Aldridge Minerals drills four m of 7.98% Zn, 0.13% Pb
2007-04-02 15:35 ET - News Release
Mr. Hikmet Akin reports
ALDRIDGE DISCOVERS ZN-DOMINATED SATELLITE MINERALIZATION TO YENIPAZAR, CENTRAL TURKEY
Aldridge Minerals Inc. has provided drill results from a new target, referred to as Sircali, first identified with geophysical methods 11 kilometres southeast of the Yenipazar deposit. Sircali is located on the same licence as Yenipazar and contains a strongly chargeable unit that extends southwest-northeast for 900 metres. Chargeable refers to geoelectrical (induced polarization) measurements and corresponding minerals may be sulphides, but also clays or graphite. There are iron-rich, gossanous zones on surface accompanied by silicification, following the strike of the chargeable unit. The iron is probably derived from weathering of pyrite, thus indicating a probable sulphide nature for the chargeable unit at depth. The gossanous zones contain lead mineralization and were tentatively mined for the iron by locals. The dip of the mineralized zone could not be derived from the available data, and could range from vertical to 70 degrees in either direction.
Aldridge drilled two-angled reverse circulation (RC) holes into the zone, spaced 270 m, with the results in the table below.
Hole Interval Zn % Pb %
SRC-1 12-42 m 3.40 0.99
incl. 14-18 m 7.98 0.13
incl. 34-38 m 5.26 0.50
SRC-2 18-26 m 0.71 0.11
Hole SRC-2 was drilled on the southeastern flank of the zone, while SRC-1 was collared more internally. Encountered mineralization is completely oxidized. All samples were prepared by the ALS Chemex preparation facility in Izmir, West Turkey, and were assayed in the ALS Chemex laboratory in Vancouver.
With a reverse-circulation drill rig currently operating to upgrade and enlarge the resource at the Yenipazar deposit, Aldridge will soon drill follow-up RC holes at Sircali to determine the true thickness, the dip, and the depth and strike extent of zinc oxide and subjacent sulphide mineralization.
If a minable zinc-oxide resource can be established at Sircali, Aldridge would have the advantage of a zinc oxide plant located only 90 km to the south-southeast, near the city of Kayseri. This zinc oxide plant was built for the ample occurrence of zinc oxide in the Taurus region south of Kayseri. The state highway to Kayseri is located only one km from the Zn mineralized zone at Sircali.
Dr. Martin S. Oczlon, PhD, Geo, a director of Aldridge and qualified person as such term is defined in National Instrument 43-101, has reviewed and verified the technical content of this release.
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