Aldridge Minerals Inc.
Aldridge announces latest results from Yenipazar (VMS, Turkey) for independent 43-101-compliant resource upgrade
Vancouver, British Columbia, Canada. July 7, 2008. Aldridge Minerals Inc. (TSX-V: AGM, Frankfurt: A0CAPB) ("Aldridge" or the "Company") announced today that it has received all results from Yenipazar holes drilled to June 6th, before the field visit of the independent group P&E Mining Consultants Inc. ("P&E) on June 30th. The entire database comprises now 321 RC-holes, largely drilled on a grid of 40 x 40 m, and 11 Diamond holes, together forming the basis for the independent P&E-resource upgrade. The better intersections received during June are listed below, among them one hole with a cumulative thickness of 146 m VMSmineralization (YP-312). The trend towards relatively gold-rich intersections (see NR from June 4th) could be substantiated.
Assaying was performed at ALSChemex (Vancouver).
Interval Thick- Hole (m) ness Type of Au g/t Ag g/t Cu % Pb % Zn % ------------------------------------------------------------------------- No. from to (m) Min. ALSCh ALSCh ALSCh ALSCh ALSCh ------------------------------------------------------------------------- ------------------------------------------------------------------------- YP-298 66 74 8 Sulph. 3.39 61.46 1.07 1.80 2.55 ------------------------------------------------------------------------- ------------------------------------------------------------------------- YP-299 68 78 10 Sulph. 4.81 95.88 1.33 3.42 4.91 ------------------------------------------------------------------------- ------------------------------------------------------------------------- YP-306 98 108 10 Sulph. 5.82 54.58 0.89 2.24 3.67 ------------------------------------------------------------------------- ------------------------------------------------------------------------- YP-311 4 36 32 Oxide 2.56 150.23 0.27 3.95 0.86 ------------------------------------------------------------------------- ------------------------------------------------------------------------- YP-312 2 34 32 Oxide 1.27 155.88 0.11 6.46 0.35 ------------------------------------------------------------------------- YP-312 34 100 66 Sulph. 0.40 41.36 0.04 2.72 0.67 ------------------------------------------------------------------------- YP-312 104 132 28 Sulph. 0.22 24.16 0.01 1.96 0.26 ------------------------------------------------------------------------- YP-312 162 182 20 Sulph. 0.26 41.82 0.01 2.18 0.32 ------------------------------------------------------------------------- ------------------------------------------------------------------------- YP-315 50 68 18 Sulph. 4.29 104.37 1.15 2.60 4.61 ------------------------------------------------------------------------- ------------------------------------------------------------------------- YP-316 64 80 16 Sulph. 5.34 93.61 1.37 1.25 2.87 ------------------------------------------------------------------------- ------------------------------------------------------------------------- YP-317 64 72 8 Sulph. 3.12 55.33 0.82 1.76 4.17 ------------------------------------------------------------------------- ------------------------------------------------------------------------- YP-318 60 80 20 Sulph. 1.40 43.99 0.54 1.13 2.08 -------------------------------------------------------------------------
Complete results are available on http://www.aldridgeminerals.com/
The Yenipazar project is subject to an earn-in agreement with Anatolia Minerals, wherein Aldridge can earn a 100% working interest, subject to a net proceeds interest held by Anatolia Minerals. At the current rate of project expenditures, Aldridge's work commitment of US$6 million should be reached by early 2009.
Dr. Martin S. Oczlon, PhD Geo., a director of Aldridge and a Qualified Person as defined in NI 43-101, has reviewed and verified the technical content of this release.
About Aldridge Minerals
Aldridge Minerals Inc. is wholly focused on mineral opportunities in Turkey where the Company is conducting an ambitious exploration and development program at its flagship Yenipazar polymetallic VMS project. An updated resource calculation is scheduled for Summer 2008, to be followed by a Preliminary Economic Assessment ("PEA"). The PEA is subject to the progress in data compilation for open pit and plant construction, and in metallurgical testing.
Aldridge has also identified several prospective nickel and uranium opportunities in Turkey and has amassed a large nickel property position where a systematic development program has commenced.
Forward-Looking Statements:
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For more information, contact:
Dr. Hikmet Akin, Pr�sident & CEO Aldridge Minerals Inc. +1-(604) 688-8932
Jay J. Bedard The Equicom Group +1-(416) 815-0700 x 247
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