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La Quinta Receives Approval to Rehabilitate Black Jack Project's Underground Portal
(via Thenewswire.ca) Vancouver, B.C. February 2, 2012 - La Quinta Resources Corporation (TS...
About this update from Black Mammoth Metals Corporation
[{"type":"text","content":"\nLa Quinta Receives Approval to Rehabilitate Black Jack Project's Underground Portal\n\n(via Thenewswire.ca)\n\n \nVancouver, B.C. February 2, 2012 - La Quinta Resources Corporation\n(TSX-V: LAQ / Frankfurt: LQK / OTCBB: LQRCF) (\"La Quinta\" or\n\"The Company\") is pleased to report that it has received\napproval from the U.S. Forest Service (\"USFS\") to\nrehabilitate the portal to the primary underground workings. The\nportal rehabilitation is anticipated to redistribute ten cubic yards\nof sloughed material, followed by retimbering the entrance and\ninstalling a locking door. The work planned will not cause\nsignificant disturbance as that term is specified in regulations, and\nis anticipated to require no more than ten days to complete. The\nCompany plans to perform the work as soon as weather permits. That\nwork is recommended as part of the work program specified in the NI\n43-101 compliant technical report completed for the Company in\nDecember 2011. The Company also is currently preparing a Plan of\nOperations to obtain permits from USFS for a drill program to test\ngeophysical anomalies identified during work programs in 2011.\n\n\n \nStandards of Disclosure for Mineral Projects (\"NI 43-101\"):\n\n\n \nLa Quinta can earn a 100% interest in the Black Jack Project by\nexpending US$1 million in exploration and development costs by\nNovember 10, 2015 as now amended, and making payments to Black Jack\nExploration Inc. (\"Black Jack\") that total US$250,000 by\nNovember 10, 2014. La Quinta also is required to issue 125,000 common\nshares to Black Jack upon approval of the acquisition by the Exchange.\n Black Jack retains an overriding net smelter royalty of 3%.\n\n\n \nAbout La Quinta Resources Corporation\n\n\n \nLa Quinta is a junior precious metals exploration company actively\nseeking mineral opportunities for the benefit of our stakeholders.\nCurrently the Company is focused on exploring for gold and silver on\nthe Easter Project and on its Black Jack properties in Nevada. The\nEaster Project is underlain by an epithermal quartz-adularia vein\nstockwork system hosted within Tertiary volcanic rocks of the Caliente\nCaldron Complex of southeastern Nevada. Numerous drill programs were\nconducted over the past 27 years by several operators. The resultant\n121 holes and five adits were used to outline a 43-101 compliant\nr...