January 15, 2015. Vancouver, BC, BC. David H. Brett, President & CEO, GWR Resources Inc. (the “Company,” TSX Venture: GWQ) reports that as a result of a review by the British Columbia Securities Commission of the Company’s website (www.gwrresources.com, the “Website”), the Company wishes to retract, correct and clarify certain disclosures made on the Website pertaining to the Company’s Lac La Hache Property in the Quesnel Trough mineral belt in British Columbia (the “Property”).
Certain graphics on the Website displaying drill hole and other geological data relating to the Aurizon South Zone area of the Property included reference to an in-house approximation of the tonnage, grade and value of the potential mineralization in the area. The Company retracts this disclosure regarding the Aurizon South Zone, which has been deleted from the Website, and cautions investors to disregard the approximation as it was not prepared in accordance with industry standards nor disclosed in keeping with 43-101 guidelines.
For further information about the Property, investors are directed to the Company’s June, 2012, 43-101 report on the Property prepared by SRK Consulting Inc. (the “Report”). The Report, available for download from the Website, includes a comprehensive review of the Property and an estimation of indicated and inferred mineral resources for the Spout Copper-Gold-Silver-Magnetite deposit.
The Report also describes in significant detail several other prospective zones within the Property, including the Aurizon Porphyry Gold-Copper-Silver Prospect, where more than 100 drill holes have been completed to date. Notwithstanding the significant amount of drilling and other exploration work at the Aurizon Prospect, the Company has not calculated or disclosed any resource estimate for this zone.
“GWR Resources is committed to providing investors with reliable, accurate, scientific, understandable and fully compliant geological information on the Company’s flagship Lac La Hache Property,” said GWR President & CEO David Brett. “The Company has completed a review of all of the disclosures on its website and is fully confident that all the information posted to it can be relied on by investors.”
The contents of the news release have been reviewed and approved by Rob Shives, P.Geo., VP Exploration to the company and a qualified person as defined in National Instrument 43-101.
About GWR Resources
GWR is an active mineral exploration company currently exploring for gold and base metals in British Columbia’s prolific Quesnel Trough. The Lac La Hache copper‐gold porphyry/skarn magnetite‐copper project hosts multiple zones of gold, copper, silver and magnetite. The project is located 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), adjacent to Woodjam Consolidated Copper, Gold Fields’ Woodjam Project, and is well‐served by rail, road and power infrastructure.
GWR Resources Inc.
President & CEO
For further information, please contact:
David Brett, Telephone: 604-682-2421
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.”