|July 09, 2014|
Drilling Commences At Western Pacific's Deer Trail Mine Project
|Vancouver, BC -- July 9, 2014 -- Western Pacific Resources Corp. ("Western Pacific" or the "Company") (TSX-V: WRP) announces the commencement of a 5,500 m (18,000 ft) core drilling program at the Company's Deer Trail property, located in Piute County, Utah. The program is designed to confirm the continuity of mineralization, with the goal of recommencing production at Deer Trail. |
The Deer Trail Mine project is a polymetallic property with gold, silver, lead, zinc and copper mineralization occurring in oxide and sulphidic material. The mine includes a 250 tonnes per day capacity flotation mill, a large-scale mining permit, and extensive infrastructure.
The underground drill program will follow-up on the results from the 2013 sampling program conducted in the 3400 zone. Results from this sampling program (see news release dated September 3, 2013) included grades ranging from 0.016 g/t to 164.5 g/t Au (0.0 oz/t to 5.3 oz/t Au) and from 0.9 g/t to 8,090 g/t Ag (0.0 oz/t to 260 oz/t Ag). Forty-seven percent of the 72 samples in that program returned grades higher than 311 g/t (10 oz/t) Ag equivalent with the weighted average grade of those samples averaging 1,300.1 g/t (41.8 oz/t) Ag equivalent over an average channel width of 1.17 meters.
The 50 hole drill program will provide extensive data and will pierce the five known stacked mineralized manto layers. The drilling will focus on defining mineralization near to the existing mine workings, as well as targeting prospective areas that have not been previously drilled.
The Deer Trail Mine is located in Piute County, central Utah, approximately 5 miles SSW of Marysvale, or 165 miles SSW from Salt Lake City. The project encompasses 3,275 acres of prospective ground within 5 square miles, and includes workings known as the Upper (Old) Deer Trail Mine and the Lower Deer Trail Mine.
"Western Pacific has completed the rehabilitation of the 3400 area and is excited to see the drilling begin and the program advancing ahead of schedule and on budget," stated Michael Callahan, CEO & President of Western Pacific. "The current drilling will be incorporated into a geologic model to evaluate the continuity of the various mantos in this area of the mine in furtherance of the goal of recommencing mining in this area". The 3400 area of the mine was developed and mined intermittently until the early 1960's and again in 1981. Not all historic data is available, however it is known that data on approximately 50% of the tons mined from this area averaged 1.71 oz/t Au (53.19 g/t Au), 11.61 oz/t Ag (361.11 g/t Ag), 7.45% zinc and 2.96% lead. (Source: Unico, INC. Annual Report February 28, 2010). The Company has not completed the work necessary to have the historical data verified by a Qualified Person as defined by NI43-101 and as such these historical estimates should not be relied upon.
To assist in mine development, the Company will also undertake a comprehensive infill rib sampling program to augment historic work and further delineate the numerous mineralized horizons.
Eric Saderholm, B.Sc, Registered Member (Number 4145463RM), Society for Mining, Metallurgy, and Exploration, is Western Pacific's Qualified Person for the purposes of NI 43 101. Mr. Saderholm has approved the scientific and technical information contained in this news release.
About Western Pacific Resources Corp.
Western Pacific is a publicly traded resource exploration company focused on advancing a strong portfolio of precious metal properties in the Western United States. The Company is currently developing the polymetallic Deer Trail Mine in Piute County, Utah. The Company's shares trade on the TSX Venture Exchange under the symbol "WRP". Western Pacific's team is led by a slate of technical and financial experts whose aim is to succeed in creating shareholder value through the development of its portfolio of projects as well as by pursuing additional property acquisitions and other strategic opportunities.
ON BEHALF OF THE BOARD
President & CEO
For more information visit the Company's website at www.westernpacificresources.com or contact Fiona Grant Leydier, Investor Relations, at (604) 692-2891 or via email at firstname.lastname@example.org.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities legislation. Forward-looking statements contained in this news release include, without limitation, statements in respect of the proposed development of the Deer Trail Mine property. These statements relate to future events, business prospects or opportunities and product development. All such statements other than statements of historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect, "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. The Company believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. Actual results and developments may differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release.
Forward-looking statements involve known and unknown risks, uncertainties, assumptions of management and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statement, including but not limited to: (a) the Company not having the financial ability to meet its exploration and development goals; (b) risks associated with the results of exploration and development activities, the interpretation of drilling results and other geological risks, estimation of mineral resources and the geology, grade and continuity of mineral deposits, project cost overruns or unanticipated costs and expenses; and (c) such other risks detailed from time to time in the Company's quarterly and annual filings with securities regulators and available under the Company's profile on SEDAR at www.sedar.com.
Although the Company believes that the expectations conveyed by the forward-looking statements are reasonable based on the information available to it on the date such statements were made, no assurances can be given as to future results, approvals or achievements. Such forward-looking statements have been made for the purpose of assisting investors in understanding the Company's business, financial and operational performance and plans and may not be appropriate for other purposes. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The Company disclaims any duty to update any of the forward-looking statements after the date of this news release to conform such statements to actual results or to changes in the Company's expectations except as otherwise required by applicable law.
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