Last C$0.30 CAD
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wcb resources ltd (WCB) Snapshot

Open
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Previous Close
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Day High
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Day Low
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52 Week High
06/12/14 - C$0.43
52 Week Low
12/18/13 - C$0.22
Market Cap
17.4M
Average Volume 10 Days
5.5K
EPS TTM
C$-0.03
Shares Outstanding
57.9M
EX-Date
--
P/E TM
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Dividend
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Current Stock Chart for WCB RESOURCES LTD (WCB)

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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 and Director
Total Annual Compensation: --
Vice President of Exploration
Total Annual Compensation: C$199.5K
Compensation as of Fiscal Year 2013.

wcb resources ltd (WCB) Key Developments

WCB Resources Ltd. Provides Update on Drill Hole GDD001, Misima Porphyry Prospect, PNG

WCB Resources Ltd. announced that the scout drill testing of the Misima Porphyry Prospect is currently at a depth of 695.1m. Drilling is advancing at a better than anticipated rate with good recoveries. Detailed logging of the diamond drill core including magnetic susceptibility measurements are being completed as per standard routine protocols and procedures. Samples for the first 190m of drill are currently in Brisbane undergoing analysis. A further 240m of samples have been dispatched from site. Sampling is conducted under the supervision of suitably qualified personnel and samples are stored in a locked facility prior to dispatch to Brisbane. A visual geological estimate and summary of the drill hole GDD001 indicates that a significant proportion estimated at greater than 30% by volume is comprised of intrusive porphyritic andesite with the remaining 70% comprising Ara Schist metasediments and volcanics. The host rocks are variably fractured and have intense chlorite - illite - carbonate alteration. Zones of intense overprint alteration are also observed. Minor albite and epidote alteration are also observed. Fine chalcopyrite is visible replacing mafic minerals in the intrusive rocks and as minor veins in the host schist. Comparisons with previous historic Noranda holes can be drawn which returned up to 0.1% Cu but were not analysed for gold or silver. Drill hole GDD001 is the first component of a scout drill program comprising of up to five drill holes. Remainder of the drill sites are being progressively prepared.

WCB Resources Ltd Announces Commencement of Drilling on the Misima Porphyry Prospect

WCB Resources Ltd. announced the commencement of drilling at the Misima Porphyry Prospect. Diamond drill hole GDD001 will be collared in the north eastern section of the prospect and will be drilled at a -80deg angle towards the south west targeting the depth extensions of the mineralised material on surface as well as the central and most intense magnetic anomaly. Mapping suggests that the hole will be collared in propylitic altered halo material and will be drilled to depth extents up to and in excess of 1000m pending visual mineral estimates in drill core.

WCB Resources to Commence Drilling on Misima Island, PNG

WCB Resources Ltd. announced the awarding of the Drilling Contract for the forthcoming drill program on the Misima Porphyry Prospect, Misima Island, Papua New Guinea. Following a detailed evaluation process, Quest Exploration Drilling (QED) has been awarded the Misima Porphyry Drilling Contract for the completion of the Stage 1 Exploration Drill Program on Misima Island. This initial program will see upwards of an estimated 4,000m of diamond drilling completed in a series of holes that have projected depths of up to +1,000m. The location of these holes has been determined by a rigorous exploration program comprising soil sampling, geological mapping, channel sampling, an airborne magnetic survey and compilation of historic data, including exploration drilling and mine blast holes. Synopsis of this data suggest that WCB has defined a zone with a footprint in excess of 1 Mt per vertical metre with an average grade of 0.37 g/t Au, 866ppm Cu and 3.1 g/t Ag (based on all data including Misima Mines' channel sampling and blast holes, as well as WCB's channel sampling). Importantly, higher economic Cu and Au grades are returned when magnetite alteration is observed. Magnetic data suggest that the large high order magnetic anomaly does not reach surface and has not been previously drill tested. This is further supported by previous exploration drill holes which return halo style intersections over a 1,500 m by 1,000 m area. Halo drill holes have been critical in several recent significant discoveries.

 

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