PASS LAKE, ON, Nov. 8 /CNW/ – James R. B. Parres, President & CEO of Jiminex Inc. is pleased to report that Bodnar Drilling Limited, Ste. Rose du Lac, Manitoba has begun diamond drilling the Titan 24 geophysical targets on the Northern Eagle Gold Property, Hemlo gold region, Ontario. Geologist Adewara Odewande, Ph.D., P.Geo., on site, has been retained to supervise the diamond drilling program. Currently, Jim Parres and Al Willy, VP Exploration are on site for the start of the program. Jim Parres comments ” We are all very excited to be here to see the first core from our Hemlo drill program. The Titan 24 deep-penetrating ground geophysical survey targets picked by Quantec Geoscience appear to have an excellent potential to reflect a Hemlo-style mineralized zone.” Jiminex Inc. has an option to earn 50% of the Northern Eagle gold property from Beaufield Resources Inc.
Jiminex Inc. was listed as a junior resource company on the TSX venture exchange in late August 2009 and is focused on gold exploration in Canada. The Company has acquired three high potential gold properties located in three separate well-known gold and copper-zinc mining camps. The Northern Eagle property is located in the Hemlo gold mining camp, Ontario close to the 21 million ounce Hemlo gold deposit currently being mined by Barrick Gold Corp. This property is considered one of the best target areas in which to locate another Hemlo-style World-Class gold deposit and Jiminex is earning a 50% interest from Beaufield Resources Inc. The 100%-owned Misehkow River property is located 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 locate significant iron formation hosted gold deposits over a large target area of approximately 30 kilometres. The 100% owned Parres and Parres Two properties are located in the well-known Snow Lake copper-zinc and gold mining camp of Manitoba where the major new 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.
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.
Read more: http://www.digitaljournal.com/pr/155830#ixzz14irIhjv2
Canada NewsWire
PASS LAKE, ON, Nov. 8
Shares outstanding: 28,510,116
Leave a Reply
Want to join the discussion?Feel free to contribute!