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As of 11:37 AM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

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wcb resources ltd (WCB) Details

WCB Resources Ltd., an exploration stage company, operates as an minerals exploration and development company. It has an option to acquire a 100% interest in the Red Hill copper gold project located in central New South Wales, Australia; and owns a 30% interest in the Misima gold copper project that consists of 53 sub blocks covering an area of 180 square kilometers and is located on Misima Island, Papua New Guinea. The company was formerly known as WCB Capital Ltd. and changed its name to WCB Resources Ltd. in April 2010. WCB Resources Ltd. was incorporated in 2007 and is headquartered in Brisbane, Australia.

Founded in 2007

wcb resources ltd (WCB) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: --
Chief Financial Officer, Director and Member ...
Total Annual Compensation: --
Vice President of Exploration
Total Annual Compensation: C$198.2K
Compensation as of Fiscal Year 2014.

wcb resources ltd (WCB) Key Developments

WCB Resources Ltd Identifies South Eastern Extensions of the Umuna Zone at Kulumalia, Misima Island, Papua New Guinea

WCB Resources Ltd. announced an updated mineral resource reported in accordance with National Instrument 43-101 ("NI 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 focussed on systematic mapping and sampling along with further data interpretation and compilation aimed at identifying the priority targets. Kulumalia is the south eastern extension of the plus 3km strike extensive Umuna Zone. Previous mining at Kulumalia has extracted near surface gold bearing material over a length of 500m to depths of up to 100m below surface. Recent ongoing systematic studies have identified the extension of this zone an additional 500m to the south east. 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 is more sparse than the area mined with 37 holes being completed on 50m sections over the 500m 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 mineralisation may be included in future mineral resource statements.

WCB Resources Ltd. Announces Gold Resource Upgrade on Misima Island, Papua New Guinea

WCB Resources Ltd. announced an updated mineral resource reported in accordance with National Instrument 43-101 ("NI 43-101") for the Umuna Zone and Ewatinona Prospects on its Misima Island Project in Papua New Guinea. The mineral resource statement now includes both the Umuna and Ewatinona Prospects. The mineral resource is constrained by geological and grade domains and is incorporated within a conceptual open pit at each deposit with results being reported at a $1,200 per oz gold price. Upgrading of the mineral resource classification and the inclusion of the Ewatinona Prospect was enabled following the completion of previous recommendations by AMC. These included updating of surfaces such as the current topographic surface, the previous mining limits, the fill volumes and the water levels, in combination with the recognition of additional data sources that included original drill logs, survey sheets, core photographs, assay sheets and QA/QC procedures and protocols. Further support and confidence was obtained following the completion of blast hole variography supporting the model as well as reconciliation comparisons from closely spaced blast hole data to the model. An Indicated Mineral Resource comprising 1.3 million ounces of gold and 6.0 million ounces of silver. An Inferred Mineral Resource comprising 0.38 million ounces of gold and 3.3 million ounces of silver.

WCB Resources Ltd. Provides an Update on Diamond Drilling at the Misima Porphyry Copper Prospect

WCB Resources Ltd. provided an update on diamond drilling at the Misima Porphyry Copper Prospect where it has completed the initial scout drill program. Reconnaissance scout diamond drilling commenced in mid-September on the Misima Porphyry Copper Prospect targeting a coincident strong magnetic anomaly beneath an extensive 1 km copper soil anomaly coincident with rock chips, channel sampling and highly anomalous shallow drilling. Surface mapping indicated the existence of skarn mineralisation and classic halo veining at surface. A total of 5 drill holes have been completed in this scout program with each hole intersecting porphyry style alteration and fracturing. Sample locations, drill collars are recorded by GPS devices and reported in GDA94 projection Zone 56. Samples are assayed by ALS Minerals Brisbane for 33 elements using method ME-ICP61, and for gold by method Au-AA25. ME-ICP61 is a 'near total' digestion using 4 acid and ICP-AES. Au-AA25 is used to detect ore grade levels from 0.01 to 100 g/t gold on a nominal 30 gram sample using fire assay with AAS. Cu values over 10,000 ppm are reanalysed by method Cu OG62, Ore Grade Cu ­ with a four acid digestion. The Misima Porphyry Prospect is one of two porphyry alteration centres on EL1747 and is the target of current scout drilling. Surface data defined a zone with a footprint in more than 1 million tonnes per vertical metre with an average grade of 0.37 g/t Au, 866ppm Cu and 3.1 g/t Ag. Misima Island has previously demonstrated mineral deposit pedigree through the past production of 4.0M ounces of gold and 20M ounces of silver from various operations but most recently the Misima Mine owned by Placer Dome Asia Pacific.


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