WCB Resources Ltd. Rock Chip Results at Red Hill Project Upgrade Project Potential


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 following:

  • 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 depth

  • 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 accordingly."

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 significant experience.

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

Cameron Switzer
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.

For further information:

Shaun Maskerine
Email:  smaskerine@wcbresources.com  
              Cameron Switzer
Email: cswitzer@wcbresources.com


Profil de l'entreprise

WCB Resources Ltd.

Renseignements sur cet organisme


Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .


Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.


Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.