Westridge Resources (WST.V): High Grade Gold und Silber in Mexiko - 500 Beiträge pro Seite

[Fantomas96]

Homepage: http://www.westridgeresources.com

IPO 2010

Symbol: WST.V


100% Option der Hauptliegenschaft Charay, Sinaloa, Mexiko: August 2011

http://www.westridgeresources.com/s/NewsReleases.asp?ReportI…


Präsentation (Mai 2012): http://www.westridgeresources.com/i/pdf/Presentation.pdf


Fact Sheet (Mai 2012): http://www.westridgeresources.com/i/pdf/Factsheet.pdf


Q&A mit CEO Peter Schulhof: http://www.westridgeresources.com/i/pdf/FAQ.pdf


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[Fantomas96]

Aktienstruktur (Mai 2012):

Issued and Outstanding

15,503,100


Stock Options ($$0.25/$0.40/$0.53/$0.60/$0.65))

1,490,000


Warrants

May 2012 @ $0.25 = $95,000 : 380,000

Dec 2012 @ $0.65 = $80,000 : 123,245

Dec 2012 @ $0.85 = $707,000 : 831,906


Fully Diluted

18,328,251



Cash (Mai 2012): $ 250.000


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[Fantomas96]

Presseberichte:


Proactive Investors (April 2012):

http://www.proactiveinvestors.com/companies/news/28034/westr…


Mining.com (April 2012):

http://www.mining.com/2012/04/16/lining-up-the-colours-westr…


Northern Miner (April 2012):

http://www.westridgeresources.com/i/pdf/NM-DE-04022012.pdf


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[Fantomas96]

Charts:

1 Jahr


RT 1Tag




Market: TSX-V

Sector: Gold Mining

EPIC: WST

Latest Price: 0.52 (4.00% )

52-week High: 0.84

52-week Low: 0.50

Market Cap: 8.20M


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[Fantomas96]

Charay Gold Property

Low Sulphidation High Grade Gold/Silver Property

The Charay Property (also known as "La Mina Del Padre") is a low sulphidation, high grade gold and silver property located in friendly northern Sinaloa, Mexico which is comprised of five concessions
totaling 11,000 hectares.
The property is near significant infrastructure including major highways, railroads, trans-continental power lines and large water sources.
It is just 15 minutes away from two major 4-lane highways, and is easily accessible by road. It is a 40 minute drive from the major metropolitan city of Los Mochis (population: 214,000).








Exploration Highlights

•2005 - Vane Minerals drilled 27 shallow diamond drill holes totalling 1565 meters ◦Includes: 2.9m @ 29.95g/t Au, 2.5m @ 42.29 g/t Au, 1.5m @ 46.04 g/t Au

◦Structure was open to depth and along strike to east and west
◦Discovered the El Padre B vein, adjacent to main El Padre vein

•July 2011 - Westridge Resources Inc. drilled 3 shallow confirmatory holes that indicated bonanza grades of gold and silver are present in the system

◦Thickest and highest grade intersections to date
◦Includes 9.8m @18.78 g/t Au & 48 g/t Ag and 0.75m @204 g/t Au & 445 g/t Ag

•Previous companies conducted no exploration beyond the area of the shafts, no geological mapping no geochemical surveys were done

•Updated 43101 report as of January 2012 by John Dreier and Phil Van Angeren on SEDAR

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[Fantomas96]

Bericht von Mining Review:

http://www.miningreview.net/westridge-resources-inc


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[Fantomas96]

Ich hole mal die News der letzten Wochen nach:

Westridge Resources Continues To Identify Additional Epithermal Veins At Its Charay Project, Mexico

http://www.stockhouse.com/News/CanadianReleasesDetail.aspx?n…

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)
[e-mail]

ON BEHALF OF THE BOARD
"Peter Schulhof"
Peter Schulhof
President

[Fantomas96]

Und der Kommentar zu dieser News:

http://www.proactiveinvestors.com/companies/news/29758/westr…


Westridge finds more epithermal veins at Charay project, extends strike length to 4,000m

29th May 2012, 10:56 am by Carrie White


Westridge Resources continues to identify new epithermal veins at its Charay project in Mexico

Westridge Resources (CVE:WST) said Tuesday that the cumulative strike length of all mineralized vein structures on its Charay project in Mexico is now about 4,000 metres, compared to 250 metres when the project was acquired.

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

Westridge noted that 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, said the company.

Westridge added that 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," said Westridge’s chief geologist John Dreier.

"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."

Dreier said that the company’s 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."

In late April, the company said that drilling at its Charay project in Mexico extended high grades in the El Padre Vein to depths of around 150 metres down dip.

The extension of high grades to depths of around 150 metres down dip within the El Padre Vein was seen in hole 12-31, which returned an assay of 2.4 metres at 10.15 g/t gold. This included 1.4 metres at 15.25 g/t gold and 127 g/t silver, showing high grades intersected well below previous shallower drilling, the company said.

The junior miner said drilling had also intersected high grade veins not previously known, with drill hole 12-28. This hole intersected the El Padre vein and three hanging wall veins, the highest of which returned 1.0 metres at 20.6 grams per tonne (g/t) gold, followed by a second vein of 1.2 metres at 9.56 g/t gold and greater than 100 g/t silver.

Westridge CEO Peter Schulhof said the company has explored less than one percent of its land package at Charay.

“We consistently continue to identify new veins, and the drilling has clearly indicated the potential for the veins toexpand into wider vein zones. We look forward to our next drill program and exploring the full property package at Charay."

Indeed, the company said that aside from surface samples northeast of Tiro Barraza, anomalous gold values have also been seen in a vein structure roughly 400 metres southeast of the main El Padre vein, but due to poor outcrop and exposure, the true width represented by these samples was not well understood.

Westridge has an option to acquire up to a 100 percent interest in the Charay gold-silver project, located in Sinaloa State, Mexico. The relatively new company has maintained investor support since it emerged in 2010, largely due to the management and the successes at its flagship project.

The company says that significant cost advantages are associated with the Charay project due to mineralization at surface, ease of access and "excellent infrastructure" that currently exists on or very nearby the property.

The property is comprised of five concessions totaling 11,000 hectares close to railroads, trans-continental power lines and large water sources. It is just 15 minutes away from two major four-lane highways, and power and water are already on site and it is easily accessible by road.

With only 15 million shares outstanding, Westridge has a market capitalization of C$9 million.


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[Fantomas96]

Und hier noch Infos von Ende April:

Westridge Resources Identifies Multiple New Epithermal Gold Veins at its Charay Project in Sinaloa, Mexico

http://www.stockhouse.com/News/CanadianReleasesDetail.aspx?n…

New York, NY, April 20, 2012/Resource Newswire/ - Westridge Resources Inc. ("Westridge" or the "Company") (TSX-V:,WST) has been featured in Mining Review Online, an online periodical that provides news, updates and industry insights on undervalued and high growth potential resource companies.

Westridge is a Canadian-based mineral exploration and development company. Its primary project is the Charay gold/silver property located in Western Mexico, approximately 40 minutes by car northeast of Los Mochis, an ocean-side city in the State of Sinaloa. The Charay project hosts a high-grade epithermal gold/silver vein system that has shown indications of bonanza grades. Currently Westridge has a program underway to explore the property. Company management has well over 40 years of extensive experience working with epithermal vein systems in Mexico. Significant cost advantages are associated with the Charay project due to mineralization at surface, ease of access and excellent infrastructure that currently exists.

To View Map Image, please copy and paste URL below into a new browser:

http://thenewswire.ca/client_files/2012-04-20-0.pdf


Mining Review Online's full report on Westridge can be found at:

http://www.miningreview.net/westridge-resources-inc


Westridge has contracted Major Drilling Group International to undertake a 2,000 meter core drilling program. This drilling program will test the El Padre vein at depth below the previous drilling, and further test the extension of the mineralized vein strike to the east.

To View Photo, please copy and paste URL below into a new browser:

http://thenewswire.ca/client_files/2012-04-20-1.pdf

Westridge has conducted geological mapping and trenching which has identified several new epithermal veins south of the main El Padre Vein. This field work is being conducted concurrently with the diamond drill program underway on the Charay Project. Surface exploration had extended the known strike length of the El Padre Vein system from 250 meters to over 3,000 meters. The ongoing surface mapping and trenching program has now identified three new epithermal veins located 350 meters and up to 650 meters south of the El Padre vein. Assays are pending.


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[Fantomas96]

June 27, 2012
Westridge Resources Plans Drilling Near Surface, High Grade, Oxide Gold Zone; Westridge Also Working Towards Near Term Development And Production

http://www.westridgeresources.com/s/NewsReleases.asp?ReportI…


VANCOUVER, B.C. - Westridge Resources Inc. (the "Company") announces that the Company plans to focus the next phase of drilling and sampling on its Charay Project in Sinaloa State, Mexico, with a view to define NI 43-101 compliant resources on the high grade El Padre vein system in the near future.

"Gold mineralization at Charay is high grade, oxide and close to the surface. ," CEO Peter Schulhof says. "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."

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 adjacent 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.

CEO Peter Schulhof comments on the company's goals, management, structure and the Charay Project itself;

To Listen to Audio commentary, click below:

http://thenewswire.ca/client_files/2012-06-27-0.mp3" target="_blank" rel="nofollow ugc noopener">http://thenewswire.ca/client_files/2012-06-27-0.mp3


"With the high grade gold mineralization we have already identified, our intention is, to develop NI 43-101 compliant resources on this oxide zone of gold mineralization," comments John Dreier, Chief Geologist for Westridge Resources. "We will also undertake the first stage of metallurgical studies on the oxide gold mineralization to outline the most effective approach for processing this material."


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)
[e-mail]

ON BEHALF OF THE BOARD

"Peter Schulhof"
Peter Schulhof
President


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[JamesMcFly]

Wie siehts mit den Finanzen aus?

Cash Bestand May 2012 war 250k.

Das angekündigte Drillprogramm dürfte wohl ohne neue Finanzierungsrunde nicht realisierbar sein.
2012 Budget liegt laut Präsentation bei knapp 1 Mio. Da fehlt wohl auch noch einiges an cash.

Ansonsten interessante story

JMF

[Fantomas96]

Finanzierungsrunde zu 0.35 läuft gerade.
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[JamesMcFly]

Danke.

Gibts dazu auch eine NR? Kann nichts auf der homepage nichts finden.

JMF

[Fantomas96]

Nee. Sollte in Kürze kommen. Wird anscheinend noch geschaut, ob es non-brokered wird.
FANTOMAS

[Fantomas96]

Generell gibt es hier sehr viele Parallelitäten zu meinem mexikanischen Micro-Producer Favoriten Excalibur Resources:
High Grade Epithermales Adersystem, oberflächennah, oxidiertes Material, die Zusammensetzungsanalyse, die gerade durchgeführt, wird zeigen, ob das Gold nur durch Schwerkraftseparierung ohne Leeching gewonnen werden kann, was für die Kosten optimal wäre.
Allerdings ist die Produktionsentscheidung gerade erst getroffen worden (s. letzte NR), hier ist noch ein Weg bis zur Produktion von Westridge zurückzulegen (Genehmigungen, Bauzeit etc.).
Allerdings auch nur 18 Mio. Aktien fully diluted.
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[Fantomas96]

Finanzierungs NR in Kürze. Bin gespannt, ob es dem aktuellen Kurs angepasst wurde.
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