Vancouver, British Columbia--(Newsfile Corp. - October 24, 2017) - Westridge Resources (CSE: WST) is the latest new listing on
the Canadian Securities Exchange, trading under the symbol "WST", having previously traded on the TSX Venture Exchange.
InvestmentPitch Media has produced a "video news alert" which
provides a brief overview of the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Westridge" in the search box.
Westridge Resources is focused on the acquisition, evaluation and exploration of mineral resource properties.
In May 2017 the company entered into an Option Agreement with Intact Gold to acquire 100% interest in the 240-hectare Black Jack
Gold Property, located in the Kenora mining division of Ontario, approximately 20 kilometres southeast of Kenora. The company will
pay up to $155,000 and issue up to 150,000 shares in staged payments over 3 years.
Gold mineralization occurs in high concentrations sporadically within recrystallized quartz veins. For a full history of the
property, please refer to the NI 43-101 Technical Report filed on Sedar.
The company has recently completed an initial Phase I work program on the property, including a High Resolution UAV-MAG survey
at 20 metre line spacing for a total of 140 line kilometers, UAV orthophoto and DEM creation and compilation, digitization and
interpretation of available historical data.
Over the next 12-month period, the company has budgeted $325,000 to complete further work programs to determine viability going
forward, including a trenching program and a detailed IP survey of targets identified in Phase I.
The company will continue to pursue other viable gold properties and investment opportunities.
The company has retained Mackie Research on a best-efforts basis to raise gross proceeds of up to $4.2 million. The brokered
private placement will consist of up to 12 million units, priced at $0.35 per unit, with each unit consisting of 1 share and 1 full
warrant, with each warrant exercisable at $0.50 for 24 months.
The shares are currently trading at $0.32, and with 35.6 million shares outstanding, the company is capitalized at $11.4
million.
For more information Michael Young, President and CEO, at 604-565-5100 or email michael@goldmetalcorp.com.
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