NEW YORK AND MONTREAL, May 16 /CNW Telbec/ - Canwealth Minerals
Corporation and partner ICBS Ltd., (OTCPK: ICBT), announced today assay
results of its Winsome Lake project which is located in the Township
of Antoine-Labelle Quebec. The Winsome Lake claim is 100% owned by
Canwealth Minerals Corporation. It is comprised of 18 claim cells
totalling 2620 acres. The 18 claim cells are located well with in a
VMS (Volcanogenic massive sulphide ) zone of the Grenville orogeny.
This geological formation is considered a favourable site for
exploration for PGE, ( platinum group elements ), Palladium, Uranium
and REE (rare earth elements ).
" Winsome Lake assay grab samples sent to AGAT Laboratories came back
positive which indicated a provision of new geological and geochemical
understanding of mineralization on the property especially in the area
of base metals, REE with indicators of platinum, palladium and uranium"
, said President Kelly Taylor after reviewing the assay report from
AGAT Laboratories. 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.
Canwealth Minerals Corporation is a gold and precious metal mining
company has registered claims with the Minister of Natural Resources in
The company is expected to start exploration drilling this year. 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
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.
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