NEW YORK AND MONTREAL, Sept. 17, 2012 /CNW Telbec/ - Canwealth Minerals
Corporation and partner ICBS Ltd., (OTCPK: ICBT),) is pleased to announce the second set of assay results for the
Highland Gold property received Sept 12, 2012. As expected the assay
results are consistent with previous results of Aug 22, 2012. Based on
these results a further expansion of the grab sample area has been
planned to the east and south of "on surface" grab samples # 006HG .005
Gold, #007HG .006 Gold and # 024HG .011Gold. This includes trace
amounts of palladium and platinum. The work will be performed within
the next 3 weeks with a standard geophysical and lithology study of the
out croppings in the surrounding area. The work will give us a better
understanding of the expanded area for its mineralization and to
determine the surface geometry for a more defined multi hole drill
target campaign as defined under National instrument 43-101.
As per the Minister of Natural Resources of Quebec assessment report of
February 2006. The Highland Gold property assay results support these
findings and indicates the claim sits on a highly favourable orogenic
As noted, over the past 2 years it has been documented that every
available mineralized orogenic gold zone of this type also known as
epithermal or mesothermal veins have been staked by other high profile
gold mining companies. Veins of this type can range in thickness from a
few centimetres to four meters. These vein structures can be several
hundred meters long and extend to depths in excess of 5km.
Mineralization commonly occurs in shoots within the vein structures.
Based on historical production gold grades have been in the range of
The Highland Gold property is located in the Townships of Poirier and
Dalet approx. 78 km north of Amos Quebec in the prolific Abitibi
Greenstone Belt. The claim is 100% owned by Canwealth Minerals
Corporation. It is comprised of 40 claim cells totalling 5555 acres.
The claim area includes a mountain range 4.8km by 2.1km with an
elevation of 448 m of unexplored area. The 40 claim cells are located
well within the Abitibi Green Stone belt zone of the Grenville
province. This orogenic geological structure is considered a highly
favourable site for the exploration of Gold, Platinum and Palladium.
The decision to stake the Highland Gold property's location is apparent
and is further supported by the close proximity of some of the biggest
names in the mining industry. Also our decision was based on the
continuity of this mineralized zone which has been well established
based on historical production. We are confident that with our latest
assay results we will achieve our goals to bring the Highland Gold
property into full production in the near future.
The company's current strategic direction is to seek out
properties/claims known to have high mineral values for Gold, Silver,
Copper, PGE and REE, (rare earth elements), which will lead rapidly to
the advanced exploration and development stages.
ICBS is 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