VANCOUVER, Jan. 30, 2013 /CNW/ - Westminster Resources Ltd. ("the Company") has received from Mexican government environmental regulators a letter of permission to conduct its 2013 diamond drill exploration program at the Cumbral-San Bartolo project in Sonora, Mexico. The drill program is scheduled to commence in early February.
The Exploration Management Committee for Westminster Resources Ltd and Capstone Mining Corp has planned a 5,400 meter drill program. The initial drill target will be the recently discovered Montoso IP chargeability anomaly. This multiple square kilometre scale target exhibits porphyry deposit style alteration and mineralization patterns.
The extensive 2012 exploration program at the Cumbral-San Bartolo project included 3D-IP and ground magnetic geophysical surveying, soil and rock sampling, geological mapping and prospecting over a 219 line kilometer grid. Results included widespread discovery of copper-gold-silver mineralization in geological environments ranging from veins to porphyry-style targets. Pervasive iron-oxide and sericite-clay alteration zones have been located, often associated with the development of leached caps in the Montoso area.
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 its 28,632 hectare El Cobre and 13,398 hectare Navojoa properties in Sonora, Mexico. The El Cobre property contains among other prospects, the 100% owned Guayacan prospect and the 8,000 hectare Cumbral-San Bartolo option project with Capstone Mining Corp. On the Navojoa property the Company is exploring gold-silver-copper targets.
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:
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
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