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WPC Resources Inc. Receives Two NI 43-101 Reports on Nevada Properties
Apr. 27, 2011 (TheNewswire.ca) -- Vancouver, B.C., April 27, 2011 - WPC Resources Inc. (TSXV...
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[{"type":"text","content":"\nWPC Resources Inc. Receives Two NI 43-101 Reports on Nevada Properties\n\n Apr. 27, 2011 (TheNewswire.ca) -- Vancouver, B.C., April 27, 2011 - WPC Resources Inc. (TSXV:WPQ) (\"WPC\" or \"the Company\") is pleased to announce that it has received two NI 43-101 compliant reports, prepared by Barry J. Price, M.Sc. P.Geo., recommending an extensive work program on both of the Company's \" Toiyabe Pediment\" and \"ZPG \"properties. The properties are located in central Nevada within the Battle Mountain-Eureka Trend near the Cortez District and were recently optioned from Genesis Gold Corporation and Industrial Imaging of Salt lake City, Utah. WPC will earn a 100% interest (subject to a 3% Net Smelter Royalty), in both properties by successfully completing, to its satisfaction, the recommended exploration programs. Budgets have been agreed to by all parties and work is expected to start immediately.Toiyabe Pediment PropertyThe Toiyabe Pediment Property is located in east-central Lander County 32 kilometres south of the Pipeline Gold deposit of Barrick Gold Corp. (TSX:ABX) (NYSE:ABX) It is 19 kilometres southwest of the Cortez Hill gold deposit also owned by Barrick, and 11 kilometres south of the past producing Toiyabe mine. The target is a Carlin-style sediment hosted gold deposit where the gold may also occur in shears, fractures and breccias. The recommended program includes geophysical surveys, (deep penetrating IP and/or CSAMT), an MMI (geochemical) survey and one stratigraphic drill hole (400 metres) to determine which sedimentary formation is present beneath the pediment cover at an estimated cost $300,000. A second program of 3,000-5,000 metres of core drilling, at an estimated cost of $1.2 million, will be initiated after the results have been analyzed.ZPG PropertyThe ZPG Copper/Gold Property is located in Lander County approximately eight kilometres south of Newmont Mining Corporation's Phoenix Mine which has significant gold and copper production. The ZPG property is viewed to be prospective for both porphyry style copper-gold and skarn mineralization. Exploration work by various companies in the trend, include geophysical surveys (gravity, magnetic and IP) and some diamond drilling. The magnetic surveys have outlined five circular magnetic features. The two northernmost features are associated with gold-copper mineraliza...