Driven receives drill permit for Blackwater East
August 09 2012 - 9:00AM
PR Newswire (Canada)
TSX Venture Exchange: DVV Frankfurt Stock Exchange: DV1 VANCOUVER,
Aug. 9, 2012 /CNW/ - Driven Capital Corp. ("Driven" or the
"Company") is pleased to advise that its application for a permit
to conduct diamond core drilling on its 100% optioned Blackwater
East project located on the Nechako Plateau of British Columbia has
been approved. The BC Ministry of Energy & Mines has awarded
Driven a Multi-Year Area Based (MYAB) permit, for up to 2,000
metres of drilling located within the prospective
south-southeastern areas of the property. The previously announced
geophysical work in these areas (see news release dated June 25,
2012) has been completed. Personnel from Peter E. Walcott &
Associates Limited and Company management are interpreting the
results in conjunction with both regional/historical data and the
2011 soil geochemical results. This analysis will dictate target
selection and help prioritize the now-permitted drill program. "All
three of Driven's properties are now permitted to be drilled,"
stated Toma Sojonky, President & CEO. "Our decision to drill
Blackwater East will be based on the geophysical analysis, our
financial position and, as a matter of corporate strategy, the
results of our drilling underway at White River." Blackwater East
is comprised of 23 contiguous mineral claims totaling approximately
8,472 hectares on the Omineca Mining Division's prolific Nechako
Plateau. Driven's property is adjacent to the eastern/southeastern
boundaries of New Gold Inc.'s Blackwater gold project, which hosts
currently defined indicated resources of 7.1 million ounces of
gold, and additional inferred resources of 2.5 million ounces of
gold; please refer to New Gold Inc.'s news release dated July 18,
2012 for more details. Lindsay Bottomer, P.Geo, a Director of the
Company, is the Qualified Person as defined under National
Instrument 43-101, who has reviewed the technical information in
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" 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. Driven Capital Corp. CONTACT: please contact Toma
Sojonky, President & CEO, at (604) 569-0799,orvisit
www.DrivenCapital.ca
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