OLD NEWS: Global Industrial Services, Inc. -GIS- Announces Acquisition of Gold Property Claims in Manitoba
Friday , February 18, 2005 06:30ET
VANCOUVER, British Columbia, Feb 18, 2005 (BUSINESS WIRE) --Global Industrial Services, Inc. (OTC:GBSV); (Frankfurt: GID or WKN 812 616), an aggregator of industrial minerals and mineral resources, is pleased to announce that at the Board meeting held in Vancouver on January 05,2005, the Directors approved the acquisition of an option to purchase the Sutherland Gold Mineral Claims in Manitoba.
The Claims are located in the Bissett area of Manitoba, roughly 160 kms northeast of Winnipeg and are situated immediately south of Rice Lake and the village of Bissett along the southeast corner of Little Rice (Red Rice) Lake. The claim group consists of three contiguous mining claims comprising a total area of 20 hectares. The property was drilled in the 1950's and 1970's with very significant results. A number of surface showings were trenched and sampled by several parties over the years, again with significant results. It appears that some of the historic drilling may have missed the intended targets due to a lack of understanding of target orientation. The property is one of merit with good potential for future discoveries.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties including, without limitation, continued acceptance of the company's products, competition, new products and technological changes, intellectual property rights and other risks.
SOURCE: Global Industrial Services Inc.
GIS
Investor Relations
investorrelation@gbsv.com
or
604-684-2004
www.gbsv.com
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