TORONTO, Oct. 31 /CNW/ - Coronation Minerals Inc. (TSX.V:CMV) (the
"Company") announces that due to current market conditions the Company is not
proceeding with the acquisition of the Wellgreen Project from Northern
The Company is maintaining the 100% owned Rory Claim consisting of 265
staked claims located contiguous and south of the Wellgreen leased ground.
This group encompassed an airborne magnetic survey and discovered an
electromagnetic anomaly measuring approximately 3.5 km x 2.5 km zone. Ground
truth geological investigation showed the zone is mineralized with initial
prospecting samples running as high as 3.96% Cu and elevated Ni values ranging
from 65 - 193 ppm. Gossan/Skarn, and floats of massive sulfides were reported
by the Company's geological team.
About Coronation Minerals Inc.
Coronation Minerals Inc. is a Canadian based resource company whose focus
is to explore for and develop mineral deposits throughout the Coronation Gulf
Region, Nunavut Territory, and Yukon Territory, Canada.
Information is available on Coronation's website at
www.coronationminerals.com and on www.sedar.com, and through Coronation's
offices by contacting:
John Patrick Sheridan, President
141 Adelaide Street West, Suite 1205
Toronto, ON M5H 3L5
Tel: (416) 628-5936
Fax: (416) 628-5935
For further information:
For further information: John Patrick Sheridan, President, 141 Adelaide
Street West, Suite 1205, Toronto, ON, M5H 3L5, Tel: (416) 628-5936, Fax: (416)
628-5935, E-mail: email@example.com