Aldridge Minerals Inc.
Aldridge Minerals Inc.: DRILLING TO UPGRADE GOLD-BASE METAL RESOURCE AT YENIPAZAR, CENTRAL TURKEY
Corporate News transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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ALDRIDGE MINERALS INC.
15th Floor – 1040 West Georgia Street
Vancouver, BC, Canada V6E 4H8
Telephone: +1-604-737 2743
NEWS RELEASE
Date: December 1, 2006 Trading Symbol: TSX-V: AGM
ALDRIDGE MINERALS INC. DRILLING TO UPGRADE GOLD-BASE METAL RESOURCE AT
YENIPAZAR, CENTRAL TURKEY
Vancouver, B.C.: Aldridge Minerals Inc. (‘Aldridge’) is pleased to
announce that drilling at its Yenipazar project in Central Turkey was
resumed in mid-November. The program has scheduled about 7000 m RC-drilling
on a grid of 40 x 40 m, infilling the 80 x 80 m grid drilled in 2005.
Beyond the grid located over the known orebody, several holes are scheduled
over newly discovered geophysical targets located within few kilometers.
These geophysical targets represent chargeable rock units similar to the
known orebody, potentially hosting additional mineralization.
The current drill program commenced in the summer of 2006, however, the
available RC-drill rig at that time failed and could not be replaced
immediately because of a shortage of drill rigs in the current exploration
boom. Results obtained from the six holes drilled during the summer of 2006
confirm the expectation of a continuous, near-surface, roughly tabular VMS
deposit at grades similar to those reported in the current resource
estimate (4.705 Mt @ 1.66 g/t Au, 35.6 g/t Ag, 0.45 % Cu, 1.44 % Pb, 1.64
% Zn).
The ongoing drill program is carried out 24 hours per day and is to be
finalized before year-end. Results will form the basis of an updated
Resource Estimate and a Preliminary Economic Assessment to be prepared by P
& E Mining Consultants of Brampton, Ontario during the first half of 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.
On behalf of the Board of Directors
‘Hikmet Akin’
President and a director
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THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
(c)DGAP 01.12.2006
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Language: English
Issuer: Aldridge Minerals Inc.
Suite 204, 3540 West 41st Avenue
V6N 3E6 Vancouver, BC Kanada
Phone: +1 306 955 4741
Fax: +1 306 955 4741
E-mail: akin@shaw.ca
WWW: http://www.aldridge-minerals.de
ISIN: CA0144301029
WKN: A0CAPB
Indices:
Listed: Freiverkehr in Berlin-Bremen; Open Market in Frankfurt
End of News DGAP News-Service
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