UPDATE: Westminster Resources Cumbral-San Bartolo Exploration Update; Shares Fall 9% to Near Yr Low


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Westminster Resources Ltd. (WMR.V), is down 9.5% to 9.5 cents late morning. The company said it has successfully completed its 2012 Phase One $1.6 million exploration program at the Cumbral-San Bartolo property. Located in Sonora, Mexico, work included a 3D-Induced Polarization ( IP ) and ground magnetic geophysical survey covering 219 line kilometers of survey grid, over 5,000 soil geochemical samples, rock prospecting-geological mapping (over 700 samples) and a diamond drill program of seven holes (total 1,641 meters) on the Cumbral trend. The exploration program was funded by Capstone Mining Corp. (CS.TO) in accordance with a $9.3 million agreement that was announced in April 2012.

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