VANCOUVER, British Columbia--(BUSINESS WIRE)--Westridge Resources Inc. (the “Company”) announces that Mr. Bill Radvak has been appointed Chairman of the Board of the Company.
Mr. Radvak currently is the President and CEO of American Vanadium Corp. (TSX-V: AVC). American Vanadium Corp. is developing the Gibellini Project, a vanadium deposit located in Nevada, USA. Vanadium is a critical alloying metal used to strengthen steel and is also growing in importance in emerging uses such as mass energy storage and next generation lithium-vanadium batteries. Mr. Radvak holds a degree in Mining Engineering from the University of British Columbia and has extensive experience in early stage project development.
“The Charay is an exceptional gold and silver epithermal vein exploration project where the limited drilling done to date has shown excellent potential for the presence of bonanza gold and silver,” stated Bill Radvak. “I look forward to helping guide the Company as it explores and expands this essentially untested, significant gold opportunity.”
“We welcome the contribution that Bill will make to our team and are excited to work with him as we develop the Charay project,” stated Peter Schulhof, President and CEO of the Company.
Westridge Resources also announces that Mr. Dennis Mee has resigned his position as a Director of the Company. We thank Mr. Mee for his time and efforts and wish him every success in the future.
About Westridge Resources
Westridge Resources Inc. is a Canadian-based mineral exploration company focused on the acquisition, evaluation and exploration of mineral resource properties.
ON BEHALF OF THE BOARD
“Peter Schulhof”
Peter Schulhof
President
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Forward Looking Statements
Statements contained in this news release that are not historical facts constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws and are based on expectations, estimates and projections as of the date of this release. Forward-looking statements include, without limitation, possible events, statements with respect to possible events, the future price of gold and other commodities, the realization of mineral resource estimates and success of exploration activities. The words “is expected” or “estimates” or variations of such words and phrases or statements that certain actions, events or results “may” or “could” occur and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include, but are not limited to: fluctuations in the spot and forward price of gold or certain other commodities; changes in national and local government legislation, taxation, controls, regulations and political or economic developments in Canada; business opportunities that may be presented to, or pursued by, the Company; operating or technical difficulties in connection with mining activities; the speculative nature of gold exploration and development, including the risks of obtaining necessary licenses and permits; diminishing quantities or grades of reserves; and contests over title to properties, particularly title to undeveloped properties. In addition, there are risks and hazards associated with the business of gold exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses (and the risk of inadequate insurance, or the inability to obtain insurance, to cover these risks). Many of these uncertainties and contingencies can affect the Company’s actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, the Company. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. All of the forward-looking statements made in this release are qualified by these cautionary statements and those made in our other filings with the securities regulators in Canada. These factors are not intended to represent a complete list of the factors that could affect the Company. Although the Company believes that the expectations in the forward-looking statements are reasonable, actual results may vary, and future results, levels of activity, performance or achievements cannot be guaranteed.