Ticker Symbol: THRA.PK Company Name: Therma Med-Inc Website: www.therma-medinc.com
THERMA is a Colorado based junior resource company focused on the acquisition, exploration and development of precious and base metal mineral properties across Canada. Its objective is to identify and develop exceptional prospects, and in doing so, provide its shareholders with the potential for high return. The Company is listed on the OTC Exchange, symbol THRA.
Target selection focuses on under-explored and/or undervalued projects offering exceptional potential returns for modest investment, as in limited-cost initial drilling programs. Where prospects have been inactive for some time, or have seen inadequate exploration for reasons ranging from depressed metal prices to adverse political conditions, the Company will utilize recent advances in data management and deposit modeling in the re-evaluation and further exploration of such prospects.
Therma management believes that the coming months will be rewarding as results from recent drilling programs on four prospects acquired under this strategy will provide the basis for expanded exploration activities in the 2011 field season.
Therma Corporation is focused on the acquisition, exploration and development of precious and base metal mineral properties across Canada. Target selection concentrates on under-explored and/or undervalued projects offering the potential for exceptional returns for a modest initial investment.
Over the course of the last five years we have seen a strong appreciation and attraction to precious metals and as such management determined that the Company should expand into exploration activities to include a range of North American mining opportunities.
ABOUT THE PROPERTY: The Slocan Area of Southern BC is famous for production of silver (it's called the "Silvery Slocan"). The Slocan Mining District has produced more than 24 million ounces of silver since the first discoveries in the late 1800s transformed this scenic wilderness into the silver-mining center of Western Canada. Exploration and mining have continued to the present and a neighbour to the company's property has a fully permitted and operating silver mine and mill.
The property is of interest as a high potential host to economic precious and base metal mineralization including gold, silver, lead and zinc. Historical work and present operations in the area have greatly enhanced the potential of this property. Past activities on the property and neighbouring area have included the production of gold, silver, zinc and lead. Reported production has been obtained from the Wellington - 3.6 million grams silver (117,450 oz.) and the Highland Surprise - 51,000 g gold deposits. Other smaller amounts have been reported from 10 other areas on the property.
Also within the vicinity of the property is the Whitewater Mine. This mine, located 1 kilometre south of the property, produced 260,542 tons of ore containing 1435 oz gold, 3,152,130 oz silver , 28,017,903 l b s lead and 36,260,370 lbs zinc during the period 1892 t o 1945. The property is located in the Slocan Area of BC just the north side of Highway 31A, approximately midway between New Denver and Kaslo but a small part extends to the south of Kaslo Creek.
Share Structure 6/30/2011
Authorized: 1,000,000,000
Outstanding: 597,843,636
Free: 96,870,433
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