World Ventures Inc. WVNTF, today announces that
it has acquired over 57,000 acres (23,700 hectares) of mineral lands
in the vicinity of Fort a la Corne, Saskatchewan, Canada. This large
tract is being prospected for gold and diamonds and was acquired based
on the results of a preliminary exploration program of the area that
the company carried out in 1995 and 1996.
"We are very pleased with the recent resurgence in the price of
gold and the exciting news from nearby diamond operations such as that
reported by the syndicate of Shore Gold, Debeers and Cameco who are
exploring for diamonds in a kimberlite zone. We can now explore the
full potential of our holdings," commented Ray Carson, President of
World Ventures.
The strong gold market and advances in diamond evaluation from the
Fort a la Corne area by Shore Gold Inc., De Beers, and others have
prompted World Ventures to follow up its extensive proprietary
airborne magnetic survey flown in 1995 and its drilling results from
1996. The Company's program consisted of an airborne and ground follow
up magnetometer surveys and two drill holes. The airborne geophysical
survey covered an area of approximately twenty miles by sixty miles.
Several "bulls eye" magnetometer targets on the World Ventures
holdings are untested and these drilling targets may be kimberlite
pipes which are known to host diamond deposits in the region. The two
World Ventures drill holes are located 20 miles apart and have
identified well mineralized sulfide iron formations that contain some
interesting gold values. These properties were acquired as part of
World Ventures' overall commitment to gold exploration. The gold and
diamonds mentioned above are conceptual exploration targets from
previous work and activities in the region. Only preliminary
exploration has been conducted on these properties and there can be no
assurance that additional exploration will result in the discovery of
mineral deposits, but because of the successes by major mining
operations in the area and preliminary work done, management at World
Ventures is very encouraged.
About World Ventures Inc.
World Ventures Inc. is an early-stage mining company that focuses
on the exploration and production of precious metals. The objective of
management is to grow World Ventures into a significant gold and
precious metals producer by further developing its Nevada and Ontario
gold properties, and by acquiring other advanced-stage projects.
KEYWORD: NORTH AMERICA NEVADA UNITED STATES CANADA
INDUSTRY KEYWORD: NATURAL RESOURCES MINING/MINERALS
SOURCE: World Ventures Inc.
CONTACT INFORMATION:
World Ventures Inc.
John Curry, 250-714-9886
John@WorldVenturesInc.com
www.WorldVenturesInc.com
or
Haynes Capital Corp
Brent O'Connor, 416-850-2176
Brent@haynescapital.com
www.haynescapital.com
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