La Quinta Resources Welcomes Peter Olander to the Board
May 11 2011 - 9:00AM
Marketwired
La Quinta Resources Corporation (TSX VENTURE: LAQ)(FRANKFURT: LQK)
("La Quinta"), is pleased to announce the appointment of Peter
Olander, M.Sc., to the Board of Directors. Mr. Olander, a
professional geologist with 33 years in minerals exploration and
development, specializes in project and operations management in
the mining and mineral exploration sectors. He has advised several
major mining companies in geologic and economic evaluations,
including acquisition of projects or business units demonstrating
economic viability as well as evaluation of country risk in
international work.
Glen Watson, CEO of the Company stated: "La Quinta is very
fortunate to have attracted such a talented mining professional to
join our team as an Independent Director to the Board. We look
forward to Mr. Olander's assistance as the Company develops its
gold and silver and copper projects in Nevada, USA and British
Columbia, Canada."
Pursuant to the Stock Option Plan as approved by shareholders at
the last Annual General Meeting, La Quinta announces the granting
of 350,000 incentive stock options to Peter Olander. The options
vest immediately and are exercisable at CAN$ 0.10 for a term of
five years. The granting of the said options is subject to
acceptance by the applicable securities regulatory agencies.
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, silver and copper on its Easter and Black Jack properties in
Nevada and on Carruthers Pass, British Columbia. 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. The
Carruthers Pass property is a massive sulfide project with copper,
gold and silver located 70km south of Kemess copper-gold mine. The
project consists of 8 claims covering 3,250 hectares. No resources
have been indentified in either Black Jack or Carruthers Pass
properties.
On behalf of the board
Glen Watson, CEO and Director
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
"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: La Quinta Resources Corp. Glen Watson CEO and Director
1(604) 803-5229 / 1(604) 684-4653 info@laquintaresources.com
www.laquintaresources.com