Wednesday, 27 June 2012

Westridge plans next phase drilling at Charay project

Westridge Resources (CVE:WST), a mineral explorer, said it plans to drill a near surface high-grade gold oxide zone at its Charay project in Sinaloa State, Mexico.

The Vancouver, British Columbia-based company also said on Wednesday that it is working toward near term development and production.

Westridge’s next phase drill and sampling on the Charay project aims to define a compliant NI 43 101 resource in the high grade El Padre vein system in the not too distant future.

"Gold mineralization at Charay is high grade, oxide and close to the surface," Westridge chief executive Peter Schulhof said.

"Our hope is that the results from this planned program will allow us to work towards our objective of small scale production at Charay in the near future.

"We also look forward to continue to explore and define the full potential of this exciting and largely unexplored gold system," he added.

The next round of drilling will focus on infill drilling to provide sufficient information to support NI 43-101 compliant resources on the El Padre vein and adjoining veins.

Additional drilling will address surface concentrations of veins, identified by surface sampling and trenching, that may present targets for possible open pit oxide resources.

Late last month, the mineral explorer announced the cumulative strike length of all mineralized vein structures at Charay reached 4,000 metres versus the 250 metres when the project was acquired.

The company said through on-going interpretation of drilling, geological mapping, trenching and sampling results it was able to raise the strike length of the project as it continues to identify new epithermal veins.

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