63 66.8 0.32 3.69 6.05
YPD-11 141 185 44 1.05 42.3 0.30 1.07 1.62
�  �  �  �  �  �  �  �  � 
YPD-16 43 50 7 3.24 12.7 1.19 1.87 1.32
YPD-16 50 104 54 6.95 16.4 0.91 0.31 0.38
�  �  �  �  �  �  �  �  � 
YPD-17 16 40 24 1.68 69.4 0.26 3.11 0.44
YPD-17 49 54 5 0.47 33.7 0.13 1.17 1.14
�  �  �  �  �  �  �  �  � 
YPD-18 40 44 4 1.45 55.6 0.47 2.06 3.38
YPD-18 87 111 24 1.24 15.7 0.33 0.39 0.65
�  �  �  �  �  �  �  �  � 
YPD-19 22 26 4 0.62 6.4 0.17 0.63 0.40
YPD-19 46 92 46 2.22 26.0 0.52 0.74 1.43
�  �  �  �  �  �  �  �  � 
YPD-20 19 33 14 0.49 31.5 0.24 0.93 0.48
YPD-20 84 102 18 1.17 79.6 0.17 0.41 4.81
�  �  �  �  �  �  �  �  � 
YPD-21 24 26 2 1.18 20.8 0.98 3.25 0.37
YPD-21 33 49 16 0..20 23.4 0.05 0.65 1.33
YPD-21 61 83 22 1.17 30.8 0.40 0.96 1.30
YPD-21 95 97 2 0.64 22.9 0.22 1.36 1.83
�  �  �  �  �  �  �  �  � 
YPD-22 83 90 7 3.56 106.8 1.00 3.72 4.79
YPD-22 96 99 3 0.52 23.9 0.44 0.69 0.81
YPD-22 111 120 8 0.57 29.9 0.21 1.15 1.36
YPD-22 146 152 6 0.34 2.5 0.82 0.00 0.01
YPD-22 176 182 6 0.57 32.0 0.16 0.82 0.94
�  �  �  �  �  �  �  �  � 
YPD-23 72 86 14 0.90 19.0 0.20 0.63 0.65
YPD-23 99 107 8 1.69 58.2 0.50 2.15 3.84
�  �  �  �  �  �  �  �  � 
YPD-25 74 89 15 5.55 158.7 1.13 4.40 5.47
YPD-25 98 102 4 1.05 12.2 0.42 0.09 0.05
YPD-25 109 129 20 0.99 35.4 0.28 0.87 1.44
YPD-25 134 143 9 0.40 25.1 0.19 0.71 0.97
YPD-25 174 202 28 1.40 36.3 0.41 1.35 1.84
�  �  �  �  �  �  �  �  � 
YPD-34 122 128 6 1.22 50.7 0.4 2.33 3.32
�  �  �  �  �  �  �  �  � 
YPD-36 39 42 3 1.27 51.3 0.43 2.24 2.47
YPD-36 46 66 20 1.60 58.8 0.47 1.79 3.48
�  �  �  �  �  �  �  �  � 
YPD-37 12 30 18 0.40 33.6 0.21 0.62 0.27
YPD-37 65 109 44 1.79 18.5 0.42 0.40 0.75
YPD-37 130 132 2 0.33 46.5 0.04 0.48 0.85

In other news, the Company is expecting a report summarizing results of a metallurgical study performed by G&T Metallurgical Services.

Lastly, the Company has now been drilling on its Kili Teke project in Papua New Guinea for over two weeks and the first results are expected in due course.

Martin S. Oczlon, PhD Geo, a director of Aldridge and Qualified Person as defined in NI 43-101, has reviewed and verified the technical content of this press release.

About Aldridge Minerals Inc.

Aldridge is focused on mineral opportunities in Turkey where the Company is advancing to feasibility on an ambitious development program at its flagship Yenipazar polymetallic VMS deposit.. Aldridge also holds a 338 square kilometre exploration licence in Papua New Guinea where a systematic exploration program is underway.

The Yenipazar deposit is subject to an earn-in agreement with Alacer Gold Corp., wherein Aldridge can earn a 100% working interest subject to certain conditions, subject to a 6 % net profit interest ("NPI", revenues less operational costs) until revenues of US$ 165 million are generated, and a 10� % NPI from there on.

Additional information and corporate documents may be found on www.sedar.com and the Company's website, www.aldridgeminerals.ca.

Neither the TSX Venture Exchange nor its Regulation 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..

Caution Regarding Forward-Looking Information

This news release includes certain forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed in such forward-looking statements. Forward-looking statements in this news release, include, but are not limited to, economic performance and future plans and objectives of the Company. Any number of important factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although Aldridge believes that the assumptions and factors used in making the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed timeframes or at all. Aldridge disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.



Click Here for a complete listing of Aldridge press releases.

-------------------
To unsubscribe from this list please visit the email alert section of the Aldridge site.


Date Sent: 10/11/2011 8:07:41 AM Powered by Q4 Web Systems
Data and Statistics for these countries : Guinea | New Guinea | Papua New Guinea | Turkey | All
Gold and Silver Prices for these countries : Guinea | New Guinea | Papua New Guinea | Turkey | All

Aldridge Minerals Inc.

EXPLORATION STAGE
CODE : AGM.V
ISIN : CA0144301029
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Aldridge Min. is a gold and silver exploration company based in Canada.

Aldridge Min. holds various exploration projects in Turkey.

Its main exploration properties are DERINKOY, YENIPAZAR, PAPUA and MURAT DAG in Turkey.

Aldridge Min. is listed in Canada and in Germany. Its market capitalisation is CA$ 10.2 millions as of today (US$ 7.5 millions, € 6.5 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 3.75, and its lowest recent point on June 22, 2018 at CA$ 0.05.

Aldridge Min. has 107 130 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Aldridge Minerals Inc.
8/29/2016Aldridge Minerals Provides Financing Update
7/28/2016Aldridge Minerals Provides Financing Update
2/22/2013Aldridge Minerals Closes Previously Announced Non-Brokered F...
2/14/2013Aldridge Minerals Closes Previously Announced Financing
12/12/2012Aldridge Minerals Announces $10.5 Million Underwritten Priva...
4/27/2012Aldridge - Aldridge Announces Closing of the Private Placeme...
3/28/2012Aldridge Minerals announces shareholder approval of the ANT ...
2/8/2012Aldridge - Aldridge Announces $11.2 Million Private Placemen...
9/15/2008announces Proceeds of CAD $3.36 million from Private Placeme...
7/29/2008announces private placement
4/11/2008 Announces Terms Of Brokered Private Placement
2/12/2008announces proceeds of CAD 1.3 million from exercise of warra...
12/4/2007Completes Non-Brokered Private Placement
11/19/2007amends terms of non-brokered private placement
Option Grants of Aldridge Minerals Inc.
11/27/2013Aldridge - Aldridge Grants Options
4/9/2013Aldridge - Aldridge Grants Options
2/29/2012Aldridge Minerals grants options
6/16/2011Grants 400,000 options to two directors
Nominations of Aldridge Minerals Inc.
2/25/2008Appoints Charles M. Raymond to its Board of Directors
Financials of Aldridge Minerals Inc.
10/19/2012Aldridge - Aldridge Reports Third Quarter 2012 Financial Res...
7/20/2012Aldridge Minerals Reports Second Quarter 2012 Financial Resu...
Project news of Aldridge Minerals Inc.
6/17/2013Aldridge - Aldridge Earns 100% Interest In Yenipazar
5/17/2013Aldridge - Aldridge Files NI 43-101 Technical Report for Yen...
2/15/2012(Yenipazar)Aldridge Minerals Discovers Additional Mineralization at Yen...
10/24/2011(Yenipazar)Aldridge Minerals Inc. Finds Significantly Higher Metal Grad...
6/10/2009(Derinkoy)Arranges Joint Venture for Derinkoy Properties
7/7/2008(Yenipazar)announces latest results from Yenipazar (VMS, Turkey) for in...
1/10/2008(Murat Dag)reports first results of nickel laterite drill campaign in W...
12/5/2007(Yenipazar)reports on drilling progress at Yenipazar deposit
11/12/2007(Yenipazar)reports on resource upgrade and enlargement at Yenipazar dep...
10/11/2007(Yenipazar)drills high-grade core at Yenipazar deposit - Intersects 34 ...
Corporate news of Aldridge Minerals Inc.
6/29/2016Aldridge Announces Results of Annual Shareholders Meeting
5/13/2016Aldridge Reports Q1 2016 Financial Results and Provides a Co...
3/29/2016Aldridge Reports Year-End 2015 Financial Results and Provide...
12/15/2015Aldridge Grants Stock Options
9/25/2015Aldridge Announces Resignation of Vice President Project Dev...
7/16/2015Aldridge Receives Investment Incentive Certificates That Inc...
4/13/2015Cormark Securities Inc. Initiates Research Coverage on Aldri...
3/30/2015Aldridge to Attend Upcoming Investor Conferences
3/26/2015Aldridge Grants Stock Options
3/24/2015Aldridge Reports Year-End 2014 Financial Results and Provide...
2/23/2015Aldridge to Attend PDAC 2015 in Toronto, Canada March 1-2, 2...
1/14/2015Aldridge Hires Jaymes Dircks as EPC Director
1/12/2015Aldridge Hires Jaymes Dircks as EPC Director
1/8/2015Aldridge to Attend Cambridge Vancouver Resource Investment C...
12/20/2014Aldridge Grants Stock Options
12/19/2014Aldridge Grants Stock Options
11/17/2014Aldridge Awards Value Engineering & Construction Planning Co...
11/13/2014Aldridge Reports Q3 2014 Financial Results and Provides a Co...
9/26/2014Aldridge Closes US$45 Million Financing with Orion Mine Fina...
9/2/2014IIROC Trading Resumption - AGM
9/2/2014Aldridge Reports Q2 2014 Financial Results and Provides a Co...
11/15/2013Aldridge - Aldridge Files Q3 2013 Financial Statements
8/28/2013Aldridge - Aldridge Completes Yenipazar EIA Report
8/14/2013Aldridge - Aldridge Files Q2 2013 Financial Statements
7/16/2013Aldridge - Aldridge Announces Leadership Change
2/19/2013Aldridge - Aldridge Retains Cutfield Freeman to Aid in Secur...
12/12/2012Aldridge - IIROC Trading Resumption - AGM
11/1/2012Aldridge - Aldridge Retains Independent Trading Group As Mar...
7/6/2012(Papua)Aldridge Minerals to Exit Papua New Guinea
6/13/2012Aldridge - Aldridge Announces an Updated 43-101 Resource Est...
5/2/2012Aldridge - Aldridge Appoints Robbert Borst VP Project Develo...
3/13/2012Aldridge Minerals Receives Positive Recommendation from ISS ...
3/6/2012(Yenipazar)Aldridge Minerals Provides Yenipazar Feasibility Update - Mi...
2/27/2012Aldridge Minerals Announces Execution of Definitive Investme...
2/25/2012Aldridge Minerals Announces Filing of Annual Financials
2/7/2012Jacob Willoughby to Step Down as President and Director of A...
1/31/2012(Papua)Aldridge Minerals Reports Drill Results from its 100 % owned...
10/11/2011Aldridge Minerals Inc. Announces Infill Drill Results and Ex...
7/19/2011Aldridge Minerals Inc. Retains Renmark Financial Communicati...
6/24/2011ALDRIDGE MINERALS INC=2E ENGAGESJACOBS MINERALS CANADA INC=2...
6/21/2011ALDRIDGE MINERALS INC=2E APPOINTS CHIEF FINANCIAL OFFICER AN...
6/16/2011ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING AND GRANTS OPTIO...
12/22/2008Acquisition of Valhalla Resources Ltd. and its exploration p...
6/27/2008hires Swiss IR/PR Consulting Group
5/7/2008announces results of the 2008 annual and special meeting
11/7/2007 announces director resignation
6/2/2007Wins License for Laterite With Nickel Potential in Auction B...
3/14/2007Receives Positive Results on First Gravity Preconcentration ...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (AGM.V)FRANKFURT (AIW.F)
0.095+0.00%0.047+17.50%
TSX-V
CA$ 0.095
12/27 13:52 -
0%
Prev close Open
0.095 0.095
Low High
0.095 0.095
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.095 -%
Volume 1 month var.
89,000 -%
24hGold TrendPower© : 30
Produces
Develops
Explores for Copper - Gold - Lead - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 4/20/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.49+0.13%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.76+1.29%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.54-0.92%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.59-0.38%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.15+0.80%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24-7.84%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.22+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.79-2.72%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 50.54+0.40%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :