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Message: White Pine - Noront - Golden Valley Mines Intersect Massive Sulphides
| May 13, 2009 | |
| White Pine Resources-Noront Resources-Golden Valley Mines Intersect Massive Sulphides in Their Ring of Fire Joint Venture | |
|
TORONTO, ONTARIO--(Marketwire - May 13, 2009) - White Pine Resources (TSX VENTURE:WPR) ("White Pine") (formerly WSR Resources), Noront Resources (TSX VENTURE:NOT) ("Noront") and Golden Valley Mines (TSX VENTURE:GZZ) ("Golden Valley") Joint Venture Project along the Ring of Fire in the James Bay Lowlands, is pleased to report a promising new Zn-Cu 'VMS' discovery intersected in recent drilling. The 'Luc Bourdon' and 'Bourdon West' properties (a combined 8,944 hectares) were staked by Golden Valley in the 'Ring of Fire' in the spring of 2008. This ground was subsequently optioned to White Pine and Noront in August 2008, whereas White Pine and Noront could equally earn a combined undivided 70% of the property by incurring expenditures of $5 million within 3 years of the agreement date. White Pine is the operator of the joint venture. In the fall of 2008, an airborne VTEM geophysics program was completed over the properties, which outlined several high priority drill targets. Drilling recently commenced in late April on these geophysical anomalies. To date, 5 holes have been completed on the G1 anomaly which has intersected massive sulphides with visible zinc and copper minerals. Downhole intervals of the massive sulphides vary from 45cm to 24.1m. The true width and extent of the zone is unknown at this time. Details of the drilling program thus far are tabled below: ----------------------------------------------------------------------------
Anomaly Hole No. UTM n UTM e Azi
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G4 G4-09-01 5896483 519991 120
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Bourdon West BW-09-01 5900243 504845 0
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G1 G1-09-01 5903947 515396 315
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G1 G1-09-02 5903947 515396 315
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G1 G1-09-03 5903944 515452 335
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G1 G1-09-04 5903902 515361 335
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G1 G1-09-05 5903902 515361 335
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G3 to be drilled
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G7 to be drilled
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G6 to be drilled
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Anomaly Dip Length From To Interval Mineralization
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G4 -50 130.20 92.35 94.45 2.10 semi-massive to
massive sulphides,
po-py
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Bourdon West -50 102.70 36.30 37.20 0.90 massive sulphides,
po-py
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G1 -50 90.50 36.75 47.30 10.55 massive sulphides,
visual sph, cpy
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G1 -80 112.80 80.30 104.40 24.10 massive sulphides,
visual sph, cpy
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G1 -50 109.10 79.30 79.75 0.45 massive sulphides,
visual sph, cpy
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G1 -50 96.60 70.20 71.90 1.70 massive sulphides,
visual sph, cpy
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G1 -75 145.60 122.00 128.60 6.60 massive sulphides,
visual sph, cpy
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Note: py equals pyrite, po equals pyrrhotite, sph equals sphalerite, cpy
equals chalcopyrite
All measurements in meters.
The current exploration program is managed by White Pine for the Joint Venture partners under supervision of Mike Kilbourne, P.Geo, President, White Pine Resources Inc. Mr. Kilbourne prepared this release and states: "White Pine is very excited about this new 'VMS' occurrence. This is White Pines second Zn-Cu discovery in addition to the 501 Zn-Cu project and discovery made last year with joint venture partner Metalex Ventures. We still have other geophysical targets in this drilling campaign and hope that this part of the 'Ring of Fire' will develop into a potential 'VMS' camp". White Pine has additional joint ventures in the 'Ring of Fire' with MacDonald Mines Exploration and Metalex Ventures and has become a significant land holder through these projects. On-site Quality Assurance/Quality Control Measures All samples have been shipped to ACTLABS preparation laboratory in Thunder Bay Ontario. Analyses will be performed in the ACTLABS laboratory in Ancaster, Ontario. All core samples were selected by the White Pine site geologist, and were cut in half by diamond core saw. Individual samples were labeled, placed in plastic sample bags and sealed. Groups of samples were then placed into durable rice bags that were secured by project security tags for shipping. The remaining coarse reject portions of the samples remain in storage at the ACTLABS preparation labratory storage facility in Thunder Bay as required in the event that further work is needed. Independent Quality Assurance and Quality Control Protocol A QA/QC program has been implemented to monitor all assays from the current drilling program. Samples are assembled in numbered batches of 35 samples. Included in each batch of 35 samples are two certified reference standards, two laboratory duplicates, one blank sample comprised of sterile drill core and one core duplicate sample. This QC program was set up for White Pine Resources by Tracy Armstrong, P.Geo, of T.J. Armstrong Geological Consulting Inc. Ms. Armstrong is a qualified geologist in the Provinces of Ontario and Quebec. Forward looking statements: Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of WPR, including but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of resource and reserve estimates, currency fluctuations, dependence upon regulatory approvals, the unavailability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and as such, undue reliance should not be placed on forward-looking statements. Shares Outstanding: 17,592,660 |
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