La Quinta Intersects 13.8% Copper at Carruther’s Pass, B.C. VMS Project
La Quinta Resources Corporation is pleased to report that it has received the first assays from drilling completed at the Carruthers Pass, B.C. volcanogenic massive sulphide (“VMS”) project in August 2011. Initial core samples from pilot holes drilled into the Slab target were split and sent to ALS Minerals Laboratories in North Vancouver, B.C.
Initial drilling targeted massive sulphide mineralization approximately 10 m x 7 m where exposed in a talus slope beneath a cliff. The exposure appears to be a detached slab broken away from the adjacent cliff, based on results from this drill program. The initial drill hole, used to anchor the drill, was oriented into the massive sulphide slab at an angle of at -800 and intersected 2.5 m (7.6 ft) of massive sulphide before terminating in unconsolidated talus material at 5 m. A second hole was drilled from the same setup at a -450 angle and intersected a 3.05 m (9.3ft) thickness of similar VMS in contact with metagabbro, beneath which was talus. The collars of the two holes are approximately 0.80 m apart. True thickness of the intersections is not known as the Slab material is not in situ.
Weighted average values of assays for the VMS zone include 2.37 g/t gold (0.069 oz/st), 192 g/t silver (5.6 oz/st), 6.24% copper and 5.87% zinc. These values are based on adjustments of interval lengths to account for approximately 33% core loss.
Individual assays returned from the drill intervals are available on the La Quinta website.
The Slab lies approximately 225 m northeasterly of DDH 11-13, from which the northerly directional array of downhole induced polarization (“IP”) survey extended in the direction of the Slab identified a body with responses of less than 10 ohm-m resistivity at depths of approximately 65m. The Company believes that the VMS source for the Slab is this responder. Based on surface and downhole I P surveys conducted this fall, Scott Geophysics Ltd. (Vancouver, B.C.) is finalizing a 3D model of the IP data. This report will be used to plan 2012 drill site locations and target depths. The Company plans to drill this area during 2012 field season; permits are already in place. Additional sulphide-bearing intervals were intersected in the 2011 drilling; assay results for those holes are pending.
Mr. Geoffrey Goodall, P. Geo., an independent qualified person as defined under Standards for Disclosure of Mineral Projects (“NI 43-101”) has supervised field activities including chain-of-custody protocols. Mr. J. W. Morton, P. Geo., President of Cariboo Rose Resources, a qualified professional as defined under Standards for Disclosure of Mineral Projects (“NI43-101”) conducted core measurements for these samples and delivered them to ALS Minerals, North Vancouver, B.C.
The information contained in this news release has been reviewed, approved and deemed relevant by Walter Martin, the Company’s President, C.P.G., a qualified person as defined under Standards for Disclosure of Mineral Projects (National Instrument 43-101).
About La Quinta Resources Corporation
La Quinta is a junior precious metals exploration company actively seeking mineral opportunities for the benefit of our stakeholders. Currently the Company is focused on exploring for gold and silver on the Easter Project and on its Black Jack properties in Nevada. The Easter Project is underlain by an epithermal quartz-adularia vein stockwork system hosted within Tertiary volcanic rocks of the Caliente Caldron Complex of southeastern Nevada. Numerous drill programs were conducted over the past 27 years by several operators. The resultant 121 holes and five adits were used to outline a 43-101 compliant resource of 2.6 million tons at 1.3 g/t gold (0.038 oz/t) and 14 g/t silver (0.4 oz/t) within an area of gold mineralization with a strike length of at least 6,450 feet (1,966 m) and drill-defined widths up to 90 feet (27.4 m). Significant prior intercepts include up to 0.194 oz. Au / ton over 90 feet (6.6 g/t over 27.4m true thickness) (including 0.549 oz. Au / ton over 15 feet [18.8 g/t over 4.5m]) and 0.084 oz. / ton over 110 feet (including 0.534 oz. Au / ton over 5 feet) [2.88 g/t over 33.5 m w/internal 18.3 g/t in 1.52 m]. The Black Jack property, an early-stage exploration target in NE Nevada, consists of old mine workings that contain silver- gold-base metals veins hosted in Ordovician limestones that overlie nearby Cambrian shale. The Carruthers Pass property is a massive sulphide project with copper, gold and silver located 70km south of Kemess copper-gold mine. The project consists of 8 claims covering 3,250 hectares. No resources have been identified in either the Black Jack or Carruthers Pass properties.
On behalf of the board
CEO and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.” This document includes forward- looking statements. When used in this document, the words “potential”, “plan”, ”could”, “estimate”, “expect”, “intend”, “may”, “should”, and similar expressions are intended to be among the statements that identify forward-looking statements. Although La Quinta believes that their expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements.
Walter Martin, President and Director: (775) 225-8514
Ed Baer, Director: (416) 804-0512