NEW YORK AND MONTREAL, May 19 /CNW Telbec/ - Canwealth Minerals
Corporation and partner ICBS Ltd., (OTCPK: ICBT), announced today that it has filed mineral claims on 64 new claim
units in the Abitibi Temiscamingue region of Northern Quebec,
representing over 8951 acres brings the companies holdings to 26680
acres representing 159 Claims in total for Canwealth Minerals.
The new site, named Lakeview Gold Project has shown surface samples with
visual indications of Gold, Silver and copper. The company will be
collecting samples for assay within the next few weeks.
Canwealth Minerals Corporation is a gold and precious metal mining
company has registered these claims with the Quebec government. The
company is expected to start exploratory drilling this coming spring.
The main thrust of the exploration will to be focused on sites that
have a strong indication of precious minerals, such as Gold, Silver
and Copper .
The company is expecting the new sites to be accessed this coming
summer with initial geological reports expected by the late fall.
The company's current strategic direction is, to seek out
properties/claims known to have high value mineral targets which will
lead rapidly to the advanced exploration and development stages.
Legal Notice Regarding Forward-Looking Statements:
Safe Harbour: This press release contains forward-looking information
within the meaning of section 27A of the Securities Act of 1933 and
section 21E of the Securities Exchange Act of 1934 and is subject to
the Safe Harbour created by those sections. This material contains
statements about expected future events and/or financial results that
are forward-looking in nature and subject to risks and uncertainties.
Such forward-looking statements by definition involve risks,
uncertainties and other factors, which may cause the actual results,
performance or achievements of ICBS Limited, to be materially different
from the statements made herein.
SOURCE Canwealth Minerals Corporation
For further information:
SOURCE: Canwealth Minerals Corporation, ICBS Limited.
CONTACT: Kelly Taylor, President & CEO