WRP.v adds more land surrounding Black Pine a former producing mine of Pegasus. I own it.
Western Pacific acquires 159 more Mineral Gulch claims
Ticker Symbol: C:WRP
Western Pacific acquires 159 more Mineral Gulch claims
Western Pacific Resources Corp (C:WRP)
Shares Issued 15,316,751
Last Close 4/6/2010 $0.51
Thursday April 08 2010 - News Release
Mr. Warwick Smith reports
WESTERN PACIFIC EXPANDS MINERAL GULCH PROJECT
Western Pacific Resources Corp. has staked additional claims at its 100-per-cent-owned Mineral Gulch project. After reviewing historical data for the property, formerly known as the Black Pine mine, Western Pacific has acquired a further 159 claims, bringing the total land package to 345 claims.
Review of the Black Pine Mine dataset has revealed extensive soil geochemistry covering the pre-mine surface. "Gold-in-soils was the most effective exploration tool during the phase one programs," states Curt Everson, Exploration Manager. "The original soil programs delineated 15 strong, localized anomalies of which 6 were mined. The other 9 anomalies are currently under evaluation now that the snow-pack is starting to melt. These gold assays are very strong for soil samples, with the highest being 3.64 grams/ton. (The reader is cautioned that this is historic data which is not compliant with NI 43-101 and cannot be relied upon. Western Pacific has not yet completed sufficient work to verify this result). These are some of the highest values we have seen associated with Carlin-style systems. The discovery of 3 open anomalies prompted us to stake an additional 159 claims, bringing our total holdings to 345 claims."
"The data we received from Newmont has us excited about near-mine and regional exploration," says Eric Saderholm, Director. "We are in the process of locking up 9,280 acres of trust land surrounding the project and we recently filed a notice-of-intent for surface exploration with the Forest Service. Things are proceeding smoothly."
Western Pacific is continuing a detailed review of the historical data and expects to announce its plans for advancing the Mineral Gulch project during the second quarter of 2010.
Mineral Gulch is located in Cassia County, Idaho, along the southeast edge of the Black Pine Mountains. Pegasus Mining acquired the property from Noranda Inc. and produced approximately 520,000 ounces of gold from several small open pits in the late 1980s through the mid-1990s. Historic exploration and mining efforts at the project have generally focused on near-surface, oxidized ore bodies.
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.
2010 Canjex Publishing Ltd. |
