West Cirque Identifies Untested Porphyry Copper-Gold Target, Snippaker Project, B.C.admin
Vancouver, B.C., January 23, 2014; West Cirque Resources Ltd. (WCQ: TSX.V) reports that compilation of historical data on its Snippaker Project in the Iskut River area, northwestern B.C., indicates that a potentially significant porphyry copper-gold (Cu-Au) target was outlined by previous exploration work. The Snippaker Project, comprising the 285 Hectare Kim 1 claim was acquired by staking in 2013 on the basis of a significant copper-molybdenum anomaly in Regional Geochemical Survey (RGS) data. Subsequently, Colorado Resources Ltd. announced the acquisition of a large claim position adjoining the Kim 1 claim to the south and east, together with an Option Agreement on part of SnipGold’s Iskut Property to the north (see Colorado Resources Ltd. news release, December 20, 2013).
Previous exploration in the Snippaker Project area by Great Plains Development in the mid-1970’s and by Cathedral Gold between 1988 and 1990 outlined two areas of significant mineralization, neither of which has been tested by drilling to date. The Snow Zone is an area of gossanous outcrop and quartz-pyrite-chalcopyrite veining about 1200 meters in diameter. Mineralization occurs in andesites, tuffs and intrusive rocks including granodiorite, quartz monzonite and K-feldspar porphyry. The intrusive rocks are related to the Early Jurassic Lehto pluton. Alteration ranges from propylitic to sericite-pyrite to silica flooding and locally intense quartz-specular hematite. Limited rock sampling by Great Plains in 1974 returned copper values from 0.11% to 3.06%, gold from trace to 2.74 grams per tonne (g/t) and silver from 2.74 to 78.5 g/t. Great Plains concluded that the Snow Zone contains a "significant number of mineralized showing(s)… which are characteristic of porphyry copper-type mineralization" (Great Plains Development, Year End Report, Snippaker Creek Property, October 1974).
Subsequent rock sampling by Cathedral Gold outlined a 300 by 700 meter zone of anomalous gold at higher elevations in the eastern portion of the Snow Zone. Over half of the rock samples in this area returned gold values over 100 parts per billion, including grab samples up to 0.98 g/t and float samples up to 27.26 g/t Au. Despite the conclusion by Cathedral that the Snow Zone remains an "interesting target" no subsequent work has been filed.
The Southeast Zone crops out at lower elevations in a creek gully about 700 meters southwest of the Snow Zone. Mineralization in this area consists of quartz-sulfide veins up to 0.5 meters wide hosted mainly in Lehto granodiorite and K-feldspar porphyry. A series of northeast trending veins sampled by Cathedral Gold (1988 and 1990) across a width of about 170 meters, returned anomalous to very high grade gold values, including 6.2 g/t from a 0.5 meter wide vein and a vein float sample of 46.6 g/t Au.
The Snippaker Project is located in B.C.’s prolific Iskut copper-gold belt about 20 kilometers southeast of the past producing Snip gold mine (over 1 million ounces of gold produced at a recovered head grade of 24.5 g/t Au; BC Minfile database), and 34 kilometers northwest of Seabridge Gold’s KSM porphyry copper-gold project (proven and probable reserves total 38.2 million ounces of gold and 9.9 billion pounds of copper; http://seabridgegold.net/resources.php).
Historical assays have not been verified by West Cirque but have been cited from sources believed to be reliable. West Cirque’s disclosure of a technical or scientific nature in this news release has been reviewed and approved by John Bradford, M.Sc., P.Geo. and V.P. Exploration and Director for West Cirque Resources, who serves as a Qualified Person under the definition of National Instrument 43-101.
About West Cirque Resources Ltd.
West Cirque is a mineral exploration company focused on creating shareholder wealth by identifying, acquiring and defining resources in world class precious and base metal projects in the North American Cordillera.
West Cirque Resources Ltd.
Steve Vanry, CFA
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain "forward-looking statements", as defined in the United States Private Securities Litigation Reform Act of 1995, and within the meaning of Canadian securities legislation. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change, except as required by law. There are numerous risks and uncertainties that could cause actual results and "West Cirque’s" plans and objectives to differ materially from those expressed in the forward-looking information. The reader is urged to refer to the Company’s public disclosure which is available through the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.
Posted: January 23rd, 2014 under ACCESSWIRE.