CANADA based WCB Resources has announced an extension of one mineralisation zone and the identification of two more at prospects on Misima Island.
Recent systematic studies exploration activities found mineralisation at the Kulumalia section of the three kilometre Umuna Zone extended 500 metres to the south east.
Previous mining at Kulumalia has extracted near-surface gold bearing material over a length of 500 metres to depths of up to 100 metres below surface, while interpretation of the existing historic drill data suggested well developed continuity in multiple gold bearing zones.
WCB Resources chief executive Cameron Switzer said drilling in that area had only been completed to a maximum depth of 140 metres.
“We know that, based on drilling to the north on Umuna, well developed intersections several hundred metres deeper are still open at depth,” he said.”
“The recognition of the Kulumalia extension by the team may well prove to be critical factor in unlocking the gold potential as not only is this extension defined over a significant distance, but it also brings the opportunity for near surface oxide mineralisation that can be accessed early in any future start up,” he said.
WCB also announced that surface rock chip sampling had outlined two new zones of highly anomalous gold silver mineralisation at Trig and Maika Creek, in areas never previously sampled.
“Our interpretation is that the footprint of Ewatinona will be expanded by further work including drill testing,” Mr Svitzer said.
WCB will continue to examine the surface extensions of gold and silver mineralisation in both the Umuna prospect and Quartz Mountain areas, it said.