Business
Canwealth Minerals Corporation files on 64 new claim units in the Abitibi Temiscamingue region of Quebec.
Canwealth Minerals Corporation files on 64 new claim units in the Abitibi Temiscamingue region of Quebec..
About this update from Icbs Ltd
[{"type":"text","content":"New York, Montreal, May 20, 2011 Canwealth Minerals Corporation and partner ICBS Ltd., (OTCPK: ICBT), announced today that it has filed mineral claims on 64new claim units in the Abitibi Temiscamingue region of Northern Quebec, representing over 8951 acres brings the companies holdings to 26680 acres representing 159 Claims in total for Canwealth Minerals. The Lake View gold project is located in the Regional county of Abitibi 55km northwest of Amos Quebec in the prolific Abitibi Greenstone Belt. The Lake view claim is 100% owned by Canwealth Minerals Corporation. It is comprised of 64 claim cells totalling 3622 hectares or 8951 acres. The 64 claim cells are located well with in the Abitibi Green Stone belt zone of the Grenville orogeny. This VMS ( Volcanogenic massive sulfide ) formation is considered a highly favourable site for exploration for gold, silver, copper, nickel and PGE ( platinum group elements ).Canwealth Minerals Corporation is a gold and precious metal mining company has registered these claims with the Quebec government. The company is expected to start exploratory drilling this coming spring. The main thrust of the exploration will to be focused on sites that have a strong indication of precious minerals, such as Gold, Silver and Copper .The company is expecting the new sites to be accessed this coming summer with initial geological reports expected by the late fall. The company’s current strategic direction is, to seek out properties/claims known to have high value mineral targets which will lead rapidly to the advanced exploration and development stages. SOURCE: Canwealth Minerals Corporation ,ICBS Limited.CONTACT: Kelly Taylor, President & CEOwww.canwealthmineral.comwww.icbs.caLegal 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, whi...