WPC Resources Inc. - Board Appointments, Exploration and Financing Update
20 September 2011 - 7:00AM
PR Newswire (Canada)
TSX-V: WPQ VANCOUVER, Sept. 19, 2011 /CNW/ - WPC Resources Inc.,
(the "Company") is pleased to provide the following corporate
updates on its Board Structure and Exploration Projects:
Board of Directors and Advisory Board Additions John Zimmerman John
Zimmerman has been appointed to the Board of Directors. Mr
Zimmerman graduated with M.Sc Geology from University of Arizona in
1983 and has over 30 years active exploration experience in Great
Basin, Carlin gold, and porphyry moly. He has previously worked
with Gold Fields, Newmont - Carlin Trend, Invenio, and Majestic and
has previously managed Western US precious metals exploration for
BHP. Don Merrick Don Merrick has been appointed to the Board of
Directors. Mr Merrick graduated with a B.Sc Geology from Idaho
State University in 1977 and has over 30 years active exploration
experience in the Great Basin. He has toured and studied all
the major gold mines of Nevada. And most recently,
discovered/recommended over a two million oz gold deposit during
his tenure as VP Exploration for Gateway Gold Corp. "This is an
important addition to our team. Both Mr. Zimmerman and Mr. Merrick
believe strongly in the direction we are taking on both ZPG and the
Toiyabe Pediment projects," said WPC Resources President and
Director, Al Fabbro. "This belief is supported by Barrick Gold's
recent announcement concerning their two new discoveries in the
very basin we are exploring. These projects represent bona
fide targets in a proven area." Dr. William Petrick Dr. Petrick has
been appointed as the first member of the Company's Advisory Board.
Dr. Petrick completed his Ph.D. from the University of Utah in
1984. He has over 30 years experience in the Great Basin, and
has done some preliminary 3D imaging on both Toiyabe and ZPG
Projects. Mr. Fabbro adds, "Bill Petrick is a consummate
professional and perfect for his role as Adviser. His 3D imaging
will assist us greatly in confirming the three drill hole targets
on ZPG and also the six holes planned for the Pediment property.
Dr. Petrick is a great addition to the team and adds tremendous
value to these projects." Exploration Update ZPG and Toyiabe
Projects Permits have been obtained for the program at ZPG. It will
encompass three holes drilled to a depth of approximately 1000
meters each. We have drill availability for the last week of
September and we are proceeding with that program first. The drill
will then move immediately to the Toiyabe property and a series of
six holes will be drilled there starting in early October. All of
our soil sampling and geo-physics point to specific drill targets.
Quest Lake Project Our drill program at Quest Lake, Northwest
Territories, under the direction of Wes Raven (P.Geo), has
commenced. A series of holes designed to further explore our
findings of last summer will be completed over the next two weeks.
Financing The Company is just finalizing its announced Private
Placement that will consist of issuing 10-15 million units at $.12
per unit to fund the Nevada project. It expects to announce
completion early next week. About WPC Resources Inc.: WPC Resources
Inc. is a Vancouver, British Columbia based gold exploration and
development Company. The contained recommendations and
technical information have been reviewed on behalf of the Company
by Mr. Warren Robb, P.Geo. 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, without limitation, information regarding future
production, is considered forward-looking information 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. The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy or
accuracy of this release. WPC Resources Inc. CONTACT: Allan Fabbro,
President & DirectorTelephone: 604-351-8850
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