Westminster Resources (TSX-V:WMR) (OTCQX:WMRSF) reports that it has mobilized a field crew to commence detailed and systematic outcrop sampling of its 100% owned, newly-discovered Sierra Diatreme Breccia target in Sonora, Mexico. Discovery results from seventeen grab samples of mineralized hydrothermal diatreme breccia gave assayed grades averaging 4.8% copper, 101 g/t silver and 4.4 g/t gold.
The initial 2014 Sierra program will include mapping, trenching and channel sampling of the young volcanic breccia complex. It is located approximately 700 meters above older basement rocks hosting porphyry system styles of mineralization further to the East. A drill campaign is planned as a second stage of exploration.
Glen J. Indra, President said: “We look forward to another busy year exploring our 100% owned Sonora properties, starting with the Sierra Target that has already produced exciting preliminary grades.”
Managed by an experienced exploration team, Westminster is focused on exploring and developing prospects on a land package of approximately 53,613 hectares of contiguous mineral concessions in Sonora, Mexico. These concessions constitute a mineral district scale property serviced by roads, power and water. Approximately 10,109 hectares comprise the Cumbral-San Bartolo option project with Capstone Mining Corp. Capstone has secured a 49% interest in the project having spent $3.3 million to date. Capstone Mining Corp. has elected to assume operatorship of the project in January 2014 under the terms of the Option Agreement where they may earn a further 11% interest by expending an additional $3 million by December 31, 2014. Capstone Mining Corp. may earn a further 10% interest by expending an additional $3 million before December 31, 2015, bringing their total expenditures to $9.3 million to earn a 70% interest.
Westminster’s exploration continues in 2014 on its additional 43,000 hectares of mineral concessions where numerous prospective mineralized targets have been identified.
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