WCB Provides Updated NI 43-101 Report for Umuna Zone, Ewatinona Prospects on Misima Island Project

WCB Resources Ltd announced an updated mineral resource reported in accordance with National Instrument 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 highest 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.