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Re: News Release - Thursday, November 13, 2008
Copper Ridge Exploration Update
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Press Release No. 19/2008
Vancouver, BC, November 13, 2008 - Copper Ridge Explorations Inc.
("Copper Ridge" or the "Company") provides an update on its 2008
exploration activities.
Babine Porphyry Project: This project includes the road accessible Nak
(Cu-Au) and Dorothy (Cu-Mo) porphyry deposits, plus a number of
adjoining claims staked by Copper Ridge, located near Babine Lake north
of Smithers, B.C. The Company has now completed a 5 hole, 1265 m
diamond drill program. Results from the program are expected in the
next several weeks.
Joss'alun VMS Project: Joss'alun is a 100% owned volcanogenic massive
sulphide and stockwork copper deposit located 70 km southeast of Atlin,
BC. Lomiko Resources Inc. has the right to earn up to a 60% interest in
the property. Lomiko recently completed a 3 hole, 760 m drill program,
operated by Copper Ridge, on the Joss'alun property and on the adjacent
NAK property, under option to Lomiko from Imperial Metals. Results from
this program are expected to be announced shortly.
Kalzas Tungsten Project: Kalzas is a porphyry style tungsten deposit
that contains tabular, high grade zones of tungsten mineralization in
the central part of a larger, potentially bulk tonnage deposit, located
70 km southeast of Mayo in central Yukon, under option to Prospector
Consolidated Resources Inc. Prospector has announced that it has
completed a 4 hole, 500 m drill program on the property. Results from
this program are expected to be announced shortly.
Clear Lake Zn-Pb-Ag SEDEX Project: The Company has the right to earn a
100% interest in Clear Lake, a barite associated, sediment hosted
massive sulphide deposit that occurs within Selwyn Basin, one of the
largest known zinc-lead provinces in the world. A 235 km VTEM airborne
geophysical survey has been completed over the property. A preliminary
interpretation of the VTEM survey has identified a number of targets
that could represent buried massive sulphide bodies similar to Clear
Lake. The Company will await final interpretation of results before
planning ongoing exploration.
Ironman IOCG Property: 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) has
notified the Company that it is terminating its option to acquire an
interest in the Company's Ironman project.
More detailed information on Copper Ridge's projects can be found on
the Company's web site at - www.copper-ridge.com. The Company expects
to have over $500,000 in it's treasury at year end and is taking steps
to reduce its overhead expenditures.
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
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.
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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
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