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Share Name | Share Symbol | Market | Type |
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Pro Minerals Inc. | TSXV:PRM | TSX Venture | Common Stock |
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0.00 | 0.00% | 0 | - |
In a 2008 Creso assessment report M.V. White used a 1934 reference on the Churchill occurrence that said "Surface stripping carried out during 1918 to 1933 exposed four vein systems with veins No. 3 and No.1 returning economic gold values. The No.3 vein was exposed for a length of 90m with an average gold value of 27.5 g/ton over a width of 1.2m (18 channel samples). Vein No. 1 was exposed for 30.5m with a width of 1.2m with an average gold value of 29.4 g/ton."
Pro Minerals compilation and Beilby Lake Property mapping in 2010 has determined the Churchill veins No 1 and No 3 are oriented east-northeast in the extension of the Beilby Creek Shear Zone. The significance of gold mineralization and veins with this orientation in the Shining Tree region is alluded to in the October 22 news release where Platinex-Creso state their joint ventured claims occur along the Larder Lake Break. The two former gold mines in the Shining Tree Region, the Tyranite Mine and the Ronda Mine, and gold occurrences such as Matona, Caswell, Churchill-Gold Corona-Pet and Gosselin occur along a cryptic east-northeast "break", the "Shining Tree Break". This "break could extend east-northeast to join the Larder Lake Break in Larder Lake and Virginiatown. Larder Lake is actually 125 kilometers "along strike" from the Beilby Lake Property and the Platinex-Creso Joint Venture."
The Churchill-Gold Corona-Pet veins are all within 300 metres of Pro Minerals Beilby Lake Property. The historically mapped extent of the Churchill No 3 vein is about 230 to 320m east-northeast from the Beilby Lake Property along the Beilby Creek Shear Zone. The Churchill No 1 vein is about 320-350m ENE from the Beilby Lake Property along the Beilby Creek Shear Zone. The Pet Vein also strikes west-southwest and an extension would enter Pro Minerals Beilby Lake Property after about 225m.
The announced Platinex-Creso JV drilling may discover extensions along strike and down dip to the previously established near surface high grade vein systems that will enhance the potential of discovering similar mineralization on Pro Minerals Beilby Lake Property which has never had its gold exploration targets drilled.
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.
Pro Minerals invites the public to visit its 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.
ON BEHALF OF THE BOARD OF DIRECTORS OF PRO MINERALS INC.
Ian Casidy - Director
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. Adrian Bakker 1-877-663-6168 or 604-608-6168 604.683.8903 (FAX) info@promineralsinc.com www.promineralsinc.com
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