NEW YORK, MONTREAL, June 14, 2011 /CNW Telbec/ - Canwealth Minerals
Corporation and partner ICBS Ltd., (OTCPK: ICBT), announced that its total claims reached 208 on a total acreage of
The company is now in the process of developing phase 3 for the deep
exploration of holdings such as Shadow Mountain and other strategic
locations in Northern Quebec. Core drilling is expected to commence in
late summer with assay and geology reports expected in early fall.
Following those reports, the company will outline the claim locations
for further development.
The company's current strategic direction is, to seek out
properties/claims known to have high mineral value eg; Gold, Silver,
Copper, Nickel and REE, (rare earth elements) which will lead rapidly
to the advanced exploration and development stages.
ICBS is providing management and project funding.
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