TSX-V: KRX
www.copper-ridge.com
VANCOUVER, July 6 /PRNewswire-FirstCall/ - Copper Ridge
Explorations Inc. (TSX-V: KRX) ("Copper Ridge") announces that
Taipan Resources Inc. ("Taipan") (TSX-V: TPN) has commenced a 600
m, three hole drill program on its Lucky Joe Copper-Gold project
located in the White Gold district south of Dawson City, Yukon. Taipan has an option to earn up to a
65% interest in Lucky Joe from Copper Ridge. Drilling will focus on
the southern portion of the 7 km long Ryan's Creek trend. In 2006,
Copper Ridge encountered a mineralized zone consisting of trace to
2% chalcopyrite and trace to 2% pyrite between 48 and 91 m in hole
LJ06-09. Within this zone, copper assayed 0.75% over 3.0 m and gold
assayed 3.0 g/t over 2.4 m. Additional drilling in 2007, 2,000 to
3,500 m north of LJ06-09, encountered 7.3 m of 0.905% Cu and 0.5
g/t gold in hole LJ07-19, 26.6 m of 0.152% Cu in hole LJ07-18 and
15.3 m of 0.176% Cu in hole LJ07-22.
The Lucky Joe Copper-Gold project is located in Yukon approximately 50 km south of
Dawson City and 40 km northeast of
Underworld's White Gold discovery, recently acquired by Kinross
Gold Corporation. The Lucky Joe Property consists of 548 quartz
claims with a total area of approximately 11,000 ha. The Property
hosts a unique style of copper-gold mineralization that has
similarities to Capstone Mining Corp.'s Minto mine, approximately 150 km to the
southeast. In the late 1970s, drilling of a small part on the
fringe of this potentially mineralized area by Riocanex gave values
of 0.3% Cu to 0.6% Cu over thicknesses of 20 to 30 m, with values
up to 0.95% Cu over 5.2 m. Later analyses of selected core samples
demonstrated gold to have close to a 1:1 correlation with copper.
When copper assays were in the 0.9% range, gold values were in the
.8 to .9 g/t range.
Mr. J. Greg Dawson, P.Geo.,
President of Copper Ridge, is the Qualified Person for the Lucky
Joe project and is responsible for the technical content of this
news release. Further information on Copper Ridge's exploration
portfolio can be found at www.copper-ridge.com
About Copper Ridge Explorations Inc.
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Copper Ridge Explorations Inc. is focused on advancing the Duke
Island copper-nickel-platinum-palladium project in Alaska while pursuing opportunities to expand
its portfolio of advanced exploration projects in the Yukon, Canada. By exploring quality projects
in areas of high mineral potential in mining-friendly
jurisdictions, Copper Ridge is committed to maximizing shareholder
value through discovery.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. No stock exchange, securities commission
or other regulatory authority has approved or disapproved the
information contained herein. This press release contains
projections and forward-looking information that involve various
risks and uncertainties regarding future events. Such
forward-looking information can include without limitation
statements based on current expectations involving a number of
risks and uncertainties and are not guarantees of future
performance. There are numerous risks and uncertainties that could
cause actual results and Copper Ridge's plans and objectives to
differ materially from those expressed in the forward-looking
information. Actual results and future events could differ
materially from those anticipated in such information. These and
all subsequent written and oral forward-looking information are
based on estimates and opinions of management on the dates they are
made and are expressly qualified in their entirety by this notice.
Except as required by law, Copper Ridge assumes no obligation to
update forward-looking information should circumstances or
management's estimates or opinions change.
SOURCE Copper Ridge Explorations Inc.