NEW YORK AND
MONTREAL, Sept. 17, 2012 /PRNewswire/ - Canwealth Minerals
Corporation and partner ICBS Ltd., (OTCPK: ICBT),) is
pleased to announce the second set of assay results for the
Highland Gold property received Sept 12,
2012. As expected the assay results are consistent with
previous results of Aug 22, 2012.
Based on these results a further expansion of the grab sample area
has been planned to the east and south of "on surface" grab samples
# 006HG .005 Gold, #007HG .006 Gold and # 024HG .011Gold. This
includes trace amounts of palladium and platinum. The work will be
performed within the next 3 weeks with a standard geophysical and
lithology study of the out croppings in the surrounding area. The
work will give us a better understanding of the expanded area for
its mineralization and to determine the surface geometry for a more
defined multi hole drill target campaign as defined under National
instrument 43-101.
As per the Minister of Natural Resources of
Quebec assessment report of
February 2006. The Highland Gold
property assay results support these findings and indicates the
claim sits on a highly favourable orogenic gold zone.
As noted, over the past 2 years it has been
documented that every available mineralized orogenic gold zone of
this type also known as epithermal or mesothermal veins have been
staked by other high profile gold mining companies. Veins of this
type can range in thickness from a few centimetres to four meters.
These vein structures can be several hundred meters long and extend
to depths in excess of 5km. Mineralization commonly occurs in
shoots within the vein structures. Based on historical production
gold grades have been in the range of 10.0-17.1 g/t.
The Highland Gold property is located in the
Townships of Poirier and Dalet approx. 78 km north of Amos Quebec in the prolific Abitibi Greenstone
Belt. The claim is 100% owned by Canwealth Minerals Corporation. It
is comprised of 40 claim cells totalling 5555 acres. The claim area
includes a mountain range 4.8km by 2.1km with an elevation of 448 m
of unexplored area. The 40 claim cells are located well within the
Abitibi Green Stone belt zone of the Grenville province. This orogenic geological
structure is considered a highly favourable site for the
exploration of Gold, Platinum and Palladium.
The decision to stake the Highland Gold
property's location is apparent and is further supported by the
close proximity of some of the biggest names in the mining
industry. Also our decision was based on the continuity of this
mineralized zone which has been well established based on
historical production. We are confident that with our latest assay
results we will achieve our goals to bring the Highland Gold
property into full production in the near future.
The company's current strategic direction is to
seek out properties/claims known to have high mineral values for
Gold, Silver, Copper, PGE and REE, (rare earth elements), which
will lead rapidly to the advanced exploration and development
stages.
ICBS is providing management and project
funding.
Legal Notice Regarding Forward-Looking
Statements:
Safe Harbour: This press release contains
forward-looking information within the meaning of section 27A of
the Securities Act of 1933 and section 21E of the Securities
Exchange Act of 1934 and is subject to the Safe Harbour created by
those sections. This material contains statements about expected
future events and/or financial results that are forward-looking in
nature and subject to risks and uncertainties. Such forward-looking
statements by definition involve risks, uncertainties and other
factors, which may cause the actual results, performance or
achievements of ICBS Limited, to be materially different from the
statements made herein.
SOURCE Canwealth Minerals Corporation