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Company Information for Westminster Resources Ltd

Company stock charts - 6 Month chart

Exchange TSX.V; WMR


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Company Statement

Westminster is a new resource company focused on acquisition and development of premier mineral properties in Mexico. Growth opportunities are fast tracked using “state of the art” mineral exploration methods leading to aggressive drilling and potential resource definition. Management believes Mexico offers opportunities for cost effective large scale discoveries in a politically stable NAFTA Country.

The management team has demonstrated the ability to advance early stage exploration prospects to development assets. This team is the nucleus of a group that has over the past decade raised in excess of $100,000,000 in exploration funding.


Current Operations

Navajoa, Mexico - WMR
Location: Navajoa, Mexico

Westminster's objective was to acquire and define under-explored targets that are drill ready and have the potential to evolve into large-scale discoveries. The company's first thrust has been achieved with its acquisition of a new mineral district-scale property near Navojoa, Sonora, Mexico. The state of Sonora contains world-class, precious and base-metal reserves and producing mines. This attractive region has a strong mining history and culture with favorable permitting and infrastructure that allow for aggressive year-round exploration.

Navajoa:
Geology & Mineralization
Widespread surface alteration and mineralization suggests that at least three potential centers of gold-copper skarn and granite-hosted porphyry systems occur within the approximate 10 kilometer by 21 kilometer area of contiguous claims. Topographic high outcroppings of malachite (copper) stained oxidized skarns in proximity to or at the contact with multiphase porphryritic granitoid bodies contain garnet, actinolite, tremolite, epidote, and magnetite mineral assemblages. Red box work limonite (after chalcocite) veins and fractures cross cut the skarn bodies. These oxidized leached veins contain remmanent copper values and upon crushing pannable gold is recovered. Although not yet mapped on a deposit scale, the district features widespread zones of hydrothermally altered metasediments and granitic bodies. Propylitic (chlorite-epidote), potassic (biotite), phyllic (sericite), and argillic (kaolinite-alunite) alteration zones typical of well developed gold-copper porphyry systems are proximal to the known skarns.

Navajoa Project Highlights:

  • Within the 90-40 ma Laramide Granite Intrusion & Related Porphyry Belt
  • Geologically inline with the "Great Cluster" Porphyry Copper Deposits
  • Project claim size of 181 sq Km
  • Supported by sound infrastructure
     - i.e. Highways, Railroads
  • Based in the politically stable NAFTA Country
  • Opportunities for cost effective large scale discoveries

Future of Navajoa
Drilling Plans & Direction of Project

The Property's first ever drill program will start in May, 2009 targeting outcropping gold-copper skarn bodies and also an area where an Induced Polarization (IP) geophysical survey chargeability anomaly has been interpreted as a response to elevated levels of sulphide mineralization. The anomalous IP response underlies rusty, leached, iron oxide capping outcrop and includes a presumed supergene enriched blanket (chalcocite?) preserved under flat lying young Tertiary volcanic cover adjacent to the exposed leached areas. This 2.5 kilometer by 1.5 kilometer long modeled chargeability IP anomaly is associated with the central porphyry system and is open in all directions.

The Company has assembled a strong professional Mexico based support team who will continue to assist in all phases of acquisition, permitting, exploration and development of the Navojoa Project.
Situated in the 70 sq mile New Copper & Gold Mineral District of Mexico Surrounded by Gold-Copper Porphyry Systems and operating mines  - i.e. Cananea, La Caridad, Piedras Verdes


Geographical Spread


Board of Directors and Key Management

Glen Indra, B.COMM President and Director
Glen Macdonald, P.GEO Director
Greg Agar Director
Bruce Ballantyne, B.SC. Project Manager
Jamie Lavigne, MSC.P.GEO Technical Adviser
Alberto Martinez, P.ENG MBA Technical Adviser
Oleg Scherbina, MA. ACCTCFO

Company Address

Suite 488 - 625 Howe St.
Vancouver, British Columbia, Canada V6C 2T6

Telephone:(604) 608-0400
Facsimile:(604) 602-9330
Email:mdake[at]westminsterres.com
Website:http://www.westminsterres.com

Additional Address/Key Contact

Corporate Development: Leif Smither - lsmither@westminsterres.com

Capital

Issued & Outstanding - 34,447,000
Fully Diluted - 44,839,500

Annual General Meeting

TBC

Year End

31st May

Nominated Brokers

CANACCORD CAPITAL CORPORATION
VANCOUVER, B.C. CANADA

Nominated Advisors

JOHN KIRK, V.P. SENIOR INVESTMENT ADVISOR

Major Shareholders

MANAGEMENT - 30%

Related News

04/05/10 - Westminster Resources Has Identified A New Copper-Gold Porphyry District In Mexico
07/07/09 - Westminster Resources Makes Significant Progress In Its Hunt For Big Copper-Gold Porphyries in Mexico

Most Recent Statement

08/10/09 - Westminster Resources Ltd.: High Grades of Silver and Gold Confirmed at Navojoa Porphyry Targets
24/09/09 - Diamond Drill core results MWN 09-05 Navojoa Project
04/09/09 - Navojoa gold-copper porphyry project update
21/07/09 - Navojoa Gold-Copper Porphyry Project Status Report
13/05/09 - Westminster Closes Unit Private Placement
09/04/09 - Westminster Announces Unit Private Placement

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