Trust Intelligence

GWR Acquires Options to Purchase Additional Claims in Lac La Hache
Tuesday December 11, 10:06 pm ET

ARMSTRONG, BC, Dec. 11 /CNW/ - GWR Resources Inc. ("GWR") (TSX Venture: GWQ - News) is pleased to announce that it has entered into two option agreements pursuant to which it acquired options to purchase a total of four mineral claims, two of which are known as the "Red Claims" and the remaining two are known as the "Fly Claims". These property interests will now form part of GWR's Lac La Hache property.

Pursuant to the Red Claims option agreement, GWR initially paid $5,000 and will initially issue 25,000 common shares upon approval of the TSX Venture Exchange (the "Exchange").

Pursuant to the Fly Claims option agreement, GWR initially paid $10,000 and will initially issue 60,000 common shares upon approval of the Exchange.

At GWR's option, the following is required to maintain and exercise the option and acquire the Red Claims: (i) GWR paying an additional aggregate of $95,000 to the owner, as follows: $10,000 on or before the first anniversary of the day the Exchange approves the Red Claims option agreement (the "Acceptance Date"); $20,000 on or before the second anniversary of the Acceptance Date; and $65,000 on or before the fifth anniversary of the Acceptance Date; (ii) GWR issuing an additional aggregate of 275,000 common shares of GWR (the "Shares") to the owner, as follows: 50,000 Shares on or before the first anniversary of the Acceptance Date; 75,000 Shares on or before the second anniversary of the Acceptance Date; and 150,000 Shares on or before the fifth anniversary of the Acceptance Date; and (iii) and GWR incurring expenditures on the Red Claims in an aggregate amount of $125,000, as follows: $25,000 on or before the first anniversary of the Acceptance Date; $50,000 on or before the second anniversary of the Acceptance Date; and $50,000 on or before the third anniversary of the Acceptance Date. Once acquired, the Red Claims will be subject to a 2% net smelter royalty, however, GWR has an option to repurchase one half of it for a purchase price of $500,000 within the period of 20 years.

If desirable at the time, GWR may exercise its option to acquire the Fly Claims upon issuance of an additional 60,000 common shares of GWR to the owner on or before the first anniversary of the day the Exchange approves the Fly Claims option agreement. Once acquired, the Fly Claims will be subject to a 2% net smelter royalty which will terminate once the aggregate royalty payments reach $200,000.

Both option agreements, as well as the issuances of shares pursuant to the option agreements, are subject to the approval of the Exchange, which GWR expects to receive this month. Under the applicable securities laws and the policies of the Exchange, any shares issued under the option agreements will be subject to a four month plus a day hold period starting from the date of issue.

GWR Intersects 82 Metres of 0.37% Copper and 0.95 g/t Gold at Lac La Hache

    ARMSTRONG, BC, March 31 /CNW/ - GWR Resources Inc. (TSX Venture: GWQ) is
pleased to announce that it has now received the first assays from its 2008
drilling programme on the Company's Aurizon zone of its Lac La Hache project.
Drill holes AZ08-72 and AZ08-74 were drilled 50 metres apart along the trend
of the mineralization in the southern part of the Aurizon zone as part of a
programme to define the southern extent of the zone. Both holes encountered
chalcopyrite mineralization that passed down into a bornite-rich zone with
elevated gold values. Assay results are as follows:

    <<
    Hole No.        From(m)     To(m)    Length(m)   Copper(%)   Gold(g/t)
    AZ08-72           78.0     170.0       92.0        0.25        0.53
    Incl.            154.0     170.0       16.0        1.04        0.49

    AZ08-74           38.0     120.0       82.0        0.37        0.95
    Incl.             98.0     120.0       22.0        0.82        1.35
    >>

    The central part of the Aurizon zone has now been traced over a distance
of 400 metres. To the north the zone has been fault offset to the east and
drilling in this area has successfully intersected the offset of the zone. The
southern limit of the central part of the Aurizon zone is also fault-defined
and work is proceeding to trace the interpreted offset of mineralization to
the south.
    Bornite mineralization of the Aurizon zone appears to be distributed
along the western side of the southern part of the zone and increases in
thickness to the south. In addition, the degree of hydrothermal brecciation of
the host monzonite appears to increase to the west, corresponding to
increasing copper-gold grades in this direction.
    Sampling and assay methodology conform to the requirements of National
Instrument 43-101. David G. Bailey, Ph.D., P.Geo. is the Qualified Person as
defined by National Instrument 43-101 and accepts responsibility for the
content of this news release.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.



For further information: Responsible Officer: Irvin Eisler, President,
Company Telephone Number: (250) 546-8048

http://www.gwrresources.com/properties.php
Lac La Hache Property

The Lac La Hache project area, located about 25 kilometres northeast of the village of Lac La Hache in south central British Columbia, covers a geological environment that typifies that of alkalic copper-gold porphyry deposits throughout the province. Characteristics of this type of environment, that is, pyroxene basalt overlain by polymictic breccia and intruded by high level diorite-monzonite-syenite intrusive complexes, are all present within the project area. Copper - gold mineralization within alkalic porphyry systems typically occurs within hydrothermally brecciated intrusive rocks, commonly with magnetite and, thus, a first order exploration guide is often a positive magnetic anomaly within intermediate to felsic intrusive rocks. All these features are displayed within G.W.R's La Hache project area, in common with the currently producing copper-gold deposits of Mount Polley, the past producers Ingerbelle - Copper Mountain and Afton, and the possible future mines at Afton, Galore Creek and Mount Milligan.

All zones of economic mineralization within alkalic copper - gold porphyry systems in British Columbia have a small "footprint" and the economic viability of any one area of such mineralization generally depends on the identification of a sufficient number of such zones within that area.

Copper - gold mineralization within the Lac La Hache project area had not been interpreted in terms of its regional setting but, now, an reinterpretation of the geology suggests that there is a strong northwesterly-trending structural control and that individual areas of copper - gold mineralization are contained within this zone. This is analogous to Imperial Metals Corporation's Mount Polley mine where all mineralization there appears to be confined to a broad northerly-trending zone. Now that this pattern has been recognized - and pattern recognition is paramount for success in exploring these systems - G.W.R. is confident that its future work will be mainly focused on defining to the extent of previously recognized mineralization. Nonetheless, new targets are being recognised from current geological mapping and reinterpretation of past geochemical and geological surveys.

At this time emphasis is being placed on interpreting the structural geology of the Lac La Hache property as post-mineralization fault movement has segmented the mineralized "corridor". At present G.W.R. is drill defining the Aurizon zone which appears to be a northwesterly-oriented elongate pipe, dipping to the northeast. Copper - gold mineralization that crops out to the northwest of the Aurizon zone may be a fault displaced segment of this zone. Similarly, a newly recognized zone of hydrothermally brecciated monzonite to the south of the Aurizon zone may be either a fault displaced Aurizon zone segment or, possibly, a separate zone of mineralization yet to be defined. This, perhaps, illustrates the potential of G.W.R.'s Lac La Hache project area for the discovery of additional copper - gold mineralization. Drilling of the Aurizon zone is ongoing. However, future work is planned to the northwest of this zone and to the south.

The Lac La Hache project is directed by Dr. David G. Bailey, a geologist with many years experience in exploration for alkalic copper-gold deposits in south central British Columbia. The G.W.R. exploration team is a dedicated and enthusiastic group of geologists and technicians, supported by a multifaceted group of advisors that includes mining engineers and geologists of an operating alkalic copper-gold porphyry mine and an internationally recognized geophysicist.
Summary:

    * Mineralization: Since 1988 economic Cu-Au grades have been found in several areas within this large property, located in the prolific Quesnel Trough, BC
    * Infrastructure: all weather roads extend from Lac La Hache 17 km from the property, on BC highway 97, serviced by BC Rail, BC hydro and natural gas. Mount Polley mine/mill 30 km away.
    * New Data: GWR-funded 2005 airborne survey defined huge anomaly coincident with known mineralization, geochemical anomalies, prospective geology and structures; 2 decades of exploration can now be placed within a consistent exploration model
    * Size potential: the Lac La Hache property airborne magnetic and radiometric anomalies are larger and stronger than those over many producing porphyry mines or prospects.
    * Results: Latest trenching, drilling, validate new model, new discoveries are being made, new drilling underway and a second drill rig has been mobilized, is currently drilling.
    * Expert Team: GWR has established a new Geological Advisory Board and has hired expert porphyry explorationist Dr. David G. Bailey to oversee exploration drilling.
    * Facilities: New secure core logging, storage and office facilities have been established in Lac La Hache to support a current aggressive exploration program.
    * Exploration: GWR ready for an accelerated program, testing continuity of Aurizon Zone extension and several favourable new targets elsewhere on the large property.
    * GWR now well positioned to launch an aggressive, successful exploration programme. The future really does look bright.

:thumbup:

I note that Bailey is still listed as the Qualified Person.

Alan,
I still have all my GWQ.v shares.
Could you post your current outlook
of GWQ on this thread?

Hope you are doing well,

Richard aka yakutat

Some of the pictures I took at the AGM, in a slide show.
http://animoto.com/play/vXGjiUkjZyCTTfj1hqBjPQ

Yes, Bailey resigned/was fired.
He billed for excessive amounts of time that his actual work output did not justify.
He did not keep current with work and took from Dec. to May to compile the yearend report when it should have been in at the end of Jan. or mid Feb. at the latest.

GWR will possibly countersue if he doesn't drop his case.
Bailey, if he has a brain, does not want to have his shortcomings aired in an open court because, IMO, it will reduce his future income possibilities and ruin his reputation.

Did you see hole AZS08-07?
Lots of gold.
Enough gold to warrant a mine if there is only a few million tonnes of it.
They are busy drilling to follow that up.

The O&G company is small but profitable if it didn't have the debt that forced it into bankruptcy. The should have about $200k or more free cash flow that would be used to fund drilling on the mining property, with current production and the have an way to create laterals in existing wells that they use to increase production of their own and other companies wells, as I understand it. Their customers pay in cash or in giving Deep Creek (the acquisition) an overriding interest in the production that is proportional to the production increase.

The new Geologist is very good and he has already made some maps.
The website is being revised and should be up by the end of next week.
And we will get a PR with new drilling results soon.
I am writing up a Report for subscribers on the AGM now and I will be going there to attend it, next month.

I follow the company announcements re closing the private placement plus the acquisition.  Is there any metal drilling planned for this year?

GWR Resources extends Gold-rich Aurizon Central Zone, improves exploration targeting
ARMSTRONG, BC, Jan. 7 /CNW/ - GWR Resources Inc. (TSX Venture: GWQ) is pleased to report additional assay results from the final two diamond drill holes completed in 2009, designed to test the interpreted eastern boundary and northern extension of the gold-rich Aurizon Central Zone (ACZ). The collar locations of these vertical holes (AZ09-102 and AZ09-103) are indicated on drill plans posted on the Company's website at www.gwrresources.com. Results confirm previous structural interpretations, key to improved understanding of the distribution of mineralization in this gold-rich zone and thus to development of improved vectoring.

Hole AZ09-102 was positioned along the north-eastern corner of the Aurizon Central Zone to confirm the eastern boundary as projected from holes drilled in 2008. Earlier interpretation suggested the hole would effectively define the eastern limit of the Zone, but the intensity of alteration (chlorite, hematite, calcite veining) and fracturing encountered throughout the hole and especially towards the bottom (368 meters below collar) indicates extension to the east is possible at depth. Low copper values with weak gold enrichment ((greater than) 0.1 gpt Au) were intersected at the top (0.1 gpt Au over 26 m with 0.33 gpt Au over 3 m from 23-26 m) and further down-hole from 80-107 m. Spotty native copper was noted near the top. Hydrothermal breccia was not observed, but zones with increased alteration occurring towards the bottom have returned elevated gold and copper values (0.16 gpt Au over 33 m from 275 to 308 m). These results prompted additional sampling to the bottom of the hole, which has extended the low-grade gold zone an additional 33 m down-hole resulting in 66 m at 0.16 gpt from 275 to 341 m. This includes a narrow higher-grade zone (0.32 gpt Au over 9 m from 308 - 317 m).

Hole AZ09-103 was drilled on the north side of an east-west oriented (110 degrees) fault lying north of the core of the ACZ. The goal was to extend known mineralization towards the north and to determine possible offset direction/distance across the fault. The hole intersected mineralized orange polylithic tuff with traces of native copper, a 75 m (down-hole) wide zone of variably mineralized hydrothermal breccia (refer to table of assays, below), then unmineralized grey monzonite. One faulted interval contains 7.49 gpt Au over 2 m. The apparent displacement of hydrothermal breccia and mineralized zones between drill sections located at 8120N and 8160N is approximately 100 m. This has confirmed our previous interpretation whereby east-west faults appear to down-drop the mineralization to the north, providing continued encouragement that additional mineralization lies untested in that direction. A westerly component of movement is also apparent. This area will be a focus for additional drilling in our 2010 exploration Program.


    -------------------------------------------------------------------------
           NAD 83 Zone 10
    Hole   -------------- Direc- Dip   EOH        Cu    Au  Length From   To
             E      N      tion        (m)        (%) (gpt)   (m)
    -------------------------------------------------------------------------
    AZ09-
     102  617988 5758137      0  -90 364.8      Low but anomalous Cu and Au
                                                grades along eastern edge of
                                                Aurizon Central Zone, with
                                                increasing grades and alter-
                                                ation towards bottom.
                                                 0.06  0.16    66   275   341
    -------------------------------------------------------------------------
    AZ09-
     103  617928 5758166      0  -90 386.1       0.13  0.20  41.4   4.6  46.0
                                          includ-
                                             ing 0.23  0.97   2.4   4.6   7.0
                                          -----------------------------------
                                                 0.14  0.88  58.0   205   263
                                          includ-
                                             ing 0.05  7.49   2.0   205   207
                                             and 0.21  1.06    10   217   227
                                             and 0.32  1.31    10   241   251
    -------------------------------------------------------------------------
    JK09-
      02  619117 5758742     46  -60 340.4       No significant assay results
    -------------------------------------------------------------------------


The Lac La Hache exploration team has been very active during the current, non-drilling phase. All re-logged Ann North drill cores have been digitally plotted in plan, section and longitudinal views, with Cu and Au values. Geological units, hydrothermal breccia, alteration styles and post-mineral intrusive dikes have been consistently recognized, allowing new interpretation which will guide future drilling in the area, in 2010. A similar approach will be followed with re-logging of historical cores from the NK, Harvey, and Peach Melba Zones, now underway.

GWR has commenced a program to rigorously evaluate the large quantity of multi-element values resulting from Inductively Coupled Plasma (ICP) analyses and Cu, Au, Ag assays of recent and many historical drill cores.

The database is estimated to contain over 800,000 values. Software has been developed in-house to produce ten-meter-averaged plan maps for all elements in all drill holes, supporting local zone and property-scale correlation with geology, geophysics, structures, mineralization and alteration patterns, again leading to improved vectoring. Comparison of the multi-element core data with the new soil MMI 8-element data, in-house XRF analyses of drill cores and magnetic susceptibility measurements will also be completed. This information will significantly improve understanding of the relationships between gold, copper, silver, other potentially economic minerals that have not been rigorously evaluated to date, and potential pathfinder elements which may serve as vectors towards improved grades, perhaps at depth below several of the historical, shallow-drilled zones.

The work conducted at Lac La Hache in 2009 has provided new encouragement in several areas. Although far less drilling was conducted during 2 campaigns in 2009 than in previous programs in 2007 and 2008, targets were carefully selected with specific goals, and as described in several recent news releases, results were largely successful. (see all news releases and additional information at www.gwrresources.com) The narrow but very high-grade gold-rich Aurizon South Zone was extended to the north and south and remains open. Aurizon Central drilling successfully extended the zone to the north, where it also remains open. Preliminary reserves have been calculated for Aurizon Central and results indicate grades and tonnage comparable to zones currently being exploited at Mount Polley. GWR has obtained a combined copper equivalent grade/tonnage figure, but is waiting for confirmation of the separate, contained gold and copper figures before releasing this information. The company expects to have this information by the end of January, 2010.

The Company completed a 1300 sample MMI soil sampling program in the fall which has already proven extremely encouraging, generating new discoveries of copper and gold within potassically altered monzonite, including structurally controlled copper exceeding 11% Cu and 0.6 gpt gold. Using our in-house XRF analyses, the MMI results, and laboratory geochemical analyses of the many drill cores, the exploration team has shown that non-gold-bearing pyrite yields low cobalt, and gold-rich pyrite (assays in the multigram/tonne Au range) is associated with high cobalt. The MMI approach supports mapping of the cobalt distribution in soils, and IP surveys allow mapping of pyrite-rich zones in the bedrock, both methods offering detection to considerable depths. Combined interpretation of these results will yield new targets to be followed-up with systematic trenching, sampling and assaying early in the spring 2010 program. A much larger, property-wide MMI program designed to cover the entire property will be completed as soon an environmental conditions allow.

Our goal is to use the power of improved geochemical analyses to re-evaluate the soil metal anomalies (not just Cu and Au values) in combination with new bedrock sampling (in new anomalous areas) and a revised exploration model evolving from consistent core relogging of all holes drilled on the property to date, to prove that the large alteration system has bulk-mineable potential. The presence of gold-rich zones within the system provides some additional encouragement.

The 2010 Drilling Program will focus on new targets indicated by the new data and on testing several areas where mineralization near surface discovered from relatively shallow historical drilling supports potential for deeper ores below. The recent and exciting new deep discoveries made within the Quesnel Trough at several properties, below known mineralization, provides a model for the Lac La Hache property, which has the advantage of easy access and very good infrastructure.


                   ---------------------------------------

The Company maintains a quality assurance/quality control program that conforms to the requirements of National Instrument 43-101. Rob Shives, P.Geo., is the Qualified Person (as defined by NI43-101) who accepts responsibility for the technical content of this news release.

A Resource Advisory Letter came out with this writeup, yesterday:

Sent: Wednesday, January 13, 2010 11:46 AM
Subject: My first recomendation for this decade


As many of you know, since 1992 I have been a consultant to junior technology and resource companies. Prior to becoming a consultant, I had been a stock broker for 8 years and a banker for 17 years.



Throughout the years I carefully reviewed and analyzed many companies and sporadically I felt confident enough to recommend a company for your 'watch list' and put my track record on the line. For those of you that haven't been part of my contact list for all these years, a quick recap of my watch list and track record.

In 1992 I recommended a waste technology company that went from $0.07 to $14.88. In 1995 I recommended a food safety technology that went from $0.08 to $5.88. In 1998 I recommended a computer technology company that went from $0.12 to $3.25. In 2001 a mining stock that went from $0.13 to $1.40. In June of 2004 I started recommending Orko Silver at $0.06, the story on Orko is not yet finished, the same goes for Creston Moly which I started recommending in Dec. of 2004 at $0.10. Orko has reached a high of $2.17 and is currently trading at roughly $1.20, while Creston reached a high of $1.21 and is currently in the $.21 range. Both companies have large deposits that I believe will develop into producing mines.



For 2010 I would like to start the new decade off by recommending a company that I have invested in several times over the last 18 years. This is the first time that I have believed the company is one the threshold of a significant gold/copper discovery that could very well enter the realm of producing  company over the next few years. What is exciting is the price of the stock, currently in the $0.10 - $0.12 range. This company has done a fair amount of drilling and have so far drilled 6 million tons of rock that have a rough value of $100,000,000.00 to $125,000,000.00. The drilling over these past several years has shown lots of smoke, but not the fire to identify an economically viable ore body.



I believe this will change in 2010. The company has, cash in the bank with plans of raising more funds at higher prices later this year. They are planning a drill program that should result in at least 20 - 30 holes that will be drilled down to a depth of 4,000 feet. Drilling will commence in 4 or 5 months, once they have all of their permitting in place, and weather allows them to set up. Prior to the drilling program, there will be a Mobile Metal Ion (MMI) Soil Survey program conducted on the portion of the property that the drilling will be conducted on.



Rob Shives, the geologist for this project spent a major portion of his working career developing predictive measures for the Federal Government Geological Survey. He was very actively involved in the airborne gamma ray surveys that were conducted and in their identification and interpretations of numerous mineral deposits. New airborne and ground geophysical/geochemical information provide an exploration context for several known near-surface zones of porphyry

Cu-Au-Ag and skarn Cu-magnetite mineralization, and indicate that potential for discovery of economic deposits remains high. The recent IP/MMI/Airborne combination is particularly compelling, and has already generated important new results based on only limited followup.



The properties are in central British Columbia and are a part of the famous Quesnel Trough which has born numerous producing mines over the years and is currently attracting attention with the likes of Imperial Metal's "Red Chris" project, Silver Standard's "Snowfield-Brucelake" project, Seabridge Gold's "Kerr-Sulphurets-Mitchell" project and Teck/Nova Gold's "Galore Creek" project. Other notable names in the Quesnel Trough with producing or developing projects are the likes of New Gold and several of Bob Dickinson's, Hunter Dickinson group of companies.



The name of the company is GWR Resources Inc., with a symbol of GWQ on the TSX Venture Exchange, it also trades on the Frankfurt Deutsche Borse with a symbol of L9W. An explanation of the map below or an  internal report summarizing key features which accurately describes things is available in PDF format, upon request.



More to come in later emails, I am also working on a new oil and gas company with properties strategically located in the Bakken and Viking areas of Saskatchewan. Stay tuned for more within the next two months.



Stocks that I recommend are considered highly speculative and should not be purchased unless you are prepared to lose most or all of what you invest.



Whatever you do, enjoy the life you have, only you can be responsible for it.