TORONTO, ONTARIO--(Marketwire - Nov. 3, 2009) - White Pine Resources (TSX VENTURE:WPR - News; "White Pine") (formerly WSR Resources), is pleased to provide the following exploration update on it's James Bay Lowland joint ventures in the 'Ring of Fire'.
LUC BOURDON JOINT VENTURE
The White Pine Resources (TSX VENTURE:WPR - News; "White Pine), Noront Resources (TSX VENTURE:NOT - News; "Noront") and Golden Valley Mines (TSX VENTURE:GZZ - News; "Golden Valley") Joint Venture Project has recently received the results from the Geotech ZTEM airborne survey. The survey was utilized to prioritize the exploration success from the spring (see press release dated June 26, 2009) for additional drilling. In the spring of 2009, White Pine initiated a drill program to test six regional VTEM anomalies on the joint venture claim group. Four of the six anomalies produced significant to anomalous Zn-Cu intersections and values. The ZTEM survey has identified low resistivity anomalies directly over the zone that suggests that it could also continue potentially to greater depth at the G1 and G3 anomalies. These anomalies will be the target of additional drilling once freeze-up in the lowlands has been completed.
JAMES BAY LOWLANDS JOINT VENTURE
The White Pine, Metalex Ventures Ltd. (TSX VENTURE:MTX - News; "Metalex"), and Arctic Star Resources Inc.'s (TSX VENTURE:ADD - News; "Arctic Star") Joint Venture Project also has received the results from a Geotech ZTEM airborne survey over the 501 Zn-Cu discovery (see previous press releases). The 501 discovery has been traced over a strike length of 200m and at depth to 275m and has yielded drill intercepts of 102m of 6.5% Zn and 0.19% Cu in DDH501-06 (not true width). The ZTEM survey has identified a low resistivity anomaly directly over the zone that suggests that it could also potentially continue to greater depth and will be the focus of additional drilling once freeze-up occurs. Another AreotemIII anomaly (13-1) not yet drilled, and located 13 km north-northeast of Noront's Eagle's Nest Ni-Cu-PGM deposit and 7km north of their AT12 Ni-Cu discovery, will also be the focus of drilling in the upcoming exploration program. Scott Hogg, P.Eng of Scott Hogg and Associates Ltd. has recommended this anomaly for drilling, commenting that the one line response warrants further investigation more for the fact that it is a lone conductor in a much larger region, than for its specific geophysical attributes. Mike Kilbourne, P.Geo and President of White Pine states, "This anomaly is very intriguing, lying on the edge of a magnetic high, adjacent to a NNE regional structure that traces south towards Noront's AT12 discovery, and from the isolated magnetic response, appears to be enveloped by the same granodiorite body that encompasses these Ni-Cu-PGM deposits."
White Pine Resources is well funded with over $2.5 million in cash and looks forward to continued exploration success in the James Bay Lowlands.
Forward looking statements: Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of WPR, including but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of resource and reserve estimates, currency fluctuations, dependence upon regulatory approvals, the unavailability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and as such, undue reliance should not be placed on forward-looking statements.
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