White Pine Resources Exploration Update for the 'Ring of Fire'
April 06 2010 - 3:23PM
Marketwired
White Pine Resources (TSX VENTURE: WPR) ("White Pine") is pleased
to report an update on it's exploration efforts on two joint
ventures located in the 'Ring of Fire', James Bay Lowlands.
LUC BOURDON JOINT VENTURE
The White Pine Resources (TSX VENTURE: WPR) ("White Pine),
Noront Resources (TSX VENTURE: NOT) ("Noront") and Golden Valley
Mines (TSX VENTURE: GZZ) ("Golden Valley") Joint Venture Project
has recently completed one hole each at the G1 and G3 anomalies.
These anomalies were selected following positive results from a
2009 spring drilling program (see press release June 26, 2009) and
a ZTEM survey which identified low resistivity anomalies directly
over these zones suggesting that they could also continue
potentially to greater depth (see press release November 3, 2009).
These anomalies were the target of deeper additional drilling in
January and February of this year.
Drill hole G1-10-06, drilled to intersect the massive sulphide
horizon at a vertical depth of 450m, again intersected massive
sulphides from 498.85-506.45m downhole which assayed 1.68 %Zn,
0.35%Cu and 0.18%Pb over 7.60m. Included in this interval from
498.85-503.0m downhole was 2.84%Zn, 0.46%Cu and 0.28%Pb over
4.15m.
Drill hole G3-09-03 drilled to intersect the massive sulphide
horizon at a vertical depth of 550m, again intersected massive
sulphides from 596.12-596.28m which assayed 3.75%Zn, 0.025%Cu and
0.25%Pb over 0.16m.
JAMES BAY LOWLANDS JOINT VENTURE
The White Pine, Metalex Ventures Ltd. (TSX VENTURE: MTX)
("Metalex"), and Arctic Star Diamond Corp.'s (TSX VENTURE: ADD)
("Arctic Star") Joint Venture Project also completed some deep
drilling at the 501 Zn-Cu-Ag discovery (see press release June 4,
2008). Previous drilling on the 501 has outlined a mineralized
envelope 200m along strike and vertically for 275m. Hole DH501-45
targeted the main zone at approximately 650m vertically, but failed
to intersect any significant mineralization.
Anomaly 13-1 was also drilled during the winter campaign. (see
press release November 3, 2009). A mineralized section of
disseminated to stringer pyrite-pyrrhotite between 181.5-187.4m
yielded weakly anomalous Cu and Zn values over 5.9m.
Drill coordinates for the winter program are found in the
following table. Holes DH501-42 and DH501-44 were abandoned due to
excessive deviation.
---------------------------------------------------------
Anomaly Hole No. UTM n UTM e Azi Dip Length
---------------------------------------------------------
---------------------------------------------------------
Luc Bourdon
G1 G1-10-06 5903685 515510 335 -65 727
G3 G3-10-03 5904235 520344 0 -65 735
Metalex JV
501 DH501-42 5901250 522660 270 -82 441
DH501-44 5901250 522660 270 -82 201
DH501-45 5901325 522600 250 -82 762
13-1 DH13-1-1 5857900 551885 120 -60 261
---------------------------------------------------------
The exploration programs were managed by White Pine for the
Joint Venture partners under supervision of Mike Kilbourne, P.Geo,
President, White Pine Resources Inc. Mr. Kilbourne prepared this
release and states, "We remain optimistic the 'Ring of Fire' has
the potential to host significant VMS deposits, and we will
continue to explore this important region. These recently completed
deeper holes will enable us to complete some downhole EM on these
key sulphide horizons".
On-site Quality Assurance/Quality Control Measures
All samples have been shipped to ACTLABS preparation laboratory
in Thunder Bay Ontario. Analyses will be performed in the ACTLABS
laboratory in Ancaster, Ontario. All core samples were selected by
the White Pine site geologist, and were cut in half by diamond core
saw. Individual samples were labeled, placed in plastic sample bags
and sealed. Groups of samples were then placed into durable rice
bags that were secured by project security tags for shipping. The
remaining coarse reject portions of the samples remain in storage
at the ACTLABS preparation laboratory storage facility in Thunder
Bay as required in the event that further work is needed.
Independent Quality Assurance and Quality Control Protocol
A QA/QC program has been implemented to monitor all assays from
the current drilling program. Samples are assembled in numbered
batches of 35 samples. Included in each batch of 35 samples are two
certified reference standards, two laboratory duplicates, one blank
sample comprised of sterile drill core and one core duplicate
sample. This QC program was set up for White Pine Resources by
Tracy Armstrong, P.Geo, of T.J. Armstrong Geological Consulting
Inc. Ms. Armstrong is a qualified geologist in the Provinces of
Ontario and Quebec.
Forward looking statements: Certain information set forth in
this news release may contain forward-looking statements that
involve substantial known and unknown risks and uncertainties.
These forward-looking statements are subject to numerous risks and
uncertainties, certain of which are beyond the control of WPR,
including but not limited to the impact of general economic
conditions, industry conditions, volatility of commodity prices,
risks associated with the uncertainty of resource and reserve
estimates, currency fluctuations, dependence upon regulatory
approvals, the unavailability of future financing and exploration
risk. Readers are cautioned that the assumptions used in the
preparation of such information, although considered reasonable at
the time of preparation, may prove to be imprecise and as such,
undue reliance should not be placed on forward-looking
statements.
Shares Outstanding: 23,292,659
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: White Pine Resources John Tait Chief Executive Officer
(416) 628-5905 jtait@347bay.com www.whitepineresources.ca
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