La Quinta Resources Corporation (TSX VENTURE:LAQ) reported that it has received assays for the initial phase of drilling on its Easter Project located in southeast Nevada.
The phase one drilling program conducted during the summer was a success, as La Quinta proceeds to earn a majority working interest in the project from Fronteer Development. The primary intent of the program was to ensure that no exposed mineralization was overlooked in La Quinta's assessment of the project. The assay results show gold mineralization in every hole drilled.
La Quinta drilled 2,290 ft (698 m) of reverse circulation percussion drilling in 11 drill holes sited in the previously undrilled outcrop of the Main Vein at Easter. Hole depths ranged from 200 ft – 225 ft (61-68.6 m). The holes, numbered from #15 on the west to #5 on the east, were spaced approximately 100 ft (30.5 m) apart. The holes were angled at 35-45 degrees from horizontal. The reported intercepts are not true thickness. Unexposed faults were encountered in several holes, with gouge zones ranging from 30 - 100 ft (9.1 - 30.5m) offsetting anticipated mineralization.
Mineralization of the rhyolitic crystal tuff host rock includes stockwork quartz veining, quartz-adularia veining and pervasive quartz-adularia replacement of the tuff. These types of alteration are similar to those found at numerous low sulfidation volcanic hosted gold – silver deposits in Nevada.
Assays have been received from all the reverse circulation drill holes. Geochemically anomalous gold, silver + arsenic, antimony, lead, and molybdenum values were encountered in the drill holes. Gold and silver grades similar to or exceeding that in the average grade of the indicated resource (see below) included:
CEO Glen Watson said, "Our technical staff reports that these results confirm the hypothesis that the exposed Easter vein system is at the upper levels of the precious metals horizon typical to a low sulfidation epithermal vein model. The scenario is consistent with management's viewpoint that infill drilling downdip of the indicated resource should commence as soon as possible."
In addition to drilling, reconnaissance sampling of surface rock chips from subcrop approximately 0.5 mi (0.8 km) west of RCDH#6 discovered gold and silver mineralization in distinctively colored quartz veining similar in appearance to that found in drill hole 6 at interval 180-195 ft (54.9-59.5 m). The area, on the western edge of the West Vein zone, returned 0.105 oz/st gold and 0.61oz/st silver [3.5 g/t gold and 21 g/t silver]. No drilling has been done on this area previously. La Quinta's technical staff plans follow-up detailed sampling of this area in addition to infill drilling planned this Fall for the downdip extension of the existing indicated resource at the Main Vein.
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.
Source: La Quinta Resource Corporation