VANCOUVER, Sept. 7, 2011 /CNW/ - WCB Resources Ltd ("WCB" or the "Company") (WCB - TSX.V) previously provided an
exploration update on its Red Hill Project located in New South Wales,
Australia where it was announced that field inspections upgraded the
exploration potential of the project and that systematic rock chip
sampling, focussed on the gold endowment, was also completed. Results
for this rock chip sampling have been returned highlighting the
peak results include Au up to 11.45 g/t, Cu up to 0.24% ppm, Mo up to 51 ppm and Zn to 0.75% ppm
importantly, the majority of samples from the central gossanous zone
returned Au results of >0.1 g/t Au indicating the existence of gold
credits in the hydrothermal system
the peak Au value of 11.45 g/t is coincident with the largest and highest order magnetic feature which
is the primary target
It is interpreted that due to intense surface oxidation/leaching
resulting in extensive gossanous material, the Copper, Molybdenum and
Zinc results are not an accurate reflection of the hypogene target at
these results add further to additional activities including the
completion of an induced polarisation survey in mid to late September
to allow for subsequent drill target definition
Rock chip sampling was focussed on the Au potential from an intrusive
related skarn style of system perspective. WCB collected a total of 28
rock chip samples over the Red Hill Project area with the aim of
understanding the tenor and distribution of the Au anomalism in
relation to the various lithological relations observed in the field.
The results support the previous mapped data and confirm the concept
that the Red Hill prospect comprises a central region of anomalous Cu
Au enveloped to the north east by a large gossanous zone of anomalous
Pb Zn Ag material. Furthermore the high order gold results are
coincident with the anomalous soil results previously reported.
Commenting on the rock chip results President and CEO of WCB Mr Cameron
Switzer said "gold in rock chip samples of up to 11.45 g/t coincident with the
Company's high priority target area is particularly encouraging
considering that only the peripheral regions of this anomaly were drill
tested in the 1970's. We will move to engage a suitable geophysical
team to complete the IP survey as soon as practical. Based on the
information generated from that survey, we will drill test
Mr. Cameron Switzer, BSc (Hons), 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.
Quality Control / Quality Assurance: Samples have been analysed at ALS
Minerals Ltd facilities in Brisbane, Australia. ALS Minerals
laboratories are registered to ISO 9001:2008 and ISO/IEC 17025:2005
accreditations. Analysis has been completed for Au by Au-AA25, ore
grade Au 30g FA AA Finish - AAS, and all other elements by ME-ICP61,
four acid ICP-AES.
About WCB Resources
WCB Resources is an aggressive minerals exploration and development
company that brings together a strong, interdisciplinary, and proven
management team with the ability to take a project from discovery right
through to operation..
WCB's strategy is to build shareholder value through acquisition,
exploration and development of copper gold projects. This strategy is
being developed by a synthesis of WCB's core skills in project
evaluation, structured acquisition, exploration and project development
and operations, areas where WCB directors and executives have
We believe that our capabilities and experience, combined with an
efficient corporate structure, provide tremendous potential upside for
investors. WCB Resources is engaged in an ongoing search and evaluation
of additional copper gold projects in the Asia Pacific region.
On behalf of the Board of Directors
President and Chief Executive Officer
Neither 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.
WARNING: The Company relies on litigation protection for "forward
looking" statements. Actual results could differ materially from those
described in the news release as a result of numerous factors, some of
which are outside the control of the Company.
SOURCE WCB Resources Ltd.
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