The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from TheNewswire.ca

West Cirque Provides IP Results and Update on Castle Copper/Gold Project

Wednesday, November 28, 2012

West Cirque Provides IP Results and Update on Castle Copper/Gold Project 05:30 EST Wednesday, November 28, 2012(via Thenewswire.ca) Vancouver, B.C., November 28, 2012; West Cirque Resources Ltd. (WCQ: TSX.V) has received the results of an Induced Polarization (IP) survey completed at its Castle Porphyry Cu-Au Project in northern British Columbia. The survey has identified a significant IP chargeability anomaly coincident with a magnetic high outlined by an earlier ground magnetic survey (see news release September 11, 2012). The inverted chargeability 250 meter depth plan outlines a +12.5 mV/V anomaly (chargeability high) with a strike length of 1700 meters and a width of up to 450 meters. The IP survey was carried out by Scott Geophysics Ltd. of Vancouver from September 4th to 17th, 2012. The coincident magnetic/chargeability anomaly is untested over a 1.3 kilometer strike length southeast of drill hole CA12-02, with the exception of CA12-04, which was collared near the northern edge of the anomaly and drilled away from it. CA12-04 intersected variable potassium feldspar flooding and quartz-magnetite-chalcopyrite vein mineralization near the top of the hole which averaged 0.20% copper (Cu) and 0.43 grams per tonne gold (g/t Au) over 14 meters (12-26 meters). The central core of the anomaly underlies an outcropping zone of quartz-magnetite-chalcopyrite stockwork mineralization in monzodiorite porphyry. Following the completion of the IP survey, additional mapping and sampling near the east end of the IP grid outlined a zone of copper mineralization (Nichol Zone) over a strike length of 200 meters. The zone crops out on a ridge 800 meters southeast of and 150 meters elevation higher than the easternmost 2012 drill hole (CA12-05). Disseminated chalcopyrite and quartz-carbonate-chalcopyrite veins occur in monzodiorite porphyry and monzonitic clasts in an intermediate tuff breccia. Rock samples from the zone have returned consistently elevated copper values: --------------------------------------------- |Sample |Northing|Easting|Cu %|Au g/t|Ag g/t| |-------------------------------------------| |399175 |6407971 |428908 |1.89|0.189 |6.3 | |-------------------------------------------| |399167 |6407968 |429080 |0.96|0.008 |2.2 | |-------------------------------------------| |399168 |6407980 |429113 |0.47|0.029 |2.6 | |-------------------------------------------| |399170 |6407949 |429090 |0.83|0.015 |2.7 | |-------------------------------------------| |836951 |6407967 |429042 |0.59|0.060 |1.4 | |-------------------------------------------| |836952 |6407973 |428991 |0.42|0.012 |1.0 | |-------------------------------------------| |836953 |6407971 |428999 |0.75|0.010 |2.0 | |-------------------------------------------| |836954 |6407961 |428999 |0.08|0.007 |0.4 | |-------------------------------------------| |Average|  |  |0.75|0.041 |2.3 | --------------------------------------------- Sample numbers beginning with 399 are from Taiga Consultants (Assessment Report 27737, 2004); sample numbers beginning with 836 are West Cirque, 2012. Approximately 70 to 100 meters north of the Nichol Zone, gold mineralization is associated with a zone of structurally controlled quartz-sericite-pyrite alteration and quartz-carbonate-sulfide veins. Historical chip samples from an outcrop with reported visible gold (Teck, Assessment Report 16897, 1987) assayed 39.6 g/t Au, 3.4 g/t silver (Ag) and 0.08% Cu over 0.4 meters and 4.8 g/t Au, 5.8 g/t Ag and 0.11% Cu over 0.6 meters. About 100 meters west of this outcrop Teck reported a talus float sample assaying 5.8 g/t Au, 16.5 g/t Ag and 0.27% Cu. Approximately 375 meters west of and downslope from this sample West Cirque in 2011 sampled talus float of quartz-carbonate-sulfide veining in intermediate tuff which returned 3.69 g/t Au, 2.4 g/t Ag and 0.07% Cu. The Castle project comprises ten claims (1034 hectares) including seven 100% West Cirque owned claims (431 hectares) and three claims (603 hectares) under option from Bearclaw Capital Corp. The project is located 10 kilometers west of Highway 37 and 68 kilometers south of Dease Lake. The project is 25 kilometers northwest of the Red Chris copper-gold porphyry deposit and 17 kilometers north of the GJ copper-gold porphyry. Prior to the ground magnetic and IP surveys, Phase I drilling in June-July 2012 intersected broad zones of gold-copper mineralization in monzodiorite porphyry over a strike length of 1000 meters, open in all directions. The geophysical surveys provide important information on the subsurface extent of the porphyry system and distribution of magnetite bearing copper-gold mineralization which will be used in targeting Phase II drill holes. West Cirque's rock samples were analyzed at Acme Analytical Laboratories in Vancouver. Acme's Quality Management System is compliant with the ISO 9001 Model for Quality Assurance and ISO/IEC 17025 General Requirements for the Competence of Testing and Calibration Laboratories. Samples were analyzed for gold by fire assay fusion with AAS finish, and for 30 elements including copper and silver by ICP using aqua regia digestion. 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, and who supervised the 2012 exploration program and sampling protocols at Castle. 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. Copyright (c) 2012 Thenewswire.ca - All rights reserved.