ARMSTRONG, BC, Aug. 26 /CNW/ - GWR Resources Inc. (TSX Venture: GWQ) is
pleased to report drill core assays from the final hole drilled in the
Phase 1 2010 Program (AZS10-25), testing the horizontal continuity of
high gold-copper-silver mineralization within the Aurizon South Gold
Zone.
As previously announced (see News Releases for May 27 and July 15,
2010), high-grade intersections within vertical hole AZS10-21 (1.36 gpt
Au, 0.31 % Cu over 137m from 477 to 614 m, including two 10 m intervals
exceeding 5 gpt Au and another 8 m interval exceeding 3.6 gpt Au) define
deep portions of a north-east trending (060 degrees) near-vertical
trend, extending from surface to more than 600 m depth, with strike
length ranging from a minimum of 170 to possibly 630 meters (or more).
As reported in July, the structure is characterized by the presence of
hydrothermal breccia associated with the higher metal grades.
Mineralization occurs as disseminated, fracture-filling and massive
chalcopyrite, fine grained bornite, barren and gold-cobalt-bearing
pyrite, and magnetite in hairline-to-cm thick stringers. Visible native
gold has been observed in quartz-albite (AZS09-16). Various maps,
sections and diagrams depicting the structure, hole locations and
related mineralized trends are provided at www.gwrresources.com
under the heading "Lac La Hache Project".
Hole AZS10-25 tests the Zone 25m west of previous drilling at Hole
AZS10-23 and confirms continuity of the zone at a vertical depth of
approximately 250 m below surface. Multigram gold grades in AZS10-25
appear sporadic and may represent the upward extensions of thicker
gold-rich shoots encountered deeper in the trend. Within AZS10-25, three
intervals were intersected which exceed 1 gpt gold, including 1.33 gpt
Au/2m, 2.72 gpt Au/2m and 9.66 gpt Au/2m (see table below). Copper
concentrations at this location within the structure are generally low
but reach 2.64 % Cu/2m in one assay. Elevated silver typifies the
structure, distinguishing it from the bulk-tonnage porphyry-style
mineralization in the adjacent Aurizon Central Zone to the north. Within
AZS10-25 silver values exceed 0.5 gpt in several intervals, with a
maximum value of 3.4 gpt Ag/2m.
|
|
NAD 83 Zone 10
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|
|
|
|
DDH
|
E
|
N
|
Dip
|
Direction
|
Length
|
|
|
AZS10-25
|
617841
|
5757856
|
-70
|
150
|
413.6 m
|
|
|
|
|
|
|
|
|
|
|
Cu
|
Au
|
Ag
|
Interval
|
From
|
To
|
|
|
%
|
gpt
|
gpt
|
m
|
m
|
m
|
|
|
0.20
|
0.64
|
1.10
|
58
|
315
|
373
|
|
incl.
|
0.49
|
1.33
|
1.90
|
2
|
315
|
317
|
|
incl.
|
0.28
|
2.72
|
2.20
|
2
|
331
|
333
|
|
incl.
|
0.90
|
2.20
|
1.53
|
12
|
361
|
373
|
|
incl.
|
2.64
|
9.66
|
3.40
|
2
|
371
|
373
|
GWR remains extremely encouraged by the continuity, tenors, and current
extent of the Aurizon South Gold Trend. Geophysical (magnetic low)
patterns and additional evidence of possible strike-extensions of the
Zone provide future drill targeting. Drilling will re-commence soon,
focussing on broader step-outs along strike and at depth, to increase
tonnage and grade potential.
GWR is an active mineral exploration company currently exploring for
gold and base metals on two properties within Canada. The Lac La Hache
copper-gold porphyry project hosts multiple zones containing commercial
grades of gold, copper, silver and magnetite. The project is located in
British Columbia's prolific Quesnel Trough between producing mines at
Imperial Metals' Mt. Polley Copper-Gold Mine and New Gold Inc.'s New
Afton Copper-Gold project (Teck-Cominco's legendary Afton mine). The Lac
La Hache project is well-served by rail, road and power infrastructure.
GWR maintains a quality assurance/quality control program that conforms
to the requirements of National Instrument 43-101. Rob Shives, P. Geo.,
is the Qualified Person (as defined by NI43-101) who accepts
responsibility for the technical content of this news release.
This news release may contain "forward-looking statements". Readers are
cautioned that any such statements are not guarantees of future
performance and that actual development or results may vary materially
from those in these "forward looking statements".
Neither the 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.