THRA news:
THERMA MED INC
Symbol U : THRA
Recent Sedar Documents
Therma-Med, Inc. Announces Exploration Plans for the Upcoming Mining Season
2011-12-01 09:45 ET - News Release
TORONTO -- (MARKET WIRE) -- 12/01/11
Therma-Med, Inc. (PINKSHEETS: THRA) is pleased to announce its exploration plans for the Hindon Copper property located in Ontario, Canada. The Hindon property appears to contain two significant areas of copper mineralization (the East and West Zones). The original sampling performed during the 1950s averaged 2.8% copper with some samples going above the 4% copper from the West Zone while samples from the East Zone averaged 1.6% copper.
The Company aims to utilize a cost effective surveying system that implements the latest geophysical technologies which has a proven track record of properly collected highly detailed data sets. This will outline very fine surface structures and provide the capability to generate clean and concise maps that we will use for further exploration. A High Resolution Aeromagnetic survey is a fully integrated exploration method that fits within the Company's exploration budget and gives us a competitive edge in identifying drillable prospects. This surveying system applies technology that is sensitive enough to detect conductivity variation to a depth of 100 meters. Based on survey results, the Company intends to send exploration teams to go over the perspective anomalies and execute a line-cutting and a ground electromagnetic (EM) surveying programs. CEO Zajay Trujillo stated, "I'm extremely pleased that we've decided to go with the exploration approach that is not greatly affected by the seasonal weather conditions. This approach will enable us to collect a significant amount of valuable information on the property. The work contract surveying proposals are currently being reviewed by us. Once a contract has been finalized, we expect to start surveying our property immediately. We will continue to release regular updates on our progress as we continue to push forward."
Please check the Company's website for further updates.
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