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Aldridge
Minerals Inc.
Aldridge
Minerals reports on drilling progress at Yenipazar deposit
VANCOUVER - December 4, 2007 - Aldridge
Minerals Inc. ("Aldridge" or "the Company") (TSX-V: AGM
Frankfurt: A0CAPB) announced today that the company is on schedule with its
resource definition drilling at Yenipazar in central Turkey. Resources
shall be defined within an optimized open pit shell. There is one permanent
reverse circulation drill rig (RC) on the project; to date, 29,410
RC-metres have been completed at Yenipazar in 215 holes, plus 2,293 metres
of diamond core.
Assays for 187 RC-holes
have been received from ALSChemex, but results for submitted samples from
the last 28 holes are still pending. All samples are surveyed on site with
a portable X-ray element reader, yielding results from grades above several
hundred ppm for various metals (1000 ppm (equal sign) 0.1%). While these
results are semi-quantitative, they do allow an assessment of the quality
of mineralization in most cases, and avoid sending barren samples to the
laboratory. According to the X-ray results for the last 28 holes,
mineralization in the southern sector of the Yenipazar deposit has been
found to reach 400 m width in one line of 40-m-spaced drillholes. This is
about twice as wide, across the known 1.7 km strike length of the deposit,
as has ever been found before. The area surrounding this unexpected
extension in deposit width will be a focus of further exploration.
The latest available
assays are from holes drilled in marginal sectors of the 1.7 km long
deposit, necessary for outlining the limits of the deposit. Better results
are:
DRILL HOLE ASSAYS FROM YENIPAZAR
Hole Interval (m)
Thick Au g/t Ag g/t Cu
% Pb % Zn %
No. from
to (m)
YP-177 26
76 8 (*)
2.13 14.10
0.09 0.82 1.18
YP-178 12
82 30 (xx) 0.74
39.41 0.41
1.06 0.76
YP-179 66
76 10
0.23 41.53
0.05 0.69 1.16
A full account of drill hole assay results is available on Aldridge's
website
(x) Cumulative thickness of two mineralized levels
(xx) Cumulative thickness of four mineralized levels
Aldridge President & Director, Dr. Hikmet Akin, said, "We are
pleased to see the Yenipazar Project growing larger with this discovery of
an unexpected extension in width. Overall, the southern part of the
deposit known appears to have wider mineralized sections than previously
understood, and contains sections with much higher grades than the northern
part, where the currently outlined NI43-101 resources are located. We are
looking forward to exploring the full extent of the southern portion of the
Yenipazar deposit in the coming six months."
The Yenipazar project is subject to an earn-in agreement with Anatolia
Minerals, wherein Aldridge can earn a 100% working interest.
Dr. Martin S. Oczlon, PhD Geo, a director of Aldridge and a Qualified
Person as such term is defined in NI-43-101, has reviewed and verified the
technical content of this release.
Aldridge Minerals Inc. is wholly focused on mineral opportunities in
Turkey where the Company is conducting an ambitious exploration and
development program at its flagship Yenipazar polymetallic VMS project. A
Preliminary Economic Assessment as well as an updated resource calculation
is scheduled for Q2 2008, subject to the eventually determined size of the
deposit and progress of respective resource definition drilling. Aldridge
has also identified several prospective nickel opportunities in Turkey and
has amassed a large property position where a systematic development
program has commenced.
On behalf of the Board of Directors
"Hikmet Akin"
-----------------------------------
President and Director
Forward-Looking Statements:
The statements made in this Press Release may contain forward-looking
statements that may involve a number of risks and uncertainties. Actual events
or results could differ materially from the Company's expectations and
projections.
The TSX Venture Exchange Inc. has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information
Dr. Hikmet Akin, President & CEO, Aldridge Minerals Inc., (604)
737-2743
Martti Kangas, The Equicom Group, (416) 815-0700 x 243
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