La Quinta Resources Receives Approval for Trenching at Easter Project
LA QUINTA RESOURCES CORPORATION 400 – 409 Granville Street, Vancouver, BC V6C 1T2
No.11-02 LAQ: TSX-V NEWS RELEASE SEC 12G file#82-35061
La Quinta Resources Receives Approval for Trenching at Easter Project
Vancouver, B.C. February 4, 2011 – La Quinta Resources Corporation (TSX-V: LAQ / Frankfurt: LQK) (“La Quinta”), is pleased to announce that it has received approval to conduct its trenching program at the Easter project situated in SE Nevada. The Company received permission from the BLM to commence the work subject to filing the appropriate bond with that agency. The program is designed to further define the mineralization encountered at the West Vein area last year. A reconnaissance vein sample taken from the West Vein area contained 3.5 g/t gold (0.1 oz/st) and 21 g/t silver (0.6 oz/st). The program is anticipated to be completed prior to summer 2011. Information obtained in the program will be used to target future exploratory drilling at the Easter project.
La Quinta Resources would also like to report that a total of 1,000,000 shares issued as a finder’s fee to W. A. Balengela Kasai Investments ("WBK"), as reported in the Company's news release dated November 4th, 2008 while issued, are being held by the Company's solicitor, in trust, pending resolution of outstanding matters with WBK including the execution of mutual releases whereby each of WBK and LAQ release the other and their respective successors and assigns, and their respective directors, officers, employees and consultants from any claims arising out of an Exploration and Share Acquisition Agreement dated April 23, 2008, between WBK and LAQ, and, confirmation in a form satisfactory to the Company evidencing the corporate authority of individuals purporting to act on behalf of WBK in respect of instructing delivery of the said shares.
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.