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As of 11:28 AM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).

waseco resources inc (WRI) Snapshot

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Market Cap
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waseco resources inc (WRI) Details

Waseco Resources Inc., an exploration stage company, is engaged in the exploration of mineral properties in Canada and the United States. It explores for gold, uranium, copper, and diamond projects. The company principally has an option to earn a 75% interest in the Battle Mountain Ridge project that consists of 29 claims located in the Battle Mountain area of Nevada. Waseco Resources Inc. is based in Toronto, Canada.

waseco resources inc (WRI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$32.0K
Chief Financial Officer, Secretary, Treasurer...
Total Annual Compensation: C$12.0K
Compensation as of Fiscal Year 2014.

waseco resources inc (WRI) Key Developments

Waseco Resources Inc. Continues to Advance its Nevada Gold Project

Waseco Resources Inc. reported that preparations continue for a follow-up drill program consisting of 6 to 10 holes, of up to 1,800 meters in total, designed to test and expand several of the known mineralized gold zones identified on the Battle Mountain Ridge Project in Nevada. The initial focus will be on the north zone, where Hole 12-5 intersected 25.4 g/t Au (0.9 oz/t) over 3.7 m (12 feet) in the interval 150-153.7 m (492-504 feet) down hole on a splay structure of the dominant Stibnite Fault. This interval included intersections of, 47.6 g/t Au (1.68 oz/t) over 0.9 m (3 feet) and 61 g/t Au (2.15 oz/t) over 0.6 m (2 feet). This high grade zone remains open laterally and to depth. An upper zone, higher in the hole, between 128-142 m (420-465 feet), returned gold values averaging of 1.82 g/t Au (0.06 oz) over 13.72 m (45 feet). Three to four holes are planned for this area. The south zone will be tested by 1 or 2 holes by way of follow-up to several previous RC holes (7-5, 7-6, and 93-19) that intersected significant gold as did core drill Hole 12-2, which intersected several mineralized zones. In addition, this mineralization appears to come to the surface, as a 1 m chip sample above this intersection returned 0.63 g/t Au. This zone is open to the north where no drilling has been carried out. The intersection of two major fault zones about 150 m to the north makes this area a priority target. The gold mineralization is structurally and stratigraphically controlled and the continuity can be disrupted by offsets which displace the gold zones laterally and vertically. An area south-east of the north zone is viewed as a potential offset of this zone. It has seen very limited testing. Two holes are proposed in this area. In addition to the above targets, a gold zone discovered east of the south zone (Hole 07-7) should also be tested as a possible off-set continuation of the north zone, or a new mineralized area.

Waseco Resources Inc., Annual General Meeting, Aug 28, 2014

Waseco Resources Inc., Annual General Meeting, Aug 28, 2014., at 10:00 US Eastern Standard Time. Location: The Offices of Blaney McMurtry LLP. Agenda: To elect Directors of the Corporation for the ensuing year; to appoint the auditors of the Corporation for the ensuing year and to authorize the Directors to fix the auditors' remuneration; to approve the Stock Option Plan; and to transact such other business as may properly be brought before the Meeting or any adjournment or adjournments thereof.

Waseco Resources Inc. Plans New Drill Program at Battle Mountain, Nevada

Waseco Resources Inc. announced that it intends to follow up on the excellent results of its 2012 drill program and the acquisition of the balance of the lease to the Battle Mountain Ridge gold project in Lander County, Nevada. The Waseco Board has approved a drill program designed to expand several of the known gold zones previously identified on the property and evaluate new targets. The initial focus will be on the North Zone where, in a core drilling program completed by Waseco, Hole 12#5 intersected 25.4 g/t Au (0.9oz/t) over 3.7m (12feet) in the interval 150-153.7m down hole (450-465feet) on a splay fault of the dominant stibnite fault. This interval included intersections of: 47.6 g/t Au (1.68 oz/t) over 0.9m (3 feet) and 61g/t Au (2.15 oz/t) over 0.6m (2 feet). This hole is exceptional in that it has intersected the higher grade gold mineralization reported from any known exploration program completed on the property to date. This high grade zone remains open laterally and to depth. Three to four RC holes are planned for this area. An upper zone, higher in the hole, between 128-147m (420-465 feet), returned gold values averaging of 1.82g/t Au (0.06oz) over 13.72m (45 feet). The intersections appear to be approximately 85% of true widths based on the core angles and information plotted on cross section. A previous RC hole intersection, approximately 25m above Hole 12#5, returned 29m (95 feet) of 1g/t Au. Hole 12#6, drilled at 53 degrees to the east, returned intersections of 5.3 g/t Au over 1.5m from 65.8-67m, 0.49g/t Au over 3m from 178-181m and 1.15g/t Au over 0.9m from 194.5-193.4m. The upper zone of core Hole 12#5, was not intersected in core Hole 12#6. It is believed that this higher grade zone may be off-set to the north and therefore was missed by Hole 12#6. This interpretation will be tested during the planned program. The South Zone will also be tested by 1 or 2 holes to follow-up to several previous RC holes (7-5, 7-6, and 93-19) that intersected significant gold as well as core Hole 12#2 which intersected several mineralized zones. The upper zone returned 4.6m of 0.41 g/t Au from 6.1-10.7m. Two deeper zones, from 59.5-68.6 and 74.7-76.2 m, returned 8.4m of 0.52g/t Au and 1.5m of 0.53g/t Au, respectively. This mineralization appears to extend to surface as a 1m chip sample at the surface returned 0.63g/t Au but extensive surface sampling or trenching has not yet been done in this area. This zone is open to the north where no drilling has carried out to date to extend the zone. The intersection of two major fault zones about 150m to the north makes this area a priority target.

 

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