Canwealth Minerals Corporation announces completion of sample program for Highland Gold and Highland Gold 2 property completed
NEW YORK and MONTREAL, June 27, 2012 /PRNewswire/ – Canwealth Minerals
Corporation and partner ICBS Ltd., (OTCPK: ICBT), is pleased to
announce results assay sample program for spring 2012, on its Highland
Gold, and Highland Gold 2 properties completed. A complete geophysics
and geochemistry tests have been completed samples sent for assay to
determine the length and width of the mineralized zone. The assay
sample program was based on a 100m grid. Drilling will follow
immediately after the assay results are received from AGAT
Laboratories. The assays will be performed using a standard fire assay
with a 30-gram aliquot.
The Highland Gold property and Highland Gold 2, falls in the highly
favourable orogenic mineralized zone report based on a February 2006
assessment by the Ministry of Natural Resources for Quebec. Over the
past 2 years the government has documented every mineralized orogenic
zone also known as epithermal or mesodermal veins. Veins of this type,
range in thickness from a few centimetres to four meters and they can
be several hundred meters long and extend to depths in excess of 5km.
Mineralization commonly occurs in shoots within the vein structures.
Based on historical production gold grades have been in the range of
The Highland Gold, and Highland Gold 2 properties are located in the
Townships of Poirier and Dalet approx. 78 km north of Amos Quebec in
the prolific Abitibi Greenstone Belt. The claim is 100% owned by
Canwealth Minerals Corporation. It is comprised of 40 claim cells
totalling 5555 acres. The claim area includes a mountain range 4.8km by
2.1km with an elevation of 448 m of unexplored area. The 40 claim cells
are located well within the Abitibi Green Stone belt zone of the
Grenville province. This orogenic geological structure is considered a
highly favourable site for the exploration of gold and copper.
The continuity of this mineralized zone has been well established based
on historical production we are confident that we will achieve the same
results as we delineate this mineral deposit. It will provide us with
greater knowledge and understanding to unlock the potential value of
The company’s current strategic direction is to seek out properties
known to have high mineral values for Gold, Silver, Copper, PGE and
REE, (rare earth elements), which will lead rapidly to the advanced
exploration and development stages.
ICBS is 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