Dec. 6, 2010 (TheNewswire.ca) --
Vancouver, B.C., December 6, 2010 - WPC Resources (TSXV:WPQ) Inc. (the "Company") is pleased to report gold results from the seven hole diamond drill program conducted on its Quest Lake project located 85 kilometers east of Yellowknife, Northwest Territories. All holes successfully intersected the targeted "A" vein as well as intersecting associated splay veins. The final two holes of the program were drilled to test the northern end of the vein which is thought to thicken as it enters into a nose of a fold occurring under Quest Lake. Significant gold values were returned from all holes, the highest values include 6.51 grams per tonne (g/t) gold over 0.33 meters, 6.33 g/t gold over 0.21 meters, 9.18 g/t gold over 0.32, 8.72 g/t gold over 0.63 meters and 16.00 g/t gold over 0.32 meters. A summary of the significant drill intercepts is tabled below:
--------------------------------------------------------------------- |Hole |From (meters)|To (meters)|Length |Au |Au g/t | | | | |(meters)|grams/tonne|metallics| |-------------------------------------------------------------------| |QL-2010-01|48.47 |48.77 |0.30 |0.97 | | |-------------------------------------------------------------------| | | | | | | | |-------------------------------------------------------------------| |QL-2010-02|51.82 |54.05 |2.23 |0.81 | | |-------------------------------------------------------------------| |Includes |52.87 |53.05 |0.28 |6.51 | | |-------------------------------------------------------------------| | | | | | | | |-------------------------------------------------------------------| |QL-2010-03|44.12 |44.45 |0.33 |2.30 | | |-------------------------------------------------------------------| | | | | | | | |-------------------------------------------------------------------| |QL-2010-04|52.68 |54.89 |2.21 |1.38 | | |-------------------------------------------------------------------| |Includes |52.68 |52.89 |0.21 |6.33 | | |-------------------------------------------------------------------| | | | | | | | |-------------------------------------------------------------------| |QL-2010-05|46.30 |48.38 |2.08 |1.44 |1.72 | |-------------------------------------------------------------------| |Includes |47.05 |47.37 |0.32 |9.18 |10.99 | |-------------------------------------------------------------------| | | | | | | | |-------------------------------------------------------------------| |QL-2010-06|40.00 |46.27 |6.27 |1.07 |1.03 | |-------------------------------------------------------------------| |Includes |42.04 |44.27 |2.23 |2.74 |2.63 | |-------------------------------------------------------------------| |which |42.04 |42.67 |0.63 |8.72 |8.32 | |includes | | | | | | |-------------------------------------------------------------------| | | | | | | | |-------------------------------------------------------------------| |QL-2010-07|54.65 |56.97 |2.32 |2.29 |2.30 | |-------------------------------------------------------------------| |Includes |55.65 |56.97 |1.32 |3.97 |3.98 | |-------------------------------------------------------------------| |which |55.65 |55.97 |0.32 |16.00 |16.05 | |includes | | | | | | |-------------------------------------------------------------------| | |72.77 |73.07 |0.30 |3.29 |2.94 | ---------------------------------------------------------------------
* Note: all reported lengths are intercept lengths and are not true widths
The drilling to date has confirmed mineralization over a strike length of 100 meters and depths of up to 40 meters although over narrow intercepts. The Company intends to review its exploration objectives for Quest Lake over the winter months and plans for a further exploration program next year.
The Company's President, Mr. Alan Fabbro, comments: "We are extremely pleased that every hole of this year's exploration program intersected gold mineralization. The A-vein system is definitely a good host for mineralization and WPC's objective is to try and discover wider zones of gold mineralization with higher and more consistent grades. The final holes drilled under Quest Lake intersected much wider quartz veining with sulphide mineralization and consistent gold values. Further work will be directed towards tracing the thicker vein intercepts in an effort to locate high-grade ore shoots. There are multiple gold-bearing quartz vein systems delineated by previous operators, including historic work predating World War II, but this year's program only tested the A-vein system. Next year's program will be designed to follow up this year's work on the A-vein system and to test the other vein sets on the property."
Warren Robb (P.Geo.), a qualified person for the purposes of NI 43-101, has reviewed all of the technical information relating to the property mentioned in this press release.
About WPC Resources Inc.
WPC Resources Inc. is a Vancouver, British Columbia based gold exploration and development Company.
For additional information, please contact:
Allan Fabbro, President
Telephone: (604) 351-8850
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