Vancouver, B.C., June 11, 2013; West Cirque Resources Ltd. (WCQ:TSX.V) has received initial results from a geochemical sampling and mapping program on its 100% owned Aspen Grove Copper-Gold-Silver (Cu-Au-Ag) Project, located halfway between Merritt and Princeton in southern B.C. The property covers part of an extensive belt of alkalic porphyry copper-gold-silver mineralization hosted by Upper Triassic Nicola Group volcanic rocks and Late Triassic to Early Jurassic intrusions. Presently two mines are producing in the belt: New Afton, located 85 kilometers to the north (Measured and Indicated Mineral Resources of 51.8 million tonnes at 1.26% Cu, 0.91 grams per tonne [g/t] Au, 2.9 g/t Ag and 0.11 g/t palladium at 0.5% Cu cutoff), and Copper Mountain, 45 kilometers to the south (Measured and Indicated Mineral Resources of 302 million tonnes at 0.37% Cu at 0.2% Cu cutoff).
Recent reconnaissance scale mapping and sampling at Aspen Grove focused on six significant Cu-Au-Ag occurrences, including three separate porphyry systems: Par, Ketchan Lake and Coke. Rock samples returned assay values up to 4.6% Cu (Thalia), 52.5 g/t Ag (Ketchan Lake) and 0.58 g/t Au (Par). The Par data corroborates historical drill results and will be summarized in a separate news release.
Ketchan Lake North
A zone of alkalic porphyry-style alteration and mineralization was traced over a strike length of 300 meters on West Cirque's claims at the north end of the Ketchan Lake porphyry copper-gold-silver prospect. The Ketchan Lake North zone is hosted in a feldspar hornblende monzodiorite porphyry intrusion. Copper-gold-silver mineralization is associated with widespread magnetite veining and variable alteration including potassium feldspar, epidote, chlorite, calcite and sericite. The zone has been tested by one historical diamond drill hole (1966), which intersected 0.22% Cu over 39.6 meters from surface (drill hole P-3). Gold and silver were not assayed. West Cirque's twelve representative trench and outcrop grab samples over a strike length of 300 meters from the Ketchan Lake North zone assayed 80 ppm to 1.07% Cu,
Mapping and sampling along two 100+ meter long trenches within a microdiorite intrusive body at the Coke prospect was hampered by snow and water. Contiguous historical chip samples from the south trench returned average assays of 0.23% Cu over 30 meters and 0.28% Cu and 9.0 g/t Ag over 24 meters. Alteration in the few exposures available consists of chlorite to sericite with strong disseminated and local stockwork pyrite-chalcopyrite. West Cirque's four trench and outcrop grab samples from the zone assayed 87 ppm to 0.652% Cu, 7 to 233 ppb Au and 0.5 to 52.2 g/t Ag.
The Boss/Thor prospect is located on the north and east flanks of a strong 2 by 3 kilometer magnetic high which is underlain by a dioritic intrusive breccia complex. Outcrops within the complex range from massive, strongly magnetic diorite, to incipient diorite intrusive breccia, to well fragmented monomictic diorite breccia. The diorite breccias grade out into and intrude polymictic, diorite clast bearing volcanic tuff breccias. Approximately two kilometers from this intrusive center in the vicinity of the Zig and Zig 3 prospects, breccias are locally reworked and interbedded with volcanic sandstones. Within the intrusive complex itself epidote alteration and carbonate veinlets are widespread. Mineralization, consisting of very fine chalcopyrite, chalcocite, copper pitch and malachite, was traced over a strike length of about 350 meters in a series of old trenches and blast pits. West Cirque's seven representative trench and outcrop grab samples from the Thalia zone assayed 227 to 2720 ppm Cu, 7 to 192 ppb Au and
The Zig 3 prospect is located two kilometers north of the Boss/Thor intrusive breccia complex where mineralization is exposed in outcrops, trenches and a small shaft, over a strike length of at least 155 meters. Mineralization is hosted in reddish to maroon polymictic volcanic breccia and conglomerate, commonly containing intrusive as well as volcanic clasts. Volcanic sandstone interbeds are present locally. Epidote alteration and carbonate veinlets are common. Mineralization consists mainly of disseminated and veinlet hosted chalcocite and fracture controlled malachite. West Cirque's six representative trench and outcrop grab and chip samples from the Zig 3 zone assayed 181 ppm to 1.265% Cu, 1 to 11 ppb Au and
Copper mineralization is sporadically exposed in outcrops and trenches over a strike length of about 1 kilometer at the Thalia prospect. Mineralization is in part structurally controlled, forming in both diorite and amygdaloidal basalt between two north-northwest trending splays of the Kentucky-Alleyne fault system. Mineralization is associated with strong carbonate and hematite alteration and consists mainly of disseminated and vein hosted chalcocite and copper carbonates. Continuous trench samples near the southern end of this trend have returned up to 0.38% Cu over 15 meters. West Cirque's eight representative trench and outcrop grab samples from the Thalia zone assayed 116 ppm to 4.60% Cu, 1 to 2 ppb Au and
West Cirque Resources' mineral claims comprising the Aspen Grove Project cover 7776 hectares. West Cirque's grab and small (about 1 meter) chip samples are representative of various outcrop locations varying from unaltered to very strongly mineralized rock. No inference about average grade over a volume of rock can be made on the basis of reconnaissance scale sampling of this nature. 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. Sample preparation and assaying was carried out at ALS Minerals' North Vancouver analytical laboratory. Samples were analyzed for 35 elements including copper by aqua regia digestion and ICP-AES, while gold was analyzed by fire assay (30 gram nominal sample weight), aqua regia digestion and ICP-AES. Over limit copper (>1%) was re-analyzed by aqua-regia digestion and ICP-AES.
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.
- Company Earnings
- Stocks & Offerings