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Copper Ridge Commences Drilling At Babine Copper-Gold Porphyry
Project
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Vancouver, BC, October 2, 2008 - Copper Ridge Explorations Inc.
("Copper Ridge" or the "Company") announces that a core drilling
program on its road accessible Babine copper-gold-molybdenum porphyry
project is now underway. This project includes the Nak and Dorothy
porphyry deposits, located near Babine Lake north of Smithers, British
Columbia. The drill program will include approximately 1,000 m in six
holes, testing newly defined IP chargeability anomalies that extend
from known mineralization.
The Dorothy and NAK deposits occur in the Babine copper-gold porphyry
belt that includes the Bell and Granisle mines, the Morrison deposit
and numerous undeveloped prospects. The Bell and Granisle mines
together produced 130 million tonnes of ore grading 0.4% copper (Cu),
0.15 g/t gold (Au) and 0.75 g/t silver. Copper Ridge believes that the
Babine Project has excellent potential for discovery of both higher
grade and larger tonnage porphyry copper and gold mineralization in
this area of glacial till overburden cover and relatively little
surface outcrop exposure. The Company has just completed property-wide,
reconnaissance scale Induced Polarization and magnetic geophysical
surveys and a soil geochemical survey. The Company has the right to
earn a 100% interest in both the Nak and Dorothy deposits under two
separate option agreements.
The NAK deposit was explored by Noranda in the 1960's and 1970's and
more recently by a number of junior exploration companies through the
mid 1990's. Copper-gold mineralization at the NAK property is
associated with disseminated chalcopyrite, pyrite and local bornite,
within and adjacent to multiple phase porphyry intrusions and local
breccia zones. Historical drilling has included 98 core holes for a
total of 15,629 m. Highlights from the most recent drilling include
70.7 m grading 0.248% Cu and 1.166 g/t Au in hole 96-55, 168.5 m
grading 0.352% Cu and 0.646 g/t Au in hole 95-15, 12.5 m grading 2.614%
Cu and 0.143 g/t Au in hole 96-58, 18.0 m grading 1.318% Cu and 0.203
g/t Au in hole 96-65 and 21.3 m grading 0.295% Cu and 1.059 g/t Au in
hole 96-70. (see www.copper-ridge.com for additional details)
The Dorothy deposit was originally staked in 1969 and was subject to
surface exploration and a 29 hole, 2,973 m drill program in the early
1970's. Subsequent surface exploration has been carried out that
suggests the Dorothy pluton, which belongs to the well-mineralized
Babine plutonic suite, is significantly larger than was originally
believed. Copper mineralization has been discovered in new logging
roads outside the originally drilled area, and the recently completed
IP survey suggests a significantly larger mineralized area. Mr. J. Greg
Dawson, P.Geo., Vice President of Exploration for Copper Ridge, is the
Qualified Person at the Babine Project for Copper Ridge and has
reviewed the technical content of this release.
Copper Ridge's exploration philosophy focuses on maximizing the
potential for success in a high-risk business. With grass roots mineral
exploration, where the entry cost is low but the potential reward can
be very high, success will be contingent on exploration skill and on
carefully managed risk. Our management team brings tenacity, technical
skill and experience, all crucial ingredients for discovery. By
exploring a broad array of projects, focusing on the right commodities,
in areas of high mineral potential and in mining-friendly jurisdictions
and by sharing the risks on some projects with joint venture partners,
the Company is exposing its shareholders to a greater chance for
discovery.
Contact:
Gerald G. Carlson, President & CEO
Copper Ridge Explorations Inc.
Suite 500 -- 625 Howe Street
Vancouver, B.C. V6C 2T6
Phone: 604-688-0833; 1-888-278-2288
info@copper-ridge.com
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Copyright (c) 2008 COPPER RIDGE EXPLORATIONS INC. (KRX) All rights
reserved. For more information visit our website at
http://www.copper-ridge.com/ or send mailto:info@copper-ridge.com
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