Shares outstanding: 39,230,228
PASS LAKE, ON, May 4 /CNW/ - James R. B. Parres, President & CEO of
Jiminex Inc. is pleased to report that visible gold has been
encountered in diamond drill Hole No. 3 at the Misehkow River property
located in the Pickle Lake gold area of Ontario. Core samples are
being delivered to the Activation Laboratories Ltd. (Actlabs) branch in
Thunder Bay, Ontario today for rush gold assaying. Mr. Parres comments
"Having visible gold in our Pickle Lake drill core has the JIM team
very excited as this is the first time that visible gold has ever been
noticed on the Misehkow River property. We are asking Actlabs to rush
the gold analysis on the samples where the visible gold was noted. The
results with more details on geology and sample widths will be
published as soon as possible".
The visible gold has been noted in at least 8 smoky-grey quartz veins
spread across a quartz vein stockwork having a width of 15-20 metres.
The stockwork occurs at a depth of approximately 278 metres in Hole 3.
Four holes have been completed on the Misehkow River property and Hole
No. 5 is currently being drilled. The gold mineralization appears to
reflect a typical gold mineralization style occurring in the Pickle
Lake-Musselwhite gold region. Once hole 5 is completed, the drill will
be moved back to the Hole 3 location to aggressively drill additional
holes probing the visible gold mineralized zone.
Shareholders please note that the Jiminex Inc. Annual and Special
Meeting of Shareholders will be held at 130 King Street West, Suite
1800, Toronto, Ontario M5X1E3, at the hour of 4:00 p.m. on Thursday,
May 12, 2011. As indicated in the Circular, Mr. Edward Ierfino will be
resigning from the Jiminex Inc. Board of Directors to pursue new
business ventures. The Jiminex Inc. management would like to thank Mr.
Ierfino for his service on the board and to the company, and wish him
well on his new endeavours.
Jiminex Inc. was listed as a resource company on the TSX venture
exchange in 2009 and is focused on gold exploration in Canada. The
Company acquired three high potential gold properties located in three
well-known gold camps. The 100%-owned Misehkow River property is sited
in the Pickle Lake gold mining region of Ontario near to the Pickle
Crow Project of PC Gold Inc. and in the same general region as the
Musselwhite Mine currently being mined by Goldcorp Inc. Misehkow River
presents an opportunity to possibly locate more than one gold deposit
within a large target area. The Northern Eagle property is located in
the Hemlo gold mining camp, Ontario close to the 22 million ounce Hemlo
deposit being mined by Barrick Gold Corp. The property is considered
one of the best target areas in which to locate another Hemlo-style
gold deposit and Jiminex has earned a 50% interest from Beaufield
Resources Inc. The 100% owned Parres and Parres Two properties are
located in the Snow Lake copper-zinc and gold mining camp of Manitoba
where the major Lalor Lake copper-zinc and gold deposit discovery of
HudBay Minerals Inc. is actively being explored and developed.
Allan J. Willy, P. Eng., VP Exploration & Director of Jiminex Inc. is
the qualified person responsible for the geotechnical content of the
Company's public information.
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This press release may contain forward-looking statements that are
subject to known and unknown risks and uncertainties that could cause
actual results to vary materially from targeted results. Such risks and
uncertainties include those described in the Company's periodic reports
including the annual report or in the filings made by the Company from
time to time with securities regulations. The Company undertakes no
obligation to publicly release the result of any revision of these
forward-looking statements to reflect events or circumstances after the
date they are made or to reflect the occurrence of unanticipated event.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE Jiminex Inc.
For further information:
Michael D'Amico, Investor Relations
Bay Street Connect