Camp construction underway. Drill program to start this week.
VANCOUVER, Feb. 20 /CNW/ - Goldmember Minerals Inc. (TSX.V: "GMV") ("the Company" or "Goldmember") is pleased to announce that it has received the necessary permits for its Phase I diamond drilling program on its 100% owned Alexis Creek gold property, west of Williams Lake, B.C.
The Company has contracted Westcore Drilling of Hope, B.C. to drill the property with a Phase I program comprising 2,000 metres in 4-8 holes and will test both high chargeability and high resistivity targets. It is anticipated that the drilling will take up to one month to complete. The core diameter will be NQ.
Crews are on site and have completed the following activities:
1. Plow 60 kilometres of access road to access camp and drill sites
2. Spot the first 4 drill holes and access roads
3. Refurbish and expand the existing exploration camp to accommodate
drilling activities
The grid is currently being expanded with linecutting crews establishing lines to the northeast and southwest of the open-ended chargeability anomaly. The drill is scheduled to depart Hope, BC on Feb 20, 2008 with drilling to commence by Feb. 23, 2008.
Drill core samples will be tested at ALS Chemex facility in North Vancouver, BC. The Company will complete a standard multi-element ICP analysis with the addition of gold by fire assay of a 30-gram pulp. Any silver and base metals (copper, lead, zinc) that exceed the ICP method detection limit will be analysed by more precise assay methods.
In addition to this work on the Alexis property, linecutting crews are currently working on the Nechako property, completing the grid extensions to grids 2 and 3. A ground magnetic survey is underway on the existing lines on grids 2 and 3 and will include the grid expansions. The drill will move from the Alexis property to the Nechako property where the Company plans to drill 2,500-3,000 metres of NQ sized core in 6-10 holes, testing both high resistivity and high chargeability targets.
Wesley Raven, P. Geo., VP Exploration, is the qualified person and takes responsibility for the disclosure in this news release.
Goldmember Minerals Inc.
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Goldmember Minerals Inc. is a mineral exploration company focused primarily on epithermal style gold and silver projects in central British Columbia. The Company is well financed having recently completed its qualifying transaction and concurrent financing of C$2,545,000.
Goldmember has amassed a sizeable land position upon which it has completed an extensive amount of work to date. Recent exploration programs conducted on the 100% owned Nechako and Alexis Properties have successfully: identified several corresponding conductivity and related resistivity geophysical anomalies located at depth which display the characteristics of an epithermal style mineralized body; confirmed a positive correlation with MMI geochemical sampling and 3D Induced Polarization results within a favourable geological setting; and identified numerous priority targets within the claim boundaries that coincide with regional geophysical trends with coincidental geochemical anomalies suitable to host further epithermal gold-silver and porphyry copper-gold style mineralization.
ON BEHALF OF THE BOARD OF DIRECTORS
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Alistair MacLennan, President
Statements about the Corporation's future expectations and all other statements in this press release other than historical facts are "forward looking statements". Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Corporation to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements.
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RELEASE