Press release from TheNewswire.ca
West Cirque Acquires Heath Copper-Gold-Silver Property
Wednesday, October 10, 2012
West Cirque Acquires Heath Copper-Gold-Silver Property05:30 EDT Wednesday, October 10, 2012(via Thenewswire.ca) Vancouver, B.C., October 10, 2012; West Cirque Resources Ltd. (WCQ: TSX.V) has acquired a 100% interest in two mineral claims (829 hectares) comprising the Heath Copper-Gold-Silver (Cu-Au-Ag) Project, located 108 kilometers northwest of Fort St. James in central B.C. The property is located in the prolific Quesnel Trough, 30 kilometers south of the Kwanika deposit (142 million tonnes of 0.31% Cu and 0.29 grams per tonne Au indicated resource) and 74 kilometers northwest of the Mt. Milligan project (482 million tonnes of 0.20% Cu and 0.39 grams per tonne Au proven and probable reserve), presently under development by Thompson Creek Metals. Access to the area from Fort St. James is via the all weather Driftwood Forest Service Road. The Heath Project compliments West Cirque's portfolio of accessible early stage Cu-Au porphyry prospects, including the Castle, Tanzilla and Pliny projects in northwestern B.C. Historical exploration on the property by Amax Exploration in 1969 outlined a 2.0 by 2.4 kilometer copper in soil anomaly (Cu greater than 200 parts per million). In 1989-1991, Teck conducted a program of mapping, soil sampling, geophysics (magnetics, VLF and induced polarization) and diamond drilling (969 meters in ten drill holes). In 2001, the original discoverer of the prospect, Colin Campbell, drilled three short holes (57.7 meters total) on the "A Zone" with a small core barrel (7/8 inch core) portable "X-ray" rig, and for the first time fire assayed rock and core samples for platinum (Pt) and palladium (Pd). Historical work has outlined a central 500 by 1600 meter zone of Cu-Au-Ag mineralization associated with diorite, gabbro, pyroxenite and syenite of the Hogem batholith. Mineralization comprises chalcopyrite-magnetite-pyrite veins, stockworks and disseminations associated with widespread potassium feldspar, epidote, calcite, and hematite alteration. The zone has a subdued topographic and magnetic expression. Soil samples returned maximum values of 4902 parts per million (ppm) Cu, 1.1 grams per tonne (g/t) Au and 27.8 g/t Ag. Two trends of moderately to strongly elevated chargeability within the central mineralized zone were outlined by Teck. These constitute significant untested drill targets: (1) The West Target is 800 meters long and is associated with mineralization exposed in trenches and roadcuts over a strike length of at least 250 meters. Mineralization comprising chalcopyrite, magnetite and rare bornite in veins, stringers, and disseminations is accompanied by zones of hydrothermal breccia and multi-stage quartz-carbonate and carbonate veins. Historical rock chip samples include: 7.46% Cu, 0.823 g/t Au and 28.8 g/t Ag over 0.2 meters, 0.87% Cu, 0.389 g/t Au and 42.7 g/t Ag over 1.0 meter and 6.4% Cu, 1.37 g/t Au and 25.8 g/t Ag over 1.53 meters. In the northern part of the zone, polymetallic sulfides associated with strong carbonate and quartz-carbonate veining have returned very high grade precious metal values, including grab samples assaying up to 4.7 g/t Au, 1341 g/t Ag, 0.76% Cu, 4.06% Pb and 0.82% Zn. (2) The East Target is about 450 meters east of the West Target and is about 750 meters long. Chalcopyrite-magnetite veins have been mapped throughout this trend, returning assays up to 1.09% Cu and 10.7 g/t Ag, and 0.29% Cu, 0.651 g/t Au and 4.3 g/t Ag from grab samples. The 1991 Teck drill program did not test the central mineralized zone. The nearest drill holes to the West Target (91H-4 and 91H-2) were collared 300 meters southwest of the mineralized exposures. Nevertheless, both drill holes intersected broad zones of anomalous copper, including 0.107% Cu over 51.1 meters (18.3-69.4 meters) in 91H-4 and 0.070% Cu over 82.3 meters in 91H-2. A third drill hole (91H-5), collared 300 meters south of 91H-2, intersected 0.071% Cu over 91.4 meters. The three drill holes were inclined either vertically (91H-2) or to the west (91H-4, 91H-5), away from the zone. In 2001, three X-Ray drill holes tested the "A Zone", a mineralized zone approximately halfway between 91H-5 and 91H-2. Historical trench sampling of this zone included chip samples of 3.25% Cu, 1.03 g/t Au and 44.6 g/t Ag over 2.1 meters, and 4.96% Cu, 1.58 g/t Au and 33.6 g/t Ag over 2.2 meters. All three X-Ray holes intersected Cu-Au-Ag mineralization, including 3.15% Cu, 0.362 g/t Au and 22.6 g/t Ag over 1.52 meters in HEX01-01 (17.07-18.59 meters). A third largely untested target is located east of and uphill from the central mineralized zone. This target comprises a zone of highly variable magnetic expression and high chargeability associated with a strong 400 by 500 meter copper in soil anomaly (up to 3671 ppm Cu). A single drill hole (91H-6) collared on the western (downslope) margin of the zone intersected diorite with moderate to intense potassium feldspar-epidote-chlorite alteration. The core was not sampled and the source of the anomaly was not explained. Re-sampling of Teck drill core in 2001 demonstrated that platinum group elements could be significant at Heath. A total of 16 core samples from 91H-4 averaged 0.053 g/t Pt and 0.207 g/t Pd, including two samples averaging 0.283% Cu, 0.149 g/t Au, 0.228 g/t Pt, and 0.793 g/t Pd (1.02 g/t Pt+Pd) over 4.43 meters (26.05-30.48 meters). Several rock samples within 200 meters of 91H-4 also returned anomalous Pt-Pd values, including: 0.019 g/t Pt and 0.211 g/t Pd (HEX-26), 0.049 g/t Pt and 0.208 g/t Pd (HEX-27), 0.103 g/t Pt and 0.188 g/t Pd (HEX-29), and 0.029 g/t Pt and 0.144 g/t Pd (HEX-30). An initial reconnaissance of the Heath property by West Cirque has confirmed the style and strike length of mineralization within the untested West Target. Rock samples taken to verify historical grades are in process. A network of existing cat roads could be utilized to access this area for trenching and drilling. Historical assays have not been verified by West Cirque but have been cited from sources believed to be reliable. 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 firstname.lastname@example.org 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. Copyright (c) 2012 Thenewswire.ca - All rights reserved.