Aldridge Minerals Inc.

Published : March 14th, 2007

Receives Positive Results on First Gravity Preconcentration Study of Yenipazar Ore

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Copper | Gold | K Street | Lead | Middle East | Recovery | Turkey | Zinc |

Aldridge Minerals Inc.

Aldridge Receives Positive Results on First Gravity Preconcentration Study of Yenipazar Ore

Vancouver, British Columbia, Canada. March 13, 2007. Aldridge Minerals Inc. (Frankfurt WKN: A0CAPB, TSX.V: AGM) ("Aldridge") is pleased to announce that first results from a gravity pre-concentration study indicate that the sulphide ore at Yenipazar (central Turkey) is amenable to gravity-enrichment before it enters a fine grinding circuit. Gravity-concentration has the potential to enrich the ore at an early stage in the ore processing scheme, and to reduce the size and cost for fine grinding capacities (usually among the highest cost factors in ore processing plants) and flotation cells. Aldridge's target is to produce a concentrate of all sulphide minerals for reduction of the feed mass to fine grinding and flotation circuits to about one third. After extraction of the copper, lead, and zinc sulphides in flotation, a fine ground pyrite concentrate would remain, potentially marketable to sulphuric acid producers.

Preliminary gravity-enrichment studies were carried out with laboratory shaking tables at the Middle East Technical University of Ankara (METU). Resulting concentrates and rejects were assayed by ALSChemex in Vancouver. 20 pulp samples from reverse circulation hammer (RC) drilling were united to produce one composite and homogenized sample that roughly reflects the deposit average grade and mineral characteristics. The assayed grade of this composite sample is 1.48 g/t Au, 33.1 g/t Ag, 0.42 % Cu, 1.27 % Pb, 1.85 % Zn. 18 gravity-concentration shaking table tests were conducted for a number of grain size fractions, including 0.5-0.212 mm and 0.212-0.106 mm with the following results:

Grain Size     Product  Weight-% Au g/t Ag g/t    Cu%    Pb%    Zn%    S%
-------------------------------------------------------------------------
-500+212 µ Concentrate     32.3     2.6   43.7  0.79   1.56   3.46    37
-------------------------------------------------------------------------
                 Waste     67.7    0.28    6.6  0.13   0.22   0.31  1.02
-------------------------------------------------------------------------
              Recovery%           81.58  75.94 74.28  77.19  84.19
-------------------------------------------------------------------------
-212+106 µ Concentrate    35.39    3.81   73.7  0.97   2.67   5.35  35.4
-------------------------------------------------------------------------
                 Waste    64.61    0.27    7.1  0.10   0.27   0.27  0.95
-------------------------------------------------------------------------
              Recovery%           85.54  84.99 84.49  84.46  91.00
-------------------------------------------------------------------------

Further tests with a grain size of 0.79-0.5 mm yielded similar recoveries, but the much higher concentrate mass indicates that recovered sulphide aggregates must have light waste minerals attached. This suggests, together with the other results, that the sulphide aggregates are largely liberated at probably about 0.5-0.6 mm.

Grain Size     Product  Weight-% Au g/t Ag g/t    Cu%    Pb%    Zn%    S%
-------------------------------------------------------------------------
-790-500 µ Concentrate    48.23    2.43     28  0.55   1.00   1.81    22
-------------------------------------------------------------------------
                 Waste    51.77    0.27      7  0.11   0.22   0.37  1.04
-------------------------------------------------------------------------
              Recovery%           89.34  78.84 81.96  80.90  82.00
-------------------------------------------------------------------------

These results, obtained from simple shaking table testing, form a pre-stage to further testing with more sophisticated gravity-concentration equipment. These are test-scale versions of industrial devices with capacities of 100 t/h, and more, suitable for a potential mining operation at Yenipazar. Aldridge has contacted several providers with different gravity-concentration technologies to conduct according tests. Results shall be used for a 43-101-compliant Preliminary Economic Assessment on Yenipazar, scheduled for Fall 2007.

Martin S. Oczlon, PhD Geo, a director of Aldridge and Qualified Person as such term is defined in NI 43-101, has reviewed and verified the technical content of this release. Aldridge is active in the exploration and development of gold and base metal projects in Turkey.

This press release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of risk factors beyond its control, and actual results may differ materially from the expected results. Additional testwork is required to confirm the efficiency of gravity pre-enrichment for the Yenipazar deposit. Although the testwork results are encouraging, there is no certainty that the ores will respond as well in a mine scale operation, and considerable additional testwork is necessary to confirm this and other metallurgical characteristics of the ores.

For further information, please contact:

Aldridge Minerals Inc.
Hikmet Akin
President, Director
Tel. +1 (604) 737 2743
15th Floor - 1040 West Georgia Street
Vancouver, BC  V6E 4H8, Canada
info@aldridgeminerals.com
http://www.aldridgeminerals.com/

Advice Portfolio Management GmbH
Hartmut Thome, Investor Relations
Josef-Reiert-Str. 4
69190 Walldorf
Germany
Tel. +49 (6227) 8395-0
Fax +49 (6227) 8395-70
info@advice-pm.de
http://www.advice-pm.de/


Powered by AXINO Mailservice

This mail distribution is a service of AXINO AG, Stuttgart on behalf of Aldridge Minerals Inc., Vancouver, Canada. This message is for information purposes only. AXINO AG does not take any liability for the correctness of the information sent. Recipients, that make investment decisions or transactions, are completely acting on their on responsibility.

To delete your address from this mailing list .
Data and Statistics for these countries : Canada | Turkey | All
Gold and Silver Prices for these countries : Canada | 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
2018-13.64%0.160.05
 
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$ 7.16+0.56%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.35-4.86%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$ 3.29-8.10%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 0.59-2.17%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.02+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.68+1.13%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$ 7.13+1.71%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.30+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.36+26.79%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$ 2.01-1.95%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 64.46+7.34%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$ 0.03+0.00%Trend Power :