Western Pacific Acquires Rock Springs Property
VANCOUVER, July 7 /CNW/ - Western Pacific Resources Corp. (WRP - TSXV) is please to announce the acquisition, through staking, of the Rock Springs property located in Elko County, Nevada. The property lies along the northwest edge of the Bald Mountain/Pequop Trend, which hosts the Company's Mineral Gulch property covering the Black Pine Mine, and is 45 miles north of the Fronteer/AuEx Long Canyon property.
Historic surface sampling and drilling was completed by Gold Fields Mining Corporation (GFMC) in 1987-1989. They sampled over two parallel silicified ridges, each approximately 1,000 feet long and 300 feet wide. Gold values from sampling returned from trace up to 0.055 opt (1.9g/t) gold, silver from trace up to 16.1 opt (555g/t), arsenic up to 750 ppm, antimony up to 0.99% and mercury up to 32 ppm, demonstrating the potential existence of a nearby mineralizing system.
Eighteen reverse circulation holes were drilled in the project area with four of the northernmost drill holes intersecting significant mineralization:
------------------------------------------------------------------------- Hole From To Interval Interval Au Au Ag Ag (ft) (ft) (ft) (m) (opt) (g/t) (opt) (g/t) ------------------------------------------------------------------------- RK-2 235 280 45 13.7 0.024 0.83 ------------------------------------------------------------------------- RK-3 0 325 325 99.1 1.0 34.3 ------------------------------------------------------------------------- RK-4 0 110 110 33.5 1.17 40.1 ------------------------------------------------------------------------- RK-18 85 185 100 30.5 1.24 42.5 -------------------------------------------------------------------------
These are historic sampling and drill results. The reader is cautioned that WRP has not yet completed sufficient work to verify GFMC's results; however, GFMC's exploration work is believed to be of good quality.
Recent surface rock chip samples obtained by Western Pacific have returned gold values from trace up to 0.04 opt (1.38g/t) gold, from trace up to 8.7 opt (300g/t) silver, 1.7 % lead and 2.0% zinc. Additional surface sampling, geologic mapping and a soil program are in the planning stages at this time to help in identifying the gold bearing portion of this mineralized system.
About Western Pacific
Western Pacific is a gold explorer focused on acquiring advanced-stage projects in the Western United States, and has the right combination of exploration and financial professionals to succeed in making a world class gold discovery. For more information, please visit our website at www.westernpacificresources.com.
Qualified Person
Curt Everson, M.Sc., P.Geo., is Western Pacific's Qualified Person for the purposes of National Instrument 43-101 and has prepared or supervised the preparation of the disclosure of any scientific and technical information contained in this news release.
ON BEHALF OF THE BOARD
Warwick Smith, Chief Executive Officer
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this news release.
This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including the availability of funds, the results of financing and exploration activities, the interpretation of drilling results and other geological data, risks associated with the estimation of mineral resources and the geology, grade and continuity of mineral deposits, project cost overruns or unanticipated costs and expenses -- that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For further information: Tel: (604) 801-5432, Fax: (604) 662-8829, Email: [email protected], Website: www.westernpacificresources.com
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