TSXV - EPM
BEDFORD, NS, Feb. 1 /CNW/ - Empire Capital Corp (TSXV-EPM) (the
"Corporation" or "Empire") is pleased to announce the commencement of a
geophysical program on its Wings Point Gold Project in Newfoundland and
During late January, a 12.7 kilometre grid was cut for the geophysical
survey, which is now in progress. The geophysical program will consist
of IP and magnetic surveys to identify the geophysical signature of the
known mineralization and determine its potential limits beyond what has
been identified to date.
Grab sampling during December 2010 identified two linear and parallel
zones of gold mineralization, the Western and Eastern zones, and traced
them along surface for 380 and 680 metres, respectively. Both zones are
open along strike. The mineralization is exposed at the bottom of an
operating gravel pit, however, beyond the pit limits the area is
vegetated and potential extensions of the mineralization are covered.
The geophysical program was centred on the Western Zone, the stronger
of the two, and extended along strike for 1.6 kilometres to trace the
zones beyond the pit boundaries. The geophysical survey will also
encompass known structural features to determine if they are potential
targets for mineralization. More information on the Wings Point Gold
Project can be viewed on the Corporation's webpage at http://www.empirecapitalcorp.ca/projects/wings-point/
The program is being carried out by RDF Consulting Ltd, of St. John's,
NL. Once completed, RDF Consulting will process and interpret the data,
and then provide the Corporation with a final report. Empire will
announce the findings of the survey upon receipt of the final report.
Terry Christopher, President and CEO stated "Exploration is progressing
at Wings Point Gold Project in a steady and systematic manner. The
project lends itself to rapid advancement given mineralization is well
exposed at the bottom of an operating gravel pit. Should the
geophysical program pick up distinctive signatures of the known
mineralization in the pit, we will be able to then trace the potential
extensions and identify similar looking targets as the project is
advanced to the drill stage."
Empire Capital Corp. is a junior explorer focused on gold. Our model is
to identify and develop targets that have the potential for
multi-million ounce deposits and to that end the Corporation has been
reviewing opportunities in Canada, Africa and South America.
This news release contains forward-looking statements which include
statements regarding the Corporation's future plans, as well as
statements regarding financial and business prospects and the
Corporation's future plans, objectives or economic performance and
financial outlooks. The Corporation believes that the expectations
reflected in this news release are reasonable but actual results may be
affected by a variety of variables and may be materially different from
the results or events predicted in the forward-looking statements.
Readers are therefore cautioned not to place undue reliance on these
There can be no assurance that the exploration program will identify any
priority targets. The actual results and future events could differ
materially from those anticipated in this news release. The time frames
identified to work programs and other activities may vary significantly
from actual completion of the proposed work programs.
In evaluating forward-looking statements readers should consider the
risk factors which could cause actual results or events to differ
materially from those indicated by such forward-looking statements.
These forward-looking statements are made as of the date hereof, and
unless otherwise required by applicable securities laws, the
Corporation does not intend nor does it undertake any obligation to
update or revise any forward-looking statements.
This news release has been reviewed and approved by Bill Reed, P.Geol,
and a "qualified person" under National Instrument 43-101.
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 of accuracy of this release.
SOURCE Empire Capital Corp.
For further information:
CEO and President
408 - 1550 Bedford Highway,
Tel: (902) 405-3520