La Quinta Resources Appoints Ed Baer to the Board
10 May 2011 - 11:00PM
Marketwired
La Quinta Resources Corporation (TSX VENTURE: LAQ)(FRANKFURT: LQK)
("La Quinta"), is pleased to announce the appointment of Eduardo
Baer as a Director to the board of La Quinta. Mr. Eduardo (Ed) Baer
brings over 25 years of professional experience to La Quinta
Resources, encompassing business development, strategic planning,
and management expertise with a focus in the natural resource
sector.
Most recently, Mr. Baer has been instrumental in advancing the
development of TSXV listed International PBX Ventures. Mr. Baer, in
his capacity as interim President and CEO, completed the
turn-around of European Goldfields Ltd. Prior to European
Goldfields, Mr. Baer served in a senior corporate finance and
investor relations capacity to TSX listed Greystar Resources Ltd.,
and held senior executive positions with TSX and NYSE listed TVX
Gold Inc. Mr. Baer held executive directorships at both European
Goldfields and TVX Gold. Mr. Baer holds a Master of Science
(Leadership) degree with Highest Distinction from Northeastern
University and is currently completing an LLM degree from Osgoode
Hall Law School/York University. Mr. Baer obtained the Institute of
Corporate Directors' ICD.D designation in 2009.
Glen Watson, CEO of the Company stated: "We are particularly
enthusiastic about Mr. Baer joining our Board of Directors. His
financial expertise represents a significant addition to our
team."
Pursuant to the Stock Option Plan as approved by shareholders at
the last Annual General Meeting, La Quinta announces the granting
of 400,000 incentive stock options to Mr. Baer. The options vest
immediately and are exercisable at CAN$ 0.10 for a term of five
years. The granting of the said options is subject to acceptance by
the applicable securities bodies.
About La Quinta Resources Corporation
La Quinta is a junior precious metals exploration company
actively seeking mineral opportunities for the benefit of our
stakeholders. Currently the Company is focused on exploring for
gold, silver and copper on its Easter and Black Jack properties in
Nevada and on Carruthers Pass , British Columbia. The Easter
Project is underlain by an epithermal quartz-adularia vein
stockwork system hosted within Tertiary volcanic rocks of the
Caliente Caldron Complex of southeastern Nevada. Numerous drill
programs were conducted over the past 27 years by several
operators. The resultant 121 holes and five adits were used to
outline a 43-101 compliant resource of 2.6 million tons at 1.3 g/t
gold (0.038 oz/t) and 14 g/t silver (0.4 oz/t) within an area of
gold mineralization with a strike length of at least 6,450 feet
(1,966 m) and drill-defined widths up to 90 feet (27.4 m).
Significant prior intercepts include up to 0.194 oz. Au / ton over
90 feet (6.6 g/t over 27.4m true thickness) (including 0.549 oz. Au
/ ton over 15 feet (18.8 g/t over 4.5m)) and 0.084 oz. / ton over
110 feet (including 0.534 oz. Au / ton over 5 feet) (2.88 g/t over
33.5 m w/internal 18.3 g/t in 1.52 m). The Black Jack property, an
early-stage exploration target in NE Nevada, consists of old mine
workings that contain silver- gold-base metals veins hosted in
Ordovician limestones that overlie nearby Cambrian shale. The
Carruthers Pass property is a massive sulfide project with copper,
gold and silver located 70km south of Kemess copper-gold mine. The
project consists of 8 claims covering 3,250 hectares. No resources
have been indentified in either Black Jack or Carruthers Pass
properties.
On behalf of the board
Glen Watson, CEO and Director
This document includes forward- looking statements. When used in
this document, the words "potential", "plan", "could", "estimate",
"expect", "intend", "may", "should", and similar expressions are
intended to be among the statements that identify forward-looking
statements. Although La Quinta believes that their expectations
reflected in these forward-looking statements are reasonable, such
statements involve risks and uncertainties and no assurance can be
given that actual results will be consistent with these
forward-looking statements.
SEC 12G file#82-35061
"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: La Quinta Resources Corporation Glen Watson CEO and
Director 1(604) 803-5229 / 1(604) 684-4653
info@laquintaresources.com www.laquintaresources.com
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