WMRSF Website   |   Corporate Info   |   WMRSF Properties   |   WMRSF Investor Relations       

Breaking News Alert - WESTMINSTER RESOURCES LTD. (OTCQX: WMRSF)


SIERRA TARGET DISCOVERY


Seventeen Samples Average 4.8% Cu, 101 g/t Ag and 4.4 g/t Au

Vancouver, BC - (October 18, 2013) - WESTMINSTER RESOURCES LTD. (OTCQX: WMRSF) reports that its field crews have made a discovery (the “Sierra Target”) on its 100% owned El Cobre property Sonora, Mexico. The new Sierra Target consists of hydrothermal breccias, with diatreme characteristics and occurs in Miocene volcanic units at an elevation of some 700 meters above, and further to the East of Westminster’s Montoso porphyry system currently being explored under option by Capstone Mining Corp. Seventeen hand samples were collected and assayed using various ore grade methods which determined an average grade of 4.8% copper, 101 g/t silver (400 g/t cutoff) and 4.4 g/t gold. The slabbed rock samples contained no obvious sulphides but were rich in barium and iron (hematite ranging from about 3% to 12% Fe). The accompanying table shows the highest contents of silver assayed 1,479 g/t (47.4 oz/t), gold 21.79 g/t (0.69 oz/t) and copper 10.2% with these values reported from 3 different samples. These breccias also appear to be rich in bismuth, mercury and tungsten and represent a new deposit type for the Company’s Sonora properties. See http://www.westminsterres.com/s/El_Cobre_Property.asp?ReportID=607894

The steeply dipping breccias appear to be in a fluidized zone where crackle, jigsaw and rock flour cemented matrix textures are present. The variable nature of the clasts is very evident as some are green colored with malachite or chrysocolla while other samples without significant copper oxides also contain high percentage grades of copper. Two separate exposures about 150 meters apart were likely explored in the 1950s by hand mining for the high-grade silver in brecciated material.

The company plans to further map and systematically sample the target area. The previously flown VTEM and MAGNETIC Surveys have identified conductive and high-low magnetic patterns which may indicate hydrothermal activity in the area associated with the breccia hosted mineralization.

Preparation and Analyses

Representative hand samples collected from the Sierra target breccia were shipped to Canada where they were sawn and slabbed. The offcut rock portions were numbered and sent for sample preparation at Acme Laboratories Vancouver. The numbered slabs were kept for reference and mineralogical investigation. Acme Labs used the prepared pulps to determine elemental and metal contents by assay and check analysis including methods 1F06, G814, G613, 7TX, 7TD, G6Gr, 4AB1, 2X and G1E.

This assay and geochemical characterization of the high grade Sierra breccias mineralization now has provided the Company with the best assay methodology to use during its systematic sampling of the Sierra target area.


About Westminster:

Managed by an experienced exploration team the Company 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 the exclusive right under a formal Joint Venture Agreement to earn a further 11% interest by expending an additional $3 million by December 31, 2014 and can 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.

Qualified Person pursuant to NI 43-101, Mr. Glen Macdonald, P.Geol., Chairman of the joint Westminster Resources-Capstone Mining Cumbral Project Exploration and Management Committee and Director of Westminster Resources, has reviewed and approved the technical information contained in this news release.

For further information regarding Westminster Resources Ltd., please contact Leif Smither or Fulvio Scrigner at 604-608-0400, Toll Free: 1-877-608-0007 or visit our website at www.westminsterres.com

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

SOURCE: WESTMINSTER RESOURCES LTD. (OTCQX: WMRSF).



Disclaimer

FN Media Group LLC (FNMG) owns and operates FinancialNewsMedia.com (FNM) which is a third party publisher that disseminates electronic information through multiple online media channels. FNMG's intended purposes are to deliver market updates and news alerts issued from private and publicly trading companies as well as providing coverage and increased awareness for companies that issue press to the public via online newswires. FNMG and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. The companies that are discussed in this release may or may not have approved the statements made in this release. Information in this release is derived from a variety of sources that may or may not include the referenced company's publicly disseminated information. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. While this information is believed to be reliable, such reliability cannot be guaranteed. FNMG disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. This release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies discussed in this release is highly speculative and carries a high degree of risk. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. This release is not without bias, and is considered a conflict of interest if compensation has been received by FNMG for its dissemination. To comply with Section 17(b) of the Securities Act of 1933, FNMG shall always disclose any compensation it has received, or expects to receive in the future, for the dissemination of the information found herein on behalf of one or more of the companies mentioned in this release. For current services performed FNMG has been compensated one thousand five hundred dollars for Westminster Resources Ltd (OTCQX: WMRSF) news coverage of the current company issued press release. FNMG HOLDS NO SHARES OF Westminster Resources Ltd (OTCQX: WMRSF). FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.