TSX VENTURE SEM
VANCOUVER, June 13 /CNW/ - (TSX.V: SEM) - Rolly Trenaman, President,
advises that the Company's Annual General Meeting was held on June 12, 2007 at
which time Rolly Trenanam, David Gunning and Donald Barker were re-elected to
the Company's Board of Directors. Robert Gifford did not stand for re-election
at the AGM and, the Company wishes to thank him for his contribution during
the past year. He will continue to serve however on the newly formed Advisory
Group. In other related matters, amendments to the 2005 Incentive Stock Option
Plan as laid out in the Information Circular were also approved.
On the property front, drilling continues at the Moyie Project
approximately 20 kms south of Cranbrook, BC where 4,000 metres of drilling are
planned as part of the first phase of 2007 exploration. Six high-property
zinc/silver/lead targets were identified in 2006 work and two of these -
Monroe Lake Vent and Society Girl - were drilled with results reported in our
news release dated April 23, 2007. This year's drilling, which commenced at
the end of April and which will last until the first week of July, is designed
to test the four additional targets; drilled samples have just been sent for
assay and we expect results shortly.
The Moyie Project is located in an historic metal mining basin, which
stretches from Idaho's Coeur d'Alene silver/lead camp to BC's 250 million ton
Sullivan zinc/silver/lead mine. Ore has been continuously produced from this
area for over 120 years. From 1900-1911, the St. Eugene Mines produced
1.4 million tons of ore grading 5% zinc, 15% lead and 7 opt silver from three
main ore shoots - Lakeshore, Moyie and St. Eugene. At today's prices, the
value of the St. Eugene ore is more valuable than that of the Sullivan, the
latter of which at today's prices would be valued at US $50 billion.
On behalf of the Board,
President & CEO
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Rolly Trenaman: email@example.com; Kirsti Mattson:
firstname.lastname@example.org, media: (604) 202-2484