The National, Wednesday May 13th, 2015
WCB Resources Ltd has announced an updated mineral resource reported for Umuna Zone and Ewatinona Prospects on its Misima Island project in Milne Bay.
The minerals exploration and development firm has two active projects on Misima Island and Red Hill in NSW, Australia.
President and chief executive officer Cameron Switzer said: “Upgrading of the Misima mineral resource is an important milestone for our company as it demonstrates the upside and potential of this project and transforms WCB from a pure exploration group to a company with a potential development and commercialisation scenario which will be further assessed by ongoing studies.
“Importantly, as our team continues to dissect and further understand the data, our confidence level grows to support the idea that the Misima project is a significant exploration play.
“Clearly there is significant extension potential both at depth and along strike.”