White Pine Resources Exploration Update for the 'Ring of Fire'
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TORONTO, ONTARIO, Apr 06 (MARKET WIRE) --
White Pine Resources (TSX VENTURE: WPR) ("White Pine") is pleased to
report an update on it's exploration efforts on two joint ventures
located in the 'Ring of Fire', James Bay Lowlands.
LUC BOURDON JOINT VENTURE
The White Pine Resources (TSX VENTURE: WPR) ("White Pine), Noront
Resources (TSX VENTURE: NOT) ("Noront") and Golden Valley Mines (TSX
VENTURE: GZZ) ("Golden Valley") Joint Venture Project has recently
completed one hole each at the G1 and G3 anomalies. These anomalies were
selected following positive results from a 2009 spring drilling program
(see press release June 26, 2009) and a ZTEM survey which identified low
resistivity anomalies directly over these zones suggesting that they
could also continue potentially to greater depth (see press release
November 3, 2009). These anomalies were the target of deeper additional
drilling in January and February of this year.
Drill hole G1-10-06, drilled to intersect the massive sulphide horizon at
a vertical depth of 450m, again intersected massive sulphides from
498.85-506.45m downhole which assayed 1.68 %Zn, 0.35%Cu and 0.18%Pb over
7.60m. Included in this interval from 498.85-503.0m downhole was 2.84%Zn,
0.46%Cu and 0.28%Pb over 4.15m.
Drill hole G3-09-03 drilled to intersect the massive sulphide horizon at
a vertical depth of 550m, again intersected massive sulphides from
596.12-596.28m which assayed 3.75%Zn, 0.025%Cu and 0.25%Pb over 0.16m.
JAMES BAY LOWLANDS JOINT VENTURE
The White Pine, Metalex Ventures Ltd. (TSX VENTURE: MTX) ("Metalex"), and
Arctic Star Diamond Corp.'s (TSX VENTURE: ADD) ("Arctic Star") Joint
Venture Project also completed some deep drilling at the 501 Zn-Cu-Ag
discovery (see press release June 4, 2008). Previous drilling on the 501
has outlined a mineralized envelope 200m along strike and vertically for
275m. Hole DH501-45 targeted the main zone at approximately 650m
vertically, but failed to intersect any significant mineralization.
Anomaly 13-1 was also drilled during the winter campaign. (see press
release November 3, 2009). A mineralized section of disseminated to
stringer pyrite-pyrrhotite between 181.5-187.4m yielded weakly anomalous
Cu and Zn values over 5.9m.
Drill coordinates for the winter program are found in the following
table. Holes DH501-42 and DH501-44 were abandoned due to excessive
deviation.
---------------------------------------------------------
Anomaly Hole No. UTM n UTM e Azi Dip Length
---------------------------------------------------------
---------------------------------------------------------
Luc Bourdon
G1 G1-10-06 5903685 515510 335 -65 727
G3 G3-10-03 5904235 520344 0 -65 735
Metalex JV
501 DH501-42 5901250 522660 270 -82 441
DH501-44 5901250 522660 270 -82 201
DH501-45 5901325 522600 250 -82 762
13-1 DH13-1-1 5857900 551885 120 -60 261
---------------------------------------------------------
The exploration programs were managed by White Pine for the Joint
Venture partners under supervision of Mike Kilbourne, P.Geo, President,
White Pine Resources Inc. Mr. Kilbourne prepared this release and states,
"We remain optimistic the 'Ring of Fire' has the potential to host
significant VMS deposits, and we will continue to explore this important
region. These recently completed deeper holes will enable us to complete
some downhole EM on these key sulphide horizons".
On-site Quality Assurance/Quality Control Measures
All samples have been shipped to ACTLABS preparation laboratory in
Thunder Bay Ontario. Analyses will be performed in the ACTLABS laboratory
in Ancaster, Ontario. All core samples were selected by the White Pine
site geologist, and were cut in half by diamond core saw. Individual
samples were labeled, placed in plastic sample bags and sealed. Groups of
samples were then placed into durable rice bags that were secured by
project security tags for shipping. The remaining coarse reject portions
of the samples remain in storage at the ACTLABS preparation laboratory
storage facility in Thunder Bay as required in the event that further
work is needed.
Independent Quality Assurance and Quality Control Protocol
A QA/QC program has been implemented to monitor all assays from the
current drilling program. Samples are assembled in numbered batches of 35
samples. Included in each batch of 35 samples are two certified reference
standards, two laboratory duplicates, one blank sample comprised of
sterile drill core and one core duplicate sample. This QC program was set
up for White Pine Resources by Tracy Armstrong, P.Geo, of T.J. Armstrong
Geological Consulting Inc. Ms. Armstrong is a qualified geologist in the
Provinces of Ontario and Quebec.
Forward looking statements: Certain information set forth in this news
release may contain forward-looking statements that involve substantial
known and unknown risks and uncertainties. These forward-looking
statements are subject to numerous risks and uncertainties, certain of
which are beyond the control of WPR, including but not limited to the
impact of general economic conditions, industry conditions, volatility of
commodity prices, risks associated with the uncertainty of resource and
reserve estimates, currency fluctuations, dependence upon regulatory
approvals, the unavailability of future financing and exploration risk.
Readers are cautioned that the assumptions used in the preparation of
such information, although considered reasonable at the time of
preparation, may prove to be imprecise and as such, undue reliance should
not be placed on forward-looking statements.
Shares Outstanding: 23,292,659
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:
White Pine Resources
John Tait
Chief Executive Officer
(416) 628-5905
jtait@347bay.com
www.whitepineresources.ca
Copyright 2010, Market Wire, All rights reserved.
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