WMR-TSX.V
WMRSF-OTCQX
VANCOUVER, Dec. 12, 2013 /CNW/ - Westminster Resources Ltd.
(WMR-TSX.V) is pleased to report that it has been advised by
Capstone Mining Corp. that they will be continuing exploration, as
operator, on the Cumbral-San Bartolo project, during 2014, in
accordance with the terms of the existing option agreement.
Permitting and planning for exploration, which will focus on
diamond drilling, is in progress.
Glen Indra, President of Westminster states "This is a significant
event for our corporation, during these difficult times in the
mining industry, to have the continued support of a well funded and
experienced mining team. We are most encouraged and look forward to
continued success on this project."
ON BEHALF OF THE BOARD OF DIRECTORS
WESTMINSTER RESOURCES LTD.
"Glen J. Indra"
About Westminster:
Managed by an experienced exploration team,
Westminster is focused on
exploring and developing prospects on a land package of
approximately 51,767 hectares of contiguous mineral concessions in
Sonora, Mexico. These
concessions constitute a mineral district scale property serviced
by roads, power and water. Approximately 10,109 hectares
comprise the Cumbral-San Bartolo option project with Capstone
Mining Corp. Capstone has secured a 49% interest in the
project having spent $3.3 million to
date. Capstone Mining Corp. has elected to assume operatorship of
the project in January 2014 under the
terms of the Option Agreement where they may earn a further 11%
interest by expending an additional $3
million by December 31, 2014.
Capstone Mining Corp. may earn a further 10% interest by expending
an additional $3 million before
December 31, 2015, bringing their
total expenditures to $9.3 million to
earn a 70% interest.
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. The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this
release.
SOURCE Westminster Resources Ltd.
