Pro Minerals Inc.: Shining Tree Gold Project-Geophysical Results Received and Follow Up Program Initiated
2010年6月16日 - 12:42AM
Marketwired
Pro Minerals Inc. (TSX VENTURE: PRM) and its Board of Directors are
pleased to announce that the company has now initiated a follow-up
exploration program on its 100% owned Shining Tree Gold Project,
after receipt of positive geophysical results. Pro recently
received Insight Geophysics' Final Report from the Tuned Gradient
IP Survey carried out this spring on the project. The survey
successfully identified a number of high priority targets which
will now be followed up by bedrock sampling. A crew has been
dispatched to the field and will be led by Robert D. Stewart,
P.Geo. In recent months, Pro Minerals Inc.'s ongoing exploration
program at Shining Tree consisting of GIS compilation, prospecting,
geological mapping and geophysical surveys have outlined targets at
surface and at shallow depth that warrant follow-up inspection and
drilling.
This round of bedrock sampling includes follow-up inspections to
5 high priority targets outlined by Insight Geophysics Inc. using
their proprietary Tuned Gradient Induced Potential (IP) Array and
Insight Section analysis. In addition to assessing the highest
priority Insight Section IP targets, outcrop inspections will be
completed for numerous secondary geophysical target responses
identified from the Tuned Gradient IP survey. Geochemical results
from this field program will be used to refine drill hole targets.
As this property was privately held for nearly 20 years, this will
mark the first time a drill program has ever been undertaken on
these claims.
Background and Geological Details:
In March 2010, Insight Geophysics Inc. collected 7687m of Tuned
Gradient IP data, 1500m of Insight Section IP data and 8900m of
total field magnetic data. An initial detailed mapping program of
the geophysical grid, infrastructure and some outcrop geology was
completed in April. Almost all relevant publicly available
geoscience data on and adjacent the project has been compiled into
Pro Mineral's geographical information system (GIS).
The Shining Tree Greenstone Belt is roughly equidistant (110km)
from the prolific mining centers around Timmins, Kirkland Lake,
Cobalt-New Liskeard and Sudbury in northern Ontario, Canada.
Numerous occurrences of visible gold in quartz veins have been
found in the last century near Shining Tree and several vein
systems were developed as the Tyranite and Ronda mines. A major
limitation to developing mines in the past has been outlining
sufficient resources beyond the at-surface bonanza veins. Today's
technologies allow us to better outline prospective exploration
targets extending from the at-surface bonanza veins.
Some recent highlights from Pro Minerals exploration program
using today's technologies include:
-- Insight Geophysics' proprietary resistivity and chargeability profiles
have outlined vertical and gently dipping features that correlate to
geological observations of disseminated sulfides in rhyolites with
quartz veining, pervasive carbonate alteration and gently dipping
gabbro-diorite bodies. Weak alteration and disseminated pyrite with or
without elevated gold values at surface are considered by Pro Minerals
to be above potentially mineralized structures.
-- Compilation has determined the Gold Corona-Churchill shafts, veins and
massive sulfides are 130m to 300m east of the project and the Cochrane
veins are 400m north of the project. Auriferous quartz veins that occur
in the vicinity of the Gold Corona-Churchill shafts are near the
formational rhyolite contact with mafic volcanics where exhalative
massive sulfides and sill-like mafic intrusions are also present. Pro
Minerals considers the north-west striking rhyolite contact appears to
have an undulatory shallow to moderate dip which means the favourable
stratigraphic zone for hosting auriferous quartz veins can be expected
to be close to surface on the Pro Minerals claims. April mapping located
at last one location on the project where the base of the rhyolite is
adjacent mafic volcanics.
-- Compilation accurately positioned a gold in humic soil survey that shows
a southwestern extension of the Churchill soil gold anomaly onto the Pro
Minerals claims. The highest gold result of that soil survey occurs near
Tuned Gradient IP chargeability peaks on the Pro Minerals project.
-- There are no drill holes on the Pro Minerals claims and all the IP
targets outlined by Insight Geophysics appear to be untested. A primary
target area (1200m by 100m) striking northwesterly will receive follow-
up prospecting, geological mapping and sampling prior to drilling. The
primary target area roughly parallels the formational rhyolite contact
related to the auriferous quartz veins at the Cochrane, Gold Corona and
Churchill showings.
The Shining Tree Camp is currently experiencing heightened
interest, based on recent announcements made by companies exploring
in the camp. Creso Exploration Inc. recently announced successful
drill results including 65.7 metres of 18.2 g/t Gold and 79.6
metres of 4.61g/t Gold in hole #2 on their MINTO Project, and
Platinex Inc. have commenced an aggressive 11,500m drill program to
further evaluate and expand the Herrick gold deposit which sits
approximately 1200 metres North of Pro Minerals Shining Tree
Project.
The company would also like to invite the public to visit our
website to view "Pro Minerals Shining Tree video", which has now
been posted. The 2 part, 15 minute video, contains portions of the
previously mentioned mini documentary which follows the staking
rush that occurred in September 1996, when the Shining Tree Camp
was re-opened for exploration. The video gives the public a chance
to see first-hand just how this historic staking rush (which
utilized high school track athletes to get a leg up on the
competition) took place, as well as interviews with the individuals
involved.
The qualified person for the purposes of this news release is
Robert D. Stewart, P.Geo, and is a Qualified Person under National
Instrument 43-101 guidelines.
ON BEHALF OF THE BOARD OF DIRECTORS OF PRO MINERALS INC.
Adrian O'Brien - President/CEO
Please visit our website at http://www.promineralsinc.com or
e-mail us at info@promineralsinc.com, to be added to the Company's
e-mail list for press releases and updates. For more information
please contact us at 1-800-663-8990 or 604-683-8990.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Pro Minerals Inc. 1-800-663-8990 or 604-683-8990
604-683-8903 (FAX) info@promineralsinc.com www.promineralsinc.com
Renmark Financial Communications Inc. Barry Mire (514) 939-3989 or
(416) 644-2020 bmire@renmarkfinancial.com Renmark Financial
Communications Inc. Barbara Komorowski (514) 939-3989 or (416)
644-2020 bkomorowski@renmarkfinancial.com
www.renmarkfinancial.com
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