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//house-home.news-articles.net/content/2011/06/2 .. r-drilling-equipment-from-minex-corporation.html
Published in House and Home on Tuesday, June 21st 2011 at 21:20 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
Canwealth Minerals Corporation places order for Drilling equipment from Minex Corporation.
Canwealth Minerals Corporation places order for Drilling equipment from Minex Corporation.
NEW YORK AND MONTREAL, June 21, 2011 /PRNewswire/ - Canwealth Minerals Corporation and partner ICBS Ltd., (OTCPK: ICBT), Are pleased to announce the order of a Diamond Drill for the deep exploration and core sampling of their claims from Minex Corporation.
The company is expected to commence phase 1 drilling campaign that will consist of a 60 hole program for a total of 5500 meters in selected areas based on geophysical review to determine the best locations. Also Management is pleased to announce the completion of additional rolling stock and support equipment for greater access to the projects.
Canwealth Minerals Corporation is a gold, silver and base metals exploration company and has 208 claim cells located on a total of 30,838 acres under management with the Ministre Resources Naturalle et de la Faune . The company is expected to start exploration drilling of all its projects this summer. The main thrust of the exploration will be focused on locations based on grab sample assay results that have a strong indication of precious and base metals such as Gold, Silver, Copper and REE ( Rare Earth Elements ).
The company holds claims in Cameron Lake, Golden Bear, Lakeview, Shadow Mountain, Shining Star, and Winsome Lake.
The company's current strategic direction is, to seek out properties/claims known to have high value mineral 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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