Thursday, May 05, 2011 12:34:24 PM
Canwealth Minerals Corporation's Shadow Mountain property hits positive for Gold, Silver, Copper and Nickel, and Rare Earth Elements
Press Release Source: Canwealth Minerals Corporation On Wednesday May 4, 2011, 10:35 am EDT
NEW YORK and MONTREAL, May 4 /PRNewswire/ - Canwealth Minerals Corporation and partner ICBS Ltd., (OTCPK: ICBT), announced today that its Shadow Mountain property in South Western Quebec in a highly favourable VMS (Volcanogenic Massive Sulphide) type mineral deposit, representing over 7200 acres, has received positive results from AGAT Laboratories assay office for Gold, Silver, Copper ,Nickel and Rare Earth Elements.
Canwealth Minerals Corporation is a gold and precious metal mining company has registered claims with the Minister of Natural Resources in Quebec
While the preliminary samples are from the surface, this has confirmed that core drilling is indicated as the next step to deep exploration of the site.
The company is expected to start exploration drilling this coming spring. The main thrust of the exploration will be to focus on sites that have a strong indication of precious metal mineralization such as Gold, Silver and Platinum.
The company is expecting the new site to be accessed this coming spring with initial geological reports expected by the fall.
The company's current strategic direction is to seek out properties or claims known to have highly favourable mineralized targets which will lead rapidly to the advanced exploration and development stages.
ICBS will be providing management and project funding.
SOURCE: http://finance.yahoo.com/news/Canwealth-Minerals-prnews-3475190656.html?x=0&.v=1
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