WPC Resources Files Amended Technical Disclosure for Ulu Gold Property
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/14/15 -- WPC Resources Inc. (the "Company" or "WPC") (TSX VENTURE: WPQ) announces that, following a review by the British Columbia Securities Commission ("BCSC"), the Company has filed an amended technical report, titled "Technical Report on the Ulu Gold Property, Nunavut, Canada" and dated July 10, 2015 (the "Amended Technical Report"), for the Ulu Gold Property ("Ulu"). In the Amended Technical Report there has been no change to the resource estimate originally reported in a news release dated April 14, 2015 and contained in the associated technical report dated May 26, 2015.
The current Ulu mineral resource was estimated by independent consultants using a 4 gram per tonne ("g/t") of gold cut-off value as follows:
Notes to the Resource Estimate
The Amended Technical Report contains several additions from the May 26, 2015 technical report including:
Gary Giroux, P.Eng. of Giroux Consulting Inc., Bob Singh, P.Geo. of North Face Software Ltd. and Paul Cowley, P.Geo. of Buena Tierra Developments Ltd., are Qualified Persons as defined in NI 43-101 and were responsible for the preparation of the Amended Technical Report. Paul Cowley, P.Geo. and Gary Giroux, P.Eng. have reviewed and approved the technical content in this news release.
About WPC Resources Inc.
WPC is a Vancouver, British Columbia-based gold exploration company focused on mineral exploration and development. The Company has entered into a letter of intent to acquire a 100% interests in the historic past producing Lupin Gold Mine plus the advanced Ulu Gold Project and adjacent prospects from Mandalay Resources Corporation. In addition the Company has entered into agreements to acquire Inukshuk Exploration Inc., the owner of a 100% interest in the 8,000 ha Hood River property located contiguous to the Ulu Gold Project. The Company is listed on the TSX-V with the trading symbol: "WPQ".
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INFORMATION
This news release contains certain "forward-looking information" within the meaning of Canadian securities laws.
Actual results may differ materially from those indicated by such forward-looking information. All information included herein, other than statements of historical fact, including the expected completion of the Offering and the timing thereof, and the expected use of proceeds are forward-looking statements and involves various risks and uncertainties. There can be no assurance that the forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX-Venture Exchange) accepts responsibility for the adequacy or accuracy of this Release.
Contacts:
WPC Resources Inc.
Stephen Wilkinson
President
778-379-1433
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Datum: 14.07.2015 - 16:40 Uhr
Sprache: Deutsch
News-ID 1372249
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