NEW YORK and MONTREAL, May 25, 2011 /CNW Telbec/ - Canwealth Minerals
Corporation and partner ICBS Ltd., (OTCPK: ICBT), announced today that it has filed additional mineral claims on
their Shadow Mountain site.The Shadow Mountain claim is 100% owned by
Canwealth Minerals Corporation. It is comprised of 72 claim cells
totaling 10758 acres. The 72 claim cells are located well within a VMS
(Volcanogenic massive sulphide) zone of the Grenville orogeny. This
geological formation is considered a highly favorable site for
exploration for gold, silver, copper, nickel, PGE (platinum group
elements) and REE (rare earth elements).
The new claims are located adjacent to the existing claims and located
to the North , South and West of the current Shadow Mountain claim
block, led Canwealth Minerals to extend the claim cells to a total of
10758 acres, for a oval company holdings of 26,299 acres .
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 ,
Copper and Rare Earth minerals .
The company is expecting the new sites to be accessed this coming
spring with initial geological reports expected by the 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.
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