West Cirque Commences Drilling Castle Porphyry Project

Vancouver, B.C., July 19, 2013; West Cirque Resources Ltd. (WCQ: TSX.V) has begun its Phase II diamond drilling program at the Castle Copper-Gold-Silver (Cu-Au-Ag) Porphyry Project, northwestern B.C. The primary goal of the program is to test a 400 by 1500 meter long coincident magnetic and chargeability high outlined in September 2012 following Phase I drilling. The central core of the anomaly underlies an outcropping zone of quartz-magnetite-chalcopyrite stockwork mineralization in monzodiorite porphyry, discovered in late August 2012. In addition to the drill program, mapping and sampling will be carried out in order to better define geological controls and to outline additional targets within the 5.5 kilometer long Castle porphyry system.

The Castle project is 10 kilometers west of Highway 37 and 68 kilometers south of Dease Lake. The Castle porphyry system is located in the prolific Triassic-Jurassic Northern Stikine porphyry belt, 25 kilometers northwest of the Imperial Metals' Red Chris copper-gold deposit, 17 kilometers north of the GJ copper-gold porphyry and 15 kilometres west of Colorado Resources' recent porphyry discovery at North Rok.

The Castle program is being funded by Freeport-McMoRan Corporation of Canada Limited ("Freeport"), a wholly owned, indirect subsidiary of Freeport-McMoRan Copper & Gold Inc., as part of an Earn-In Agreement to explore West Cirque's Castle, Tanzilla and Pliny properties in northwestern British Columbia. Freeport can earn an initial 51% interest in the Properties by funding cumulative expenditures of $8,000,000 over a four-year period, including $1,500,000 of Mandatory Expenditures prior to December 28, 2014. West Cirque is the operator under the agreement for the 2013 program.

The 1034 hectare Castle project comprises two properties, the 431 hectare, 100% West Cirque owned Castle East property, and the 603 hectare Castle West property under option from Bearclaw Capital Corp.

West Cirque's disclosure of a technical or scientific nature in this news release has been reviewed and approved by John Bradford, M.Sc., P.Geo. and V.P. Exploration and Director for West Cirque Resources, who serves as a Qualified Person under the definition of National Instrument 43-101.

About West Cirque Resources Ltd.

West Cirque is a mineral exploration company focused on creating shareholder wealth by identifying, acquiring and defining resources in world class precious and base metal projects in the North American Cordillera.

West Cirque Resources Ltd.

Steve Vanry, CFA

President

(604) 558-4604

svanry@westcirqueresources.com

www.westcirqueresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains certain "forward-looking statements", as defined in the United States Private Securities Litigation Reform Act of 1995, and within the meaning of Canadian securities legislation. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change, except as required by law. There are numerous risks and uncertainties that could cause actual results and West Cirque's plans and objectives to differ materially from those expressed in the forward-looking information. The reader is urged to refer to the Company's public disclosure which is available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.

West Cirque Resources Ltd (TSXV:WCQ)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024