News-Releases
News Releases

Aldridge discovers ZN-dominated satellite mineralization to Yenipazar

04/02/2007

Vancouver, B.C.: Aldridge Minerals Inc. (“Aldridge”) is pleased to announce drill results from a new target, referred to as ‘Sircali’, first identified with geophysical methods 11 km southeast of the Yenipazar deposit. Sircali is located on the same license as Yenipazar and contains a strongly chargeable unit that extends SW-NE for 900 m. ‘Chargeable’ refers to geoelectrical (IP) measurements, and corresponding minerals may be sulphides, but also clays or graphite. There are iron-rich, gossanous zones on surface accompanied by silicification, following the strike of the chargeable unit. The iron is probably derived from weathering of pyrite, thus indicating a probable sulphide-nature for the chargeable unit at depth. The gossanous zones contain lead mineralization and were tentatively mined for the iron by locals. The dip of the mineralized zone could not be derived from the available data, and could range from vertical to 70° in either direction.

Aldridge drilled two angled reverse circulation (RC) holes into the zone, spaced 270 m, with the following results:

Hole
Interval
Zn %
Pb %
SRC-1
12-42 m
3.40
0.99
Incl.
14-18 m
7.98
0.13
Incl.
34-38 m
5.26
0.50
SRC-2
18-26 m
0.71
0.11

Hole SRC-2 was drilled on the southeastern flank of the zone, while SRC-1 was collared more internally. Encountered mineralization is completely oxidized. All samples were prepared by the ALSChemex preparation facility in Izmir, West Turkey, and were assayed in the ALSChemex laboratory in Vancouver.

With a RC-drill rig currently operating to upgrade and enlarge the resource at the Yenipazar deposit, Aldridge will soon drill follow-up RC-holes at Sircali to determine the true thickness, the dip, and the depth and strike extent of zinc oxide and subjacent sulphide mineralization.

If a minable zinc-oxide resource can be established at Sircali, Aldridge would have the advantage of a zinc oxide plant located only 90 km to the SSE, near the city of Kayseri. This zinc oxide plant was built for the ample occurrence of zinc oxide in the Taurus region south of Kayseri. The state highway to Kayseri is located only 1 km from the Zn-mineralized zone at Sircali.

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.

This press release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of risk factors beyond its control, and actual results may differ materially from the expected results. Although the drill results are encouraging, additional drilling is required to understand the extent and grades of Zn-mineralization at Sircali. There is currently no certainty that a mining operation can be established at Sircali.

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.
Hikmet Akin
President, Director
Tel. +1 (604) 737 2743
15th Floor - 1040 West Georgia Street
Vancouver, BC V6E 4H8, Canada


www.aldridgeminerals.com

Advice Portfolio Management GmbH
Hartmut Thome, Investor Relations
Josef-Reiert-Str. 4
69190 Walldorf
Germany
Tel. +49 (6227) 8395-0
Fax +49 (6227) 8395-70


http://www.advice-pm.de/

TSX-V: AGM 0.13 +0.00 +0% Volume: 1,000 December 7, 2017