Mr. Stephen Wilkinson reports
WPC RESOURCES PROVIDES CORPORATE UPDATE
WPC Resources Inc. has provided an update on corporate activities and operational plans for 2016. WPC is currently working on a definitive agreement with Mandalay Resources Corp. to acquire 100-per-cent ownership of Lupin Mines Inc. Lupin Mines owns the past-producing Lupin gold mine and the advanced-stage Ulu gold project.
Upon completion of the acquisition of Lupin Mines, the company will become a potential near-term gold producer. The Lupin gold mine consists of a permitted and bonded past-producing gold asset with existing and maintained mine, mill, and camp infrastructure. During 2016, WPC plans an initial 3,000-metre ($1.5-million budget) drill program at Lupin to identify near-term production targets, as well as a mill and mine refurbishment study, both intended to position the company to restart production at Lupin as expeditiously as possible.
We seek Safe Harbor.
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