High Ridge Concluded Geological Mapping, Sampling and 3D Induced Polarization Survey on the Germania Concessions in the San Mate
11 June 2008 - 11:00PM
Marketwired Canada
High Ridge Resources Inc. ("High Ridge") (TSX VENTURE:HRR)(FRANKFURT:HR2) today
announced that it has completed a detailed geological mapping and channel
sampling, as well as 3D induced polarization (IP) survey on company's
concessions in the past-producing Germania mine area, near San Mateo, 95
kilometers east of Lima, Peru.
The detailed geological mapping of the Germania mine area included comprehensive
sampling of the four major vein systems and the associated alteration zones. Two
of the vein systems, Germania and Peru, which represent the major producers of
the Germania mine, were previously mined to some extent. Both vein systems still
contain known mineralized blocks and have not been mined below the bottom of the
nearest valley floor. Other two systems, the 1500 metres long Sin Complemento
and the approximately 500 metres long Belgica V systems, and the lesser Alaska
vein system, were only opened in the past by several adits, but not mined.
The 3D induced polarization survey, as well as the previously concluded magnetic
survey, has been performed by Jose Arce Geofisicos S.R.L., a Peruvian company.
The 3D IP survey indicates that in Germania, significant chargeability anomalies
are located along major sections of the Sin Complemento and Belgica V veins, and
locally reach the deepest accessible IP penetration of 280 meters below surface.
The high responses show numerous features with similar orientation as the
Chanape IP anomalies (press release March 25, 2008) and are expected to be
caused by metallic sulfides.
Gary Anderson, President and CEO of High Ridge Resources Inc. said: "Our
geophysics program to date has been a huge success. In addition to historically
mapped mineralization we have located numerous structures that were previously
unknown due to the lack of any surface expression. We are anxious to proceed
with drilling of all three projects on our San Mateo district property."
Other activities
Currently, an initial stage drilling program on Chanape is underway and will
involve 3,000-5,000 metres from up to 9 platforms. The program is testing both
the known, exposed on surface, polymetallic veins and intrusive breccias, as
well as the much larger IP targets discovered recently. The primary targets
cover an area of approximately four square kilometers and it is expected that
this phase of the drilling program will take up to 8 weeks to complete.
Z. Adam Szybinski, Ph.D. (Geology), High Ridge Vice-President of Exploration,
and Jose R. Arce, M.Sc. (Geophysics), of Arce Geofisicos , are the "qualified
persons" responsible for the contents of this news release.
About High Ridge Resources Inc.:
High Ridge is focused on large scale exploration projects in British Columbia
and Peru. In addition to the Peruvian gold and polymetallic projects, High Ridge
has three advanced exploration projects in British Columbia. These properties
include the Chuchi property (Cu-Au porphyry), 30 km northwest of Terrane's Mt.
Milligan project; Newton Mountain (Au-Cu porphyry), 35 km north of Taseko Mine's
Prosperity project - formerly Fish Lake (Au-Cu porphyry); and the Silver Bay
(Ag, Pb, Zn, and Cu porphyry) project, 10 km south of Cominco's former Bluebell
mine.
Forward Looking Statements: The above contains forward looking statements that
are subject to a number of known and unknown risks, uncertainties and other
factors that may cause actual results to differ materially from those
anticipated in our forward looking statements. Factors that could cause such
differences include: changes in world commodity markets, equity markets, costs
and supply of materials relevant to the mining industry, change in government
and changes to regulations affecting the mining industry. Forward-looking
statements in this release include statements regarding future exploration
programs, operation plans, geological interpretations, mineral tenure issues and
mineral recovery processes. Although we believe the expectations reflected in
our forward looking statements are reasonable, results may vary, and we cannot
guarantee future results, levels of activity, performance or achievements.
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