Westridge Resources Inc. (WST.V- TSV) is a Canadian-based mineral exploration and development company. Its primary project is the Charay gold/silver property located in Western Mexico, approximately 40 minutes by car northeast of Los Mochis, an ocean-side city in the State of Sinaloa.
07/11/12Westridge Resources bulks up board with new appointment
28/06/12Westridge plans next phase drilling at Charay project
30/05/12Westridge finds more epithermal veins at Charay project, extends strike length to 4,000m
26/04/12Westridge Resources extends high grade El Padre vein to 150 metres down dip
23/04/12Westridge Resources: The Midas Touch
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Westridge Resources Inc. (WST.V- TSV) is a Canadian-based mineral exploration and development company. Its primary project is the Charay gold/silver property located in Western Mexico, approximately 40 minutes by car northeast of Los Mochis, an ocean-side city in the State of Sinaloa. The Charay project hosts a high-grade epithermal gold/silver vein system that has shown indications of bonanza grades. Currently Westridge has a program underway to explore the property. Company management has well over 40 years of extensive experience working with epithermal vein systems in Mexico. Significant cost advantages are associated with the Charay project due to mineralization at surface, ease of access and excellent infrastructure that currently exists.
Charay Gold Property
Low Sulphidation High Grade Gold/Silver Property
The Charay Property (also known as "La Mina Del Padre") is a low sulphidation, high grade gold and silver property located in friendly northern Sinaloa, Mexico which is comprised of five concessions
totaling 11,000 hectares. The property is near significant infrastructure including major highways, railroads, trans-continental power lines and large water sources. It is just 15 minutes away from two major
4-lane highways, and is easily accessible by road. It is a 40 minute drive from the major metropolitan city of Los Mochis (population: 214,000).
The drilling program on the Charay project begins the first quarter of 2012. Our drilling program is designed to extend and expand the zone of gold and silver mineralization defined by previous drilling on the El Padre vein both to depth and along strike. Previously a drilling program consisted of 20 holes to a depth of approximately 50 meters below the surface and approximately 250 meters along the strike of the El Padre vein. We completed three twin holes in July 2011 to confirm this earlier drilling. We were able to confirm the presence of bonanza grade gold and silver in the El Padre vein system (0.75m at 204.0 gpt Au and 445 gpt Ag) and potential for longer intervals of high grade (9.8m at 18.78 gpt Au). One drill hole also indicated potential for multiple vein intersections, with a second interval of gold mineralization below the interpreted intersection of the El Padre vein. All drill hole averages are weighted averages, weighting each assay interval according to the core length for that assay interval. All assay intervals are included in the average, with no bottom cut-off. True widths of mineralization in these drill holes, at this stage of exploration, are not precisely known. The gold assays were completed by ALS in Vancouver. In November and December 2011, we completed a program of geological mapping, trenching, and outcrop and soil sampling along and adjacent to the El Padre vein to follow-up on the diamond drilling. The results of this work are guiding the first quarter drill program.
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Position: Director & President
Mr. Schulhof is an experienced businessman with over 30 years' experience in both the public markets and private enterprise. For the past decade Mr. Schulhof has worked in the mining industry, including in junior resource exploration and is well qualified to lead the company through its next stage of growth which will entail oversight of the development of the Company's newly acquired Charay project in Mexico, and to pursue additional acquisitions and market expansion. A component of Mr. Schulhof's prior experience included significant development projects in Mexico. This experience will greatly assist the Company as it shifts its focus to its Mexican project. Mr. Schulhof's experience has been mostly in entrepreneurial activity at an executive management level, from early stage incubation to sales, mergers and other exit strategies. Formerly, he was the CEO of Delbrook Corporation for two years, which became Argentex Mining Corp. (ATX.V). He was also the Executive Vice President of 2020 Group Inc. from 2001-2006, a Multifamily Syndication and Resort Development group.
Bill Radvak, BASc
Position: Chairman of the Board
Bill Radvak received a Mining and Mineral Process Engineering Degree (1986) from the University of British Columbia. In January 2010 he joined American Vanadium as President and CEO. Previously, Mr. Radvak was a Founder and past CEO of Response Biomedical, a publicly listed medical device company that commercializes rapid immunoassay diagnostic tests for its marketing partners, 3M and Roche Diagnostics. Mr. Radvak led Response Biomedical from its evolution to a 90-employee company, and raised in excess of $50 million in public offerings. Bill has over 10 year's experience in small cap junior mining companies and over 30 years' experience in the start-up, management and financing of public and private companies.
Position: CFO and Director
Mr. Jackson has been a director of the Company since July 3, 2009. Mr. Jackson obtained his Chartered Accountant designation in 2006 and is a member of the Canadian and BC Institute of Chartered Accountants. Most recently, Mr. Jackson has been Partner of JH Financial LLP providing consulting services to start-up companies by working as their interim controller or chief financial officer and by providing tax credit services. In addition, during the past six years, Mr. Jackson has worked at Ernst & Young LLP as an accountant, and at Evans & Evans Inc. as a senior analyst.
John Dreier, PhD, PGeo
Position: Chief Geologist
John Dreier has 45 years of international experience as an economic geologist. He has published numerous articles on the geology and exploration of epithermal silver and gold deposits and is a recognized expert in this field. He has worked in Mexico and elsewhere in Latin America for more than 40 years where he has been involved in company formation and management, including AZCO Mining, which discovered the Piedras Verdes copper project in Mexico. He was also instrumental in the exploration and discovery of the Little Bald Mountain and Green Springs open pit gold deposits in Nevada and the Mogollon epithermal gold/silver vein deposit in New Mexico.
Dr. Robert W. Barker, PhD, PGeo
Dr. Barker has spent 46 years in successful multi-commodity mining exploration, with 29 years in exploration and acquisition leadership. Dr. Barker is currently the Chief Executive Officer and a director of Evolving Gold Corp., a gold exploration and development company with mineral property interests in Nevada and Wyoming, U.S.A. As General Manager, American Exploration for Newcrest Resources Inc., Dr. Barker established new exploration companies and led exploration programs in North America and South America. Over his career, he has served as Exploration Manager with Newcrest Resources Inc., Homestake Mining and AMAX Inc., and provided consulting services in the mining and exploration and development industry through his consulting company GHC Inc., of which he is the sole shareholder.
Mr. Barclay has more than 35 years' experience in the mining industry where he has a proven record of entrepreneurial success. Mr. Barclay was a co-founder and the chief financial officer and director of Adriana Resources Inc. from 2004 to 2010, a company listed on the TSX Venture Exchange with a development-stage iron ore port facility in Brazil, and developing a six-billion-tonne iron project in Northern Quebec, in joint venture with Wisco, China's 3rd largest steel corporation. From 2002 until 2005, Mr. Barclay was chief executive officer and director of Nevada Pacific Gold Ltd., formerly a TSX-V listed company which was acquired by U.S. Gold in April, 2007. He was the founding president and chief executive officer of Eldorado Gold Corp., a mid-tier international gold producer listed on the Toronto Stock Exchange and New York Stock Exchange, and served in that position and director from 1991 to 1999. He was also a co-founder of Bema Gold Corp., formerly an international gold producer listed on the TSX and NYSE, serving as chief financial officer and director from 1982 to 1992. Bema was acquired by Kinross Gold Corp. in April, 2007. Mr. Barclay is currently an executive vice president and director of China Minerals Mining Company, a company listed on the TSX-V. Mr. Barclay's entrepreneurial experience in the mining industry and the evaluation of advanced projects and mine development will be a welcome addition to the company at this stage of its growth.
Share Structure (as of Tue Jan 31, 2012)
Issued and Outstanding 15,503,100
Stock Options ($$0.25/$0.40/$0.53/$0.60/$0.65)) 1,490,000
May 2012 @ $0.25 = $95,000 380,000
Dec 2012 @ $0.65 = $80,000 123,245
Dec 2012 @ $0.85 = $707,000 831,906
Fully Diluted 18,328,251
Westridge Resources Inc.
#717 1030 West Georgia
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Legal Counsel: McMillan LLP
Address: Royal Centre, 1055 West Georgia Street
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