La Quinta Resources Welcomes a Technical Advisor to the Board
LA QUINTA RESOURCES CORPORATION 400 – 409 Granville Street, Vancouver, BC V6C 1T2
No.10-27 LAQ: TSX-V NEWS RELEASE SEC 12G file#82-35061
La Quinta Resources Welcomes a Technical Advisor to the Board
Vancouver, B.C. January 5, 2011 – La Quinta Resources Corporation (TSX-V: LAQ) (“La Quinta”), is pleased to announce the appointment of Mr. Brian Maher as a Technical Advisor to the Board of Directors. Mr. Maher, a professional geologist with two decades experience throughout the Western Hemisphere in evaluation and development of gold and silver ore deposits, brings added value to La Quinta by previously drill-defined part of the Easter deposit.
Glen Watson, CEO of the Company states, “La Quinta is very fortunate to have attracted such a talented mining professional as a Technical Advisor to the Board. Mr. Maher brings to the table a wealth of knowledge about the Easter deposit that will allow the Company to streamline its work programs. With his advisory insights, we anticipate a shortened timeline in achieving our development goals."
Pursuant to the Stock Option Plan as approved by shareholders at the last Annual General Meeting, La Quinta announces the granting of 200,000 incentive stock options to Brian Maher. The options vest immediately and are exercisable at CAN$ 0.15 for a term of five years. The granting of the said options is subject to acceptance by the TSX-V.
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 earlystage 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.
1(604) 803-5229 / 1(604) 684-4653 - Email: [email protected] - Web Site: www.laquintaresources.com
“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
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.