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    GWR Resources: Gold in Kanada - 500 Beiträge pro Seite

    eröffnet am 15.01.11 23:23:14 von
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      schrieb am 15.01.11 23:23:14
      Beitrag Nr. 1 ()



      Homepage:
      http://www.gwrresources.com/s/Home.asp


      Ticker:
      GWQ


      Börsen:
      TSX Venture Exchange
      und
      Deutschland: WKN: A0BKTW | ISIN: CA36238B1031 | L9W
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      schrieb am 15.01.11 23:31:39
      Beitrag Nr. 2 ()
      Aktienstruktur per 10.01.2011:

      146,7 Mio. Aktien ausstehend, voll verwässert


      Marktkapitalisierung, voll verwässert:

      CAD 39,6 Mio.


      Unternehmenspräsentation, März 2010:

      http://www.gwrresources.com/s/Presentations.asp?ReportID=387…
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      schrieb am 15.01.11 23:37:20
      Beitrag Nr. 3 ()
      Charts:


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      schrieb am 15.01.11 23:42:16
      Beitrag Nr. 4 ()
      Projekte:


      1. Lac La Hache, British Columbia, Kanada

      http://www.gwrresources.com/s/LacLaHache.asp


      Lac La Hache Overview GWR Resources Inc. is focused on exploration for copper and gold deposits within the Quesnel Trough in British Columbia, the largest copper-gold porphyry trend in Canada, and has accumulated many mineral claims situated approximately 25 kilometres northeast of Lac La Hache, British Columbia. This property (the "Lac La Hache Property") covers approximately 50 square kilometers and contains numerous drilled prospects, including two mineralized zones with (non-43-101 compliant) estimated reserves. GWR's experienced management and technical teams are committed to proving potential for mineable copper-gold within this large property which is 100% owned (except for the 80% owned Peach Lake claims, which are not the focus of current exploration) subject to various royalties. The Lac La Hache Property is situated between producing mines at Imperial Metals' Mt. Polley Copper-Gold Mine and New Gold Inc.'s New Afton Copper-Gold project (Teck-Cominco's legendary Afton mine), and is well-served by rail, road and power infrastructure.

      Drilling of the Lac La Hache Property is ongoing for the purposes of expanding existing mineralized zones and discovering new zones. Excellent copper prices along with extraordinary gold prices are contributing to GWR's commitment to prove mineable copper-gold within this large property.



      2. Sainte Sabine, Quebec, Kanada

      DIREKTER NACHBAR VON GOLDEN HOPE MINES !

      http://www.gwrresources.com/s/SainteSabine.asp?ReportID=4085…

      The Sainte Sabine gold and gold-polymetallic (Au-Ag-Zn-Cu) property is located approximately 100 km southeast of Quebec City in the Beauce region of the Province of Quebec, Canada The property lies immediately along and across strike of several known zones currently being tested by Golden Hope Mines Limited on their Bellechasse Project. GWR's property contains known, near-surface occurrences but has received only sparse reconnaissance exploration work to date along its 12 km strike length. Historical drilling on the property in the late 1980s and 1990 includes a dozen relatively short BQ drill holes that tested 4 coincident geophysical + geochemical anomalies and confirmed the presence of the favourable host stratigraphy. These drill cores were only sparsely sampled (some were not sampled at all) yet returned anomalous gold assays up to 6.6 gpt. Untested historical geochemical anomalies, with historical and new geophysical data, will provide an inventory of promising targets.

      Gold has long been known to occur within the Beauce region, with the earliest discovery reported in the 1820's. Potentially economic mineralization occurs in several modes within volcanosedimentary rocks of the Magog Group:
      •intrusion-related visible gold and gold-bearing sulphides in quartz stockworks or in non-quartz filled fractures, developed within intrusive dioritic dikes and sills;
      •gold-zinc-copper-silver mineralization within graphitic black shales;
      •gold in quartz stockworks with associated sulfides developed in proximity to magnetic, iron-rich sediments;
      •gold paleoplacers
      •as ultramafic related (serpentinite) Ni-Cr mineralization.

      GWR believes the property offers excellent gold potential and possesses numerous favourable criteria: excellent infrastructure (year round road access, water, telecommunications and hydro power within 4 km), a skilled workforce, exploration-friendly communities with no aboriginal issues, simplified work permitting process, and proximity to major financial and expertise centers in Canada and USA. Quebec is regarded as one of the most exploration-supportive, policy friendly jurisdictions in the world as rated by the Fraser Institute, offering significant exploration expenditure rebates of 42 to 47%.
      Avatar
      schrieb am 20.01.11 22:47:56
      Beitrag Nr. 5 ()
      Drilling Resumes, High Copper (Iron-Gold-Silver) Grades Increase Tonnage at GWR's Skarn Zones: South Zone Assay Update


      http://www.gwrresources.com/s/NewsReleases.asp?ReportID=4377…


      January 13, 2011
      Drilling Resumes, High Copper (Iron-Gold-Silver) Grades Increase Tonnage at GWR's Skarn Zones: South Zone Assay Update

      --------------------------------------------------------------------------------

      ARMSTRONG, BRITISH COLUMBIA - GWR Resources Inc. (the "Company" or "GWR") (TSX Venture: GWQ) is pleased to report positive assay results from 6 additional holes testing the flat-lying Spout Lake South Skarn Zone, on the large Lac La Hache porphyry-Au-Cu-Ag and Skarn-Cu-Magnetite-Au-Ag Project in central British Columbia. The goal of our winter 2010-2011 drilling campaign is to support 43-101 compliant resource calculations for possible open-pit development of the near-surface portions of the deposits. A full description of the Drilling Program, its rationale, links to various maps and photos, and assays for the first batch of 10 holes drilled, were provided in our December 16 and December 21 News Releases. Exploration for copper-magnetite-gold-silver within the skarns is facilitated by the strongly magnetic iron (in magnetite) and its intimate association with the other metals. Evidence of non-magnetic copper-rich zones has also been found, providing additional encouragement outside or between the high-magnetic anomalies.

      As reported in our December 21 News Release, a total of 34 shallow NQ holes (3,456.3 meters) were completed by two drill rigs prior to Christmas break. These were drilled into the North and South Skarn Zones. Assays have been received for all but 7 of these holes; ten were reported previously, new results for 6 holes within the South skarn zone are tabulated below. Remaining assays will be reported as received, following confirmation and interpretation, next week.

      Drilling results continue to be predictable, intersecting massive to semi-massive magnetite with finely disseminated to massive chalcopyrite, bornite, chalcocite and pyrite, within fine to coarse grained, skarned volcanic tuffs and flows, late veins/dykes or fracture fillings of massive magnetite-chalcopyrite or chalcopyrite-only. (See more core photos at www.gwrresources.com)

      Spout Lake South Skarn Zone

      Current South Zone drilling is focused on delineation of mineralization within a "Peanut-shaped" high-magnetic anomaly, one of several ground magnetic survey highs. These holes are vertical, on 20 m centers. The first 5 holes into this feature have been reported, generally defining a core as multiple subhorizontal zones, grading 0.3 to 0.4 % Cu over 6 to 16 m true thicknesses, from the bedrock surface downwards, with several 2 m intervals >1% Cu, and up to 3.85% Cu (Hole SL10-01). Additional drilling will confirm mineralization trends, but the new assays for 6 additional South Zone holes (see Table, below) demonstrate continuation outwards from the core to the east and north, with increased thickness and copper grades towards the outer edges of (but still within) the magnetic anomaly.

      Accurate conversion of % Fe values to % magnetite, or to copper equivalent is not possible due to the presence of Fe in sulphide and non-sulphide mineral phases other than magnetite (hence only % Fe assays are shown in the table below), however, results of historical Davis Tube Recovery testing done on the Spout Lake skarns and metallurgical testing conducted recently on the ores, suggest the massive and semi-massive magnetite significantly increases the value of the Spout Lake skarn mineralization, perhaps doubling the copper-only value/tonne in many intervals. Gold and silver concentrations also add value.

      GWR is encouraged by all results to date within the skarn exploration program, and looks forward to continued drilling success based on demonstrated relationships between geological, geophysical, geochemical information. President Irvin Eisler states: "Our timing is good! We are excited that our decision to prove potential of the skarn zones coincides with a sustained surge in metal prices and increased demand for magnetite ores. Iron has become a hot commodity, as indicated by competitive bids for projects such as Baffinland Iron Mines' Mary River, Nunavut property, or the purchase of Consolidated Thompson Iron Mines Limited, among others. The high copper and magnetite concentrations within our Spout Lake Zones, located at surface, with excellent infrastructure, positive metallurgy, and good recoveries, affords a much lower development cost per tonne than is required in remote regions."

      Our exploration program resumed January 10, 2011 and both drill rigs are again busy testing the North and South Skarn Zones.


      New Assays, Spout Lake SOUTH Skarn Zone "Peanut" Magnetic Anomaly

      Hole NAD 83 Zone 10 Az. Dip EOH (m) Cu (%) Au (gpt) Ag (gpt) Fe (%) Length (m) From (m) To (m)
      E N
      SL10-06 611910 57560805 n/a 90 76.3 0.61 0.10 2.0 19.00 42.0 5.0 47.0
      On East side of South Zone "Peanut" magnetic anomaly
      0.61% Cu over 42 m true thickness, several 2m intervals over 1% Cu, up to 1.7% Cu incl. 0.80 0.12 13.0 22.30 26.0 5.0 31.0
      incl. 1.08 0.17 3.9 26.5 2.0 5.0 7.0
      incl. 1.52 0.21 4.6 30.60 2.0 19.0 21.0
      incl. 1.70 0.17 5.8 43.40 2.0 25.0 27.0
      incl. 0.37 0.03 1.1 15.20 10.0 35.0 45.0
      SL10-07 611910 5760825 n/a 90 76.2 0.56 0.12 2.2 18.30 40.0 3.0 43.0
      On NE corner of South Zone "Peanut" magnetic anomaly
      0.56% Cu over 40 m true thickness, 2 and 4 m intervals over 1% Cu, up to 2.1% Cu incl. 0.78 0.18 3.0 21.40 10.0 19.0 29.0
      incl. 1.17 0.32 4.6 25.80 2.0 19.0 21.0
      incl. 1.64 0.30 6.5 21.30 4.0 35.0 39.0
      incl. 2.10 0.29 7.9 21.60 2.0 35.0 37.0
      SL10-08 611890 5760825 n/a 90 70.1 0.54 0.13 2.1 13.10 66.0 2.0 68.0
      On North side of South Zone
      "Peanut" magnetic anomaly
      0.54% Cu over 66 m true thickness, 4 to 8 m zones grading 0.8% Cu or better, one deeper 2 m zone grading 4.45% Cu, 1.09 gpt Au, 15.4 gpt Ag, 17.5% Fe incl. 0.81 0.11 2.8 16.90 4.0 2.0 6.0
      incl. 1.05 0.14 3.2 14.60 2.0 4.0 6.0
      incl. 0.80 0.12 2.6 17.00 8.0 12.0 20.0
      incl. 1.00 0.26 3.3 12.40 2.0 14.0 16.0
      incl. 0.42 0.05 1.9 11.80 8.0 24.0 32.0
      incl. 0.93 0.17 4.2 19.20 6.0 34.0 40.0
      incl. 1.18 0.24 5.1 20.90 4.0 34.0 38.0
      incl. 0.46 0.05 1.8 12.00 8.0 44.0 46.0
      incl. 4.45 1.09 15.4 17.50 2.0 58.0 60.0
      SL10-09 611910 5760845 n/a 90 76.3 0.39 0.08 1.7 16.00 32.0 11.0 43.0
      On NE edge of South Zone
      "Peanut" magnetic anomaly
      0.39 % Cu over 32 m true thickness, several zones over 0.5% Cu, up to 1.18% Cu over 2m incl. 0.55 0.08 2.4 22.10 8.0 11.0 19.0
      incl. 0.92 0.15 4.1 32.10 2.0 11.0 13.0
      incl. 0.49 0.10 2.0 14.70 6.0 27.0 33.0
      incl. 0.81 0.14 3.0 17.70 2.0 31.0 33.0
      incl. 0.59 0.09 2.8 19.60 4.0 39.0 43.0
      incl. 0.64 0.15 3.0 20.40 2.0 41.0 43.0
      and 0.51 0.13 2.2 10.30 6.0 55.0 61.0
      incl. 1.18 0.29 4.2 11.20 2.0 57.0 59.0
      SL10-27 611890 5760765 n/a 90 70.1 0.39 0.05 2.1 10.40 10.0 24.0 34.0
      Off South side of South Zone
      "Peanut" magnetic anomaly
      defines edge of zone, 0.39% Cu over 10 m incl. 0.67 0.04 3.2 15.60 2.0 24.0 26.0
      incl. 0.51 0.04 3.1 9.80 4.0 30.0 34.0

      SL10-28 611910 5760765 n/a 90 70.1 0.36 0.04 2.1 17.40 2.0 15.0 17.0
      Off SE corner of South Zone
      "Peanut" magnetic anomaly
      just beyond edge of zone? and 0.34 0.03 2.3 21.60 2.0 33.0 35.0



      GWR maintains a quality assurance/quality control program that conforms to the requirements of National Instrument 43-101. Rob Shives, P. Geo., is the Qualified Person (as defined by NI43-101) who accepts responsibility for the technical content of this news release.

      GWR Resources

      GWR is an active mineral exploration company currently exploring for gold and base metals on two properties within Canada. The Lac La Hache copper-gold porphyry project hosts multiple zones containing commercial grades of gold, copper, silver and magnetite. The project is located in British Columbia's prolific Quesnel Trough between producing mines at Imperial Metals' Mt. Polley Copper-Gold Mine and New Gold Inc.'s New Afton Copper-Gold project (Teck-Cominco's legendary Afton mine). The Lac La Hache project is well-served by rail, road and power infrastructure. The Sainte Sabine gold (+Ag, Zn, Cu) property is located within the Bellechasse Mineral Belt in southeastern Quebec, adjacent to known zones on Golden Hope Mines' Bellechasse Project.

      This news release may contain "forward-looking statements". Readers are cautioned that any such statements are not guarantees of future performance and that actual development or results may vary materially from those in these "forward looking statements".

      For further information, please contact:

      Responsible Officer: Irvin Eisler, President
      Company Telephone Number: (250) 546-8048



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      schrieb am 20.01.11 22:51:00
      Beitrag Nr. 6 ()
      GWR Resources continues to intersect high grade copper-magnetite-gold-silver within Skarn Zones: North Zone Assay Update


      http://www.gwrresources.com/s/NewsReleases.asp?ReportID=4385…


      January 20, 2011
      GWR Resources continues to intersect high grade copper-magnetite-gold-silver within Skarn Zones: North Zone Assay Update

      --------------------------------------------------------------------------------

      ARMSTRONG, BRITISH COLUMBIA - GWR Resources Inc. (the "Company" or "GWR") (TSX Venture: GWQ) is pleased to report continued positive assay results from 9 additional holes testing the subvertical, Spout Lake North Skarn Zone, on the large Lac La Hache porphyry-Au-Cu-Ag and Skarn-Cu-Magnetite-Au-Ag Project in central British Columbia. As previously stated, the goal of our winter 2010-2011 drilling campaign is to support 43-101 compliant resource calculations for possible open-pit development of the near-surface portions of the skarn deposits. A full description of the Drilling Program, its rationale, links to various maps, photos and previously released assays are provided at the Company's website at www.gwrresources.com.

      A total of 34 shallow NQ holes (3,456.3 meters) were completed by two drill rigs prior to Christmas break, drilled into the North and South Skarn Zones. Assays have been received for many of these holes; 16 were reported previously, new results for 9 holes within the North skarn zone are tabulated below. Drilling resumed January 10, 2011 and continues with both drill rigs, as before. Assays will be reported on an ongoing basis as received, following confirmation and interpretation.

      Spout Lake North Skarn Zone

      The North Skarn Zone was intermittently drilled in the 1970s, 1990s and again in 2005. Relatively wide-spaced drilling defined a massive magnetite-rich, copper-gold-silver skarn zone developed within subvertical volcano-sedimentary Nicola rocks, with 350 m strike, widths from 5 to 25 m, extending below the deepest drill intersection at about 300 m vertically. In 1993, a historical resource was determined (non-43-101 compliant) as 595,113 tonnes grading 1.8 % Cu, 0.12 gpt Au and 51% magnetite. This calculation did NOT include significant mineralization within the other Spout Lake skarn zones.

      Recognizing an opportunity to significantly expand the historical skarn resource, during a period with high metal demand, GWR launched an aggressive exploration program mid-2010. A detailed ground magnetic survey has delineated the near-surface magnetite-rich portions, extending the North zone to the southeast beyond historical drilling and also locating several new zones. The magnetic survey helped correlate historical drill intersections and results of relogging of all drill cores. Subsequent detailed bedrock sampling confirmed the association of magnetite with copper, gold, silver, cobalt and high grades, in strongly positive magnetic total field anomalies.

      North Zone drilling commenced at the northwestern end and is proceeding systematically towards the southeast along the well defined magnetic high, guided by historical drilling results. Currently, 26 holes have been completed on the North Zone (please see new drill plan map on our website). All holes are inclined (-45 or -60) towards 040 degrees. Latest assays are tabulated below. As shown on the drill plan map, holes SL10-19, -20, -31, -32 and -33 were drilled across the top of the zone or into the northern "footwall" side, where the resulting lower grades or thinner intersections are as predicted. In contrast, holes SL10-15, -16, -17, -18 cut through the core of the zone, with corresponding grades exceeding 1 % Cu over large intervals, up to 8.1 % Cu over 2m.

      GWR is delighted by the continued success of our skarn program, the predictability of both intersections and grade. We look forward to releasing encouraging results throughout the current program.

      NOTE: This News Release is distributed via a broad spectrum of news services - if you experience problems viewing the Assay Table below, please see the original document on our web site under News, January 20, 2011.

      New Assays, Spout Lake NORTH Skarn Zone

      Hole NAD 83 Zone 10 Az. Dip EOH
      (m) Cu
      (%) Au
      (gpt) Ag
      (gpt) Fe
      (%) Length
      (m) From
      (m) To
      (m)
      E N
      SL10-15 611640 5761290 40 45 60.0 1.32 0.25 4.5 34.2 12.0 25.0 37.0
      incl 1.83 0.30 5.4 44.8 10.0 25.0 33.0
      incl 3.55 0.68 10.2 48.4 2.0 27.0 29.0
      and 0.43 0.02 1.0 6.3 2.0 51.0 53.0
      SL10-16 611643 5761255 40 45 145.4 3.04 0.80 16.0 34.4 8.0 71.0 79.0
      incl 7.00 1.92 42.2 29.3 2.0 73.0 75.0
      and 0.42 0.04 1.2 11.2 2.0 8.0 85.0
      and 0.62 0.11 2.6 27.1 10.0 123.0 133.0
      SL10-17 611643 5761255 40 60 121.0 0.28 0.05 1.2 20.6 10.0 89.0 99.0
      incl 0.37 0.06 1.5 18.1 6.0 89.0 95.0
      and 0.34 0.04 1.5 18.8 4.0 109.0 113.0
      SL10-18 611659 5761273 40 45 84.4 2.35 0.43 9.7 30.1 24.0 33.0 57.0
      incl 3.34 0.56 12.4 33.4 14.0 33.0 47.0
      incl 5.35 0.90 19.4 39.9 8.0 35.0 43.0
      incl 8.10 1.43 27.2 35.7 2.0 41.0 43.0
      and 1.52 0.20 6.6 35.4 6.0 51.0 57.0
      incl 3.60 0.37 15.3 28.5 2.0 55.0 57.0
      SL10-19 611675 5761293 40 45 66.1 0.49 0.10 4.1 11.7 2.0 57.2 59.2
      SL10-20 611711 5761296 0 45 69.2 1.22 0.17 6.2 23.8 2.0 18.0 20.0
      and 0.32 0.02 2.8 26.4 2.0 34.0 36.0
      SL10-31 611711 5761296 40 45 60.0 0.53 0.08 1.3 8.2 4.0 3.0 7.0
      and 0.29 0.06 1.2 10.7 2.0 19.0 21.0
      and 0.24 0.07 1.3 6.6 4.0 25.0 29.0
      and 0.31 0.08 1.3 15.5 4.0 33.0 37.0
      SL10-32 611695 5761275 40 45 90.5 0.35 0.04 1.3 16.2 2.0 4.0 48.0
      and 0.35 0.08 1.7 18.4 6.0 60.0 66.0
      SL10-33 611678 5761257 40 45 108.8 0.27 0.07 1.1 6.2 4.0 23.0 27.0
      and 0.35 0.04 1.2 7.5 14.0 31.0 45.0
      incl 0.5 0.06 1.7 14.4 2.0 35.0 37.0
      incl 0.5 0.03 1.5 5.5 2.0 41.0 43.0
      and 0.42 0.09 1.2 12.6 2.0 61.3 63.3

      GWR maintains a quality assurance/quality control program that conforms to the requirements of National Instrument 43-101. Rob Shives, P. Geo., is the Qualified Person (as defined by NI43-101) who accepts responsibility for the technical content of this news release.

      GWR Resources

      GWR is an active mineral exploration company currently exploring for gold and base metals on two properties within Canada. The Lac La Hache copper-gold porphyry project hosts multiple zones containing commercial grades of gold, copper, silver and magnetite. The project is located in British Columbia's prolific Quesnel Trough between producing mines at Imperial Metals' Mt. Polley Copper-Gold Mine and New Gold Inc.'s New Afton Copper-Gold project (Teck-Cominco's legendary Afton mine). The Lac La Hache project is well-served by rail, road and power infrastructure. The Sainte Sabine gold (+Ag, Zn, Cu) property is located within the Bellechasse Mineral Belt in southeastern Quebec, adjacent to known zones on Golden Hope Mines' Bellechasse Project.

      This news release may contain "forward-looking statements". Readers are cautioned that any such statements are not guarantees of future performance and that actual development or results may vary materially from those in these "forward looking statements".

      For further information, please contact:

      Responsible Officer: Irvin Eisler, President
      Company Telephone Number: (250) 546-8048



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      schrieb am 18.02.11 00:20:25
      Beitrag Nr. 7 ()
      Es bewegt sich!
      Avatar
      schrieb am 23.02.11 16:55:30
      Beitrag Nr. 8 ()
      GWR Continues Delineation of Cu-Magnetite-Au-Ag Skarns: Assay Update


      Feb. 23, 2011 (Filing Services Canada) -- GWR Resources Inc. (GWQ - TSX Venture), (the "Company" or "GWR")is pleased to report drill core assays for an additional 20 holes within the Spout Lake Skarns, on the large Lac La Hache porphyry-Au-Cu-Ag and Skarn-Cu-Magnetite-Au-Ag Project in central British Columbia. As previously stated, our current drilling campaign supports 43-101 compliant resource calculations required for possible development of the near-surface high-grade mineralization. A full deion of the Drilling Program, its rationale, links to various maps, new drill core photos and previously released assays are provided at www.gwrresources.com.

      Since November 2010, 104 NQ holes (9,874.3 meters) have been completed by two drill rigs, systematically testing the strong ground-magnetic trends associated with the North and South Skarn Zones. Assays received following our last News Release (Feb 10, 2011) are tabulated below by zone. Updated drill plan maps showing the collar locations with respect to the magnetic anomalies are also available at www.gwrresources.com. These images provide explanation for marginal assay results in only a few of the holes drilled to date (SL11-48, SL11-64, SL11-65, for example) which were intentionally drilled at or outside the borders of the zones as delimiters, again confirming predictability based on magnetic patterns and our evolving geological understanding.

      Drilling has now covered 300 m of the 400 m strike length of the North Zone, along 13 sections, providing compliant sampling at 25 m intervals. Approximate true widths vary from 3 to 30 metres along the zone. As previously described, DDH SL11-72 (assays pending) cut the near-vertical-dipping zone 350 m below surface, at least 50 m deeper than previous drilling, with massive, very-high-grade magnetite and chalcopyrite over approximately 8 meters. The hole terminated prematurely but will be continued to test for additional mineralization. Potassic alteration with bornite-chalcocite-chalcopyrite was described previously within DDH SL11-77 (assays pending) and has been observed elsewhere along the North Zone trend as drilling progresses easterly. Native copper has also been observed in a few holes. The North Zone is typically narrower (less thick) than the South Zone, but has consistently higher grades of all metals. Copper grades up to 8.1% over 2m were previously reported, with the current assays ranging from 0.9 to 3.7 % over 2m, and several core intervals in the 6-8 m range.

      The shallow-dipping South Zone has been extended beyond the previously reported drilling within the "Peanut" and "Turtle" anomalies, where vertical holes have intersected true widths of 40-60 m. Although the magnetite-copper (gold-silver) mineralization is typically less massive than within the North Zone, grades within the cores of the magnetic anomalies have exceeded 4% Cu over 2m. Drill testing of localized, relatively weaker magnetic responses located east and northeast of the "Peanut" has confirmed slightly deeper, down-dip extensions of the Zone. DDH SL11-109 (assays pending) intersected 17 m of strong magnetite and chalcopyrite at a vertical depth of 76 m, and is located 243 m northeast of the core of the "Peanut" anomaly. GWR is pleased with this significant South Zone step-out and will continue testing in that area. Similar low-amplitude magnetic responses elsewhere within the zone will also be tested, offering additional tonnage potential. To support this, the Company has again increased the drilling budget by 4000 m, bringing the new Program total to 16,000 m. Approximately 6000 m remain in the revised allocation.

      Proposals for completion of an independent, 43-101-compliant Resource and Technical Report on the Spout Lake Skarn Zones have been received and will be evaluated. The Company anticipates completion of this report by May 2011. Application for a Permit to remove a bulk sample from the skarns will be made shortly.

      NOTE: This News Release is distributed via a broad spectrum of news services - if you experience problems viewing the Assay Tables below, please see the original document on our web site under News, Feb 23, 2011.

      New Assays, Spout Lake SOUTH Skarn Zone



      -------------------------------------------------------------------------
      NAD 83 Zone 10
      -------------------------------------------------------------------------
      Hole E N Az. Dip EOH Cu Au Ag Fe Length From To
      (m) (%) (gpt) (gpt) (%) (m) (m) ( m)
      -------------------------------------------------------------------------
      SL11-44 611910 5760865 n/a 90 77.1 0.29 0.07 1.7 12.8 52.0 4.8 56.8
      -------------------------------------------------------------------------
      incl 0.72 0.10 2.8 28.4 8.0 4.8 12.8
      -------------------------------------------------------------------------
      incl 1.16 0.14 4.3 28.6 4.0 4.8 8.8
      -------------------------------------------------------------------------
      incl 0.56 0.07 2.4 14.9 4.0 18.8 22.4
      -------------------------------------------------------------------------
      incl 0.87 0.08 3.5 14.4 2.0 18.8 20.8
      -------------------------------------------------------------------------
      incl 0.28 0.03 1.5 11.9 10.0 30.8 40.8
      -------------------------------------------------------------------------
      incl 0.42 0.03 2.2 18.9 2.0 30.8 32.8
      -------------------------------------------------------------------------
      incl 0.37 0.03 2.0 12.6 2.0 38.8 40.8
      -------------------------------------------------------------------------
      incl 0.32 0.08 1.8 9.9 8.0 48.8 56.8
      -------------------------------------------------------------------------
      incl 0.75 0.15 4.5 9.3 2.0 54.8 56.8
      -------------------------------------------------------------------------
      SL11-45 611930 5760865 n/a 90 79.2 0.93 0.28 7.2 41.6 6.0 7.0 13.0
      -------------------------------------------------------------------------
      incl 1.58 0.22 6.5 37.9 2.0 11.0 13.0
      -------------------------------------------------------------------------
      and 0.53 0.12 3.1 19.3 2.0 17.0 19.0
      -------------------------------------------------------------------------
      and 0.37 0.09 2.0 13.2 8.0 33.0 41.0
      -------------------------------------------------------------------------
      incl 0.65 0.06 3.2 13.1 2.0 39.0 41.0
      -------------------------------------------------------------------------
      and 0.58 0.07 4.3 19.8 4.0 47.0 51.0
      -------------------------------------------------------------------------
      incl 0.82 0.10 6.1 25.0 2.0 47.0 49.0
      -------------------------------------------------------------------------
      and 0.63 0.06 2.8 13.3 2.0 63.0 65.0
      -------------------------------------------------------------------------
      SL11-46 611890 5760865 n/a 90 80.3 0.39 0.04 1.7 16.0 8.0 5.3 13.3
      -------------------------------------------------------------------------
      incl 0.68 0.05 2.8 21.8 2.0 7.3 9.3
      -------------------------------------------------------------------------
      SL11-47 611950 5760785 n/a 90 79.2 0.42 0.06 2.0 17.2 16.0 24.6 40.6
      -------------------------------------------------------------------------
      incl 0.61 0.09 2.4 22.2 6.0 26.6 32.6
      -------------------------------------------------------------------------
      incl 0.92 0.18 3.4 29.4 2.0 26.6 28.6
      -------------------------------------------------------------------------
      SL11-48 611950 5760805 n/a 90 79.2 0.31 0.05 1.2 12.7 4.0 25.1 29.1
      -------------------------------------------------------------------------
      and 0.21 0.02 1.1 9.3 4.0 56.5 60.5
      -------------------------------------------------------------------------
      SL11-49 611950 5760825 n/a 90 76.6 1.27 0.17 3.9 24.8 6.0 21.3 27.3
      -------------------------------------------------------------------------
      incl 1.75 0.21 5.7 27.0 2.0 23.3 25.3
      -------------------------------------------------------------------------
      and 0.31 0.04 3.9 19.7 2.0 33.3 35.3
      -------------------------------------------------------------------------
      SL11-50 611950 5760845 n/a 90 79.2 0.39 0.09 1.8 17.4 10.0 17.3 27.3
      -------------------------------------------------------------------------
      incl 0.70 0.11 3.4 23.3 4.0 19.3 23.3
      -------------------------------------------------------------------------
      SL11-61 611950 5760865 n/a 90 79.2 0.60 0.10 3.1 23.6 8.0 16.8 24.8
      -------------------------------------------------------------------------
      incl 1.26 0.15 7.2 29.0 2.0 18.8 20.8
      -------------------------------------------------------------------------
      and 0.25 0.02 1.3 11.8 26.0 36.8 62.8
      -------------------------------------------------------------------------
      incl 0.52 0.05 2.4 26.6 2.0 42.8 44.8
      -------------------------------------------------------------------------
      incl 0.42 0.02 2.4 13.7 2.0 46.8 48.8
      -------------------------------------------------------------------------
      incl 0.31 0.03 1.0 9.8 8.0 50.8 58.8
      -------------------------------------------------------------------------
      SL11-62 611970 5760851 n/a 90 82.2 0.40 0.05 1.9 20.7 10.0 25.2 35.2
      -------------------------------------------------------------------------
      incl 0.76 0.06 3.5 29.9 2.0 29.2 31.2
      -------------------------------------------------------------------------
      and 0.24 0.02 1.3 9.1 4.0 48.2 52.2
      -------------------------------------------------------------------------
      and 0.44 0.04 1.8 14.8 6.0 58.2 64.2
      -------------------------------------------------------------------------
      incl 0.68 0.04 2.4 15.4 2.0 60.2 62.2
      -------------------------------------------------------------------------
      SL11-63 611988 5760855 n/a 90 74.2 0.49 0.11 2.0 21.4 10.0 30.0 40.0
      -------------------------------------------------------------------------
      incl 1.21 0.30 4.3 36.1 2.0 30.0 32.0
      -------------------------------------------------------------------------
      and 0.25 0.06 1.0 10.7 2.0 50.0 52.0
      -------------------------------------------------------------------------
      SL11-64 611770 5760765 n/a 90 61.0 no significant assays (off west edge
      South zone)
      -------------------------------------------------------------------------
      SL11-65 611770 5760785 n/a 90 61.0 0.28 0.05 1.6 12.3 8.0 10.5 18.5
      -------------------------------------------------------------------------
      incl 0.47 0.08 2.5 10.9 2.0 16.5 18.5
      -------------------------------------------------------------------------
      SL11-66 611790 5760765 n/a 90 61.0 0.23 0.05 1.2 11.4 2.0 21.0 23.0
      -------------------------------------------------------------------------
      SL11-67 611790 5760785 n/a 90 61.0 0.35 0.05 1.5 17.7 4.0 5.0 9.0
      -------------------------------------------------------------------------
      and 0.43 0.08 2.6 15.1 2.0 15.0 17.0
      -------------------------------------------------------------------------
      and 0.31 0.04 2.0 13.1 2.0 23.0 25.0
      -------------------------------------------------------------------------
      SL11-68 611810 5760765 n/a 90 61.0 0.42 0.07 2.0 15.9 6.0 5.5 11.5
      -------------------------------------------------------------------------
      and 0.21 0.04 1.3 12.4 6.0 21.5 27.5
      -------------------------------------------------------------------------
      and 0.29 0.08 1.4 15.4 2.0 50.8 52.8
      -------------------------------------------------------------------------
      SL11-69 611830 5760785 n/a 90 61.0 0.29 0.03 1.6 10.5 2.0 15.0 17.0
      -------------------------------------------------------------------------
      and 0.26 0.06 1.4 11.2 2.0 25.0 27.0
      -------------------------------------------------------------------------
      and 0.32 0.10 1.4 5.6 8.0 31.0 39.0
      -------------------------------------------------------------------------
      incl 0.59 0.16 2.8 13.3 2.0 37.0 39.0
      -------------------------------------------------------------------------
      and 0.30 0.06 1.5 11.6 4.0 45.0 49.0
      -------------------------------------------------------------------------
      SL11-70 611830 5760765 n/a 90 70.1 0.40 0.08 1.7 16.8 10.0 1.2 11.2
      -------------------------------------------------------------------------
      incl 0.61 0.07 2.4 23.7 2.0 3.2 5.2
      -------------------------------------------------------------------------
      incl 0.61 0.10 2.6 18.7 2.0 9.2 11.2
      -------------------------------------------------------------------------
      and 0.32 0.07 1.4 15.9 8.0 15.2 23.2
      -------------------------------------------------------------------------
      incl 0.56 0.06 2.2 21.2 2.0 19.2 21.2
      -------------------------------------------------------------------------
      and 0.30 0.04 1.3 14.3 8.0 27.2 35.2
      -------------------------------------------------------------------------



      New Assays, Spout Lake NORTH Skarn Zone



      -------------------------------------------------------------------------
      NAD 83 Zone 10
      -------------------------------------------------------------------------
      Hole E N Az. Dip EOH Cu Au Ag Fe Length From To
      (m) (%)(gpt) (gpt) (%) (m) (m) (m)
      -------------------------------------------------------------------------
      SL11-52 611770 5761247 40 -45 60.0 no significant assays (drilled
      outside North zone)
      -------------------------------------------------------------------------
      SL11-58 611773 5761212 40 -45 121.0 0.77 0.20 3.1 16.7 4.0 4.0 8.0
      -------------------------------------------------------------------------
      and 0.67 0.11 2.7 11.2 6.0 20.0 26.0
      -------------------------------------------------------------------------
      incl 1.08 0.11 3.8 15.6 2.0 22.0 24.0
      -------------------------------------------------------------------------
      and 0.59 0.07 2.9 9.5 2.0 32.0 34.0
      -------------------------------------------------------------------------
      and 0.87 0.04 4.1 16.1 6.0 88.5 94.5
      -------------------------------------------------------------------------
      incl 1.47 0.05 6.3 21.9 2.0 90.5 92.5
      -------------------------------------------------------------------------
      SL11-59 611755 5761192 40 -45 151.5 0.47 0.03 2.3 7.2 2.0 44.5 46.5
      -------------------------------------------------------------------------
      and 1.24 0.10 4.2 21.6 8.0 52.5 60.5
      -------------------------------------------------------------------------
      incl 1.76 0.13 6.2 18.6 2.0 56.5 58.5
      -------------------------------------------------------------------------
      and 0.95 0.21 5.4 27.3 6.0 90.5 9.5
      -------------------------------------------------------------------------
      incl 2.10 0.12 7.2 28.6 2.0 90.5 92.5
      -------------------------------------------------------------------------
      SL11-60 611755 5761192 40 -60 151.1 0.91 0.14 3.0 42.5 2.0 74.5 76.5
      -------------------------------------------------------------------------
      and 0.73 0.08 2.2 32.4 2.0 86.5 88.5
      -------------------------------------------------------------------------
      and 0.38 0.02 1.7 21.6 4.0 112.0 116.0
      -------------------------------------------------------------------------
      SL11-71 611611 5761216 40 -60 279.5 1.72 0.58 6.4 35.6 8.0 168.4 176.4
      -------------------------------------------------------------------------
      incl 2.88 0.76 10.4 39.3 4.0 168.4 172.4
      -------------------------------------------------------------------------
      incl 3.65 0.58 14.6 50.3 2.0 170.4 172.4
      -------------------------------------------------------------------------
      and 0.51 0.09 2.4 11.9 8.0 180.4 188.4
      -------------------------------------------------------------------------
      incl 0.79 0.19 3.4 10.4 2.0 180.4 182.4
      -------------------------------------------------------------------------
      and 0.29 0.06 2.4 11.9 2.0 271.5 273.5
      -------------------------------------------------------------------------



      GWR maintains a quality assurance/quality control program that conforms to the requirements of National Instrument 43-101. Rob Shives, P. Geo., is the Qualified Person (as defined by NI43-101) who accepts responsibility for the technical content of this news release.

      GWR Resources

      GWR is an active mineral exploration company currently exploring for gold and base metals on two properties within Canada. The Lac La Hache copper-gold porphyry project hosts multiple zones containing commercial grades of gold, copper, silver and magnetite. The project is located in British Columbia's prolific Quesnel Trough between producing mines at Imperial Metals' Mt. Polley Copper-Gold Mine and New Gold Inc.'s New Afton Copper-Gold project (Teck-Cominco's legendary Afton mine). The Lac La Hache project is well-served by rail, road and power infrastructure. The Sainte Sabine gold (+Ag, Zn, Cu) property is located within the Bellechasse Mineral Belt in southeastern Quebec, adjacent to known zones on Golden Hope Mines' Bellechasse Project.


      This news release may contain "forward-looking statements". Readers are cautioned that any such statements are not guarantees of future performance and that actual development or results may vary materially from those in these "forward looking statements".


      For further information, please contact:
      Responsible Officer: Irvin Eisler, President
      Company Telephone Number: (250) 546-8048

      Neither the 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.





      Source: GWR Resources Inc. (TSX-V - GWQ) http://www.gwrresources.com
      Maximum News Dissemination by Filing Services Canada Inc. http://www.usetdas.com


      Source: Filing Services Canada (February 23, 2011 - 9:05 AM EST)


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