Business
Canwealth Minerals Corporation completes first drilling of Golden Ridge.
Canwealth Minerals Corporation completes first drilling of Golden Ridge..
About this update from Icbs Ltd
[{"type":"text","content":"New York, Montreal December 5, 2011– Canwealth Minerals Corporation and partner ICBS Ltd., (OTCPK: ICBT),) is pleased to announce that recent drilling at the Company's 100%-owned Golden Ridge, has returned the best intercept drilled into the Golden Ridge deposit. Canwealth Minerals Corporation announced today that it has completed the first of three drilling programs. We have completed the first preliminary core drilling of Golden Ridge. Assay results show presence of Gold and a substantial resource of base metals. Drilling had to be suspended because of winter conditions which hindered the water supply needed for drilling. The company is expected to re-enter Golden Ridge, weather permitting in early April 2012, when it will continue with its drilling program. The Golden Ridge property is located in the Townships of Languedoc and Disson approx. 52 km northwest of Amos Quebec in the prolific Abitibi Greenstone Belt. The claim is 100% owned by Canwealth Minerals Corporation. It is comprised of 4 claim cells totaling 227 hectares or 560 acres. The 4 claim cells are located well within the Abitibi Green Stone belt zone of the Grenville province. This orogenic geological structure is considered a highly favorable site for exploration of gold and copper. The following information is a projection of the possible values based on the results from assay core samples from Golden Ridge. Results represent only 3% of the claim area. ELEMENT *MARKET PRICE **WEIGHT UNIT Value in CND Titanium $5.25 17621145 lb...