VANCOUVER, Dec. 12, 2013 /CNW/ - Westminster Resources Ltd. (WMR-TSX.V)
is pleased to report that it has been advised by Capstone Mining Corp.
that they will be continuing exploration, as operator, on the
Cumbral-San Bartolo project, during 2014, in accordance with the terms
of the existing option agreement. Permitting and planning for
exploration, which will focus on diamond drilling, is in progress.
Glen Indra, President of Westminster states "This is a significant event
for our corporation, during these difficult times in the mining
industry, to have the continued support of a well funded and
experienced mining team. We are most encouraged and look forward to
continued success on this project."
ON BEHALF OF THE BOARD OF DIRECTORS
WESTMINSTER RESOURCES LTD.
"Glen J. Indra"
Managed by an experienced exploration team, Westminster is focused on
exploring and developing prospects on a land package of approximately
51,767 hectares of contiguous mineral concessions in Sonora, Mexico.
These concessions constitute a mineral district scale property serviced
by roads, power and water. Approximately 10,109 hectares comprise the
Cumbral-San Bartolo option project with Capstone Mining Corp. Capstone
has secured a 49% interest in the project having spent $3.3 million to
date. Capstone Mining Corp. has elected to assume operatorship of the
project in January 2014 under the terms of the Option Agreement where
they may earn a further 11% interest by expending an additional $3
million by December 31, 2014. Capstone Mining Corp. may earn a further
10% interest by expending an additional $3 million before December 31,
2015, bringing their total expenditures to $9.3 million to earn a 70%
This news release may contain forward-looking information which is not
comprised of historical facts. Forward-looking information involves
risks, uncertainties and other factors that could cause actual events,
results, performance, prospects and opportunities to differ materially
from those expressed or implied by such forward-looking information.
Forward looking information in this news release may include, but is
not limited to, the Company's objectives, goals or future plans.
Factors that could cause actual results to differ materially from such
forward-looking information include, but are not limited to, those
risks set out in the Company's public documents filed on SEDAR.
Although the Company believes that the assumptions and factors used in
preparing the forward-looking information in this news release are
reasonable, undue reliance should not be placed on such information,
which only applies as of the date of this news release, and no
assurance can be given that such events will occur in the disclosed
time frames or at all. The Company disclaims any intention or
obligation to update or revise any forward-looking information, whether
as a result of new information, future events or otherwise, other than
as required by law. The TSX Venture Exchange has not reviewed and does
not accept responsibility for the adequacy or accuracy of this release.
SOURCE: Westminster Resources Ltd.
For further information:
please contact Leif Smither or Fulvio Scrigner at 604-608-0400, Toll Free: 1-877-608-0007 or visit our website at www.westminsterres.com