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     283  0 Kommentare WCB Resources Provides Update on Diamond Drilling at Misima Porphyry Copper Prospect, PNG

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 24, 2014) - WCB Resources Ltd. (TSX VENTURE:WCB) -

    Key Points:

    • First scout diamond hole completed to depth of 723.3 m.
    • Initial assays demonstrate broad zone of anomalous copper over 188 m.
    • Observed alteration and first initial assays suggest the hole was drilled down the shoulder or pyrite halo of the porphyry system: second hole now in progress.

    WCB Resources Ltd ("WCB" or the "Company") is pleased to provide an update on recently commenced diamond drilling at the Misima Porphyry Copper Prospect, where it is testing a potential Tier-1 copper-gold porphyry target.

    An initial program of up to 4,000 m of reconnaissance scout diamond drilling commenced in mid-September targeting deep strong magnetic features beneath an extensive 1 km2 copper-soil anomaly at the Misima Porphyry prospect which coincides with extensive rock chips, shallow drilling and skarn mineralisation and halo veining at surface.

    Drilling has progressed well with anticipated production rates and good recoveries achieved. The first diamond drill-hole, GDD001 was completed to a depth of 723.3 m down-hole. Detailed examination and geological observations of the drill core from GDD001 indicate the presence of strong propylitic-style alteration including pyrite, strong fracture density and vein styles typical of the margin of a large porphyry copper-gold system.

    WCB is encouraged by these observations, which suggest that the hole was drilled down the shoulder or pyrite halo of the porphyry system at the Misima Porphyry prospect and may represent an important incremental step towards the central porphyry zone at depth.

    Assay results have so far been received for the interval from 2 to 190 m of the hole with analysis indicating that the entire interval averages 572 ppm (0.05%) copper. These results are similar to the previous 1969 drill testing completed by Noranda.

    Individual peak copper results correspond to peak molybdenum and silver results.

    These results provide a vector to the south-west of this hole, suggesting that the target central porphyry zone may lie in this area. This gives the Company confidence that the second diamond hole GDD002, has been correctly located to test this target central porphyry zone, where stronger copper mineralisation could be expected.

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    WCB Resources Provides Update on Diamond Drilling at Misima Porphyry Copper Prospect, PNG VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 24, 2014) - WCB Resources Ltd. (TSX VENTURE:WCB) - Key Points: First scout diamond hole completed to depth of 723.3 m. Initial assays demonstrate …