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PASS LAKE, ON, March 3 /CNW/ - James R. B. Parres, President & CEO of Jiminex Inc. is pleased to report that Caracle Creek International Consulting Inc. ("CCIC"), Toronto, Ontario, has completed a Gocad(R) computer geotechnical data model for the Jiminex Inc. Northern Eagle gold property, Hemlo gold mining area, Ontario. Jiminex will use the model to plan target areas for deep-penetrating ground geophysical surveys and diamond drilling. This exploration work is planned for late second quarter to third quarter this year.
CCIC has compiled, standardized and digitized historical geotechnical data reported from exploration surveys done by 21 mining exploration companies over various parts of the 37.8 square km Northern Eagle gold property from 1982 to 2009. Approximately, 100 geotechnical assessment reports, including a total of 83 diamond drill logs, were used. The Gocad(R) computer geotechnical data model allows geologists to visualize various three dimensional aspects of the geology, geophysics, assays, trace element values, drill holes and other information. The data model will assist in planning future work such as the deep-penetrating geophysical surveys and diamond drilling. Future digitally-collected survey data, such as that obtained from geophysical surveys, geological mapping, diamond drilling, assaying and trace element analysis and other work, can be easily entered into the data model to assist in planning additional exploration programs.
Jiminex Inc. will be exhibiting in the upcoming Investors Syndicate at the Prospectors and Developers Association of Canada International Convention March 7-10, 2010 in Toronto, Ontario. Please visit our Booth No. 3327, management will be there to answer investor questions. If you would like to be added to Jiminex's news distribution list, please send your name (optional) and email address to firstname.lastname@example.org .
Jiminex Inc. was listed as a junior resource company on the TSX venture exchange in late August 2009 and is focused on gold exploration in Canada. At present, the company's main exploration activity will be on the Parres and Parres Two properties located in the well-known Snow Lake copper-zinc and gold mining camp of Manitoba where the major new Lalor Lake copper-zinc and gold deposit discovery of HudBay Minerals Inc. is actively being explored and developed. Jiminex is also present in the Hemlo gold mining camp, Ontario close to the World-Class 21 million ounce Hemlo gold deposit currently being mined by Barrick Gold Corp. The Northern Eagle gold property is considered one of the best target areas in which to locate another Hemlo-style gold deposit and Jiminex can earn a 50% interest from Beaufield Resources Inc. The Misehkow River Property located in the Pickle Lake gold region of Ontario presents opportunity to locate iron formation hosted gold deposits over a large target area of approximately 20 kilometres. Jiminex is actively seeking to locate and acquire new high potential gold exploration properties.
Allan J. Willy, P. Eng., VP Exploration & Director of Jiminex Inc. is the qualified person responsible for the geotechnical content of this news release.
This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Company's periodic reports including the annual report or in the filings made by the Company from time to time with securities regulations. The Company undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of unanticipated event.
NEITHER 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.
SOURCE JIMINEX INC.
For further information: For further information: Jim Parres, President & CEO, Phone: (807) 977-1679, Fax: (807) 977-1769, Email: email@example.com, Website: http://www.jiminex.com