Vancouver, British Columbia – December 8, 2009: Dr. Hikmet Akin, President of Aldridge Minerals Inc. (“Aldridge” or the “Company”) is pleased to announce that the Company has received a 176-page-report from Corem in Québec City, Québec, Canada, titled “Feasibility-Scale Gravitational Pre-Concentration Testwork on a 2.4-t Bulk Sample from the Yenipazar VMS-Project, Central Turkey”. Interim results from this testwork have been published previously, with the best result being:
Total recovery (%) in 60.5 % of the original feed mass:
Further to this, a different route for gravity pre-enrichment has been followed, with total recovery in 64 % of the feed mass:
The second set of results comes from a feed of 3 grain size fractions, whereas the first set has only 2 grain size fractions. It has been documented that the middle size fractions (-212/+53 micron) has the poorest recovery, whereas the coarser (-850/+212 micron) and finer (-53/+10 micron) material have excellent recoveries, all three together yielding the second set of results.
Testwork has further shown that it is possible to recover gravitationally about 1 % of the total contained metal from the –10 micron fraction, in particular gold. The –10 micron fraction is commonly removed to improve performance in both, gravity pre-enrichment and flotation. This additionally recovered material has been added to the second set of results, but not to the first as reported above.
Re-grinding of only the middle size fraction is expected to yield better liberation and overall higher recoveries than any of the results reported here. This will be applied to preparation of a large sample of gravity pre-concentrate for ensuing flotation testwork, targeting the best possible overall recoveries.
Gravity pre-enrichment is the preferred route for the Yenipazar Project to yield better flotation parameters (higher feed grade, elimination of sheet silicates). The mass reduction leads to an ensuing smaller mill/flotation circuit, and to better milling properties. All this should result in lower capital and operational cost.
The Yenipazar project is subject to an earn-in agreement with Anatolia Minerals, wherein Aldridge can earn a 100% working interest, subject to a 6 % net proceeds interest (“NPI”, revenues less operational cost) until revenues of US$ 165 million are generated, and 10 % NPI from there on.
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.
About Aldridge Minerals
Aldridge Minerals Inc. is mainly focused on mineral opportunities in Turkey where the Company is conducting an ambitious exploration and development program at its flagship Yenipazar polymetallic VMS project. Aldridge has also identified several other prospective opportunities in Turkey and Papua New Guinea, and has amassed a large property position where a systematic exploration program is underway.
On behalf of the Board of Directors
DR. HIKMET AKIN
President and Director
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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Dr. Hikmet Akin,
President and Director
Aldridge Minerals Inc.
1 604 688 8932