Canwealth Minerals Corporation's Winsome Lake assay report details of Platinum, Palladium ,Uranium and Rare Earth elements.

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  Published in House and Home on Monday, May 16th 2011 at 20:20 GMT by Market Wire
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Canwealth Minerals Corporation's Winsome Lake assay report details of Platinum, Palladium ,Uranium and Rare Earth elements.

NEW YORK AND MONTREAL, May 16 /PRNewswire/ - Canwealth Minerals Corporation and partner ICBS Ltd., (OTCPK: ICBT), announced today assay results of its Winsome Lake project  which is located in the Township of Antoine-Labelle Quebec. The Winsome Lake claim is 100% owned by Canwealth Minerals Corporation. It is comprised of 18 claim cells totalling  2620 acres. The 18 claim cells are located well with in a VMS (Volcanogenic massive sulphide ) zone of the Grenville orogeny. This geological formation is considered a favourable site for exploration for PGE, ( platinum group elements ), Palladium, Uranium  and REE (rare earth elements ).

" Winsome Lake assay grab samples sent to AGAT Laboratories came back positive which indicated a provision of new geological and geochemical understanding of mineralization on the property especially in the area of base metals, REE with indicators of platinum, palladium and uranium" , said President Kelly Taylor after reviewing the assay report from AGAT Laboratories. 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.

Canwealth Minerals Corporation is a gold and precious metal mining company has registered claims with the Minister of Natural Resources in Quebec.

The company is expected to start exploration drilling this year. 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'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