Vancouver, B.C., September 18, 2013; West Cirque
Resources Ltd. (WCQ: TSX.V) has completed its 2013 field
program on the Castle Copper-Gold-Silver (Cu-Au-Ag) porphyry
project, northwestern B.C. Exploration was funded by
Freeport-McMoRan of Canada Limited as part of an Earn-In Agreement
announced on March 4, 2013.
Drill Highlights
CA13-01 100 meters of 0.35 % Cu Eq*
CA13-03 108 meters of 0.43 % Cu Eq*
Including 32 meters of 0.96 % Cu Eq*
Castle West
Phase II drilling at Castle West (under option from Bearclaw
Capital Corp.; see news release of January 4, 2012) consisted of
four drill holes which tested the western part of the porphyry
system over a strike length of 800 meters:
-----------------------------------------------------
|DDH |Easting|Northing|Elevation|Azim|Dip|Length |
|---------------------------------------------------|
|CA13-01|427676 |6408597 |1725 |200 |-60|489.15 |
|---------------------------------------------------|
|CA13-02|427847 |6408527 |1722 |195 |-60|407.93 |
|---------------------------------------------------|
|CA13-03|427969 |6408243 |1795 |040 |-65|524.09 |
|---------------------------------------------------|
|CA13-04|427452 |6408848 |1713 |215 |-60|438.41 |
|---------------------------------------------------|
| | | | | | |1859.58|
-----------------------------------------------------
Drill holes CA13-01 and CA13-02 targeted a 600 by 250 meter
coincident magnetic and chargeability high outlined in 2012. Both
drill holes intersected significant intervals of monzodiorite
porphyry with strong potassic (K-feldspar-magnetite) alteration and
quartz-magnetite-chalcopyrite veining. Widespread copper and gold
values include:
-CA13-01 - 0.10% Cu and 0.28 grams per tonne (g/t) Au over 274
meters (14-274 meters), including 0.12% Cu and 0.40 g/t Au over 52
meters (140-192 meters), and
-CA13-02 - 0.11% Cu and 0.36 g/t Au over 36 meters (58-94
meters).
CA13-01 also intersected a deeper Cu-Au zone associated with
potassic alteration (0.15% Cu and 0.41 g/t Au over 26 meters,
456-482) near the bottom of the hole.
CA13-03 stepped out 300 meters southeast of CA13-02, targeting
the western edge of a 200 by 600 meter magnetic low which is also
coincident with the chargeability high. Phase I drill hole CA12-05
previously tested the northwest side of this mag low, intersecting
significant gold and copper-gold mineralization, including 1.02 g/t
Au over 34 meters (70-104) and 0.10% Cu and 0.45 g/t Au over 20
meters (210-230). CA13-03 resulted in the discovery of higher grade
Cu-Au-Ag mineralization associated with strong phyllic alteration
and polyphase quartz-chalcopyrite-pyrite veining. This includes two
intervals:
-2.14% Cu, 4.88 g/t Au and 73.2 g/t Ag over 4 meters (154-158),
and
-0.13% Cu, 1.28 g/t Au, 2.2 g/t Ag over 32 meters (308-340),
including 0.40% Cu, 3.83 g/t Au, and 11.1 g/t Ag over 4 meters
(314-318).
Overall the lower interval is in a broader zone of strongly
elevated gold and copper (e.g. 0.53 g/t Au and 0.08% Cu over 108
meters, 232-340) which contains widespread early quartz-magnetite
veining and a variable magnetite destructive phyllic overprint.
Orientation and true thickness of the higher grade sections is
unknown because of the wide drill hole spacing, but higher grade
sulfide rich veins are commonly oriented at 20-50 degrees to the
core axis.
CA13-04 stepped out 230 meters northwest of CA12-02 to test the
western limits of the porphyry system. Together with CA12-01 the
drill hole limits the system near the west side of the Castle West
property to relatively narrow mineralized intervals (e.g. 0.13% Cu,
0.75 g/t Au over 10 meters, 238-248).
The Castle porphyry system is open to the east, as the
easternmost drill holes CA12-05 and CA13-03 contain the highest
grade gold and copper intersected to date, with individual 1 meter
assays up to 10.15 g/t Au and 5.0% Cu. The intense phyllic
alteration and sulfide veining in these holes is associated with a
coincident magnetic low and chargeability high which remains
untested over 800 meters of strike length between CA12-05 and the
copper-rich Nichol Zone (see news release November 28, 2012).
Although much of this target area is covered by volcanics and
extensive talus, rock grab and chip samples have returned the
following values:
-M458591 - 0.91 g/t Au, 11.1 g/t Ag, 14 ppm Cu (intense
silica-pyrite alteration)
-J486095 - 3.69 g/t Au, 2.4 g/t Ag, 0.07% Cu (quartz-limonite
stockwork in lapilli tuff)
-M458593 - 10.75 g/t Au, 17.7 g/t Ag, 0.26% Cu (sintery quartz,
limonite boxwork cut by clear quartz veinlets)
-39.6 g/t Au, 3.4 g/t Ag and 0.08% Cu over 0.4 meters (Teck,
1987)
-4.8 g/t Au, 5.8 g/t Ag and 0.11% Cu over 0.6 meters (Teck,
1987)
-5.8 g/t Au, 16.5 g/t Ag and 0.27% Cu (Teck, 1987)
Castle East
Reconnaissance mapping on West Cirque's 100% owned Castle East
property has outlined an outcropping zone of altered monzodiorite
to monzonite porphyry at least 600 meters in strike length near the
valley bottom. Many of the porphyry outcrops have undergone intense
quartz-sericite-pyrite (QSP) alteration which represents the
eastern extension of the phyllic zone on the west side of the
ridge, discussed above. Limited rock sampling from this zone
returned the following anomalous values:
-M458618 - 0.72 g/t Au, 1.6 g/t Ag, 66 ppm Cu (strong
silica-pyrite to QSP alteration)
-M458619 - 0.08 g/t Au, 1.0 g/t Ag, 848 ppm Cu (chlorite-pyrite
to silica-pyrite altered monzonite, 3% clotty pyrite, trace
chalcopyrite)
-M458620 - 0.07 g/t Au, 0.4 g/t Ag, 1300 ppm Cu
(quartz-calcite-pyrite-chalcopyrite veins, intense
chlorite-calcite-pyrite altered volcanics)
-M458623 - 1.24 g/t Au, 1.2 g/t Ag, 390 ppm Cu (green
chlorite-sericite-pyrite-calcite altered monzonite, calcite
veinlets, pyrite-chalcopyrite stringers and disseminated)
The presence of strong, widespread porphyry style alteration
associated with strongly anomalous copper and gold values
represents a significant untested target at Castle East.
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. 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' North Rok
discovery.
The Castle program is being funded by Freeport-McMoRan 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 in the first 18 months. West
Cirque is the operator under the agreement for the 2013
program.
Core samples were prepared at West Cirque's core logging
facility in Iskut, B.C. and samples were shipped to ALS Minerals'
preparation lab in Terrace, B.C. Samples were analyzed at ALS's ISO
9001:2008 certified North Vancouver laboratory for gold by fire
assay and ICP-AES, and for 35 elements including copper, molybdenum
and silver by ICP-AES using an aqua regia digestion. Blanks,
standards and duplicate samples were inserted into the sample
sequence with a ratio of approximately one sample out of
twenty-five. The 2013 drilling program and sampling protocol was
supervised by John Bradford, M.Sc., P.Geo.
Historical assays cited above should not be relied on even
though they have been compiled from sources believed to be
reliable. Grab samples are likely to be representative of higher
grade material and no inference can be made of the average grade of
a larger volume of rock. 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.
2013 Drill Intersections, Castle Project:
---------------------------------------------------------------------
|DDH |From (m)|To (m)|Length (m)|Au g/t|Cu %|Ag g/t|Au |Cu Eq* %|
| | | | | | | |Eq* | |
| | | | | | | |g/t | |
|-------------------------------------------------------------------|
|CA13-01|14 |288 |274 |0.28 |0.10|0.7 |0.46|0.29 |
|-------------------------------------------------------------------|
|incl |14 |38 |24 |0.27 |0.20|1.2 |0.61|0.39 |
|-------------------------------------------------------------------|
|and |92 |192 |100 |0.36 |0.11|0.9 |0.55|0.35 |
|-------------------------------------------------------------------|
|incl |110 |120 |10 |0.81 |0.22|1.8 |1.19|0.75 |
|-------------------------------------------------------------------|
|and |140 |192 |52 |0.40 |0.12|1.1 |0.60|0.38 |
|-------------------------------------------------------------------|
|and |456 |482 |26 |0.41 |0.15|0.6 |0.65|0.41 |
|-------------------------------------------------------------------|
| | | | | | | | | |
|-------------------------------------------------------------------|
|CA13-02|58 |94 |36 |0.36 |0.11|0.5 |0.54|0.34 |
|-------------------------------------------------------------------|
|and |248 |268 |20 |0.44 |0.12|2.6 |0.67|0.42 |
|-------------------------------------------------------------------|
| | | | | | | | | |
|-------------------------------------------------------------------|
|CA13-03|154 |158 |4 |4.88 |2.14|73.2 |9.39|5.93 |
|-------------------------------------------------------------------|
|and |232 |340 |108 |0.53 |0.08|1.2 |0.69|0.43 |
|-------------------------------------------------------------------|
|incl |308 |340 |32 |1.28 |0.13|2.2 |1.52|0.96 |
|-------------------------------------------------------------------|
|and |462 |478 |16 |0.52 |0.10|1.1 |0.70|0.44 |
|-------------------------------------------------------------------|
|and |490 |500 |10 |0.74 |0.04|3.5 |0.86|0.54 |
|-------------------------------------------------------------------|
| | | | | | | | | |
|-------------------------------------------------------------------|
|CA13-04|238 |248 |10 |0.75 |0.13|1.1 |0.98|0.62 |
|-------------------------------------------------------------------|
|and |276 |286 |10 |0.31 |0.12|0.5 |0.51|0.32 |
---------------------------------------------------------------------
* Au Eq (gold equivalent) and Cu Eq (copper equivalent) has been
used to express the combined value of copper, gold and silver as
grams per tonne gold and as a percentage of copper, respectively,
and is provided for illustrative purposes only. No allowances have
been made for recovery losses that would occur in a mining
scenario. Metal equivalent calculations here use metal prices of:
US$3.00/lb. of copper , US$1,300 per troy ounce of gold and US$20
per troy ounce silver using the formulas Au Eq = Au g/t + Cu % *
1.5824 + Ag g/t * 0.0154 and CuEq = Cu % + Au g/t * 0.6319 + Ag g/t
* 0.0097.
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
http://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
http://www.sedar.com/ for a more complete discussion
of such risk factors and their potential effects.
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