High Ridge Concludes 3D Induced Polarization and Magnetic Surveys On the Rosicler-El Domo Project, San Mateo Area, Peru
April 10 2008 - 8:30AM
Marketwired Canada
High Ridge Resources Inc. ("High Ridge") (TSX VENTURE:HRR) today announced that
3D induced polarization (IP) and magnetic surveys have been concluded on the
northern portion of the Rosicler-El Domo project near San Mateo, 100 kilometers
east of Lima, Peru. Both surveys were performed by "Arce Geofisicos", a Peruvian
company.
The results of the completed 3D IP and magnetic survey, and the prior geological
data, have identified a number of potential drilling targets, some of which
increase in size at depth and extend past the limits of the IP survey. One of
the targets is a very large zone of low resistivity - high chargeability in the
south-central portion of the survey area (see Figure 1). The ongoing geological
mapping and sampling of the Rosicler-El Domo area have been focused on some of
these anomalies.
Gary Anderson, President and CEO of High Ridge Resources Inc., said: "We are
really pleased with the results of the geophysical surveys on Rosicler-El Domo
and have already booked Arce Geofisicos for June 2008 to extend the geophysical
surveys beyond the limits of the current grid. We plan to further outline and
subsequently drill a number of the identified targets."
In addition, a 3D IP survey has been just concluded on the veins in the former
Germania mine area and a report is expected in the short term. Detailed mapping
and sampling of the area is underway.
Summary of the IP and magnetic surveys on the northern portion of the
Rosicler-El Domo project
The topographic control and staking of 24 kilometers of lines on the Rosicler-El
Domo project were done with the GPS/OMNISTAR system. 16 SE-NW-trending magnetic
profiles, 100 meters apart, with a total of 23.95 km were processed on
Rosicler-El Domo. The total field magnetic intensity map indicates relatively
high magnetic disturbances at the center part of El Domo. Along the same lines,
20.70 kilometers were covered with Induced Polarization.
Inversion results of the IP survey are presented in the form of depth-slice
maps. Six depth-slices were selected: 20, 50, 100, 150, 200 and 280 meters (see
Figure 1 below). Resistivity and chargeability model contour maps have been
prepared for each of these slices. The applied 3D processing allows for the
lateral corrections between lines, i.e. it takes into account variations in X,
Y, Z for sets of lines.
On Rosicler-El Domo, resistivity ranges from less than 50 ohm-meters for
strongly altered rocks through more than 8000 ohm-meters for compact to
silicified masses. Altered rocks show better at shallow levels, where they
appear to be related to an extensive fracturing that correlates well with
chargeability anomalies. Significant chargeability anomalies occur above 15mV/V
and the strongest responses are present down to the depth of 100 meters. Most
evident anomalous responses are located in the center of the survey area, but at
deeper levels the most anomalous features are present in the southern part of
the area (see Figure 1).
Z. Adam Szybinski, Ph.D. (Geology), High Ridge Vice-President of Exploration,
and Jose R. Arce, M.Sc. (Geophysics), of Arce Geofisicos, are the "qualified
persons" responsible for the contents of this news release.
About High Ridge Resources Inc.:
High Ridge is focused on large scale exploration projects in British Columbia
and Peru. In addition to the Peruvian gold and polymetallic projects, High Ridge
has three advanced exploration projects in British Columbia. These properties
include the Chuchi property (Cu-Au porphyry), 30 km northwest of Terrane's Mt.
Milligan project; Newton Mountain (Au-Cu porphyry), 35 km north of Taseko Mine's
Prosperity project - formerly Fish Lake (Au-Cu porphyry); and the Silver Bay
(Ag, Pb, Zn, and Cu porphyry) project, 10 km south of Cominco's former Bluebell
mine.
Forward Looking Statements: The above contains forward looking statements that
are subject to a number of known and unknown risks, uncertainties and other
factors that may cause actual results to differ materially from those
anticipated in our forward looking statements. Factors that could cause such
differences include: changes in world commodity markets, equity markets, costs
and supply of materials relevant to the mining industry, change in government
and changes to regulations affecting the mining industry. Forward-looking
statements in this release include statements regarding future exploration
programs, operation plans, geological interpretations, mineral tenure issues and
mineral recovery processes. Although we believe the expectations reflected in
our forward looking statements are reasonable, results may vary, and we cannot
guarantee future results, levels of activity, performance or achievements.
To view Figure 1 please click on the following link:
http://media3.marketwire.com/docs/hrr0410.jpg
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