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| December 06, 2001 Copper Ridge - Exploration Update | |
| The Company is pleased to report a renewed focus on the exploration of its core mineral assets, including its new Kalzas tungsten project, Yukon. Kalzas was described by Union Carbide in the 1980's as a world class tungsten deposit. Sampling by Copper Ridge has shown the potential for a range of attractive grade-tonnage possibilities, from smaller high grade to larger bulk tonnage. Copper Ridge's trench sampling produced values ranging from 0.4% WO3 (tungsten trioxide) to 0.5% WO3 over 50 to 70 m intervals. The sampling includes a number of individual samples, from 2 m to 10 m in length, greater than 1% WO3 (see News Release 09/2001 -- September 6, 2001). The Company is planning a program of short, large diameter core drill holes to test the continuity of the high grade zones that appear from surface mapping to conform with steeply dipping quartzite beds. (See web site www.copper-ridge.com for maps and photos.) The Company also holds a portfolio of high quality precious metals projects in Yukon, Alaska and Mexico. The newly acquired Plata property, Yukon, holds promise for a high grade silver-gold deposit. Drilling by a previous operator on the P4 Vein averaged 659 grams silver per tonne and 3.3 grams gold per tonne over an average 1.7 m thickness within a small area of the known extent of the vein. Sampling of a limited number of surface exposures along the P4 Vein produced similar results. Copper Ridge believes that the P4 Vein has potential for expansion and that the nearby P6 and P17 Zones have similar potential, as demonstrated by a strong silver, gold and lead soil anomaly over one km in length. The Company is reviewing options for the further exploration of the Plata property. The Company's other core assets include the Ogopogo property, located adjacent to the Sumitomo/Teck Pogo gold project in Alaska, the Scheelite Dome gold property in Yukon and the epithermal silver-gold Gitana property in Mexico. The Company has terminated its agreement with Applied Geologic Studies, Inc. and its option to earn an interest in the DJ oil project announced October 2, 2001. Copper Ridge is committed to the creation of wealth through aggressive development and discovery. On Behalf of the Board of Directors Gerald G. Carlson, Ph.D., P. Eng. President and CEO The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. | |
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