Westminster Receives TSX.V Approval for Acquisition of Lithium Claims in NWT
Dienstag, 12.07.2016 20:45 von DGAP
DGAP-News: Westminster Resources Ltd. / Key word(s): Miscellaneous
Westminster Receives TSX.V Approval for Acquisition of Lithium Claims in NWT
12.07.2016 / 20:39
The issuer is solely responsible for the content of this announcement.
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Vancouver, British Columbia--(Newsfile Corp. - July 12, 2016) - Westminster
Resources Ltd. (TSXV: WMR) (OTC Pink: WMRSF) (FSE: TQ08W1) is pleased to
announce that the TSX Venture Exchange has accepted for filing
documentation relating to the Company's Letter Agreement to acquire a 100%
interest in four Lithium prospective mineral claims located east of
Yellowknife in the North West Territories. The agreement calls for a
payment of $25,000 and the issuance of 500,000 common shares. The original
intended agreement as announced in press release on June 16, 2016 called
for a payment of $25,000 and the issuance of 2,500,000 common shares.
The claims are adjacent to the 92 Resources Corp., Hidden Lake project. One
claim is situated to the East of, and adjacent to, the 92 Resources Corp.
ground covering the LU Dyke, which returned values up to 3.06% Li2O, as
reported in a news release of June 7, 2016. The remaining two claims are
situated adjacent to the 92 Resources Corp. ground in the Southwest. The
claim boundaries extend to the proposed limits of 'Yellowknife Pegmatite
Belt' that 92 Resources Corp. published as an attachment to a news release
dated June 7, 2016.
The Reid lake claim is a few kilometres on possible strike from the Ann
(REID) lake occurrence, listed in the NORMIN database as showing id:
085ISW0011, and recently plotted on a map by 92 Resources Corp. as part of
a news release dated June 7, 2016. The NORMIN showing information includes
reference to a non-43-101 compliant resource: 'drilling in 1956 (AR 082243)
intersected the dyke at depths of over 100 m and demonstrated continuity in
width and grade. A possible resource of 3,335,600 tons grading 1.92% Li2O
is reported in GSC publication 'Canadian Deposits Not Currently Being
Mined' (1989); estimate is from Lasmanis* **
*Potential quantities and grades are conceptual in nature. There has been
insufficient exploration to define a mineral resource and it is uncertain
if further exploration will result in the target being delineated as a
mineral resource.
** A qualified person has not done sufficient work to classify the
historical estimate as current mineral resources or mineral reserves and
the issuer is not treating the historical estimate as current mineral
resources or reserves. Further work must be carried out to verify all
historic information before a resource estimate is possible.
Aurora Geosciences Ltd., of Yellowknife, NT has been engaged to begin a
field exploration program.
The Company advises that work is ongoing on the Guayacan, Gold, Silver and
Copper project in Sonora, Mexico.
The Technical contents of this release were approved by Glen Macdonald,
P.Geo., a qualified person as defined by National Instrument 43-101.
ON BELHALF OF THE BOARD OF DIRECTORS
WESTMINSTER RESOURCES LTD.
'Glen Macdonald'___________
Director
About Westminster:
Managed by an experienced team, Westminster is focused on exploring and
developing prospects on a land package of approximately 17,854 hectares of
continuous mineral concessions in Sonora, Mexico. The Company's focus has
been to assemble and explore unique and newly-discovered targets including
(a) the Guayacan partially unroofed epithermal and copper-gold porphyry
system, and (b) the Sierra Hydrothermal diatreme breccia tertiary rhyolite
hosted structure. Systematic exploration of the Company's new mineral
district is ongoing in this region of Sonora with well-developed
infrastructure, favorable permitting, and a strong mining history and
community support.
For further information regarding Westminster Resources Ltd., please
contact Bill Conlin at 604-608-0400, Toll free: 1-877-608-0007.
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.
This news release may contain forward-looking information which is not
comprised of historical facts. Forward-looking information involves risks,
uncertainties and other factors that could cause actual events, results,
performance, prospects and opportunities to differ materially from those
expressed or implied by such forward-looking information. Forward-looking
information in this news release may include, but is not limited to, the
Company's objectives, goals or future plans. Factors that could cause
actual results to differ materially from such forward-looking information
include, but are not limited to, those risks set out in the Company's
public documents filed on SEDAR. Although the Company believes that the
assumptions and factors used in preparing the forward-looking information
in this news release are reasonable, undue reliance should not be placed on
such information, which only applies as of the date of this news release,
and no assurance can be given that such events will occur in the disclosed
time frames or at all. The Company disclaims any intention or obligation to
update or revise any forward-looking information, whether as a result of
new information, future events or otherwise, other than as required by law.
Neither TSX Venture exchange nor its Regulations 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.
Click on, or paste the following link into your web browser, to view
the associated documents
http://www.newsfilecorp.com/release/21560
News Source: Newsfile
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Language: English
Company: Westminster Resources Ltd.
Canada
ISIN: CA9607552051
End of News DGAP News Service
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481639 12.07.2016