VANCOUVER, April 9, 2015 /CNW/ - Western Pacific
Resources Corp. ("Western Pacific" or the "Company") (TSX-V:
WRP) reports that the results from the 2014 diamond drilling
program continue to demonstrate high grade intercepts at its
wholly-owned Deer Trail Mine, located in Piute County, Utah. Assays for all holes
through to hole DT14-41 have now been received and evaluated.
Financial modeling and technical work, including metallurgical
studies, are ongoing as part of the continued effort of evaluating
the viability of bringing the Deer Trail Mine back into
production
The 2014 drilling campaign tested a total of 46 holes over
19,131 ft, exceeding scheduled footage, with results indicating
continuity of mineralization. The principle structure, Manto S4, is
open both up and down dip. Results include grades of up to 187 g/t
gold, 19,220 g/t silver, 5.13% lead and 7.97% zinc; this
intersection, in hole DT14-40, is the highest gold grade
intersection received to date from the 2014 exploration program.
Holes DT14-42 through DT14-46 were not assayed as they encountered
a fault and did not reach the target zone. Results from the final
diamond drill holes are detailed below. Highlights from drill holes
DT14-38 thru DT14-41 include:
Table 1.
Highlights intercepts with grade/width averages
|
Hole
|
Manto
|
From
|
To
|
Interval
|
Au
|
Ag
|
Pb
|
Zn
|
|
|
ft
|
ft
|
ft
|
g/t
|
g/t
|
%
|
%
|
DT14-39
|
S4
|
160.5
|
163.7
|
3.2
|
5.0025
|
288.5
|
0.56%
|
0.71%
|
DT14-39
|
S4
|
165.5
|
171.5
|
6
|
2.52
|
700.58
|
0.03%
|
0.14%
|
DT14-39
|
S7
|
323
|
325.8
|
2.8
|
0.785
|
699
|
1.47%
|
3.83%
|
DT14-40
|
S3
|
117.1
|
119.3
|
2.2
|
3.46
|
732.14
|
1.37%
|
1.56%
|
DT14-40
|
S4
|
164.6
|
165.4
|
0.4
|
187
|
19220
|
5.13%
|
7.97%
|
DT14-41
|
S3
|
140.5
|
147.6
|
7.6
|
8.86
|
726.53
|
0.40%
|
0.81%
|
including
|
|
140
|
140.5
|
0.5
|
30.8
|
2070
|
3.67%
|
11.25%
|
A complete list of assays from drill holes DT14-38 to DT14-41 is
located in Appendix 1. Drill holes DT14-01 thru DT14-37 were
disclosed in news releases dated October 2,
2014 and January 5, 2015. Full
details of all drill results including assays, hole location, dip
and azimuth is available on the Company's website at
http://www.westernpacificresources.com/i/pdf/WRP_DT14-01-to-42-All-Samples.pdf.
The project contains several structural blocks and there is
insufficient data from the drilling to accurately calculate true
intercept thickness at this time.
In addition, the company has sent sample material from the S4
manto to Dawson Laboratories in Salt Lake
City for metallurgical analysis, results of which are
expected to be completed in June. The metallurgical tests will
assist in confirming historic recoveries and determining the final
concentrate product composition.
As part of its assessment of the 2014 program, the Company is
evaluating strategic alternatives to advance the Deer Trail
Mine.
"We are encouraged by the results of the 2014 drill program. The
fact that we are seeing these high grades in the distal parts of
the deposit indicates the strength of the mineralization in the
system," stated Michael Callahan,
President & CEO of Western Pacific. "The work to date,
including drilling in the 1980s, shows the Deer Trail system to be
a large carbonate replacement system with strong evidence of an
underlying porphyry. The recent drilling produced indications that
the porphyry may not be as deep as previously thought. Located in
the same geological setting as the huge Bingham Canyon deposit, the
Deer Trail project includes a compelling exploration aspect. We
look forward to incorporating the results of the metallurgical
testing, which will contribute to a plan to advance the Deer Trail
Mine in 2015."
Core recovery for the holes reported in this release, averaged
greater than 99%. Industry standard QA/QC programs are carried out
and maintained on the Deer Trail Mine exploration program by
Eric Saderholm, Qualified Person.
Sample preparation has been carried out by ALS in Reno and Tucson,
assaying has been carried out by ALS Vancouver.
Qualified Person
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.
Appendix 1
Table 2. Drill
Results from Deer Trail Mine
|
Drill
hole
|
Manto
|
From
(ft)
|
To
(ft)
|
Interval
|
Au
|
Ag
|
Pb
|
Zn
|
|
|
|
|
(ft)
|
g/t
|
g/t
|
%
|
%
|
DT14-38
|
S4
|
258.90
|
267.30
|
8.40
|
1.35
|
92.46
|
0.496
|
0.181
|
Including
|
|
262.70
|
266.00
|
3.30
|
3.19
|
205.00
|
1.140
|
0.184
|
DT14-38
|
S5
|
315.80
|
320.00
|
4.20
|
0.05
|
9.90
|
0.042
|
0.078
|
DT14-38
|
S6
|
327.10
|
334.00
|
6.90
|
0.76
|
19.01
|
0.024
|
0.088
|
DT14-38
|
S8
|
566.30
|
572.20
|
5.90
|
0.08
|
11.07
|
0.147
|
0.263
|
DT14-38
|
S9
|
603.00
|
616.00
|
13.00
|
0.01
|
2.47
|
0.005
|
0.039
|
DT14-39
|
S3
|
124.40
|
131.40
|
7.00
|
0.23
|
23.80
|
0.014
|
0.016
|
DT14-39
|
S4
|
160.50
|
174.60
|
14.10
|
2.37
|
381.41
|
0.159
|
0.227
|
Including
|
|
160.50
|
162.50
|
2.00
|
4.77
|
305.00
|
0.802
|
0.865
|
Including
|
|
162.50
|
163.70
|
1.20
|
5.39
|
261.00
|
0.167
|
0.446
|
Including
|
|
165.50
|
168.00
|
2.50
|
2.42
|
686.00
|
0.003
|
0.033
|
Including
|
|
168.00
|
171.50
|
3.50
|
2.59
|
711.00
|
0.043
|
0.218
|
DT14-39
|
S5
|
206.50
|
209.50
|
3.00
|
0.29
|
25.80
|
0.040
|
0.031
|
DT14-39
|
S6
|
224.60
|
239.00
|
14.40
|
0.32
|
46.35
|
0.098
|
0.062
|
DT14-39
|
S7
|
323.00
|
327.70
|
4.70
|
0.50
|
421.78
|
0.899
|
2.319
|
Including
|
|
323.00
|
325.80
|
2.80
|
0.79
|
699.00
|
1.465
|
3.830
|
DT14-39
|
S8
|
379.00
|
385.50
|
6.50
|
0.27
|
62.95
|
0.322
|
0.353
|
DT14-39
|
S9
|
429.80
|
441.20
|
11.40
|
0.01
|
5.18
|
0.020
|
0.173
|
DT14-40
|
S3
|
99.00
|
119.50
|
20.50
|
0.59
|
103.23
|
0.161
|
0.237
|
Including
|
|
117.10
|
118.00
|
0.90
|
7.73
|
1560.00
|
0.283
|
0.905
|
DT14-40
|
S4
|
161.80
|
177.00
|
15.20
|
10.65
|
1101.38
|
0.442
|
0.737
|
Including
|
|
164.60
|
165.40
|
0.80
|
187.00
|
19220.00
|
5.130
|
7.970
|
DT14-40
|
S5
|
189.40
|
193.00
|
3.60
|
1.78
|
346.00
|
0.009
|
0.008
|
DT14-40
|
S6
|
211.90
|
217.30
|
5.40
|
0.29
|
40.19
|
0.014
|
0.018
|
DT14-40
|
S7
|
314.20
|
328.80
|
14.60
|
0.01
|
0.59
|
0.004
|
0.063
|
DT14-40
|
S8
|
398.00
|
401.30
|
3.30
|
0.02
|
1.02
|
0.002
|
0.012
|
DT14-41
|
S3
|
130.50
|
147.60
|
17.10
|
4.44
|
386.13
|
0.551
|
0.908
|
Including
|
|
140.00
|
140.50
|
0.50
|
30.80
|
2070.00
|
3.670
|
11.250
|
Including
|
|
143.50
|
147.60
|
4.10
|
12.50
|
1085.00
|
0.282
|
0.084
|
DT14-41
|
S4
|
213.40
|
222.00
|
8.60
|
0.69
|
9.46
|
0.013
|
0.310
|
DT14-42
|
S1
|
43.10
|
70.60
|
27.50
|
2.97
|
3.57
|
0.001
|
0.008
|
Appendix 2
Drill Hole Location Map
http://www.westernpacificresources.com/i/maps/WRP_Drill-Hole-Location-Map_DT14-01to-41.jpg
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 exploring the historic
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
"Michael Callahan"
Michael
Callahan
President & CEO
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.
SOURCE Western Pacific Resources Corp.