La Quinta Resources Announces Drill Program on its Easter Project

La Quinta Resources Corporation (TSX VENTURE:LAQ)(FRANKFURT:LQK) ("La Quinta" or
"The Company") is pleased to announce that it has applied for drilling permits
for its Easter project located 110 miles NE of Las Vegas in SE Nevada. The
approval of the Notice of Intent is pending review by the Caliente office of the
Bureau of Land Management and acceptance of reclamation bonding.


La Quinta proposes to drill approximately 11,000 ft (3,385 m) of reverse
circulation percussion drilling and diamond drilling in 23 drill holes sited in
2 zones at Easter. The primary work will be infill drilling downdip of the
existing NI43-101 compliant indicated resource containing 101,000 oz gold and 1M
oz silver. Twenty holes are planned for this targeted area. 


The second zone is the recently discovered outcrop found to contain as much as
10 g/t gold and 70 g/t silver. This area, which appears to contain a discrete
shoot of higher grades of mineralization on the West Vein, has never been
drilled previously. La Quinta plans to drill 3 exploratory holes on this area to
determine orientation of the mineralization as support for a subsequent detailed
drilling program.


La Quinta has contracted with Leach Drilling of Silver Springs, NV to perform
both the percussion and the diamond drilling for this phase of work on the
Easter project. 


The information contained in this news release has been reviewed, approved and
deemed relevant by Walter Martin (President of the Company) C.P.G., a qualified
person as defined under National Instrument 43-101.


About La Quinta Resources Corporation

La Quinta is a junior precious metals exploration company actively seeking
mineral opportunities for the benefit of our stakeholders. Currently the Company
is focused on exploring for gold and silver on its Easter Project and Black Jack
properties in Nevada. The Easter Project is underlain by an epithermal
quartz-adularia vein stockwork system hosted within Tertiary volcanic rocks of
the Caliente Caldron Complex of southeastern Nevada. Numerous drill programs
were conducted over the past 27 years by several operators. The resultant 121
holes and five adits were used to outline a 43-101 compliant resource of 2.6
million tons at 1.3 g/t gold (0.038 oz/t) and 14 g/t silver (0.4 oz/t) within an
area of gold mineralization with a strike length of at least 6,450 feet (1,966
m) and drill-defined widths up to 90 feet (27.4 m). Significant prior intercepts
include up to 0.194 oz. Au / ton over 90 feet (6.6 g/t over 27.4m true
thickness) (including 0.549 oz. Au / ton over 15 feet (18.8 g/t over 4.5m)) and
0.084 oz. / ton over 110 feet (including 0.534 oz. Au / ton over 5 feet) (2.88
g/t over 33.5 m w/internal 18.3 g/t in 1.52 m). The Black Jack property, an
early-stage exploration target in NE Nevada, consists of old mine workings that
contain silver-gold-base metals veins hosted in Ordovician limestones that
overlie nearby Cambrian shale. No resource has been identified on this property.


On behalf of the board

Glen Watson, CEO and Director

La Quinta Resources Corp.

This document includes forward-looking statements. When used in this document,
the words "potential", "plan", "could", "estimate", "expect", "intend", "may",
"should", and similar expressions are intended to be among the statements that
identify forward-looking statements. Although La Quinta believes that their
expectations reflected in these forward-looking statements are reasonable, such
statements involve risks and uncertainties and no assurance can be given that
actual results will be consistent with these forward-looking statements.


SEC 12G file#82-35061

La Quinta Resources Corporation (TSXV:LAQ)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024