August 26, 2010
ARMSTRONG, BRITISH COLUMBIA - 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 atwww.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|
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”.For further information, please contact:
Responsible Officer: Irvin Eisler, President
Company Telephone Number: (250) 546-8048
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.
Back to the News page