Vancouver, British Columbia, Canada. Aldridge Minerals Inc. (Frankfurt WKN: A0CAPB, TSX.V: AGM) ("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
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Aldridge Minerals Inc.
Tel. +1 (604) 737 2743
15th Floor - 1040 West Georgia Street
Vancouver, BC V6E 4H8, Canada
Advice Portfolio Management GmbH
Hartmut Thome, Investor Relations
Tel. +49 (6227) 8395-0
Fax +49 (6227) 8395-70