Southern Cross Gold Consolidated Ltd. press release
AllPennyStocks.com Announces Corporate Write-Up on Westminster Resources Ltd. (TSX-Venture: WMR)
TSX - Toronto Stock Exchange · Australia
Oct. 7, 2009 (Baystreet.ca) --
MISSISSAUGA, ON., October 7, 2009 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com), a leading penny stock / small-cap information site, released its latest spotlight company Westminster Resources Ltd. (TSX-Venture: WMR).
Westminster is a new resource exploration company focused on acquisition of premier mineral properties in Mexico. Growth opportunities are fast tracked using “state of the art” mineral exploration methods leading to aggressive drilling and potential resource definition. The management team has demonstrated the ability to advance early stage exploration prospects to development assets. This team is the nucleus of a group that has over the past decade raised in excess of $100,000,000 in exploration funding.
Westminster’s objective is to acquire and define under-explored targets that are drill ready and have the potential to evolve into large-scale discoveries. The company’s first thrust has been achieved with its acquisition of a new mineral district-scale property near Navojoa, Sonora. The state of Sonora contains world –class, precious and base-metal reserves and producing mines. This attractive region has a strong mining history and culture with favorable permitting and infrastructure that allow for aggressive year- round exploration. This is a newly identified district which has not seen any past drill programs or modern exploration. Target commodities indentified to date include, copper, gold, silver, molybdenum and iron found within the very large porphyry deposit targets (at least 3 (identified to date).
The company’s subsidiary Minera Westminster, S.A. de C.V. holds mineral properties by staking mineral concessions and by Option Agreements whereby the company can earn from 75% to 100% interest. The highly prospective gold-copper porphyry systems lie within a new mineral district in the foothills of the famous geologic region of the Sierra Madres. Widespread surface alteration and mineralization suggests at least three potential centers of gold-copper skarn and granite-hosted porphyry systems within the 10 kilometer by 20 kilometer area of contiguous concessions covering about 181 square kilometers.
A complete WMR profile can be viewed at: http://www.allpennystocks.com/aps_ca/company_spotlights/archives/wmr.asp
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Note: AllPennyStocks.com has been compensated six thousand dollars by the Company for its efforts in presenting the WMR profile on its web site and distributing it to its database of subscribers as well as other services. A full disclaimer on WMR can be found at: http://www.allpennystocks.com/aps_ca/company_spotlights/archives/wmr.asp.