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 British Columbia.
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 silicification.
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 July 6.
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.
For further information:
please contact Toma Sojonky, President & CEO, at (604) 569-0799, or visit www.DrivenCapital.ca