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Share Name | Share Symbol | Market | Type |
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TSXV:JIM | TSX Venture | Common Stock |
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James R. B. Parres, Chief Executive Officer, of Jiminex Inc. (TSX VENTURE:JIM) is pleased to report that a phase two 1,800 metre diamond drilling program has commenced on the Misehkow River property, Pickle Lake region, Ontario, Canada. The focus of the drilling will be in two areas: at the 2011 gold zone drill discovery having a weighted average of 18.3 g/t gold over 2.4 m; and, at the yet-untested Target 2 high priority area located 4 km west as recommended by geophysical consultants Condor Consulting Inc. Mr. Parres comments "We have two excellent gold target areas to continue our drill exploration at Misehkow River. The gold zone discovered by our 2011 drill program presents an opportunity expand this mineralization. Geophysical Target 2 has been enhanced by the geological mapping done this summer and we are currently drilling at this location with a good possibility of discovering a new separate gold zone." The management of Jiminex Inc. is presently investigating further financing opportunities in order to fund continued exploration at the Northern Eagle property, Hemlo region, Ontario and at the Parres property, Snow Lake mining camp, Manitoba. The Jiminex Inc. Board of Directors are pleased to announce the shareholder election of Gary L. Billingsley, CA, P.Eng., P.Geo. as an independent director at the annual meeting September 18, 2012. Mr. Billingsley is currently the Executive Chairman of Great Western Minerals Group Ltd., Saskatoon, Saskatchewan and has extensive mining and exploration company corporate and technical management experience. Mr. Billingsley replaces Mr. G. Michael Newman who withdrew his nomination for election to the Board prior to the annual meeting. Jiminex Inc. was listed as a resource company on the TSX venture exchange in 2009 and is focused on gold exploration in Canada. The Company acquired three high potential properties located in three well-known mining camps. The 100%-owned Misehkow River property is sited in the Pickle Lake gold mining region of Ontario near to the Pickle Crow Project of PC Gold Inc. and in the same general region as the Musselwhite Mine currently being mined by Goldcorp Inc. Misehkow River presents an opportunity to possibly locate more than one gold deposit within a large target area. The Northern Eagle property is located in the Hemlo gold mining camp, Ontario close to the 22 million ounce Hemlo deposit being mined by Barrick Gold Corp. The property is considered one of the best target areas in which to locate another Hemlo-style gold deposit and Jiminex has earned a 50% interest from Beaufield Resources Inc. The 100% owned Parres and Parres Two properties are located in the Snow Lake copper-zinc and gold mining camp of Manitoba where the major Lalor Lake copper-zinc and gold deposit discovery of HudBay Minerals Inc. is actively being explored and developed. Allan J. Willy, P. Eng., VP Exploration & Director of Jiminex Inc. is the qualified person responsible for the geotechnical content of the Company's public information. If you would like to be added to Jiminex's news distribution list, please send your name (optional) and email address to info@jiminex.com. FORWARD-LOOKING STATEMENTS This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Company's periodic reports including the annual report or in the filings made by the Company from time to time with securities regulations. The Company undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of unanticipated event. Shares outstanding: 47,152,912
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