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Message: Western Pacific Cuts 24.4m @ 1.6g/t Au at Mineral Gulch Project
VANCOUVER, Oct. 25, 2011 /CNW/ - Western Pacific Resources Corp. (WRP - TSXV) is pleased to release the assay results for the first twenty drill holes drilled at Mineral Gulch. Results for all 20 drill holes are shown in Table 1.
Highlights of the drilling include hole MGR11-017 which cut 1.59g/t Au over 24.4m from 12.2m downhole, including 7.6m of 3.59g/t gold. This hole lies in the northeast corner of the soil anomaly described in press release dated October 20, 2011. Two additional holes have been drilled in the area to test for potential extension of this mineralization. The assays results for these drill holes will be reported once they have been received from ALS Chemex. Other drill holes of significant importance are MGR11-003 (61 m of 0.47 g/t Au), MGR11-005 (15.2 m of 1.24 g/t Au), MGR11-006 (59.4 m of 0.38 g/t Au), MGR11-008 (10.7 m of 0.41 g/t Au), MGR11-009 (18.3 m of 0.76 g/t Au), MGR11-016 (6.1 m of 0.38 g/t Au) and MGR11-019 (32 m of 0.48 g/t Au), all of which had mineralization starting at the surface.
"What is significant about drill hole MGR11-017 is that this drill hole lies outside of any of the known pits and with its close proximity to the soil anomaly, it could indicate that we're potentially on the edge of a new mineralized body", states Western Pacific's President, Eric Saderholm. "The numerous drill holes that have intersected mineralization tell us that we are dealing with a major mineralizing system that has been historically under explored."
See map posted on company website for drill hole locations:
About Mineral Gulch
Mineral Gulch is located in Cassia County, Idaho, along the southeast edge of the Black Pine Mountains, approximately 128 km southeast of Burley, Idaho. Western Pacific Resources Corp. controls 100% of the project which it acquired through staking.
The project encompasses the historic Black Pine Mining District and surrounding exploration ground. Western Pacific Resources Corp. recently acquired the historical proprietary data for the property from Newmont Mining Corporation.
Sporadic small-scale gold and base-metal mining occurred in the area as early as 1915. Noranda conducted exploration programs at Black Pine between 1984 and 1990. Pegasus Mining entered into a joint venture with Noranda in 1990 and became the majority owner and operator of the mining effort between 1992 and 1998. The Black Pine Property produced over 500,000 ounces of gold at an average head grade of 1.5 grams from several small open pits. Historic exploration and mining efforts have generally focused on near-surface, oxidized ore bodies.
|Hole #||From (m)||To (m)||(m)||(Au g/t)||Angle||Azmuith|
|NSA - No Significant Assays|
All assays were completed by ALS Chemex.
All intervals used a 343g cutoff.
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.
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.
Source: Canada Newswire (October 25, 2011 - 8:30 AM EDT)
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