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Last C$0.05 CAD
Change Today 0.00 / 0.00%
Volume 7.0K
WRP On Other Exchanges
Symbol
Exchange
Venture
OTC US
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As of 3:47 PM 04/1/15 All times are local (Market data is delayed by at least 15 minutes).

western pacific resources (WRP) Snapshot

Open
C$0.04
Previous Close
C$0.05
Day High
C$0.05
Day Low
C$0.04
52 Week High
08/18/14 - C$0.18
52 Week Low
03/18/15 - C$0.04
Market Cap
2.4M
Average Volume 10 Days
16.1K
EPS TTM
C$-0.12
Shares Outstanding
52.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for WESTERN PACIFIC RESOURCES (WRP)

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western pacific resources (WRP) Details

Western Pacific Resources Corp. engages in the acquisition, exploration, and development of precious metals properties in the Western United States. It explores for gold, silver, lead, zinc, and copper mineral deposits. The company’s properties include Deer Trail Mine covering an area of 3,275 acres located in Piute County, central Utah; Mineral Gulch property located in southeastern Cassia County in Southern Idaho; and Rock Springs property located in Elko County, Nevada. Western Pacific Resources Corp. was incorporated in 2009 and is headquartered in Vancouver, Canada.

western pacific resources (WRP) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: C$16.1K
Vice President of Exploration
Total Annual Compensation: C$182.0K
Compensation as of Fiscal Year 2013.

western pacific resources (WRP) Key Developments

Western Pacific Resources Corp. Announces Completion of Diamond Drill Program at Deer Trail Mine, Located in Piute County, Utah

Western Pacific Resources Corp. announced the completion of the diamond drill program at the Deer Trail Mine, located in Piute County, Utah. The company exceeded its planned program by drilling 19,131 ft in a total of 46 holes. The company is now assessing the results of the drill program and performing metallurgical analysis with the goal of evaluating the viability of bringing the mine back into production. Assays for a total of 37 holes have been received to date. These holes consist of 16,041.5 ft of drilling from two underground drill stations and include grades of up to 82.7 g/t gold, 24,981 g/t silver, 12.25% lead and 25.3% zinc; this intersection, in hole DTM-14-37, is the high grade intersection received to date from the 2014 drill program. The project contains several structural blocks and there is insufficient data from the drilling to accurately calculate true intercept thickness at this time. The drill program was focused in the 3400 area of the mine where drilling was being performed from the main PTH haulage tunnel. Significant base metal mineralization has been encountered in mantos S4, S6, S7 and S8 with assays returning combined base metals values up to 37.5%. For example, hole DT14-35 returned 1 ft of 8.7 g/t gold, 672 g/t silver, 15.5% copper and 25.3% zinc. Some holes indicate local potential for wider zones where drilling returned base metal and/or precious metal mineralization over several feet. An example of this can be seen in hole DT14-28, which returned 12 ft averaging 1.51 g/t gold, 259 g/t silver, 2.53% copper and 5.42% zinc. The spread of values between the various mantos confirms the layer-cake stacking of the base metal manto mineralization within the sedimentary stratigraphic sequences. This provides for additional exploration that goes beyond the scope of the current drill program and would potentially be targeted in the future. High-grade precious metal mineralization is also showing a different occurrence than within the strictly manto-style base metal mineralization as previously believed. On-going multi-element geochemical analysis shows that there is a strong association between silver, gold and tellurium, and not necessarily with the base metals lead, zinc, arsenic and antimony. This suggests that precious metals may be a separate mineralizing event and that potentially economic gold and silver mineralization is hosted by gold and silver tellurides. The drill program has encountered an additional previously unknown manto, S8, which lies approximately 60 ft below the S7 manto. Drilling has shown that, like S7, it occurs within a sedimentary unit, the Lower Carbonate and Quartzite (LCAQ) of the Callville Formation, rather than at a distinct contact between two different units like S4, which occurs adjacent to the contact between the Lower Dark Lentil (LDL) and the Middle Quartzite-Big Sandy Zone (MQ-BSZ). When S8 is encountered it is well mineralized and up to 10 ft thick, though mineralization is not as consistent as S4 or S7. Deeper drilling, for example in drill hole DT14-21, has revealed hydrothermal breccias and associated alteration that hosts potentially economic precious metal and base metal mineralization. This alteration suite is interpreted to be associated with peripheral porphyry-style mineralization.

Western Pacific Resources Corp. Announces Executive Changes

Western Pacific Resources Corp. announced that it has appointed Sheryl Elsdon as Corporate Secretary of the Company. Ms. Elsdon has worked in the public sector since 2005 and has extensive experience with both exploration companies and office management.

Western Pacific Resources Corp. Announces Positive Results from its Ongoing Diamond Drill Program at the Deer Trail Mine, Located in Piute County, Utah

Western Pacific Resources Corp. announced positive results from its ongoing diamond drill program at the Deer Trail Mine, located in Piute County, Utah. On August 20, 2014, a total of 14 holes of a 50 hole program had been completed. These 14 holes consist of 4,052 feet of drilling from two underground drill stations and include grades up to 88.8 g/t gold, 5,180 g/t silver, 15% zinc and 10.6% lead. The project contains several structural blocks and there is insufficient data from the existing drilling pierce points to accurately calculate true thickness at this time. The current drill program is focused in the 3400 area of the mine, and drilling is being performed from the main PTH haulage tunnel. The long section diagram below shows the PTH tunnel and the interpreted orientation of the mineralization. This area was in production intermittently from 1945 to 1962 and again in 1981. Average reported grades from available historical production were 0.171 ounce per ton gold, 11.61 ounce per ton silver, 2.96% lead and 7.45% zinc. 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. The drill program has identified seven stacked manto layers while historic mining focused on only one, Manto S4. Drilling to date into Manto S4 confirms the existence of high grade mineralization and the structure is open in all directions. While past mining on S4 was primarily below the main haulage tunnel, Western Pacific's drilling into this structure from Station 2 targeted the structure above the main tunnel and shows it to be open in that direction. Manto S6, which was not explored or mined historically, has also intersected significant mineralization. The Company's first hole (DT14-01) into S6 returned high grade values of 0.812 g/t gold, 494 g/t silver, 17.95% zinc and 3.9% lead over an interval of 4.5 feet. The entire program when completed will consist of approximately 50 holes and over 18,000 feet from five underground stations. To date, 21 holes and over 7,500 feet from three underground stations have been completed and the Company continues to be pleased with progress. The objective of the drilling is to define a Mineral Resource that will allow the Company to better evaluate the strategy for putting the mine back into production. Core recovery in these holes were averaging greater than 99%. Industry standard QA/QC programs are carried out and maintained on the DTM 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. 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.

 

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