Vancouver, British Columbia, Canada. Aldridge Minerals Inc. (Frankfurt WKN: A0CAPB, TSX.V: AGM) ("Aldridge" or the "Company")announced today that its recently conducted Induced Potential (IP) geophysical survey at the Yenipazar Au-Ag-Cu-Pb-Zn deposit has significantly extended the strike length potential.
IP-measurements over a known portion of the Yenipazar deposit gave a very concise image, which was calibrated with the known drill results. The same IP-chargeability pattern was found in strike prolongation along the entire survey to about 500 m south of southernmost mineralized drillholes (reported in the Aldridge news release from July 26, 2007). This would bring the total known strike length of the mineralization to about 1500 m at a width of 120-200 m.
In contrast, the independently calculated resources of 7.45 Mt (Aldridge news releases from May 9 and July 3, 2007) are contained in a strike length of only 560 m.
Aldridge President & Director, Hikmet Akin, said, “By more than doubling the previously reported strike length, we are demonstrating the significant potential of further mineralization and ultimately an increase in the resource at Yenipazar. As Yenipazar has continued to produce positive results, we continue to increase our activities in a project that we feel will create value for our shareholders”
Follow-up drill holes on the chargeability anomalies in strike prolongation of the orebody are in progress. Additionally, Aldridge has scheduled a follow-up IP-survey to start on August 27. This survey shall explore the potential yet further to the south, and to the north, and test the mineralization potential over a total strike-length of 3000 m.
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 is active in the exploration and development of gold and base metal projects in Turkey.
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/.
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 has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
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