VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 4, 2011) - La Quinta Resources Corporation (News - Market indicators)(FRANKFURT:LQK) ("La Quinta" or "The Company") is pleased to announce that it has applied for drilling permits for its Easter project located 110 miles NE of Las Vegas in SE Nevada. The approval of the Notice of Intent is pending review by the Caliente office of the Bureau of Land Management and acceptance of reclamation bonding.
La Quinta proposes to drill approximately 11,000 ft (3,385 m) of reverse circulation percussion drilling and Diamond drilling in 23 drill holes sited in 2 zones at Easter. The primary work will be infill drilling downdip of the existing NI43-101 compliant indicated resource containing 101,000 oz gold and 1M oz silver. Twenty holes are planned for this targeted area.
The second zone is the recently discovered outcrop found to contain as much as 10 g/t gold and 70 g/t silver. This area, which appears to contain a discrete shoot of higher grades of mineralization on the West Vein, has never been drilled previously. La Quinta plans to drill 3 exploratory holes on this area to determine orientation of the mineralization as support for a subsequent detailed drilling program.
La Quinta has contracted with Leach Drilling of Silver Springs, NV to perform both the percussion and the Diamond drilling for this phase of work on the Easter project.
The information contained in this news release has been reviewed, approved and deemed relevant by Walter Martin (President of the Company) C.P.G., a qualified person as defined under National Instrument 43-101.
About La Quinta Resources Corporation
La Quinta is a junior precious metals exploration company actively seeking mineral opportunities for the benefit of our stakeholders. Currently the Company is focused on exploring for gold and silver on its Easter Project and Black Jack properties in Nevada. The Easter Project is underlain by an epithermal quartz-adularia vein stockwork system hosted within Tertiary volcanic rocks of the Caliente Caldron Complex of southeastern Nevada. Numerous drill programs were conducted over the past 27 years by several operators. The resultant 121 holes and five adits were used to outline a 43-101 compliant resource of 2.6 million tons at 1.3 g/t gold (0.038 oz/t) and 14 g/t silver (0.4 oz/t) within an area of gold mineralization with a strike length of at least 6,450 feet (1,966 m) and drill-defined widths up to 90 feet (27.4 m). Significant prior intercepts include up to 0.194 oz. Au / ton over 90 feet (6.6 g/t over 27.4m true thickness) (including 0.549 oz. Au / ton over 15 feet [18.8 g/t over 4.5m]) and 0.084 oz. / ton over 110 feet (including 0.534 oz. Au / ton over 5 feet) [2.88 g/t over 33.5 m w/internal 18.3 g/t in 1.52 m]. The Black Jack property, an early-stage exploration target in NE Nevada, consists of old mine workings that contain silver-gold-base metals veins hosted in Ordovician limestones that overlie nearby Cambrian shale. No resource has been identified on this property.
On behalf of the board
Glen Watson, CEO and Director
La Quinta Resources Corp.
This document includes forward-looking statements. When used in this document, the words "potential", "plan", "could", "estimate", "expect", "intend", "may", "should", and similar expressions are intended to be among the statements that identify forward-looking statements. Although La Quinta believes that their expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements.
SEC 12G file#82-35061
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