VANCOUVER, Nov. 2, 2011 /CNW/ - WCB Resources Ltd ("WCB" or the "Company") (WCB - TSX.V) has previously provided
exploration updates pertaining to highly encouraging results from soil
sampling, rock chip sampling, and IP surveys on its Red Hill Project.
The results from this activity demonstrated the existence of a coherent
high order target requiring appropriate drill testing.
WCB is pleased to announce that all government regulatory approvals have
been received and that a highly qualified suitable drilling contractor
has been engaged to complete the scout drill testing.
The contractor will commence activity in the next 7 to 10 days on site.
The initial drill hole will comprise a 150m RC pre collar followed by a
250m diamond HQ tail for a total of 400m targeting the central area
with coincident Cu-Au-Mo-Bi soil anomalism, Au-Cu-Mo-Bi rock anomalism,
an intense magnetic high and a high order IP chargeability anomaly.
It is envisaged that the drill hole may take 2 weeks to complete.
Updates will be provided.
Further details of this announcement can be located at www.wcbresources.com/news-releases/
Further details of the latest Red Hill presentation including geology,
geochemistry and geophysics can be located at www.wcbresources.com/presentations.
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.
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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