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Re: News Release - Wednesday, October 03, 2007
Final Lucky Joe Drill Results 1500 m Copper-Gold Zone Defined
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Copper Ridge KRX-TSX.V
Press Release No. 24/2007
Vancouver, BC, October 3, 2007 - Copper Ridge Explorations Inc.
("Copper Ridge" or the "Company") announces final drill results from
its 100% owned Lucky Joe project, located 40 km south of Dawson City,
Yukon Territory. The target at Lucky Joe is a metamorphosed porphyry
copper-gold deposit or possibly a variety of IOCG (iron oxide
copper-gold) deposit as defined by two large copper-gold soil
geochemical anomalies and coincident geophysics. The drill program
included 2400 m in 13 holes (one of which did not reach bedrock) that
targeted the Ryan's Creek anomaly, southwest of the main Lucky Joe
deposit. These new results indicate the presence of a potentially large
copper-gold mineralized system. Subject to a complete review and
interpretation of the results from the 2007 drilling, the Company is
considering an ongoing drill program to test for continuity and higher
grade mineralization along strike from and below existing
intersections, particularly focusing on the 2,000 m gap between drill
holes LJ07-19 and LJ06-09.
Best results from this program include 7.3m at 0.905% Cu and .5 g/t
gold (LJ07-19), 26.6m at 0.152% Cu (LJ07-18) and 15.3m at 0.176%Cu
(LJ07-22). They define a copper-gold mineralized horizon that extends
for at least 1,500 m and possibly greater than 3,500 m in strike length
including 2006 hole LJ06-09. The horizon is defined by pyrite
mineralization that occurs as both disseminated and massive to semi
massive blebs throughout the host quartz-biotite-chlorite schist.
Copper mineralization, with associated elevated gold values, occurs
within this horizon as malachite near the upper sections and as
disseminated to blebby chalcopyrite at depth. The following table
summarizes the significant intersections.
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Hole No. From(m) To(m) Width(m) Cu(%) Au(g/t)
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LJ06-09* 50.9 62.95 12.05 0.370 0.800
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includes 57.0 60.05 3.05 0.760 0.380
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includes 60.05 62.45 2.4 0.170 3.240
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LJ07-14 171.9 187.2 15.3 0.103 0.018
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LJ07-16 27.1 46.7 19.6 0.187 0.079
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LJ07-18* 35.7 62.3 26.6 0.152 0.100
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includes 35.7 44.3 8.6 0.107 0.162
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includes 54.2 62.3 8.1 0.225 0.188
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LJ07-19 8.5 15.8 7.3 0.905 0.500
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LJ07-22 62.6 85.3 15.3 0.176 0.113
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* Previously reported
Mineralized intersections in all holes occur immediately east of a
strong IP chargeability anomaly and correlate directly with a sharply
defined copper-gold soil anomaly. Copper and gold values are increasing
to the south along the Ryan Trend structure, as demonstrated by hole
LJ07-19, the most southerly drill hole of the 2007 program, and hole
LJ06-09, located 2,000 m further south. Hole LJ07-21 was collared 160 m
north of hole LJ06-09 to follow up the copper-gold intersection
discovered in 2006 (see table above). Due to insufficient casing, this
hole was unable to penetrate the very broken and sandy material that
occurs above bedrock in this area. Therefore the intersection in hole
LJ06-09 remains open in all directions.
Drilling was carried out by Prospector Drilling of Ste. Rose Du Lac,
Manitoba and assays were completed by Eco Tech Laboratories of
Kamloops, British Columbia. Mr. J. Greg Dawson, P.Geo., Vice President
of Exploration for Copper Ridge, supervised the drill program, is the
Qualified Person for the Lucky Joe project and is responsible for the
technical content of this news 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, in mining-friendly jurisdictions
and by sharing the risks on some projects with joint venture partners,
Copper Ridge is exposing its shareholders to a greater chance for
discovery. The Company is well financed for the 2007 field program on
its Yukon and British Columbia properties.
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
Fax: 604-688-0835
info@copper-ridge.com
TSX Venture Exchange - KRX Pink Sheets - CRXOF Berlin - 502845
This release was prepared by management of the Company who takes full
responsibility for its contents. The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy or
accuracy of this news release.
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Copyright (c) 2007 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
Message sent on Wed Oct 3, 2007 at 1:03:51 PM Pacific Time
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