This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Westridge Resources Quadruples The Strike Length Of The El Padre Vein To Nearly One Kilometer

VANCOUVER, British Columbia, Feb. 6, 2012 /PRNewswire/ -- Westridge Resources Inc. (TSX-V: WST) ("Westridge") announces that the strike length of the high grade epithermal gold and silver El Padre Vein system in the Charay Project in northern Sinaloa State, Mexico has expanded from 240 metres to nearly 1,000 metres through a recent trenching and surface sampling program.

Surface sample results include results of up to 10.7 gpt Au and 531 gpt Ag. Follow up core drilling is planned for early February 2012.

Peter Schulhof, President of Westridge Resources, commented, " We are very pleased with this first batch of data from our $150,000 fall 2011 work program and we are looking forward to further data to come. We have explored less than .3% of our 11,000 hectare property."

The El Padre Vein zone on the Charay Project was previously explored by surface sampling and shallow drilling in 2005, defining a mineralized zone along the El Padre vein with a strike length of approximately 240 metres. Drilling tested the vein structure down dip to approximately 50 metres. Assay results from this earlier work (not NI 43-101 compliant) suggested relatively low grades at surface and higher gold grades in the shallow drilling that tested the El Padre vein down dip. Confirmatory drilling by Westridge in 2011 demonstrated the presence of bonanza grades in the El Padre system (0.75m at 204 gpt Au and 445 gpt Ag) and thicker zones of high grade (9.8m at 18.78 gpt Au and 48.0 gpt Ag). At this early stage of exploration, true widths for the drill intersections are not precisely known.

During November and December of 2011, Westridge completed a trenching, mapping, and sampling program to examine the extensions of the known El Padre vein zone. This work focused on the eastern extension of the vein system and traced the vein system further for approximately an additional 750 metres in an easterly direction from the original drilling. The surface sample results from the work completed by Westridge, gave values of up to 5.7 gpt Au and 531 gpt Ag (Au ranged from 0.01 to 5.7 gpt and Ag averaged 146 gpt and ranged from 1 to 531 gpt). Sampling by previous companies ranged up to 10.7 gpt Au in this area. In addition, the sampling has indicated broader zones of anomalous gold and silver not strictly confined to the known vein structures.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs