| | Publié le 17 février 2011 | Phase 1 Drill Program Commences at Caldera Gold Project, Mexico |
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News Release - Thursday, February 17, 2011 Phase 1 Drill Program Commences at Caldera Gold Project, Mexico
Windstorm Resources Inc. (TSX-V: WSR, "Windstorm" or "the Company") is pleased to announce that a minimum 3,000 m core drilling program is now underway on its Caldera gold project located in Puebla State, Mexico, 10 km from Almaden Minerals Ltd.'s (TSX-V: AMM, "Almaden") new Ixtaca Zone discovery on its Tuligtic property. Please refer to the Caldera Project Map for the property location.
http://www.windstormresources.com/i/maps/Property_Location_Map.jpg
The road accessible Caldera project was discovered by Almaden in 2007 and lies at the eastern end of the Trans Mexican Volcanic Belt. The property covers an 8km by 2km zone of intense acid sulphate alteration, including zones of massive to vuggy silica, quartz-alunite and kaolinite that appears to represent the very top levels of a well-preserved high sulphidation epithermal precious metal system. Exploration tools utilized to date include geological mapping, rock chip sampling, soil geochemical sampling and IP (Induced Polarization) geophysical surveys. The target at Caldera is a bulk tonnage gold deposit where mineralization is anticipated to most likely occur in association with zones of silica enrichment, which are electrically resistive, and disseminated sulphide mineralization, which typically produces an IP chargeability anomaly. Anomalously enriched values of gold and related pathfinder elements (arsenic -- As, bismuth -- Bi and antimony -- Sb) detected in surface rock and soil samples may be a reflection of more concentrated precious metals mineralization at depth. Three high priority target areas have been selected for testing in the Phase 1 drill program.
Pedernales Zone: The main focus of the drill program will test Pedernales, where the strongest gold soil anomaly encountered on the property to date occurs surrounding a zone of strong silicification. Within the soil anomaly, Au values range from 2 to 390 ppb (parts per billion), As ranges from 3.5 to 225 ppm (parts per million), Bi from .2 to 15.5 ppm and Sb from .3 to 246 ppm. The soil anomaly is underlain by a resistivity anomaly, portions of which correlate with the observed silica-enriched outcrop. A chargeability anomaly partially coincides with and partially underlies the high resistivity zone. The chargeability/resistivity anomaly is approximately 1,000 m wide and 1,200 m long and is open to the north.
Timimilco Zone: The Company will also drill test the Timimilco Zone, targeting near-surface zones of anomalous resistivity that correlate with extensive outcrop areas of strong silicification. The drill holes will specifically target silicified areas with associated anomalous soil geochemistry (Au -- 1 to 16.7 ppb, As - 3.5 to 67.6 ppm, Bi - .55 to 6.36 ppm, Sb - .1 to 2.73 ppm).
La Ca�ada Zone: At the western end of the Ca�ada Zone, ridge-forming silica outcrops with associated anomalous soil geochemical values (Au -- 1 to 14 ppb, As - .9 to 19 ppm, Bi - .1 to 1.93 ppm, Sb - .14 to .59 ppm) are underlain by zones of anomalous resistivity and, at greater depth, anomalous chargeability. The eastern end of the zone, at lower elevations, is blanketed by younger volcanic cover and, as a result, is defined only by its geophysical signature. It is characterized by a broad zone of anomalous chargeability, up to 1,000 m wide, open to both the north and south, and with local zones of high resistivity.
Please refer to the Windstorm web site for the Caldera project summary. http://www.windstormresources.com/s/Caldera.asp?ReportID=442998 Please refer to the Windstorm website for the Caldera project maps and sections (Figures 1-6). http://www.windstormresources.com/s/Caldera.asp?ReportID=443000
Windstorm has the right to earn up to a 60% interest in the Caldera project from Almaden by issuing 1,000,000 shares and completing $5,000,000 in exploration work over six years. Of the work requirement, $150,000 is a firm commitment to be spent in the first year of the agreement.
The technical information contained in this release has been reviewed by Gerald G. Carlson, Ph.D., P.Eng., a Qualified Person as defined by National Instrument 43-101.
About Windstorm Resources Inc.
Windstorm Resources is a new company focused on precious metals exploration in North America, led by an industry-renowned management team with technical expertise and market experience. Windstorm's Caldera project is highly prospective for the discovery of high sulphidation epithermal gold mineralized system with the potential to host a bulk tonnage gold deposit. Management will continue to evaluate quality drill-ready prospects aiming to build an attractive portfolio of gold and silver projects offering multiple opportunities for discovery success. Windstorm is a member of the Grosso Group, a management company specializing in resource exploration for over 18 years.
ON BEHALF OF THE BOARD
"Gerald Carlson" _______________________________ Dr. Gerald Carlson, President & CEO
For further information please contact:
Corporate Communications Tel: 1-604-687-1828 Toll-Free: 1-800-901-0058 Email: info@windstormresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.
Copyright � 2011 Windstorm Resources Inc. (WSR) All rights reserved. For more information visit our website at http://www.windstormresources.com/ or send email to info@windstormresources.com.
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Windstorm Resources Inc.
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EXPLORATEUR |
CODE : WSR.V |
ISIN : CA97381K1003 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Windstorm Resources est une société d’exploration minière d'argent et d'or basée au Canada. Ses principaux projets en exploration sont KALUM au Canada et CALDERA au Mexique. Windstorm Resources est cotée au Canada. Sa capitalisation boursière aujourd'hui est 7,6 millions CA$ (7,5 millions US$, 5,6 millions €). La valeur de son action a atteint son plus haut niveau récent le 07 janvier 2011 à 0,55 CA$, et son plus bas niveau récent le 15 juin 2012 à 0,03 CA$. Windstorm Resources possède 18 887 000 actions en circulation. |
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