West Cirque Resources Ltd. Provides Exploration/Corporate Update
The Company is particularly enthusiastic about a planned follow up program for its Castle copper-gold property located 25 kilometres northwest of Imperial Metals' Red Chris mine development project and 15 kilometres west of Colorado Resources' recent high-grade porphyry discovery at the North Rok Property.
West Cirque will continue to emphasize a "project generation - joint venture" business model with a focus on identification and early exploration in BC based porphyry copper-gold prospects.
Freeport-McMoRan of Canada Limited Earn-In Agreement; Castle - Tanzilla - Pliny (NW British Columbia)
In March 2013, West Cirque and Freeport-McMoRan of Canada, Limited ("Freeport") entered into an agreement to explore West Cirque's Castle, Tanzilla and Pliny properties. Freeport can earn an initial 51% interest in the Properties by funding cumulative expenditures of $8,000,000 over a four-year period. West Cirque will act as initial operator of the properties under the Earn-in. West Cirque holds a 100% interest in the Tanzilla and Pliny properties, jointly comprising 8032 hectares, as well as a 100% interest in 431 hectares at Castle in addition to 603 hectares under option from Bearclaw Capital Corp.
Castle
- 5.5 km long alteration zone with high grade gold-silver (Au-Ag) at surface (historic samples up to 138 grams per tonne [g/t] Au, 434 g/t Ag)
- High-K calc-alkalic porphyry copper-gold system similar to Red Chris, GJ (Teck Resources) and North Rok
- Phase one drilling (six drill holes, 1777 meters) intersected broad zones of gold enrichment (up to 0.30 g/t Au over 292 meters) over 1 km strike length
- Drill intercepts up to 1.015 g/t Au over 34 meters and 0.37 g/t Au and 0.10% copper (Cu) over 50 meters
- All drill holes intersected strong porphyry style alteration and mineralization in a monzodiorite intrusion
- Subsequent mag, IP and mapping have outlined significant targets for Phase two drilling
Tanzilla
- Large (2 x 7 km) alteration zone with silica-advanced argillic lithocap associated with monzonite porphyry intrusions and extensive copper mineralization
- Large (1 x 2.2 km) strong chargeability high underlying and flanking lithocap
- Historical trench assays up to 0.76% Cu, 0.12 g/t Au, 21 g/t Ag over 9 meters
- No published record of historical drilling
Pliny
- High grade quartz-chalcopyrite stockwork mineralization discovered in 2011
- Mineralized zone traced for 325 meters
- Associated with a polyphase intrusive complex (diorite porphyry, monzonite, syenite) with alkalic affinities and a 1.8 by 1.4 km magnetic high reflecting widespread magnetite veining
- Grab samples of vein, stockwork and disseminated mineralization range from 248 ppm to 8.65% Cu and 0.001 to 5.23 g/t Au (West Cirque samples, 2011-2012).
Quesnel Trough Porphyry Projects (100% WCQ)
Aspen Grove (Cu-Au-Ag)
- Historic copper belt with excellent infrastructure and road access in south-central B.C. between the Afton and Copper Mountain mines
- Exploration resurgence catalyzed by entry of major mining companies, Xstrata and Sumitomo
- Compilation of historical data has documented eight significant mineralized zones on the property
- Historic results include drill intercepts of 0.86% Cu, 44 g/t Ag / 20m (Par prospect, Tormont Mines, 1964) and 0.22% Cu / 40m (Ketchan Lake prospect, Adera Mining, 1966); and continuous chip sample trench results of 0.38% Cu / 15m (Thalia prospect, Cominco, 1978); 0.30% Cu / 25m (Zig 3 prospect, MineQuest, 1990); 0.8% Cu / 9.1m (Daisy prospect, B.C. Ministry of Mines, 1928); 0.27% Cu / 55m (Coke prospect, Ruskin Developments, 1976)
Heath (Cu-Au-Ag)
- Located in the Hogem Batholith 30 kilometers south of the Kwanika deposit (142 million tonnes of 0.31% Cu and 0.29 g/t Au indicated resource) and 74 kilometers northwest of the Mt. Milligan project (482 million tonnes of 0.20% Cu and 0.39 g/t Au proven and probable reserve), presently under development by Thompson Creek Metals
- Previously explored by Amax (1968-9) and Teck (1989-91); well documented Teck database (mapping, rock and soils sampling, IP, magnetics, drilling)
- 2.0 by 2.4 km Cu-Au-Ag soil anomaly with up to 4902 ppm Cu, 1.1 g/t Au and 27.8 g/t Ag in soils (Teck, 1989)
- Anomalous platinum (Pt) and palladium (Pd) (e.g. 0.23 g/t Pt and 0.78 g/t Pd over 4.43m in Teck drill hole 91-H-04, 26.05-30.48m).
- Untested 0.5 by 1.7 km central target area with historical rock samples up to 7.46% Cu, 4.7 g/t Au and 1341 g/t Ag and WCQ grab samples (2012) ranging from 113 ppm to 2.77% Cu, 0.007 to 0.17 g/t Au,
- Old cat roads provide access to core of zone
Historical assays cited should not be relied on as they have not been verified by West Cirque even though they have been cited from sources believed to be reliable. West Cirque's rock samples from the Pliny prospect have been reported previously (news release August 10, 2011). West Cirque's rock samples from the Heath Project were analyzed at Inspectorate Exploration and Mining Services Limited's ISO 9001:2008 certified laboratory in Richmond, B.C. Samples were analyzed for gold by fire assay with AAS finish, for platinum and palladium by fire assay and ICP finish, silver by atomic absorption with aqua regia digestion, and for a 50 element suite by ICP using a four acid digestion. Over-limit copper was analyzed by atomic absorption with four acid digestion. Inspectorate's QC program ensures that at least 10% of all analysis are for QC purposes, including sample duplicates, reference materials, and blanks. For all assay determinations, including gold, certified reference materials are implemented into the assay QC program. 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, President
(604) 558-4604
svanry@westcirqueresources.com
www.westcirqueresources.com
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.
Forward-Looking Statements
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.