ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

DVV

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
TSXV:DVV TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Driven Identifies Three Anomalies at Kuyakuz

14/09/2011 12:00pm

Marketwired


(TSXV:DVV)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more  Charts.

Driven Capital Corp. (TSX VENTURE: DVV) ("Driven" or the "Company") is pleased to provide an update on current and planned exploration activities at its 100% optioned Kuyakuz Mountain Property adjacent to New Gold Inc.'s Blackwater Gold Project in the Nechako Plateau region of British Columbia.

The soil sampling program conducted on Kuyakuz in May has identified three well defined geochemical anomalies, having elevated levels of silver, copper, lead and zinc (the latter being an associated element at the nearby Blackwater gold deposit), as well as scattered high gold values of up to 530 ppb Au. Two of the geochemical anomalies coincide with previously identified magnetic anomalies in the south and southeastern portions of the property.

"We're pleased that our spring program at Kuyakuz has yielded coincident anomalies that warrant immediate follow-up," said Toma Sojonky, Driven's CEO. Chris Baldys, P.Geo, and a support crew are currently completing two weeks of follow-up reconnaissance mapping and rock geochemical sampling on the three areas, with priority being given to sites with coincident geochemical anomalies, magnetic expression and altered bedrock exposures.

Driven's application for a permit to carry out an induced-polarization (IP) geophysical survey on Kuyakuz was approved by the BC Ministry of Energy and Mines on September 1, 2011. The survey's design is being finalized with ongoing feedback from the field reconnaissance. The Company has retained Terracad Geoscience Services Ltd. to carry out approximately 50 line kilometres of line-cutting and co-ordinate the ensuing survey with geophysical contractor Peter E. Walcott & Associates Limited.

Completion of the IP survey will conclude Phase I of Driven's exploration program. Positive results could lead to a second phase resuming at the start of the 2012 field season. The Phase II budget includes a contingent 2,000 metres of diamond drilling.

Lindsay Bottomer, P.Geo, a Director of the Company, is the Qualified Person under National Instrument 43-101 who has reviewed the technical information in this news release.

Driven is a publicly traded exploration company focused on the discovery of high-value precious metals deposits in North America. Please visit our web site at www.DrivenCapital.ca.

On Behalf of the Board of Directors of Driven Capital Corp.

Toma Sojonky, President & CEO

Cautionary Statement Regarding Forward-Looking Information: All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management's estimates or opinions should change. Investors should not place undue reliance on forward-looking statements.

Neither the 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: Driven Capital Corp. Toma Sojonky President & CEO (604) 569-0799 www.DrivenCapital.ca

1 Year Chart

1 Year  Chart

1 Month Chart

1 Month  Chart

Your Recent History

Delayed Upgrade Clock