VANCOUVER, March 3 /CNW/ - Goldmember Minerals Inc. (TSX.V: "GMV") ("the Company" or "Goldmember") is pleased to announce that it has started drilling at its 100% owned Alexis Gold property in central British Columbia.
The drilling will comprise an initial 2,000 metres in up to 8 holes and will test both high chargeability and high resistivity priority targets over a 4 kilometre long trend. This area has been selected on the basis of favourable regional-scale features from government airborne magnetic data with intersecting northwest and northeast trending faults.
Regional geochemical surveys, both government and private, including rock, silt till and lake sediment samples show a cluster of anomalous gold, silver, arsenic, antimony and molybdenum values coincident with the IP targets. It is anticipated that the drilling will take up to 5 weeks to complete.
Wesley Raven, P. Geo., VP Exploration, is the qualified person and takes responsibility for the technical 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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