La Quinta Acquires Historical Data on its Easter Project in Nevada
April 22 2010 - 10:32AM
Marketwired
La Quinta Resources Corporation (TSX VENTURE: LAQ) ("La Quinta"),
is pleased to announce that it has completed the purchase of
historical data developed on its Easter project in Lincoln County,
Nevada from former owners and other sources. The data consists of
multiple file boxes of assays, sample maps, geologic maps, and
geophysical surveys, in addition to data from 121 drill holes
including lithologic logs, assays and core. Most of the data has
been digitized and include a GEMCOM model of the historic data.
Based on examination of the data, La Quinta has expanded the
claim position acquired from Nevada Eagle Resources LLC from 20
lode claims to 70 lode claims in preparation for work during the
2010 field season. La Quinta believes that its claim position,
approximately 1,446 ac (585 ha), now covers the entirety of the
Easter epithermal gold-silver vein system.
La Quinta has engaged Applied Geosciences LLC of Reno, Nevada,
to analyze and to update the GEMCOM model of the historical
drilling to bring those modeling results into compliance with
current NI 43-101 standards. Previous resource calculations not
compliant with NI 43-101 by Homestake Mining (as reported by former
JV partner World Wide Minerals on June 20, 1994) indicated a near
surface historic resource of 3.35 million tons grading 0.065 ounces
per ton gold (218,000 gold ounces) to depth of 200 feet. Subsequent
drilling (84 holes) has also shown the system is open at depth and
along strike; these later results will be incorporated into the
updated model being prepared currently.
About La Quinta Resources Corporation
La Quinta is a junior exploration company actively seeking
mineral opportunities for the benefit of all our stakeholders.
Currently the Company is focused on exploring for gold and silver
on its Easter Project and Black Jack property in Nevada. The Easter
Project is underlain by a quartz-adularia vein stockwork system
within Tertiary volcanic rocks of the Caliente Caldron Complex of
southeastern Nevada. Numerous drill programs were conducted over
the past 27 years by several operators and 121 holes outlined an
area of gold mineralization with a strike length of at least 6,450
feet and widths up to 90 feet. Significant prior intercepts include
up to 0.194 oz. Au / ton over 90 feet (including 0.549 oz. Au / ton
over 15 feet) and 0.084 oz. / ton over 110 feet (including 0.534
oz. Au / ton over 5 feet).
A qualified person has not done sufficient work to classify the
historic resource estimate as current mineral resources or to
verify the analytical work as reliable. These do not meet current
43-101 standards and are presented here only as an indication of
the amount of gold mineralization.
On behalf of the board,
Glen Watson, CEO and Director
This document includes forward-looking statements.
Forward-looking statements. When used in this document, the words
"potential", "plan", "could", "estimate", "expect", "intend",
"may", "should", and similar expressions are intended to be among
the statements that identify forward-looking statements. Although
La Quinta believes that their expectations reflected in these
forward-looking statements are reasonable, such statements involve
risks and uncertainties and no assurance can be given that actual
results will be consistent with these forward-looking
statements.
SEC 12G file#82-35061
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Investor Cubed Inc. Neil Simon (647) 258-3310 or (888)
258-3323 (416) 363-7977 (FAX) nsimon@investor3.ca La Quinta
Resources Corp. Glen Watson CEO and Director 1 (604) 803-5229 or 1
(604) 684-4653 info@laquintaresources.com
www.laquintaresources.com