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Engold Mines Ltd.
All rights reserved.
Engold Mines Ltd.
All rights reserved.
October 5, 2015. Vancouver, BC. David H. Brett, President & CEO, GWR Resources Inc. (the “Company,” TSX Venture: GWQ) is pleased to report results of the Company’s recently completed exploration program at its 100% owned Lac La Hache Property in the Cariboo Region of central British Columbia.
The Program included 7 closely-spaced drill holes totaling 1990 metres targeting the Aurizon-South copper-gold breccia zone. Six of the seven drill holes encountered significant copper-gold-silver mineralization, such as AZS15-42 that intercepted 10 metres grading 7.7 grams per ton (gpt) gold, 1.3% copper, and 6.5 gpt silver, which includes a 5 metre interval grading 11.7 gpt gold, 1.5 % copper, 7.9 gpt silver. Hole AZS15-48 includes a 2 metre intercept grading 10.7 gpt gold. The Aurizon South breccia structure has been shown by previous drilling to have a strike length exceeding 300 m and extends to more than 600 metres below surface. Within this large structure, the recent drilling has expanded the high-grade portion of the structure known to exist at depths above 200 metres, by 75 meters along strike and 50 meters down dip. All significant Aurizon-South assay results are tabulated below.
“These strong drill results confirm the potential for a high grade gold-copper-silver underground mining target on the Lac La Hache property,” said GWR CEO David Brett. “In addition to more drilling in the area, GWR plans to develop an initial 43-101 compliant resource estimate for the Aurizon-South based on the new and previous data.”
|NAD 83 Zone 10||mASL||deg.||deg||m||%||g/t||g/t||M||m||m|
In addition to the encouraging drill results at Aurizon South, GWR has discovered through surface prospecting the Berkey Zone, a new disseminated, copper-gold porphyry occurrence. The mode of occurrence of the copper mineralization (chalcopyrite) within the potassic, syenitic porphyry intrusive host, as true disseminations without fracture control, suggests this may be a significant, mineralizing (and mineralized) intrusion. All portions of the intrusion examined are visibly mineralized. Outcrop exposure of the prospect to date is low due to a thin overburden veneer. Hand work suggests the mineralized intrusion forms a 3 metre wide dike which has been traced 50 meters along strike. Assays from chip sampling across the main Berkey prospect produced a grade of 0.45% Cu over 2.4 m. Grab samples assayed 0.35% Cu, 0.47% Cu and 1.5% Cu.
“This new discovery occurs in a recently logged area where no prospecting has previously been done, mid-way between mineralization drilled at our Ann North and Harvey zones. We are excited about the potential implications of this true ‘disseminated porphyry-style’ discovery.” said GWR VP Exploration Rob Shives.
GWR plans to recommence drilling at Lac La Hache in mid-October. 2-3 holes totaling approximately 600 metres are planned targeting the Aurizon South targets. Additional surface work over the newly discovered Berkey Zone is also planned.
The technical contents of this 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.
GWR Resources Inc.
President & CEO
For further information, please contact:
David Brett, Telephone: 604-682-2421
This news release may contain “forward‐looking statements”. All statements in this release, other than statements of historical facts that address exploration drilling, exploitation activities and other related events or developments are forward‐looking statements. Although the Company believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward looking statements. Factors that could cause actual results to differ materially from those in forward‐looking statements include market prices, exploration and exploitation successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, continued availability of capital and financing, and general economic, market or business conditions. 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.”