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IOCGU

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AcronymDefinition
IOCGUIron Oxide, Copper, Gold and Uranium (Australia)


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Sydney, Australia, Apr 20, 2007 - (JCN Newswire) - WCP Resources Ltd (ASX: WCP) -Funding secured for the Lake Torrens IOCGU Joint Venture, adjacent to the World Class Olympic Dam Project.
The company considers the region to be prospective for IOCGU (Iron Oxide Copper Gold +/- Uranium) styles of mineralization, due to the presence of potentially hydrothermal iron in the area, as well as the association of hematite and structurally controlled copper-gold-uranium mineralisation.
In the first half of 2006, drill testing is scheduled for two IOCGU targets in the Gawler Craton and for three Sediment-Hosted uranium prospects in Tertiary palaeochannels.
 
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