=======================================================================
Copper Ridge Exploration Update
=======================================================================
News Release 13/2008
Vancouver, BC, July 29, 2008 -- Copper Ridge Explorations Inc. ("Copper
Ridge" or the "Company") provides an update on its 2008 field program.
Ironman Project, Yukon: Drilling by Vale Exploration Canada Inc.
("VEC"), an affiliate of Vale Inco Limited ("Vale Inco"), each a
wholly-owned subsidiary of Companhia Vale do Rio Doce ("Vale") (NYSE:
RIO) on the Company's Ironman Iron oxide copper-gold ("IOCG") project
has been completed. On the IOCG property, several copper +/- gold
occurrences associated with Proterozoic-aged iron-rich breccia bodies
have been discovered peripheral to a large gravity anomaly which is
covered by younger sediments. IP surveys suggest that the source of the
gravity anomaly is also conductive, perhaps caused by metallic
mineralization. VEC completed 4 core drill holes totaling 1,100 m
testing coincident gravity highs and IP chargeability anomalies.
Results from the drilling are expected in the next several weeks.
Babine Project, BC: This project includes the road accessible Nak and
Dorothy porphyry deposits (see News Releases dated May 6, 2007 and
August 9, 2007), located near Babine Lake north of Smithers, B.C., plus
a number of adjoining claims staked by Copper Ridge. On the Nak
property, historical drilling has included 97 core holes for a total of
15,629 m. Geological mapping and a 70 km Induced Polarization (IP) and
magnetics survey have been completed. Preliminary results suggest that
the NAK deposit is open to the south, where the best copper and gold
grades have historically been encountered. The geophysics also
indicates that there may be a connection between the Dorothy and Nak
deposits, and that Dorothy is also open for potential expansion. The
Company has the right to earn a 100% interest in both the Nak and
Dorothy deposits under two separate option agreements.
Clear Lake, Yukon: Clear Lake is a barite associated, sediment hosted
massive sulphide deposit that occurs within Selwyn Basin, one of the
largest known zinc-lead provinces in the world. Zinc-lead-silver rich
lenses are 5 to 30 m thick, 450 m in length, extend at least 300 m down
dip and occur within a pyritic massive sulphide body that is sigmoidal
in shape, approximately 1,000 m in length and up to 120 m wide. The
known massive sulphide body presents an excellent electromagnetic
conductor. A deep penetrating airborne Versatile Time-Domain
Electromagnetic (VTEM) survey by Geotech Ltd. is now underway. The VTEM
survey is designed to detect mineralization similar to the Clear Lake
deposit along strike or at depth. Drilling is planned for later in the
summer. The Company has the right to earn a 100% interest in Clear Lake
(see News Release dated January 25, 2008).
Mr. J. Greg Dawson, P.Geo., Vice President of Exploration for Copper
Ridge, is the Company's Qualified Person and is responsible for the
technical content of this news release. For more details on Copper
Ridge or its projects, please refer to the Company's web site --
www.copper-ridge.com.
VEC is the North American exploration division of Vale, the world's
second largest mining company by market capitalization. Vale reported
revenues of US$33.1 billion and net earnings of US$ 11.8 billion for
the year ended December 31, 2007.
Copper Ridge's exploration philosophy focuses on maximizing the
potential for success in a high-risk business. With grass roots mineral
exploration, where the entry cost is low but the potential reward can
be very high, success will be contingent on exploration skill and on
carefully managed risk. Our management team brings tenacity, technical
skill and experience, all crucial ingredients for discovery. By
exploring a broad array of projects, focusing on the right commodities,
in areas of high mineral potential and in mining-friendly jurisdictions
and by sharing the risks on some projects with joint venture partners,
the Company is exposing its shareholders to a greater chance for
discovery.
Contact:
Gerald G. Carlson, President & CEO
Copper Ridge Explorations Inc.
Suite 500 -- 625 Howe Street
Vancouver, B.C. V6C 2T6
Phone: 604-688-0833; 1-888-278-2288
Fax: 604-688-0835
info@copper-ridge.com
TSX Venture Exchange -- KRX
Pink Sheets -- CRXOF
Berlin -- 502845
This release was prepared by management of the Company who takes full
responsibility for its contents. The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy or
accuracy of this news release.
=======================================================================
Copyright (c) 2008 COPPER RIDGE EXPLORATIONS INC. (KRX) All rights
reserved. For more information visit our website at
http://www.copper-ridge.com/ or send mailto:info@copper-ridge.com
=======================================================================
.
![]()