NEW YORK AND MONTREAL, Sept. 21, 2011 /PRNewswire/ - Canwealth Minerals Corporation and partner ICBS Ltd., (OTCPK: ICBT), announced today that its Golden Ridge claim assay results confirm , 40 grams of Gold per ton. Company current deep core drilling program to locate extent of vein.
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 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 exploration of gold and copper.
The company is currently in the process of its phase 3 drilling program which is expected to continue until the end of November 2011, weather permitting. As sample cores are received back from the drilling sites, the company will forward them to AGAT Laboratories of Mississauga Ontario for assay, the results of which are expected by late fall on through December 2011.
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'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.
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