VANCOUVER, March 5, 2013 /CNW/ - Westminster Resources Ltd. ("the
Company") announces that diamond drilling of the 3D-IP Montoso
chargeability anomaly, Sonora, Mexico, is in progress. The multiple
square kilometer porphyry deposit style of chargeability patterns at
Montoso are associated with copper-gold-silver soil anomalies related
to well developed iron-oxide (hematite, goethite) and sericite-clay
alteration zones and leached cappings.
The first drill hole, dipping at 60º is intercepting chargeability 3D-IP
inversion model "shells" ranging from over 40 ms to 10 ms. The first
400 meters of core has been sampled every 2 meters and 200 samples have
been shipped to the laboratory for preparation and analysis. Core
logging has identified multiple intrusive phases and alteration ranging
from propylitic to potassic and sericitic. This alteration is
accompanied by carbonate and quartz veinlets and silicification
interpreted to be typical of a porphyry system model. This first hole
is scheduled to be completed in the first week of March to a core
length of 1,200 to 1,400 meters. The Company is pleased that the
Montoso porphyry system as modeled appears to track chargeability IP
shells to depth.
Glen Indra, President, stated: "Our aggressive exploration of the
Cumbral-San Bartolo property in 2012 identified the Montoso target
area. The 2013 drill program of 5,400 meters will continue to confirm
that the Montoso discovery is a large new porphyry system."
Westminster has also staked new mineral concessions totaling
approximately 9,615 hectares in Sonora, Mexico. The new properties are
adjacent to the El Cobre-Navojoa projects' mineral concessions and now
the Company controls a contiguous mineral district scale property of
approximately 59,738 hectares.
A portion of the new mineral concessions are subject to an Area of
Influence agreement for the Cumbral-San Bartolo project under an Option
Agreement with Capstone Mining Corp. (WMR 12-02, April 17, 2012).
All technical content in the foregoing disclosure has been verified and
approved by Glen C. Macdonald, P.Geo., (a qualified person for the
purpose of National Instrument 43-101, Standards of Disclosure for
Mineral Projects). Mr. Macdonald is a director of Westminster Resources
Ltd., and he has recently visited the drill program.
Westminster and Capstone Mining Corp. are exploring the Cumbral-San
Bartolo property whereby Capstone has the right under an Option
Agreement to earn a 70% interest by funding a minimum of $9.3 million
CDN in exploration by December 31, 2015 (WMR 12-02, April 17, 2012).
Westminster will manage the project with exploration funding committed
by Capstone as part of the earn-in agreement. The Cumbral-San Bartolo
project is a portion of Westminster's much larger El Cobre and Navojoa
properties located in Sonora, Mexico.
ON BEHALF OF THE BOARD OF DIRECTORS
WESTMINSTER RESOURCES LTD.
"Glen J. Indra"
Managed by an experienced exploration team the Company is focused on
exploring and developing prospects on a land package of approximately
59,738 hectares of contiguous mineral concessions. These concessions
constitute a mineral district scale property. Approximately 10,109
hectares comprise the Cumbral-San Bartolo option project with Capstone
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:
For further information regarding Westminster Resources Ltd., 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 Or Kin Communications Inc. At 604-684-6730, Toll free: 1-877-684-6730 Website: www.kincommunications.com