VANCOUVER, May 15, 2012 /CNW/ – Westminster Resources Ltd. (“Westminster” or “the Company”) has recently completed an extensive program of geological mapping, prospecting and soil and rock geochemical sampling at the Cumbral-San Bartolo property located near Obregon, Sonora, Mexico. The original Cumbral exploration program conducted by Westminster in 2011 included an airborne VTEM/MAG geophysical survey with grid-controlled ground follow-up 2D-IP and MAG geophysical surveys over selective anomalies. These surveys identified a series of coincident IP chargeability-resistivity and magnetic patterns which were further defined with anomalous copper and silver trends from the 2012 soil geochemical sampling program.
Recent prospecting and geological mapping has confirmed the widespread presence of porphyry/iron-oxide-copper-gold (“IOCG”) alteration and mineralization extending beyond the original Cumbral grid on trend SE to the San Bartolo grid. As a result, the survey grid system is being expanded to provide continuous coverage connecting the Cumbral and San Bartolo prospects.
Currently, a 3D-IP survey is underway to cover 180 line kilometres of grid, with section lines spaced 200 metres apart. Also, soil geochemical samples are being collected to provide complete coverage of the entire expanded grid.
Selection of targets for a follow-up program of drilling will be based on compilation of results from the present exploration work, and earlier surveys.
Westminster and Capstone Mining Corp. have executed an Option Agreement (WMR 12-02, April 17, 2012) to explore the Cumbral-San Bartolo property whereby Capstone has the right to earn a 70% interest by funding a minimum of $9.3 million CDN in exploration by December 31, 2015.
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 has visited the project.
ON BEHALF OF THE BOARD OF DIRECTORS
WESTMINSTER RESOURCES LTD.
“Glen J. Indra”
About Westminster:
Managed by an experienced exploration team the Company is focused on exploring and developing prospects on its 28,644 hectare El Cobre and 19,362 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.
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