-- results include 170.9m @ 0.36% Cu, 0.33 g/t Au and 10.10 g/t Ag-- confirms the existence and continuity of highly anomalous Cu Au and Ag geochemistry in the interpreted peripheral levels of a large porphyry Cu Au system-- mineralisation is similar to observed styles in other large porphyry deposits-- high order geochemistry is developed in propylitic and minor phyllic alteration assemblages which are typical of the outer zones or distal areas of a large porphyry system
Project Further Upgraded - World Class Porphyry Cu Ag Exploration Project:
-- in addition to the exploration to date (soil sampling and aeromagnetic surveys recently completed) the channel sampling and mapping reinforces the status of this porphyry Cu Au project as a Tier 1 Exploration Asset-- the footprint of the project continues to grow-- mapping continues to expand the system-- drill targeting underway
WCB Resources Ltd ("WCB" or the "Company") (TSX VENTURE: WCB) is pleased to announce the results for the recently completed sawn-channel sampling and mapping at the Misima Porphyry Cu Au Project in PNG. This program is part of an ongoing systematic exploration strategy which continues to upgrade the Misima Porphyry Cu Au Project. The receipt of this new data confirms the existence of a potentially significant precious metal rich porphyry Cu style target.
Cameron Switzer, President and CEO said "These channel sample results yet again highlight the robust nature and upside of this project. The data significantly upgrades the project from a number of perspectives.
Firstly, the surface expression or footprint where the stockwork veining and skarn is developed, is comparable to many other commercial projects throughout the world.
Secondly, the level of Cu Au and Ag anomalism is significant given that the alteration indicators, geological data and geochemical vectors point to the peripheral or distal regions of the system. Typically, in these types of deposits the zone where the majority of the metal is located has not yet been tested at Misima.
Thirdly, we have now demonstrated that this system has significant by-product precious metal credits which are critical additions to the overall potential value. In addition, the complex geological relationships, including the vein types and density, all point to a strong hydrothermal system with significant potential. Management and the Board are further encouraged as mapping continues to expand the system to the north, east and south. This data along with the magnetic data are critical for drill targeting."
Mapping and Channel Sampling Program
Detailed mapping and channel sampling have now been completed over an area measuring in excess of 800m by 500m. This area has been previously outlined by the soil sampling program which defined the large 1,100m by 900m coincident Cu Au Mo soil anomaly (see announcement 06/14/2012). This mapped area also covers the intense magnetic high as previously outlined (see announcement 08/07/2012).This data has been collected as a prelude for drill targeting.