WMR-TSX.V
WMRSF-OTCQX
VANCOUVER, Jan. 30, 2013 /CNW/ - Westminster Resources Ltd.
("the Company") has received from Mexican government environmental
regulators a letter of permission to conduct its 2013 diamond drill
exploration program at the Cumbral-San Bartolo project in
Sonora, Mexico. The drill
program is scheduled to commence in early February.
The Exploration Management Committee for
Westminster Resources Ltd and Capstone Mining Corp has planned a
5,400 meter drill program. The initial drill target will be the
recently discovered Montoso IP chargeability anomaly. This
multiple square kilometre scale target exhibits porphyry deposit
style alteration and mineralization patterns.
The extensive 2012 exploration program at the
Cumbral-San Bartolo project included 3D-IP and ground magnetic
geophysical surveying, soil and rock sampling, geological mapping
and prospecting over a 219 line kilometer grid. Results included
widespread discovery of copper-gold-silver mineralization in
geological environments ranging from veins to porphyry-style
targets. Pervasive iron-oxide and sericite-clay alteration
zones have been located, often associated with the development of
leached caps in the Montoso area.
Westminster and
Capstone Mining Corp. are exploring the Cumbral-San Bartolo
property whereby Capstone has the right under an Option Agreement
to earn a 70% interest by funding a minimum of $9.3 million CDN in exploration by December 31, 2015 (WMR 12-02, April 17, 2012). Westminster will manage the project with
exploration funding committed by Capstone as part of the earn-in
agreement. The Cumbral-San Bartolo project is a portion of
Westminster's much larger El Cobre
and Navojoa properties located in
Sonora, Mexico.
ON BEHALF OF THE BOARD OF DIRECTORS
WESTMINSTER RESOURCES LTD.
"Glen J. Indra"
About Westminster:
Managed by an experienced exploration team the
Company is focused on exploring and developing prospects on its
28,632 hectare El Cobre and 13,398 hectare Navojoa properties in Sonora, Mexico. The El Cobre property contains
among other prospects, the 100% owned Guayacan prospect and the 8,000 hectare
Cumbral-San Bartolo option project with Capstone Mining Corp. On
the Navojoa property the Company
is exploring gold-silver-copper targets.
This news release may contain forward-looking
information which is not comprised of historical facts.
Forward-looking information involves risks, uncertainties and other
factors that could cause actual events, results, performance,
prospects and opportunities to differ materially from those
expressed or implied by such forward-looking information. Forward
looking information in this news release may include, but is not
limited to, the Company's objectives, goals or future plans.
Factors that could cause actual results to differ materially from
such forward-looking information include, but are not limited to,
those risks set out in the Company's public documents filed on
SEDAR. Although the Company believes that the assumptions and
factors used in preparing the forward-looking information in this
news release are reasonable, undue reliance should not be
placed on such information, which only applies as of the date of
this news release, and no assurance can be given that such events
will occur in the disclosed time frames or at all. The Company
disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by
law. The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this
release.
SOURCE Westminster Resources Ltd.