TSX Venture Exchange: DVV
Frankfurt Stock Exchange: DV1
VANCOUVER, June 25, 2012 /CNW/ - Driven Capital Corp. (TSXV: DVV) (FSE: DV1) ("Driven" or the "Company") is pleased to report that ground geophysical surveying has commenced at
its Blackwater East project in the Nechako Plateau region of central
Peter E. Walcott & Associates Limited commenced 27 line-kilometres of
ground magnetic and induced-polarization (IP) surveys on June 24 and is
expected to complete in approximately fifteen days.
The survey will mainly target a regional magnetic anomaly with
coincident soil geochemical anomalies identified during the 2011 field
season. The soil responses show elevated levels of zinc, silver, copper
and lead, as well as scattered high gold values in an area mainly
underlain by felsic and intermediate volcanic rocks and clastic
derivatives. Follow-up prospecting over the coincident anomalies has
revealed areas of moderate alteration with some included zones of
The results from the surveys, in conjunction with the 2011 soil
geochemical results, will dictate target selection and help prioritize
a proposed 2,000-metre drill program at Blackwater East as announced on
May 9, 2012. The BC Ministry of Energy & Mines has circulated Driven's
MYAB drill permit application to other resource agencies and First
Nations groups for a period of stakeholder review that concludes on
Driven's 100% optioned property adjoins the eastern and southeastern
boundaries of New Gold Inc.'s Blackwater Gold Project, which hosts
currently defined indicated resources of 5.5 million ounces of gold,
and additional inferred resources of 2.3 million ounces of gold. New
Gold plans to carry out over 200,000 metres of drilling at Blackwater
during 2012; please refer to New Gold Inc.'s news release dated March
7, 2012 for more details.
Lindsay Bottomer, P.Geo., a Director of the Company, is the Qualified
Person as defined in National Instrument 43-101 who has reviewed the
technical content of this news release.
Driven Capital Corp. is deploying its accomplished technical and management team toward the
exploration of its portfolio of highly prospective precious metals
projects in the Yukon and British Columbia.
On Behalf of the Board of Directors of Driven Capital Corp.
Lindsay Bottomer, Director
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information: All
statements, trend analysis and other information contained in this
press release relative to markets about anticipated future events or
results constitute forward-looking statements. Forward-looking
statements are often, but not always, identified by the use of words
such as "seek", "anticipate", "believe", "plan", "estimate", "expect"
and "intend" and statements that an event or result "may", "will",
"should", "could" or "might" occur or be achieved and other similar
expressions. Forward-looking statements are subject to business and
economic risks and uncertainties and other factors that could cause
actual results of operations to differ materially from those contained
in the forward-looking statements. Forward-looking statements are based
on estimates and opinions of management at the date the statements are
made. The Company does not undertake any obligation to update
forward-looking statements even if circumstances or management's
estimates or opinions should change. Investors should not place undue
reliance on forward-looking statements.
SOURCE Driven Capital Corp.
For further information:
please contact Toma Sojonky, President & CEO, at (604) 569-0799, or visit www.DrivenCapital.ca