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WRA Windarra Minerals Ltd.

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Share Name Share Symbol Market Type
Windarra Minerals Ltd. TSXV:WRA TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Windarra Minerals Ltd. (WRA.V) to Drill Mishi Leases Gold Targets

09/02/2011 6:01pm

Marketwired Canada


Windarra Minerals Ltd. (the "Company") (TSX VENTURE:WRA) is pleased to announce
that drilling at its 100% owned Mishi Leases property will begin this week. The
property is located approximately 50 km west of Wawa and is accessible by an
all-weather road leading to Wesdome's Mishi-Magnacon milling complex, which
largely processes ore from Wesdome's Eagle River mine.


Drill targets on the property are based on encouraging results returned in a 70
line-km grid-based Induced Polarization (IP), Magnetometer (Mag), and soil
geochemical (1400 samples) survey completed by the Company in late
September-November, 2010. Other targets were outlined in a compilation of
previous work, which was undertaken largely in the 1980's and 1990's. These
earlier programs, which also returned very encouraging results, included
stripping, trenching, channel sampling (e.g., 3.93 g/t Au over 9.9 m, 32.9 g/t
Au over 3 m, 18.5 g/t Au over 4.2 m, and 1.34 g/t Au over 10.2 m), and diamond
drilling (e.g., 13.8 g/t Au over 1.5 m, 7.36 g/t Au across 4 m, 5.1 g/t Au over
6 m, 4.8 g/t Au over 4 m, 6.8 g/t Au over 2.8 m, 7.38 g/t Au over 3 m, 7.36 g/t
Au over 4 m, and 1.1 g/t over 32 m).


The previous results, which include both narrower high-grade intervals and broad
lower-grade "bulk-mineable" style intervals, were obtained from trenches and
approximately 40 drillholes scattered along the length of the property. In
addition to these excellent results, many broad intervals in drillholes and
channel samples returned "highly anomalous" gold-bearing values. It should also
be noted that most of the drill intersections remain open along strike and/or
down-dip, and that diamond drilling was undertaken only to relatively shallow
depths.


Wesdome's Mishi Pit project

Windarra's Mishi Leases property lies less than 1 km from Wesdome's
reinvigorated Mishi Open Pit project, which itself lies less than 2 km west of
their Eagle River/Magnacon mill. Past mining at the Mishi Pit has yielded over
15,000 ounces of gold from over 135,000 tonnes of milled open pit ore, at a
recovered grade of 3.57 g/t gold. In a News Release dated November 29, 2010,
Wesdome announced the results of a positive prefeasibility study for the Mishi
Pit project, which included a significant upgrade to their NI43-101 compliant
resource estimate. The estimate included Measured and Indicated Resources
totalling 5.7 million tonnes at 2.4 g/t Au, for a total of 438,000 contained
ounces of gold in eight relatively shallow, easterly-plunging ore lenses (at a
1.0 g/t Au cut-off). Ninety percent of the resources are open-pittable, with
planned open pits reaching depths of 110 metres. Additional Inferred Resources
total 1.2 million tonnes at 3.6 g/t Au for another 140,000 contained ounces, and
according to Wesdome, there is good potential to delineate further resources
with additional drilling, as the deposit remains open both to depth and along
strike. According to Wesdome, mineralization in the Mishi zone consists of
disseminated pyrite in sericite-ankerite alteration zones within felsic host
rocks, which are locally accompanied by smokey grey quartz veins and veinlets.


Mishi Leases Mineralization, Geology, and Exploration Potential

Mineralization and alteration of a similar style to that at the Mishi deposit is
common on the Mishi Leases property. Like the Mishi deposit, the Mishi Leases
lie astride a flexure in the regional "Mishibishu deformation zone", which
parallels a contact between bimodal mafic-felsic volcanic and sedimentary rocks,
and like the Mishi deposit, the mineralized and altered zones along this contact
yield IP chargeability and gold geochemical anomalies. Windarra's 2010
geochemical and geophysical surveys have confirmed that much of the potential
lies near to this contact, and the surveys, along with results of previous
drilling, stripping, and channel sampling, have yielded a considerable number of
high-priority drill targets along 3 km of strike-length. The plan in the
upcoming campaign is to drill-test a combination of these targets, including a
number of the geophysical anomalies identified along the mineralized trend in
the deeper-looking IP survey undertaken on the Mishi Leases this past fall.


This Press Release was prepared by Charles Greig, PGeo., a Director of Windarra
Minerals Ltd. and a "Qualified Person" as per NI43-101.


On behalf of the Board of Directors

John Pallot, President

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