TSX.V EGM $0.035


2013 News Releases

New Gold, Copper, Molybdenum, REE Targets Defined at GWR's Lac La Hache Project

February 5, 2013

LAC LA HACHE, BRITISH COLUMBIA - GWR Resources Inc. (the “Company” or “GWR”) (TSX Venture: GWQ) is pleased to report highly encouraging results from new Ah-horizon geochemical surveys at their Lac La Hache Project. Please refer to several NEW supporting images with additional descriptions in a new presentation at www.gwrresources.com/s/Presentations.asp.

Last year GWR significantly expanded the Lac La Hache project, through acquisition of a large and highly prospective surrounding area (see Jan. 23. 2012 News Release). Despite excellent potential, exploration within the new ground prior to our acquisition was very sparse, inhibited by overburden and young volcanic rock cover. To improve exploration vectoring, in late 2012 (see Oct. 4 and Nov. 29, 2012 News Releases) we completed a property-wide Ah-horizon soil survey, a method that has been gaining acceptance as new studies demonstrate successful detection of blind mineralization in similar settings throughout the Quesnel Trough.

In October, GWR staff and contractors trained by Dr. Colin Dunn, an expert in the method, collected nearly 1200 samples on 500 m centers throughout the 400 km2 (154 mi2) property. Samples, field duplicates and quality control standards were analysed by ALS Labs Vancouver for 51 elements. Dr. Dunn’s preliminary interpretation report entitled “Soil Geochemical Survey, Ah Horizon - Lac La Hache, British Columbia, January 2013” is available for viewing at  www.gwrresources.com/s/TechnicalReports.asp. In addition to valuable bedrock mapping assistance the new multi-element geochemical patterns define discrete anomalies over known Cu (+/-Au, Ag) zones, demonstrating that the method is working. More importantly, new anomalies are indicated in several areas.

Geochemical Survey Results: New Exploration Targets

New Gold-Copper-Silver Anomalies
Multi-element, multi-site gold anomalies (several supported by elevated concentrations of pathfinder elements silver, arsenic, bismuth, antimony, tellurium and particularly tungsten) have been defined in unexplored areas in the west, northwest, northeast and central parts of the property (see related image at www.gwrresources.com). One of these is located immediately west of Murphy Lake, covering 7 km2 and defined by 16 contiguous anomalous gold sites along >5 km (>3 mi) strike. Five additional Ah-horizon gold target areas are also indicated, including the highest Ah-horizon gold value obtained, within a single site on the eastern flank of the previously outlined “M1” magnetic anomaly. This site also has very high tungsten, an association that has been recognized at many other deposits in the Quesnel Trough, and is considered a key indicator. A drill hole proposed last year (but not drilled) in this area will be much better positioned using the new data.

New Copper Anomalies
Multi-site Ah-horizon copper anomalies occur in more than six areas. One of these occurs just west of the two northern “M1” holes completed last year, supporting our drill-results-based interpretation to explore west of those collars. Another anomaly lies just southwest of the Murphy Prospect drilling. Again, the new Ah results provide much improved targeting of potential copper mineralization. A very strong copper anomaly in the northeastern corner of the property lies along the prominent magnetic ring in a broad target area previously defined by airborne gamma ray spectrometric/magnetic surveys, offering another excellent target.

New “Scorpio” Molybdenum Anomaly
Highest molybdenum values within the new survey form a large anomaly defined by 20 sites over 9 km2, along a strike of more than 3 km (1.8 mi) east of Two Mile Lake. Mo concentrations are 5 to 50 times local background. This strong anomaly lies directly along a NW trending aeromagnetic feature within the Murphy intrusion. The target here may be analogous with the intrusion-hosted, Gold Field’s Woodjam Southeast copper deposit (146.5 million tonnes grading 0.33% copper, with accessory molybdenum, gold, silver) located 17 km north, on adjoining ground.

New Rare Earth Element-Yttrium-Multielement Anomaly
Northeast of Spout Lake, unusual enrichments of rare earth elements (REE) and associated metals occur. High concentrations of copper, yttrium, lanthanum, gallium, lithium, uranium, thorium and selenium are accompanied by elevated levels of beryllium, gallium and hafnium. Property-wide, this elemental assemblage is unique and may reflect mineralized pegmatitic occurrences containing copper or REE potential within the Murphy intrusion.

The new Ah-horizon soil survey has exceeded our expectations, providing several new, large copper, gold, molybdenum and multi-element anomalies centered over known mineralized and unexplored areas. GWR’s technical and management teams are encouraged by this exciting new geochemical layer and the improved exploration focus it provides within known mineralized areas at Peach, Aurizon and Miracle prospects. Our 2013 exploration plan includes new detailed ground magnetometer and induced polarization surveys over the Scorpio and possibly other anomalies before break-up to support summer exploration and drilling. We are confident we can meet our goal to continue to define new mineralized zones to build upon the existing Resource at Lac La Hache. As part of the path to grow the Resources at Lac La Hache the Company is actively pursuing Strategic Alliances to maximize return to its shareholders through enhanced geological knowledge, capital availability and market awareness of the Company and the potential of its Lac La Hache property.

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 containing commercial grades 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.

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:

John van Driesum, President/CEO
Telephone Number: 778-440-4472

Rob Shives, VP Exploration
Telephone Number: office 250-396-4978 / cell 613-882-1755

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.

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.

Keep up
to date:

Email Updates Subscribe

©2023EnGold Mines Ltd.
All rights reserved.