Business
Western Pacific Resources Corp. - Clarification and retraction of previously issued technical disclosure
VANCOUVER, March 22, 2013 /CNW/ - Western Pacific Resources Corp. (" Western Pacific " or...
About this update from Silver X Mining Corp
[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, March 22, 2013 /CNW/ - Western Pacific Resources Corp. (\"Western Pacific\" or the \"Company\") (TSXV: WRP) announces that, as a result of a review by the British Columbia\n Securities Commission, the Company is issuing this news release to\n revise and clarify certain of its previous technical disclosure. In\n those instances where the Company has clarified or revised previous\n disclosure, the Company advises readers not to rely on such statements\n as they may continue to be found in the public domain.\n\n\nThe Company posted to its website links to certain third-party\n articles/reports that mentioned technical disclosure which was not\n compliant with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI 43-101\"). Specifically, the Company posted the following links to its website:\n (i) Jay Taylor's Energy and Tech Stocks Weekly Hotline Message dated\n November 9, 2012 (the \"Taylor Report\"), (ii) a Hera Research article dated October 22, 2012 (the \"Hera Article\"), (iii) an editorial by Lawrence Roulston, extracted from the October\n 2012-1 Issue of Lawrence Roulston's Resource Opportunities (the \"Roulston Article\") and (iv) David Scarica's Gold Stock Advisor Vol. 5, Issue 1, dated\n January 2013 (the \"Scarica Article\" and collectively with the Taylor Report, the Hera Article and the\n Roulston Article, the \"Reports\").\n\n\nThe Reports contained statements of historical gold resources and\n reserves estimates on the Company's Mineral Gulch Property. The Reports\n were not compliant with NI 43-101 for the reasons that follow. The\n Taylor Report and the Hera Article disclosed historical estimates not\n accompanied by mandatory cautionary language always required by NI\n 43-101 in connection with disclosure of a historical resource or\n reserve estimate. The Roulston Article and the Scarica Article\n disclosed significant gold-ounce quantities as current reserves. These\n disclosures are not compliant with NI 43-101 and failed to designate\n quantities as historical in nature.\n\n\nThe Company retracts the foregoing disclosure regarding resources and\n reserves on the Mineral Gulch Property as they are both unsupportable\n and not NI 43-101 compliant. The Company has retracted all the above\n estimates and has removed the links to the Reports from its website.\n\n\nI...