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Published in House and Home on Wednesday, May 4th 2011 at 21:00 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
Canwealth Minerals Corporation's Shadow Mountain property hits positive for Gold, Silver, Copper and Nickel, and Rare Earth Elements
Canwealth Minerals Corporation's Shadow Mountain property hits positive for Gold, Silver, Copper and Nickel, and Rare Earth Elements
NEW YORK and MONTREAL, May 4 /PRNewswire/ - Canwealth Minerals Corporation and partner ICBS Ltd., (OTCPK: ICBT), announced today that its Shadow Mountain property in South Western Quebec in a highly favourable VMS (Volcanogenic Massive Sulphide) type mineral deposit, representing over 7200 acres, has received positive results from AGAT Laboratories assay office for Gold, Silver, Copper ,Nickel and Rare Earth Elements.
Canwealth Minerals Corporation is a gold and precious metal mining company has registered claims with the Minister of Natural Resources in Quebec
While the preliminary samples are from the surface, this has confirmed that core drilling is indicated as the next step to deep exploration of the site.
The company is expected to start exploration drilling this coming spring. The main thrust of the exploration will be to focus on sites that have a strong indication of precious metal mineralization such as Gold, Silver and Platinum.
The company is expecting the new site to be accessed this coming spring with initial geological reports expected by the fall.
The company's current strategic direction is to seek out properties or claims known to have highly favourable mineralized targets which will lead rapidly to the advanced exploration and development stages.
ICBS will be providing management and project funding.
Legal Notice Regarding Forward-Looking Statements: Safe Harbour: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbour created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of ICBS Limited, to be materially different from the statements made herein.
SOURCE Canwealth Minerals Corporation
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