Diversified Secure Ventures Announces Advance Stage Negotiations in Respect to Highly Prospective Gold Property in Mineral Count Posted on: Tue, 26 Oct 2010 11:09:16 EDT
Symbols: SRWY Oct 26, 2010 (EWORLDWIRE via Comtex) -- Diversified Secure Ventures Corp.(Pink Sheets: SRWY | PowerRating) (Diversified) (http://www.diversifiedsecureventures.com) announces that it is in advance stage negotiations with the claim holder of the Sundance Claims located in Mineral County, Nev. The claim block consists of 12 lode claims or 240 acres. The negotiations are in relation to a lease agreement with option to purchase. A geological report was obtained by Mr. Robert Hawkins, a consultant for Diversified, and forwarded to Mr. Edward Minnema, president of Diversified. After phone conversations with Hawkins and with the vendor, Mr. Minnema recently went to visit the property first-hand. As indicated in the geological report, the site consists of gold mineralization occurring along numerous structurally controlled brecciated quartz veins in granitic country rock. Although the system appears to be a classic epithermal deposit, it also has some characteristics of a deeper mesothermal system. There are at least four known primary veins on the property. The property also has numerous dump sites from workings which occurred in the late 1880s until about mid-1930. Early records show the veins ran at about 3.6 oz. per ton. An excerpt from the geological report, which states "Based on the existing surface mapping, there is approximately 1.7 million tons of ore grade tonnage down to the 9000 foot level for the four veins. Assuming that the veins can be mined down to at least the 9000 foot level, gold in place should be between 352,000 (at 0.207 ounces per ton) and 6,000,000 (using historical average of 3 ounces per ton) ounces of gold in the four veins." Mr. Minnema states, With gold holding above $1300 and with a major consensus of gold continuing its rise, I am very excited to have the opportunity to negotiate in respect to the Sundance claims on behalf of Diversified and its shareholders. Working with the vendor has been enjoyable and, as we hopefully reach a Definitive agreement in the near future, I am confident a working relationship to reach our common goals will be attainable." Safe Harbour Statement This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan," or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." Readers are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements. HTML: http://www.eworldwire.com/pressreleases/211903 PDF: http://www.eworldwire.com/pdf/211903.pdf ONLINE NEWSROOM: http://www.eworldwire.com/newsroom/315777 RSS NEWSROOM: http://newsroom.eworldwire.com/xml/newsrooms/315777.xml Source: DIVERSIFIED SECURE VENTURES CORP. Edward Minnema
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.