VANCOUVER, British Columbia,
May 29, 2012 /PRNewswire/
-- Westridge Resources Inc. (the "Company")
(TSX-V: WST) announces that the cumulative strike length of
all mineralized vein structures on the Charay Property is now
approximately 4,000 meters compared to 250 meters when the project
was acquired. This has been accomplished through ongoing
interpretation of the results of drilling, geological mapping,
trenching and sampling, all of which continues to identify new
epithermal veins.
Two main geological units have been identified at Charay, an upper volcaniclastic unit and a
lower andesite flow unit. The high-grade veins exposed at the
surface and cut by drilling occur within the deeper, andesite flow
sequence. Where the veins enter the overlying volcaniclastic rocks
they become wide zones of silicification, clay alteration and
lower-grade gold-silver mineralization.
"The geological relationships suggest that the overlying
volcaniclastic rocks acted as a cap to the mineralization at
Charay," comments John Dreier, Chief Geologist. "The contact
between the two units dips at a shallow angle to the north and
northwest. This suggests that the best gold and silver values in
the extensions of the El Padre vein system to the northeast and
southwest lie at moderate depth in the underlying andesite flows."
John Dreier continues, "Our geology
indicates that the favorable andesite flow unit will be present at
shallow depths to the north and northwest, with strong exploration
potential for the discovery of new, wide vein zones both there and
elsewhere on the property."
Peter Schulhof, CEO, comments, "We have explored less than one
percent of our land package at Charay. We consistently continue to identify
new veins, and the drilling has clearly indicated the potential for
the veins to expand into wider vein zones. We look forward to our
next drill program and exploring the full property package at
Charay."
About Westridge Resources
Westridge Resources Inc. is a Canadian-based mineral exploration
company focused on the acquisition, evaluation and exploration of
mineral resource properties. Westridge has an option to acquire up
to a 100% interest in the Charay Gold/Silver Project, located in
Sinaloa State, Mexico.
For further information please contact:
Alan Huycke
Westridge Resources Investor Relations
647-258-3311
416-363-7977 (Fax)
info@westridgeresources.com
ON BEHALF OF THE BOARD
"Peter Schulhof"
Peter Schulhof
President
Neither TSX Venture Exchange nor its Regulations 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.
Forward Looking Statements
Statements contained in this news release that are not
historical facts constitute "forward-looking statements" or
"forward-looking information" within the meaning of applicable
securities laws and are based on expectations, estimates and
projections as of the date of this release. Forward-looking
statements include, without limitation, possible events, statements
with respect to possible events, the future price of gold and other
commodities, the realization of mineral resource estimates and
success of exploration activities. The words "is expected" or
"estimates" or variations of such words and phrases or statements
that certain actions, events or results "may" or "could" occur and
similar expressions identify forward-looking statements.
Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable by the
Company as of the date of such statements, are inherently subject
to significant business, economic and competitive uncertainties and
contingencies. Known and unknown factors could cause actual results
to differ materially from those projected in the forward-looking
statements. Such factors include, but are not limited to:
fluctuations in the spot and forward price of gold or certain other
commodities; changes in national and local government legislation,
taxation, controls, regulations and political or economic
developments in Canada ; business
opportunities that may be presented to, or pursued by, the Company;
operating or technical difficulties in connection with mining
activities; the speculative nature of gold exploration and
development, including the risks of obtaining necessary licenses
and permits; diminishing quantities or grades of reserves; and
contests over title to properties, particularly title to
undeveloped properties. In addition, there are risks and hazards
associated with the business of gold exploration, development and
mining, including environmental hazards, industrial accidents,
unusual or unexpected formations, pressures, cave-ins, flooding and
gold bullion losses (and the risk of inadequate insurance, or the
inability to obtain insurance, to cover these risks). Many of these
uncertainties and contingencies can affect the Company's actual
results and could cause actual results to differ materially from
those expressed or implied in any forward-looking statements made
by, or on behalf of, the Company. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Forward-looking statements are
provided for the purpose of providing information about
management's expectations and plans relating to the future. All of
the forward-looking statements made in this release are qualified
by these cautionary statements and those made in our other filings
with the securities regulators in Canada . These factors are not intended to
represent a complete list of the factors that could affect the
Company. Although the Company believes that the expectations in the
forward-looking statements are reasonable, actual results may vary,
and future results, levels of activity, performance or achievements
cannot be guaranteed.
SOURCE Westridge Resources Inc.