Toronto, Ontario and St. Johns Newfoundland and Labrador June 29thth, 2009
EagleRidge Minerals Ltd (ERM) is pleased to announce that field exploration crews have been mobilized from the Manitoba sites to the Newfoundland project sites. Field exploration work was performed on the Baie Verte area. The crews are now working on the St. Julien’s exploration project. Both project areas offer great opportunity for the discovery of gold and base metals mineralization.
The company has assembled a 12 person field crew consisting of geologists, geological assistants, Newfoundland prospectors and local persons from St. Juliens and Croque. The exploration crews are being overseen by ERM’s President and COO, Carey Galeschuk, P.Geo.
The Baie Verte Project was primarily focused on reconnaissance mapping and prospecting. The St. Julien’s Project is focused on detailed geological mapping and structural studies. Previous prospecting samples from St. Julien’s have returned copper assays over 22% as well as numerous other high assays of copper.
The company is excited about the potential of its’ Newfoundland projects. Field crews are following up the prospecting efforts undertaken in the St. Julien’s area during the summer and fall of 2008. During 2008, ERM carried out extensive ground prospecting on the St. Juliens project as well as airborne geophysics.
The VTEM geophysical anomalies in the St. Julien’s area that were generated during the airborne survey will be traced in the field. As well, an independent consultant has reviewed the electromagnetic and magnetic geophysical data from the St. Julien’s area and soon will be issuing an interpretive report. Diamond drilling is planned for later in the fall of 2009 in the St. Julien’s area.
Carey Galeschuk, P.Geo, ERM President and COO, is the qualified person for these projects.
About EagleRidge Minerals Ltd
ERM is presently a privately held mineral exploration company focused on gold and base metal mineral exploration in the provinces of Manitoba and Newfoundland and Labrador, Canada. The company operates exploration office in both Manitoba and Newfoundland and Labrador.
The company has made high grade copper discoveries on its St. Juliens property in Newfoundland and recently acquired new properties near the high grade hinge zone gold discovery made by San Gold Corporation at Rice Lake, Manitoba.
ERM holds over 18,000 hectares of property in the Rice Lake greenstone belt of Manitoba and has over 29,000 hectares of mineral properties in Newfoundland. The company is actively exploring gold and base metal targets in both provinces.
Caution Concerning Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information within the meaning of applicable US and Canadian securities laws. Assumptions that have been made still require to be proven from field investigations. Management believes there is strong potential with regard to economic mineralization being found on their mineral exploration properties however this can only be proven through progressive field exploration and geological investigations. The statements in this release contain information that has known and unknown risks, uncertainties and other factors that may cause actual results to be different from those presented in this release. All investments carry a certain level of risk that cannot be considered to be under the control of EagleRidge Minerals Ltd.
ETA: The entire EagleRidge Minerals news release can be seen on Market Wire