News-Releases
News Releases

Aldridge Minerals reports new results from Yenipazar resource definition drilling

02/08/2008

VANCOUVER, Aldridge Minerals Inc. (TSX-V: AGM, Frankfurt: A0CAPB) ("Aldridge") announced today the results from its resource definition drill program at the Yenipazar VMS open pit-project in Central Turkey. Assaying was performed at ALSChemex (Vancouver) on samples drilled during the months of November and December 2007.

Results were obtained from RC-drilling on a 40 x 40 m grid to define the resources within the known 1,700 m strike length of the deposit, in the framework of a Preliminary Economic Assessment.

Hole     Interval (m)  Thickness  Au g/t  Ag g/t    Cu %    Pb %    Zn %
from         to      (m)
YP-200     28     32       4       7.24    37.80    0.18    9.30    0.14
YP-200     36     44       8       0.32    18.58    0.12    1.60    0.42
YP-200     68     72       4       0.02     0.28    0.00    0.02    1.47
YP-200    Cumulative   16       1.98    18.81    0.11    3.13    0.61
YP-205     10     22      12       2.25    78.78    0.26    2.64    0.26
YP-205     36     58      22       1.20    98.93    0.15    3.67    1.59
YP-205     64     70       6       0.29    13.93    0.07    0.49    0.82
YP-205    104    106     2       0.78    24.40    0.11    1.09    0.22
YP-205    110    118     8       0.34    13.20    0.05    0.72    0.79
YP-205    Cumulative   50       1.19    67.20    0.15    2.47    1.00
YP-209     74     86      12       0.25    42.80    0.06    1.34    2.04
YP-220      6     12       6       1.96    28.18    0.28    3.49    2.13
YP-220     14     26      12       0.50    40.70    0.07    2.11    0.58
YP-220     34     38       4       0.23    28.30    0.71    0.43    0.19
YP-220    Cumulative   22       0.85    35.03    0.24    2.18    0.93

Complete results are available on www.aldridgeminerals.com

Temperatures in January 2008 have been unusually low at the project site in central Turkey, reaching to -28 degrees C (-19 degrees F) at night for most of the month. In addition, unusual snowfall blanketed the area with more than one meter of accumulation. Due to these unexpected conditions drilling has been suspended temporarily and is to be resumed on February 11th.

Aldridge President & Director, Hikmet Akin, said, "While these unexpectedly severe winter conditions halted our drill program temporarily, we are on schedule to define resources over the entire deposit strike length for a Preliminary Economic Assessment by mid-2008. The continued good results from different sectors of this open pit project show the quality of the Yenipazar asset".
The Yenipazar project is subject to an earn-in agreement with Anatolia Minerals, wherein Aldridge can earn a 100% working interest. At the more recent rate of project expenditures, Aldridge's work commitment of US$ 6 million should be reached by early 2009.

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 wholly focused on mineral opportunities in Turkey where the Company is conducting an ambitious exploration and development program at its flagship Yenipazar polymetallic VMS project. A Preliminary Economic Assessment as well as an updated resource calculation is scheduled for mid-2008, subject to the eventually determined size of the deposit and progress of respective resource definition drilling. Aldridge has also identified several prospective nickel opportunities in Turkey and has amassed a large property position where a systematic development program has commenced.

On behalf of the Board of Directors
"Hikmet Akin"
------------------------
President and a Director

Forward-Looking Statements:
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:
Dr. Hikmet Akin, President & CEO, Aldridge Minerals Inc., (604) 737-2743
Martti Kangas, The Equicom Group, (416) 815-0700 x 243

TSX-V: AGM 0.19 +0.00 +0% Volume: 10,000 May 25, 2017

Downloads

Date Download
November 29, 2016 Financial Statements - Q4 2016 699 KB
November 29, 2016 Q4 2016 MD&A 826 KB
June 11, 2012 Yenipazar Plan Map 1.21 MB
March 22, 2012 Corporate Presentation 1.34 MB