Vancouver, British Columbia, Canada. Aldridge Minerals Inc. (TSX.V: AGM, Frankfurt WKN: A0CAPB) (“Aldridge”) announced today that the Company has commenced drilling on its 100% owned Murat Dag nickel laterite project in western Turkey. The laterites comprise about eight square kilometres. Previous rock grab sampling carried out in one of the licenses yielded grades up to 8 % Ni.
Aldridge is employing a wide drill grid with 200-400 m spaced holes to understand the basic trends of nickel and cobalt mineralization on its licenses. This first phase of drilling is scheduled for1500 drill-meters, with holes on average 30-50 m deep, expected to conclude within 5-6 weeks. Results will be made public as received. Analysis of the results will determine the scope and focus of the second phase of drilling.
Aldridge President & Director, Hikmet Akin, said, “Last year Aldridge acquired an extensive array of licenses for nickel-laterite prospects in the Murat Dag area of western Turkey. We believe that Turkey is particularly rich in promise for nickel deposits and presents a unique opportunity because there has yet been very little development of nickel projects in the country. Nickel laterites are potentially a key area of focus for Aldridge.”
Nickel-bearing laterites form at the surface from weathering of rocks coming from Earth’s mantle. These rocks are pre-enriched in nickel, and weathering lasting for few millions of years strips nickel and cobalt from near the surface to deeper layers in the weathering profile (tens of meters below the surface). Nickel grades in these layers may reach significant percent-levels and are the target of exploration. Nickel laterite projects are becoming increasingly important because they are large and easily minable in open cast. Modern technology also allows the production of nickel concentrates at low cost.
Martin S. Oczlon, PhD Geo, a director of Aldridge and Qualified Person as defined in NI 43-101, has reviewed and verified the technical content of this press release.
Aldridge Minerals Inc. is a Canadian-based junior mining company formed in 1994 as a minerals exploration company. Aldridge’s current main project is the Yenipazar gold, silver, copper, lead, and zinc deposit in central Turkey, where the company has drilled 120 holes for resource definition since May 2007. The Company also holds the Derinkoy gold-silver exploration license in the Pontide copper-gold belt of NE Turkey. For further information, please visit http://www.aldridgeminerals.com/.
For further information please contact:
Aldridge Minerals Inc.
President & Director
Tel. +1 (604) 737 2743
Blackberry +1 (604) 7653747
Fax +1 (604) 737 2743
15th Floor, 1040 West Georgia Street
Vancouver, B.C. V6E 4H8
The Equicom Group
Tel. +1 (416) 815-0700 x262
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.
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