Western Pacific Receives Pegasus Drill Data
VANCOUVER, May 9, 2012 /PRNewswire/ – Western Pacific Resources Corp. (WRP – TSXV) is pleased to announce that we have received historical proprietary
data compiled by Pegasus Mining for the Mineral Gulch property,
formerly known as the Black Pine Mine.
Included in the information are comprehensive drill-hole location maps,
topographic maps generated during the mining process, various
drill-hole gold assay sheets and useful mine permitting reports.
The data was purchased for a cost of $5,000.
“We are extremely pleased to have acquired the historical data. It has
been a long process trying to track down this partial data set. Now
that we have this information, we will use it to help with our planned
summer drill program. This is a very important step in refining our
exploration plan moving forward,” said Eric Saderholm, Director.
Western Pacific is commencing a detailed review of the historical data
and expects to announce its plans to advance the Mineral Gulch project
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 previously 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.