Western Pacific Resources' CEO Warwick Smith Discusses Gold Exploration in Idaho on Midas Letter Money
(Thomson Reuters ONE) -
Western Pacific Resources Corp (TSX.V:WRP) (OTCBB: WRPSF) CEO Warwick Smith
discusses the merits of the company's various projects in Idaho and Nevada in
this interview with James West on Midas Letter Money. Western Pacific is
drilling on the project and has seen recent success from drilling, such as
12.2m of 1.37 grams per tonne gold at Mineral Gulch, including 7.6m of 1.88
grams per tonne gold.
A recent magnetic survey returned encouraging results.
"This survey is the first of its kind, in scope and magnitude, to be performed
in the Mineral Gulch area. It substantiates and justifies the additional
geochemical and structural data generated by Western Pacific. We are highly
encouraged by the final products," stated Eric Saderholm, Western Pacific
President. "We hoped that the old leach pad material and pits would have unique
magnetic "signatures" that we could use to identify other altered and
prospective targets and they certainly do. The pits and leach pad show rock with
strong magnetic "depletion" interpreted to be related to emplacement of the gold
systems. The most exciting thing is how large these areas are within the land
package and how far out they extend from past mining activity. This magnetic
survey extends these "depletion signatures" approximately 2500 meters south of
the E Pit, 2500 meters SW of the C/D Pit and 1000 meters northeast of the A Pit,
clearly highlighting the important northeast and northwest-striking faults. This
opens up a very large area for additional exploration and potential discovery."
Click on the image (or copy and paste the link into your browser window) below
to watch the video in a new browser window:
http://www.midasletter.com/index.php/western-pacific-resources-ceo-warwick-
smith-discusses-gold-exploration-in-idaho-on-midas-letter-money/
The full transcript of the interview is available here:
http://www.midasletter.com/index.php/western-pacific-resources-ceo-warwick-
smith-discusses-gold-exploration-in-idaho-on-midas-letter-money/
About Western Pacific
Western Pacific is a gold explorer focused on acquiring advanced-stage projects
in the Western United States, and has the right combination of exploration and
financial professionals to succeed in making a world class gold discovery. For
more information, please visit our website atwww.westernpacificresources.com.
About Midas Letter Money
Midas Letter Money is the show about commodities, energy, and natural resources
and the public companies who seek for and develop them. Hosted by James West and
distributed to 450,000 installed subscribers to the Thomson Reuters Insider
platform, the show is available at insider.thomsonreuters.com or at
http://www.midasletter.com
Contact: James West
midasletter(at)midasletter.com
http://www.midasletter.com
(416) 598-9181
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Midas Letter Portfolio Advisors AG via Thomson Reuters ONE
[HUG#1607980]
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Datum: 02.05.2012 - 09:01 Uhr
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