White Pine Resources Exploration Update
September 16 2010 - 12:51PM
Marketwired
White Pine Resources Inc. (TSX VENTURE: WPR), is pleased to provide
an exploration update on it's MZ Property located in the Boston
Creek gold mining district, located south of Kirkland Lake. Nine
diamond drill holes were recently completed totalling 1,394m
covering various IP anomalies outlined during a winter geophysical
survey. Results of the diamond drilling are tabled below:
------------------------------------------------------------------------
Drilled
Hole No. UTM N UTM E AZI DIP Au g/t Interval From To
------------------------------------------------------------------------
------------------------------------------------------------------------
MZ10-1 5317820 586095 90 -45 2.00 0.6 142.8 143.4
------------------------------------------------------------------------
MZ10-2A 5317812 586264 270 -45 NSA
------------------------------------------------------------------------
MZ10-3 5318185 586804 300 -45 1.28 0.7 97.1 97.8
------------------------------------------------------------------------
MZ10-4 5318345 586844 300 -45 1.66 1.5 93.5 95.0
------------------------------------------------------------------------
0.34 8.1 220.9 229.0
------------------------------------------------------------------------
MZ10-5 5318405 586771 300 -45 0.98 7.5 156.0 163.5
------------------------------------------------------------------------
MZ10-6 5318384 586668 315 -45 0.89 4.5 34.5 39.0
------------------------------------------------------------------------
MZ10-7 5318347 586614 300 -45 0.55 3.0 27.0 30.0
------------------------------------------------------------------------
MZ10-8 5318521 586574 320 -45 NSA
------------------------------------------------------------------------
MZ10-9 5317727 586071 270 -65 1.75 1.4 43.6 45.0
------------------------------------------------------------------------
NSA (No significant assays)
The 'MZ Property' consisting of 608 hectares was acquired from
two local prospectors for considerations of cash and shares. White
Pine has the option to earn 100% of the property through
exploration expenditures over a 4 year period. A 2% NSR has been
retained by the prospectors with the option of 1% being purchased
by White Pine for $1 million.
The Boston Creek gold mining district has had sporadic gold
production from 5 gold mines dating back to 1918. The 'MZ Property'
lies adjacent to and in between two former producers, the
Cathroy-Larder Mine and the Gold Hill Mine. The Cathroy-Larder
Mine, now owned by Mirado Nickel, has extensive underground
workings to the 500 vertical foot level and has had open pit
production in the past.
"The initial drilling program on the MZ Property intersected
wide intervals of silification and carbonatization associated with
disseminated pyrite. We are encouraged by the initial phase of
drilling and results received to date," states Mike Kilbourne,
P.Geo and President of White Pine Resources. Additional work is
anticipated for 2011.
On-site Quality Assurance/Quality Control Measures
All samples have been shipped to ACTLABS preparation laboratory
in Timmins, Ontario, with analyses performed in the ACTLABS
laboratory in Thunder Bay, Ontario. All core samples were selected
by Mike Kilbourne, P.Geo., site geologist, and were cut in half by
diamond core saw. Individual samples were labelled, placed in
plastic sample bags and sealed. Groups of samples were then placed
into durable rice bags, sealed and placed in sealed plastic pails
for shipping. The remaining coarse reject portions of the samples
remain in storage at the ACTLABS preparation laboratory storage
facility in Timmins 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 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,
Quebec and British Columbia.
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
Westchester, 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 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: 23,342,659
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 Inc. John Tait Chief Executive
Officer (416) 628-5905 (416) 628-5911 (FAX) jtait@347bay.com
www.wprres.com
Canpr Technology (TSXV:WPR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Canpr Technology (TSXV:WPR)
Historical Stock Chart
From Jul 2023 to Jul 2024