VANCOUVER, Jan. 4 /CNW/ - Goldmember Minerals Inc. (TSX.V: "GMV") ("the
Company" or "Goldmember") is a drill-ready mineral exploration company focused
primarily on epithermal style gold and silver projects in central British
Columbia. The Company is well financed having recently completed its
qualifying transaction and concurrent financing of C$2,545,000.
Goldmember has amassed a sizeable land position upon which it has
completed an extensive amount of work to date. Recent exploration programs
conducted on the 100% owned Nechako and Alexis Properties have successfully;
1. identified several corresponding conductivity and related resistivity
geophysical anomalies located at depth which display the
characteristics of an epithermal style mineralized body;
2. confirmed a positive correlation with MMI geochemical sampling and 3D
Induced Polarization results within a favourable geological setting;
3. identified numerous priority targets within the claim boundaries that
coincide with regional geophysical trends with coincidental
geochemical anomalies suitable to host further epithermal gold-silver
and porphyry copper-gold style mineralization.
The Company is extremely optimistic about its future prospects and its
progress to date. Commencing immediately, Goldmember intends to aggressively
explore both properties by diamond drill testing numerous IP anomalies on all
the grids with 2,000-3,000 metres planned for the Nechako property and
1,000-2,000 metres for the Alexis property.
The existing grid areas will be expanded to close off the IP anomalies
and new geophysical grids will be established to cover additional priority
areas of anomalous geochemistry with coincident magnetic features. The vast
majority of the property is road accessible year round with excellent access
to power, water and nearby towns for related supplies and services.
- The Nechako property is located in north-central BC, west of Prince
George. The property consists of 177 mineral claims encompassing
approximately 82,000 hectares.
- The Nechako property is underlain by the Cheslatta Caldera Complex, a
circular feature approximately 60 kilometres in diameter comprised
mainly of Early Tertiary felsic and mafic volcanics.
- Evidence suggests the presence of separate smaller-scale volcanic
centres within the overall larger caldera complex potentially leading
to multiple areas of mineralization.
- The mineralized targets sought are epithermal-style gold-silver
deposits; the area includes a number of high priority mineral
showings both precious and base metals, and past producers Equity
Silver Mines to the north and Blackdome Mines to the south.
- In 2006/07 the Company undertook 3D-IP surveying on three grids
totaling 143.775 line-kilometres focused on areas of anomalous
geochemistry and favourable regional magnetic trends.
- The IP survey outlined large chargeability anomalies on all three
grids from near surface extending to 250-400 metres depth, the limit
of the survey; the anomalies remain open at depth.
- Many of the anomalies have coincident magnetic features and major
fault zones transecting the IP anomalies as interpreted from the
- The Alexis property is located in central BC, west of Williams Lake,
BC. The property consists of 308 mineral claims totaling
approximately 146,000 hectares.
- The Alexis property lies within the central part of the Mount Dent
Caldera, a mafic to felsic volcanic caldera complex.
- Epithermal style gold-silver mineralization is present at two
prospects west of the claims, the Baez and Clisbako, and at the Bob
showing to the northeast.
- The Company digitized available data and generated several targets
for follow-up exploration. Magnetic data shows large regional
features as well as smaller, localized magnetic highs surrounded by
"ring" patterns possibly indicating alteration zones typical of
epithermal or porphyry style mineralization; large regional fault
systems were also interpreted from the magnetic data.
- In 2006/07 the Company undertook 3D-IP surveying on the Quartz Lake
grid totaling 103.0 line-kilometres; the survey outlined a broad
chargeability zone with coincident resistivity 1 km wide by 2 km long
that is open to the south and east.
Wesley Raven, P. Geo., VP Exploration, is the qualified person and takes
responsibility for the technical disclosure in this news release.
ON BEHALF OF THE BOARD OF DIRECTORS
Alistair MacLennan, President
Statements about the Corporation's future expectations and all other
statements in this press release other than historical facts are "forward
looking statements". Such forward-looking statements are based on numerous
assumptions, and involve known and unknown risks, uncertainties and other
factors, including risks inherent in mineral exploration and development,
which may cause the actual results, performance, or achievements of the
Corporation to be materially different from any projected future results,
performance, or achievements expressed or implied by such forward-looking
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS
For further information:
For further information: Ian Klassen, Goldmember Minerals Inc., Vice
President, Director, Tel: (604) 290-5762, Email: email@example.com