February 7, 2008
Mr. Irvin Eisler reports
GWR ANNOUNCES RESUMPTION OF EXPLORATION ACTIVITIES ON LAC LA HACHE
GWR Resources Inc. has resumed its exploration activities on the Lac La Hache project area, and has initiated its 2008 drilling program. The exploration status and the 2008 drilling program are summarized below.
Summary of exploration activities since Oct. 1, 2007, and status of 2008 drilling program
The first quarter of the company’s year saw a considerable advance in the understanding of the distribution of copper-gold mineralization within its Lac La Hache project area. New geological mapping has begun to refine, and redefine, the understanding of the geology of the project area, enabling a much more positive direction to exploration of the area. Recent logging of parts of the project area has also uncovered new bedrock exposures that were not available to previous workers and which has aided considerably in an interpretation of the geology and distribution of copper-gold mineralization.
After a summer of discontent, not unique to the company, but experienced by many junior explorers in British Columbia in 2007, assay results were finally received from most drill holes of the company’s Aurizon zone drilling program, enabling an interpretation of the probable distribution of mineralization. This interpretation suggests the presence of an 80-metre to 100-metre thick copper-gold zone trending slightly west of north, and cut and offset by several northeasterly trending faults. This zone, which appears to plunge to the north and dip moderately to the east, has been traced over several hundreds of metres by widely spaced drill holes. Since the zone has not been closed off in any direction, beginning on Jan. 25, 2008, drilling commenced to define the limits of this zone. Currently, two holes have been completed with a third under way. In addition, a second drill will be mobilized and infill drilling of the Aurizon zone will commence in mid-February in order that a copper-gold resource estimate may be made.
Probably the most exciting event of the quarter was the discovery of a new zone of copper-gold mineralization located about two kilometres to the west of the Aurizon zone. The presence of this new zone, known as Peach 1, was suggested by assay results of a 65-metre-long trench excavated in the fall of 2007 and which returned about 0.2 per cent copper over the length of the trench. As disclosed in GWR’s news release (see news issued in Stockwatch) dated Nov. 23, 2007, the first drill hole completed on Peach 1 zone intersected 0.50 per cent copper and 0.42 gram per tonne gold over 86 metres and which included 42 metres of 0.83 per cent copper and 0.71 gram per tonne gold. Two subsequent drill holes that intersected this zone also displayed significant copper mineralization, but assay results of the core from these holes have not yet been received. The Peach 1 zone of mineralization appears to trend slightly north of east, that is about 900 to the trend of the Aurizon, but further drilling is required before its trend can be confirmed. The company has filed a permit application for a substantial drill program in the Peach 1 area to begin in mid-February to early March, 2008.
The project area now has several new exploration targets that were outlined in the first quarter period and which had not previously been recognized. This is, in general, the result of a recent airborne geophysical survey that defined detailed radiometric and magnetic signatures of alkalic porphyry copper-gold systems and also the result of the recognition of the structural controls and orientation of the mineralized belt that extends through the Lac La Hache property. Within this structurally controlled belt several, previously considered “discrete zones” of copper-gold mineralization such as Ann North, NK, Harvey and Murphy may, in fact be co-joined so that Ann North may be represent a northern extension of the Aurizon zone while the Murphy (or Miracle) zone may be a fault-displaced segment of the southern part of the Aurizon zone. Similarly, following the recognition of a, more or less, easterly trend to the Peach zone, it is possible that this zone is a westerly extension of the Harvey and NK zones. These possibilities will be tested in 2008.
The company believes it has been successful in the first quarter in outlining the distribution of copper-gold mineralization in the Aurizon zone and in discovering high-grade copper in the Peach 1 zone, and it is confident that it will build on these successes in 2008.
Dr. David G. Bailey, PhD, PGeo, is the qualified person as defined by National Instrument 43-101, who has reviewed, and accepts responsibility for the technical aspects of, this news release.
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