Western Pacific cuts 12.2m of 1.37 g/t gold at Mineral Gulch, including 7.6m of 1.88 g/t gold
VANCOUVER, April 16, 2012 /PRNewswire/ – Western Pacific Resources Corp. (TSXV: WRP) is pleased to release the assay results for the first three drill holes
of the 2012 drilling season at its Mineral Gulch project in southern
Idaho. The holes were in the southern project area in the D Pit area.
This was one of the largest pits mined at Black Pine by Pegasus Gold.
Results for the drill holes are shown in Table 1 below.
Table 1: Length Grade Hole # From (m) To (m) (m) (Au g/t) Angle Azimuth MGR12-036 48.8 61.0 12.2 1.37 -55 270 Incl 48.8 56.4 7.6 1.88 MGR12-037 56.4 137.2 80.8 0.21 90 n/a Incl 128.0 135.7 7.7 0.53 MGR12-038 No significant intercepts
“Drill hole MGR12-036 is significant for two reasons: one, it contains
higher grades than any of the Western Pacific sampling or previous
drilling in the D Pit area; and, two, it is drilled at an angle to the
west and represents a “true thickness” of one of the mineralized
faults. The interval is entirely in oxidized rock,” states Eric
Saderholm, President of Western Pacific. “Drill hole MGR12-037
contained a very thick and consistent run of anomalous mineralization
that is very encouraging and will be followed up in the next phase of
Drill hole MGR12-036 was designed to test the east-dipping structure
that clearly controls most of the mineralization in D Pit and succeeded
in cutting 12.2 meters of 1.37 g/t gold (48.8m to 61.0m) including 7.6
meters of 1.88 g/t (48.8m to 56.4m).
Drill hole MGR12-037 was drilled vertically and encountered 80.8 meters
of 0.21 g/t (56.4m to 137.2m).
See map posted on the company website for drill hole locations, at: http://www.westernpacificresources.com/s/MineralGulch.asp
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 has acquired the
historical proprietary data for the property from Newmont Mining
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.
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
Clancy Wendt, M.Sc., a registered geologist in Arizona and British
Columbia and a member of SME, SEG FAusIMM(CP) and PDAC, is Western
Pacific’s Qualified Person for the purposes of National Instrument
43-101. Mr. Wendt has prepared or supervised the preparation of the
disclosure of the 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 Western Pacific Resources Corp.