WMR-TSX.V
WMRSF-OTCQX
VANCOUVER, March 17, 2014 /CNW/ - Westminster Resources Ltd.
(WMR-TSX.V) advises that the 2014 exploration program on the
Cumbral-San Bartolo Project, Sonora,
Mexico has commenced. The first drill hole was collared on
March 13, 2014 and core drilling is
proceeding.
In accordance with the terms of the existing
Option Agreement pertaining to the Cumbral-San Bartolo property,
Capstone Mining Corp. will be the 2014 operator of the approximate
10,000 hectare project. The initial focus is the
multi-square-kilometer area of the Montoso porphyry system.
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 53,613 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.
Westminster's
exploration continues in 2014 on its additional 43,000 hectares of
mineral concessions where numerous prospective mineralized targets
have been identified.
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.
