TSX Venture Exchange: DVV
VANCOUVER, June 18, 2012 /CNW/ - Driven Capital Corp. (TSXV: DVV) ("Driven" or the "Company") is pleased to announce that diamond drilling has commenced on its 7,002 hectare White River project in the Tintina Gold Belt, Yukon.
Management has planned an exploratory drill program consisting of approximately 1,500 metres in ten holes, using a heli-portable rig producing NTW sized core. Top Rank Diamond Drilling Ltd. commenced drilling on June 16. Core samples produced from the program will be delivered to ALS Minerals' Whitehorse Minerals Lab for analysis.
The design of this initial campaign is to test the HG and Cool Zones, two mineralized areas that were outlined in the property's western portion by prior prospecting, mapping, geochemical rock and soil sampling, and hand trenching.
In the HG Zone, trench TR-HG11-02 yielded a channel sample of 82.2 g/t gold across 1.0 metre; and a grab and an auger sample from the core portion of the same exposure returning 214 g/t gold and 129 g/t gold, respectively.
The Cool Zone yielded up to 18.9 g/t gold and 391 g/t silver from surface rock samples; trenches TR-MB11-03 and TR-CZ11-01 returned samples of up to 4.24 g/t gold and 595 g/t silver, respectively.
Driven can earn a 60% interest in and to White River subject to a 2% net smelter return; upon Driven fully exercising its option, a 60/40 joint venture between the Company and optionor Tarsis Resources Ltd. will be established in order to further explore and develop White River.
U. Peter Kurisoo, CPG, Chief Geologist and a Director of the Company, is the Qualified Person as defined in National Instrument 43-101 who has approved 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.
Toma Sojonky, President & CEO
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.
For further information:
please contact Toma Sojonky, President & CEO, at (604) 569-0799, or visit www.DrivenCapital.ca