La Quinta Resources Announces Panel Sampling of 1700 g/t Silver at BlackJack
December 06 2010 - 8:30AM
Marketwired
La Quinta Resources Corporation ("La Quinta" or "The Company") (TSX
VENTURE: LAQ) is pleased to announce historical sampling results
from its BlackJack project located in northeastern Nevada.
BlackJack meets La Quinta's business model of expanding a small
high grade past producer to a modest producer:
-- Blackjack claim area has 3,500 ft of veins' strike known at surface.
-- There is 1,200 ft of strike length opened up from past production.
-- Veins widths vary from one foot to twenty feet.
-- Past production was from small selective mining by hand for direct
shipping to a Utah smelter with shipping records showing values of 430
oz/ton silver and 30% lead.
-- As the potential processing plant would not use cyanide, permitting will
be less complicated.
-- Nevada is mining friendly and the work force nearby from Elko and Carlin
is a source of capable underground miners.
The property owners recently provided La Quinta with results
from reconnaissance sampling performed in 2001 and 2007 that
confirms the occurrence of high grade silver and lead grades
indicated by past direct shipping material from the 1,200 ft of old
workings. These values are naturally no indication of a modern
mining operation, but do confirm the strength of the mineralized
system at this upper level of the system. Samples were taken both
from underground workings and from surface veins and the limestone
host rocks. All samples were analyzed at ALS Chemex Laboratories in
its Reno Nevada and Vancouver BC facilities. Assay certificates are
available in the files, as are assay pulps and coarse fraction
rejects. No standards or duplicates were included by the owners due
to the small sample population, but the laboratory implements its
own internal QA/QC program in compliance with industry
standards.
SAMPLE Au Au Ag Ag Cu Pb Zn Sb SAMPLE
NUMBER g/t Oz/st g/t oz/st % % % % DESCRIPTIONS
--------------------
1-072807 0.046 0.001 419 12.2 0.083 6.38 2.19 0.2 Quartz-calcite-
galena-tetrahedrite
veins, 2ft x 4ft
panel. Surface.
--------------------
2-072807 0.099 0.003 1010 29.5 0.027 11.6 5.18 0.06 Quartz-calcite-
galena-tetrahedrite
veins. Surface. 2ft
x 4ft panel.
--------------------
3-072807 0.02 0.001 153 4.5 0.002 2.8 2.27 0.03 Quartz-calcite vein.
200' above Main
Portal. Surface;
chips taken across
6ft x 11/2 ft.
--------------------
4-072807 0.07 0.002 569 16.6 0.159 0.877 0.68 0.06 Stockwork quartz-
calcite veins,
prospect pit btwn
Main Portal & West
Adit. Surface.
Representative
composite of veins
and wallrock.
--------------------
5-072807 2.35 0.069 338 9.9 0.186 5.1 1.3 0.23 3 composite 1ft x
2ft panels at West
Adit portal. Surface
samples.
--------------------
BJS #1 0.098 0.003 131 3.8 0.002 2.35 0.72 0.24 Shrinkage stope
stockpile@ end of SE
drift;
representative slope
sample.
--------------------
BJS #3 0.184 0.005 1700 49.6 0.002 22.5 0.78 0.09 Banded quartz-galena
vein. #2 West
stope; pillar;
3'x4.5' panel.
Replicate of 2001-2.
--------------------
BJS #4 0.022 0.001 571 16.7 0.008 3.83 1.3 0.13 Chips from 3
parallel veins 1ft -
4ft wide x 10 ft
long. Surface, SE
part of property.
--------------------
2001-1 less less 2679 78.2 0.005 34.9 1.46 0.01 Grab. #1 East Stope.
than than Gob grab.
0.07 0.002
--------------------
2001-2 less less 3087 90.1 0.002 37.7 0.8 0.02 Grab. #2 West stope,
than than pillar/gob grab.
0.07 0.002
--------------------
La Quinta's technical staff is planning detailed sampling over
these areas during the 2011 field season in conjunction with
preparation of a technical report on the property.
CEO Glen Watson said, "We are excited to continue work on this
project. The grades of mineralization found here to date indicate
that BlackJack will become a valuable property for La Quinta over
the next few years. Winter conditions have closed access to the
property for the 2010 field season. La Quinta remains active on its
flagship Easter project through the winter months."
The information contained in this news release has been
reviewed, approved and deemed relevant by Walter Martin, C.P.G., a
qualified person as defined under National Instrument 43-101 and
president of La Quinta.
About La Quinta Resources Corporation
La Quinta is a junior precious metals exploration company
actively seeking mineral opportunities for the benefit of our
stakeholders. Currently the Company is focused on exploring for
gold and silver on its Easter Project and Black Jack properties in
Nevada. The Easter Project is underlain by an epithermal
quartz-adularia vein stockwork system hosted within Tertiary
volcanic rocks of the Caliente Caldron Complex of southeastern
Nevada. Numerous drill programs were conducted over the past 27
years by several operators. The resultant 121 holes and five adits
were used to outline a 43-101 compliant resource of 2.6 million
tons at 1.3 g/t gold (0.038 oz/t) and 14 g/t silver (0.4 oz/t)
within an area of gold mineralization with a strike length of at
least 6,450 feet (1,966 m) and drill-defined widths up to 90 feet
(27.4 m). Significant prior intercepts include up to 0.194 oz. Au /
ton over 90 feet (6.6 g/t over 27.4m true thickness) (including
0.549 oz. Au / ton over 15 feet (18.8 g/t over 4.5m)) and 0.084 oz.
/ ton over 110 feet (including 0.534 oz. Au / ton over 5 feet)
(2.88 g/t over 33.5 m w/internal 18.3 g/t in 1.52 m). The Black
Jack property, an early-stage exploration target in NE Nevada,
consists of old mine workings that contain silver- gold-base metals
veins hosted in Ordovician limestones that overlie nearby Cambrian
shale. No resource has been identified on this property.
On behalf of the board
Glen Watson, CEO and Director
La Quinta Resources Corp.
This document includes forward- looking statements. When used in
this document, the words "potential", "plan", "could", "estimate",
"expect", "intend", "may", "should", and similar expressions are
intended to be among the statements that identify forward-looking
statements. Although La Quinta believes that their expectations
reflected in these forward-looking statements are reasonable, such
statements involve risks and uncertainties and no assurance can be
given that actual results will be consistent with these
forward-looking statements.
SEC 12G file#82-35061
"Neither 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."
Contacts: La Quinta Resources Corporation Glen Watson CEO and
Director 1(604) 803-5229 / 1(604) 684-4653
info@laquintaresources.com www.laquintaresources.com
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