La Quinta Resources Announces Panel Sampling of 1700 g/t Silver at BlackJack
December 06 2010 - 8:30AM
Marketwired Canada
La Quinta Resources Corporation ("La Quinta" or "The Company") (TSX VENTURE:LAQ)
is pleased to announce historical sampling results from its BlackJack project
located in northeastern Nevada. BlackJack meets La Quinta's business model of
expanding a small high grade past producer to a modest producer:
-- Blackjack claim area has 3,500 ft of veins' strike known at surface.
-- There is 1,200 ft of strike length opened up from past production.
-- Veins widths vary from one foot to twenty feet.
-- Past production was from small selective mining by hand for direct
shipping to a Utah smelter with shipping records showing values of 430
oz/ton silver and 30% lead.
-- As the potential processing plant would not use cyanide, permitting will
be less complicated.
-- Nevada is mining friendly and the work force nearby from Elko and Carlin
is a source of capable underground miners.
The property owners recently provided La Quinta with results from reconnaissance
sampling performed in 2001 and 2007 that confirms the occurrence of high grade
silver and lead grades indicated by past direct shipping material from the 1,200
ft of old workings. These values are naturally no indication of a modern mining
operation, but do confirm the strength of the mineralized system at this upper
level of the system. Samples were taken both from underground workings and from
surface veins and the limestone host rocks. All samples were analyzed at ALS
Chemex Laboratories in its Reno Nevada and Vancouver BC facilities. Assay
certificates are available in the files, as are assay pulps and coarse fraction
rejects. No standards or duplicates were included by the owners due to the small
sample population, but the laboratory implements its own internal QA/QC program
in compliance with industry standards.
SAMPLE Au Au Ag Ag Cu Pb Zn Sb SAMPLE
NUMBER g/t Oz/st g/t oz/st % % % % DESCRIPTIONS
--------------------
1-072807 0.046 0.001 419 12.2 0.083 6.38 2.19 0.2 Quartz-calcite-
galena-tetrahedrite
veins, 2ft x 4ft
panel. Surface.
--------------------
2-072807 0.099 0.003 1010 29.5 0.027 11.6 5.18 0.06 Quartz-calcite-
galena-tetrahedrite
veins. Surface. 2ft
x 4ft panel.
--------------------
3-072807 0.02 0.001 153 4.5 0.002 2.8 2.27 0.03 Quartz-calcite vein.
200' above Main
Portal. Surface;
chips taken across
6ft x 11/2 ft.
--------------------
4-072807 0.07 0.002 569 16.6 0.159 0.877 0.68 0.06 Stockwork quartz-
calcite veins,
prospect pit btwn
Main Portal & West
Adit. Surface.
Representative
composite of veins
and wallrock.
--------------------
5-072807 2.35 0.069 338 9.9 0.186 5.1 1.3 0.23 3 composite 1ft x
2ft panels at West
Adit portal. Surface
samples.
--------------------
BJS #1 0.098 0.003 131 3.8 0.002 2.35 0.72 0.24 Shrinkage stope
stockpile@ end of SE
drift;
representative slope
sample.
--------------------
BJS #3 0.184 0.005 1700 49.6 0.002 22.5 0.78 0.09 Banded quartz-galena
vein. #2 West
stope; pillar;
3'x4.5' panel.
Replicate of 2001-2.
--------------------
BJS #4 0.022 0.001 571 16.7 0.008 3.83 1.3 0.13 Chips from 3
parallel veins 1ft -
4ft wide x 10 ft
long. Surface, SE
part of property.
--------------------
2001-1 less less 2679 78.2 0.005 34.9 1.46 0.01 Grab. #1 East Stope.
than than Gob grab.
0.07 0.002
--------------------
2001-2 less less 3087 90.1 0.002 37.7 0.8 0.02 Grab. #2 West stope,
than than pillar/gob grab.
0.07 0.002
--------------------
La Quinta's technical staff is planning detailed sampling over these areas
during the 2011 field season in conjunction with preparation of a technical
report on the property.
CEO Glen Watson said, "We are excited to continue work on this project. The
grades of mineralization found here to date indicate that BlackJack will become
a valuable property for La Quinta over the next few years. Winter conditions
have closed access to the property for the 2010 field season. La Quinta remains
active on its flagship Easter project through the winter months."
The information contained in this news release has been reviewed, approved and
deemed relevant by Walter Martin, C.P.G., a qualified person as defined under
National Instrument 43-101 and president of La Quinta.
About La Quinta Resources Corporation
La Quinta is a junior precious metals exploration company actively seeking
mineral opportunities for the benefit of our stakeholders. Currently the Company
is focused on exploring for gold and silver on its Easter Project and Black Jack
properties in Nevada. The Easter Project is underlain by an epithermal
quartz-adularia vein stockwork system hosted 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. The resultant 121
holes and five adits were used to outline a 43-101 compliant resource of 2.6
million tons at 1.3 g/t gold (0.038 oz/t) and 14 g/t silver (0.4 oz/t) within an
area of gold mineralization with a strike length of at least 6,450 feet (1,966
m) and drill-defined widths up to 90 feet (27.4 m). Significant prior intercepts
include up to 0.194 oz. Au / ton over 90 feet (6.6 g/t over 27.4m true
thickness) (including 0.549 oz. Au / ton over 15 feet (18.8 g/t over 4.5m)) and
0.084 oz. / ton over 110 feet (including 0.534 oz. Au / ton over 5 feet) (2.88
g/t over 33.5 m w/internal 18.3 g/t in 1.52 m). The Black Jack property, an
early-stage exploration target in NE Nevada, consists of old mine workings that
contain silver- gold-base metals veins hosted in Ordovician limestones that
overlie nearby Cambrian shale. No resource has been identified on this property.
On behalf of the board
Glen Watson, CEO and Director
La Quinta Resources Corp.
This document includes 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