Kostolanys Erbe schrieb am 28.07.2015, 20:36 Uhr[/url]"]
WCB Resources extends Misima Island's Umuna zone
2015-07-28 09:23 ET - News Release
Mr. Cameron Switzer reports
WCB RESOURCES IDENTIFIES SOUTH EASTERN EXTENSIONS OF THE UMUNA ZONE AT KULUMALIA, MISIMA ISLAND, PAPUA NEW GUINEA
WCB Resources Ltd. released an updated mineral resource, reported in accordance with National Instrument 43-101, for the Umuna zone and Ewatinona prospects on its Misima Island project in Papua New Guinea on May 7, 2015. Recent exploration activities have focused on systematic mapping and sampling, along with further data interpretation and compilation aimed at identifying the highest-priority targets.
Highlights include:
Kulumalia mineralization extended 500 metres to the southeast;
Extensions are not included in the Umuna mineral resource;
Historic drill data indicate significant upside including: 56 m at 1.30 grams per tonne gold, 14 g/t silver from 40 m (KRC421);
36 m at 1.90 g/t Au, 13 g/t Ag from 48 m (KMD470);
34 m at 1.09 g/t Au, seven g/t Ag from 100 m (KRC404).
Kulumalia is the southeastern extension of the plus-three-kilometre-strike extensive Umuna zone. Previous mining at Kulumalia has extracted near-surface gold-bearing material over a length of 500 m to depths of up to 100 m below surface. Recent continuing systematic studies have identified the extension of this zone an additional 500 m to the southeast.
The Kulumalia extension not included in the mineral resource is identified by variably brecciated, semi-continuous siliceous zones on surface, associated with anomalous soil and rock chip results. Historic drill data are more sparse than the area mined, with 37 holes being completed on 50-metre sections over the 500-metre strike, but interpretation of the data suggests well-developed continuity in multiple gold-bearing zones.
WCB expects that with minimal additional drilling, the Kulumalia extension mineralization may be included in future mineral resource statements.
Drill intersections in the Kulumalia extension include:
56 m at 1.30 g/t Au, 14 g/t Ag from 40 m (KRC421);
36 m at 1.90 g/t Au, 13 g/t Ag from 48 m (KMD470);
34 m at 1.09 g/t Au, seven g/t Ag from 100 m (KRC404);
10 m at 2.28 g/t Au, 25 g/t Ag from 128 m (KRC463);
30 m at 1.47 g/t Au, 28 g/t Ag from 194 m (KMD463 -- deepest hole in area);
10 m at 1.57 g/t Au, 13 g/t Ag from 28 m (KMD466);
10 m at 1.64 g/t Au, eight g/t Ag from 108 m (KMD466).
Cameron Switzer, president and chief executive officer, said: "The recognition of the Kulumalia extension by the team may well prove to be critical factor in unlocking the gold potential, as not only is this extension defined over a significant distance, but it also brings the opportunity for near-surface oxide mineralization that can be accessed early in any future start-up. Drilling in this area has only been completed to a maximum depth below surface of 140 m, and we know that, based on drilling to the north on Umuna, well-developed intersections several hundred metres deeper are still open at depth."
Planning for future drill testing in this area will focus on zones that validate the continuity and increase the level of confidence for future mineral resources.
Quality assurance/quality control
Exploration at the Misima project is supervised by Mr. Switzer, president and CEO, who is the qualified person under National Instrument 43-101, and Ross Logan, exploration manager, who is a qualified person under NI 43-101. All geochemical information for the company's projects is obtained and reported under a quality assurance and quality control program that includes the usage of standard operating procedures, guidelines including the insertion of certified independent geochemical standards and appropriate collection of field duplicates where appropriate.
Drill hole results are reported above a 0.3-part-per-million gold cut and include internal dilution intervals of up to four m.
WCB has obtained the drill hole logs, assay sheets including standards, survey data, photographic record where appropriate, geological procedures and protocols for these data.
Qualified persons
Cameron Switzer, BSc (honours), MAIG (3384), MAusIMM (112798), president and chief executive officer of WCB Resources, is a qualified person as defined by National Instrument 43-101. He is responsible for quality control of exploration undertaken by WCB. Mr. Switzer has reviewed and approved the technical information in this release.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aWCB-2296998&symbol=WCB®ion=C
[url=http://peketec.de/trading/viewtopic.php?p=1606766#1606766 schrieb:
CCG-Redaktion schrieb am 23.07.2015, 15:25 Uhr[/url]"]http://www.marketwatch.com/story/wcb-resources-advances-quartz-mountain-prospect-misima-island-papua-new-guinea-2015-07-23-9173167
Press Release
WCB Resources Advances Quartz Mountain Prospect, Misima Island, Papua New Guinea
Published: July 23, 2015 9:16 a.m. ET
VANCOUVER, BRITISH COLUMBIA, Jul 23, 2015 (Marketwired via COMTEX) -- Highlights include:
-- Surface rock chip sampling has outlined two new zones of highly
anomalous gold silver mineralisation at Trig and Maika Creek
-- Historic channel sampling in the Ewatinona area indicates broad zones of
gold and silver mineralisation including:
83m @ 1.86 g/t Au
86m @ 1.85 g/t Au
55m @ 1.00 g/t Au