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THRA Therma Med Inc (CE)

0.000001
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Therma Med Inc (CE) USOTC:THRA OTCMarkets 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% 0.000001 0.00 01:00:00

Therma-Med, Inc. Announces Exploration Plans for the Upcoming Mining Season

01/12/2011 2:45pm

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Therma-Med, Inc. (PINKSHEETS: THRA) is pleased to announce its exploration plans for the Hindon Copper property located in Ontario, Canada. The Hindon property appears to contain two significant areas of copper mineralization (the East and West Zones). The original sampling performed during the 1950s averaged 2.8% copper with some samples going above the 4% copper from the West Zone while samples from the East Zone averaged 1.6% copper.

The Company aims to utilize a cost effective surveying system that implements the latest geophysical technologies which has a proven track record of properly collected highly detailed data sets. This will outline very fine surface structures and provide the capability to generate clean and concise maps that we will use for further exploration. A High Resolution Aeromagnetic survey is a fully integrated exploration method that fits within the Company's exploration budget and gives us a competitive edge in identifying drillable prospects. This surveying system applies technology that is sensitive enough to detect conductivity variation to a depth of 100 meters. Based on survey results, the Company intends to send exploration teams to go over the perspective anomalies and execute a line-cutting and a ground electromagnetic (EM) surveying programs. CEO Zajay Trujillo stated, "I'm extremely pleased that we've decided to go with the exploration approach that is not greatly affected by the seasonal weather conditions. This approach will enable us to collect a significant amount of valuable information on the property. The work contract surveying proposals are currently being reviewed by us. Once a contract has been finalized, we expect to start surveying our property immediately. We will continue to release regular updates on our progress as we continue to push forward."

Please check the Company's website for further updates.

Safe Harbor: This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Therma-Med, Inc. with members of its management team as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact: Therma-Med, Inc. www.therma-medinc.com Email Contact

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