Westminster Resources Ltd.

Properties

El Cobre Property

(17,854 Hectares)




Most of the El Cobre property has been flown at 200 meter line spacing by VTEM-MAG helicopter surveying. Mineralization is characterized by high grade, gold-copper-silver veins, breccias associated with porphyry deposit-style systems and hematite-magnetite-sericitized zones and structures containing copper-gold-silver mineralization in an IOCG / Porphyry setting. Much of the property has gravel or young volcanic cover rocks which limits exposure of mineralized zones.

GUAYACAN TARGET


EXPLORATION SURVEYS

The region is dominated by a structurally prepared area of linear, north-south, magnetic low features and an extensive circular magnetic response as defined by our 2011 airborne magnetic survey at 200 metre line spacing.

Three old hand-mining workings have been discovered where subcrop and outcrop form resistant ridges of biotite-granodiorite, granite intrusive bodies and felsic dykes.

Conventional soil geochemical sampling along 13 grid lines was conducted as a case history response study over the three historic mineralized areas which are separated along a 2.5 kilometre north-south linear trend. Since much of the region is covered by alluvial sand and gravels with little to no subcropping, a 36-line grid of Soil Gas Hydrocarbon (SGH) geochemical survey sampling also covered the known mineralization and anomalous magnetic response patterns over a 3.5 kilometer North to South grid.


Conventional soil geochemical data indicates an anomalous response for Cu, Mo, Ag and Au associated with old prospector workings and show an extensive 2.5 kilometre long linear trend between the three mineralized showings.


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Soil Gas Hydocarbon (SGH) geochemistry results were interpreted by Activation Laboratories Ltd. for the approximate 4 km X 2 km survey (1,074 samples). The data confirms the location of conventional soil geochemical survey anomalies but significantly expands the area of copper and gold SGH anomalous patterns in the survey area. A small SGH survey conducted at the eastern skarn zone discovery area also resulted in SGH anomalous gold and copper response patterns.


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The conventional soil and SGH geochemical sampling over the grid area shows anomalous patterns which can be directly related to the known trend of mineralized subcrop but also expands the target area. The scale of the target is suggestive of porphyry and related skarn mineralization.


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MINERALIZATION

The Guayacan target area has been prospected and sampled during 1:10,000 scale geologic mapping of the El Cobre property. The area is generally a flat plain where weathered down granodiorite and andesitic rocks are intruded by granite and felsic dykes associated with structures. Young volcanic rocks are capping exposures to the north and east of the known target.

The 2015 work program to date has consisted of prospecting and field geology. Previous exploration by the Company at Guayacan has included a helicopter airborne VTEM-MAG geophysical survey, an extensive soil geochemical survey (710 samples), a soil gas hydrocarbon geochemical survey (1074 SGH samples), and geological mapping and prospecting, all systematically completed during the 2011 - 2014 seasons. The exploration programs have followed-up on anomalous circular and linear magnetic low features obtained from the airborne VTEM-MAG geophysical helicopter survey. The recent positive results have expanded the number, and defined in more detail, zones of alteration and surface mineralization in subcrop-outcrop across the 3.5 kilometer wide expression of the airborne circular magnetic geophysical anomalous patterns. New discoveries included zones peripheral to precious metal bearing porphyry systems, skarns, unroofed porphyry system veins, stockworks and breccia vein mineralization.

The Guayacan target is situated in flat lying Sonora ranch lands with thin young volcanic cover rocks or sand and gravel material overlying much of the bedrock geophysical anomalies expression. The significant ASTER IMAGERY patterns coincident with the disrupted airborne magnetic survey response of circular features and super-imposed linear magnetic lows have been mapped as epithermal and porphyry --style alteration. This is interpreted by the Company as the expression of multiple phase intrusive events related to this largely unroofed mineralized porphyry system.

A detailed update on the multiple high grade gold and silver targets and gold-copper porphyry system mineralization found to date across the Guayacan porphyry system is reported in News Release WMR 15-2.


Guayacan North

The Guayacan North "Mine" area is characterized by a small hand-works decline and several small dump piles of mineralized material including quartz-hematite vein, felsic dyke and also the host coarse-grained, equigranular granitic body. Biotite, sericite, magnetite and epidote and intense red hematite alteration are present as alteration features. Faulting and dyke emplacement are evident plus leaching and oxidation of fractures and contacts.

Four composite and grab samples contained gold, specifically 17,260 ppb, 12,143 ppb, 17,930 ppb and 16,367 ppb, with an approximate 1:1 Ag:Au ratio. These samples were also high in mercury, arsenic, bismuth and lead while copper contents varied between 824 ppm to greater than 1% copper. It is this type of mineralized material consisting of abundant red iron oxides, minor copper as malachite, azurite and chrysocolla which was then processed for gold extraction by "arrastre" methods by the local prospector who rediscovered the "lost mine" and sold it to Westminster Resources Ltd. (100% owner).




Red hematite alteration and iron oxide "boxwork textures" indicate that sulphide leaching has occurred at surface. This weathering may have removed much of the copper contents while leaving less mobile elements such as molybdenum, silver and gold behind at surface. See the coincident copper, gold, silver and molybdenum conventional soil geochemical responses at the three old prospects on the four geochemical grid maps.

Guayacan Middle

The best result from the Guayacan Middle target is a composite of grab samples from quartz-hematite subcropping grading:

0.905% Copper
1.1% Lead
0.29% Zinc
80.0 g/t Silver
13.5 g/t Gold
1495 ppm Molybdenum
6.6% Iron
100 ppm Antimony
135 ppm Bismuth
13140 ppb Mercury
551 ppm Vanadium
>100 ppm Tungsten

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The large scale of the circular magnetic features suggests possible association with porphyry system alteration and intrusive body emplacement. These magnetic features are coincident with the extensive multi-element soil geochemical anomalous patterns will be further explored over the 4 km X 2 km grid by 3D-IP geophysical surveying. Geologic mapping suggests intrusive body emplacement along structures. The more circular patterns observed in the magnetic map may be interpreted as variable magnetic response to the multiple intrusive phases and degrees of magnetic destruction by porphyry system hydrothermal and magmatic fluid alteration.

Guayacan South

The best sample from the old workings shaft outcrop is a grab sample of mixed hematite-quartz breccia and quartz vein in cuprous granite which graded:

2.46% Copper
463.3 ppm Lead
391.0 ppm Zinc
126 g/t Silver
675.5 ppb Gold
147.1 ppm Arsenic
5.35% Iron
61.17 ppm Bismuth
11.08 ppm Tellurium
238 ppB Mercury

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This target's anomalous soil geochemical results suggest that the area on trend to the South of the old shaft is highly prospective and warranting 3D-IP geophysical surveying.

Guayacan East

The best grab sample is from quartz vein material at epidote-magnetite skarn subcrop area which graded:

0.167% Copper
2.52% Lead
0.12% Zinc
26.0 g/t Silver
6.05 g/t Gold
897 ppm Arsenic
8.23% Iron
129.7 ppm Antimony
268.2 ppm Bismuth
4364 ppm Vanadium
679 ppb Mercury

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The Guayacan East target is located peripheral to the eastern portion of the circular magnetic anomalous patterns. SGH geochemical soil survey case history short grid lines tested the known mineralized SGH response zone. The positive SGH response warrants detailed follow up.

Cautionary Note

Geochemical results for rock samples collected on the property are from single "grab", "composite grab" or "chip" samples where their collection is irregular to randomly spaced based upon the geologist's or technician's judgement. The sampling is conducted during regional and reconnaissance exploration where sub-cropping and outcropping rock material can be used to evaluate the mineral potential of an area. The geochemical data derived from these types of samples (grabs, etc.) cannot be relied upon to be representative of the grade of mineralization.


Sierra Target

The Sierra Target is located in the central portion of the El Cobre Property west of the town of Batacosa. Two historic (1950s) workings have been located on top of Miocene volcanic units giving over 700 meters of relief above the Montoso porphyry systems exposures located to the east.

The Sierra program has commenced including mapping, trenching and channel-panel sampling of the young volcanic hydrothermal breccia diatreme structure (see News Release WMR13-05 and WMR 14-11).


Westminster President Glen Indra at right - at 720 m on the saddle drill and helicopter site #3 trench with ore dump in background

Pit 3 red rock

Pit 3 red rock outside view

Pit 3 black rock

Black rock

Black rock other side

Pit 3 red and black rock at Saddle highest elevation

East wall breccia

East wall from Paul to wall at left is 5 meters in width

East wall breccia

East wall trenching and width of digging

South end trench

Trench and wall breccia peeled off

North end of trench traced breccia downslope

Saddle trench 20 meters long most digging looking East

Breccia looking North

On dump looking East across width of trench

Looking West at Saddle standing on dump

Sierra Diatreme - old 1950s Working Adit

Sierra Diatreme Exposed Face

Width Sierra Diatreme

Hilltop Sierra Diatreme Exposure

Malachite-Hematite Breccia Rock Face

Hilltop Sierra Diatreme Width Exposure

Sierra Diatreme Steeply Dipping Breccia Rock Face

Sierra Volcanic Hosted Diatreme Exposed Hillside Rock Face

Sierra Diatreme Exposed Face


NEW VOLCANIC HOSTED DIATREME DISCOVERY 2013
**17 Grab Samples from Sierra Target area (Press Release WMR 13-05) and also more results in WMR 14-11


  Unit
MDL*
Ag
g/t
2
Ag
g/t
2
Au
g/t
0.2
Cu
%
0.001
Fe
%
0.01
Sample Type          
518541 Rock 18.46 18.46 1.54 0.72 8.73
518542 Rock 129.16 129.16 13.02 7.85 6.41
518543 Rock 29.09 29.09 7.76 6.10 4.02
518544 Rock 53.48 53.48 3.92 4.11 7.08
518545 Rock 16.39 16.39 1.58 4.01 9.93
5017023 Rock 57.40 57.40 4.02 1.18 11.05
5017024 Rock 61.60 61.60 4.10 1.00 10.88
5017025 Rock 34.90 34.90 21.79 6.96 9.44
5017026 Rock 21.70 21.70 0.11 1.42 4.23
5017027 Rock 14.00 14.00 2.39 4.46 10.38
5017028 Rock 394.00 394.00 1.42 8.53 6.13
5017029 Rock 34.80 34.80 0.33 8.56 1.49
5017030 Rock 314.00 314.00 1.93 4.08 5.96
5017031 Rock 31.45 31.45 5.10 10.17 2.99
517020 Rock 1,479.00 400.00 5.42 4.42 12.44
517021 Rock 19.90 19.90 0.81 2.67 9.25
517022 Rock 88.10 88.10 0.06 5.91 3.06
    2,797.43 1,718.43 75.29 82.12 123.47
      (400 g/t cutoff)      
AVERAGES 164.55 g/t 101.08 g/t 4.43 g/t 4.83% 7.26%

Samples are high in Bi, Hg, W, minor base metals 0.1%, no As, Sb, Te pathfinders.
*MDL: Minimum Detection Limit
**Grab samples are selective by nature and are unlikely to represent average grades of the deposit.  
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