Western Pacific Resources Corp. Reports Final Assays of 2014 Drill Program
Apr 9 15
Western Pacific Resources Corp. reported 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 high 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. 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.
Western Pacific Resources Corp. Announces Completion of Diamond Drill Program at Deer Trail Mine, Located in Piute County, Utah
Jan 5 15
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
Oct 27 14
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.