La Quinta Resources Commences Drilling at Easter Project, NV
June 16 2011 - 11:00AM
Marketwired
La Quinta Resources Corporation (TSX VENTURE: LAQ)(FRANKFURT: LQK)
("La Quinta" or "The Company") is pleased to announce that drilling
has commenced on its Easter Project in S.E. Nevada.
La Quinta plans to drill 11,000 ft (3,350 m) of reverse
circulation percussion and diamond drilling in 23 drill holes sited
downdip of the outcrop of the Main Vein at Easter, and in the West
Vein Extension area. Management anticipates hole depths will
average 500 ft (150 m).
"Management closed its recent financing with a view to
commencing this exploration phase at Easter. We are very pleased
that we mobilized our crew in short order," comments CEO Glen
Watson, "The drilling will allow us to further explore the downdip
zone that currently hosts a 43-101 compliant indicted resource
containing 101,000 oz. gold and 1,000,000 oz. silver. We will also
drill west of the resource where a 10 g/t gold outcrop was found
earlier this year."
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.
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,
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 identified 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 Corporation Glen Watson CEO and
Director 1(604) 803-5229 La Quinta Resources Corporation Ed Baer
Director 1(416) 804-0512 La Quinta Resources Corporation 1(604)
943-1199 info@laquintaresources.com www.laquintaresources.com