NEW YORK and
MONTREAL, Feb. 21, 2012 /PRNewswire/ - Canwealth Minerals
Corporation and partner ICBS Ltd., (OTCPK:
ICBT), announced today that it has filed mineral claims
on 6 new sites in the James Bay
area of Northern Quebec
representing over 720 acres. The area shows concentrations of Gold
and Copper.
Canwealth Minerals Corporation - is an
exploration and mining company actively searching for gold and base
metal ore deposits in Quebec. At
the present time the company holds 7 Mining properties (248 Claim
cells) in North Central Quebec's Abitibi region and South Western
Quebec for a total of 14,508 hectares or 35,850 acres under
management and is 100% owned by Canwealth Minerals Corp. The
company's management team is made up of professionals with
extensive exploration and production experience. The management is
committed to building Canwealth Minerals Corporation into a
profitable resource company by maximizing shareholder value through
exploration of its high quality properties in Quebec.
The main thrust of the exploration will to be
focused on sites that have a strong indication of precious
minerals, such as Gold, Silver and Platinum.
The company is now in the process of its phase 3
for the deep exploration of holdings and other strategic locations
in Northern Quebec. Core drilling
is expected to commence late April
2012, weather permitting, with assay and geology reports
expected by fall. Following those reports, the company will outline
the claim locations for further development in early spring of
2013.
The company's current strategic direction is, to
seek out properties/claims known to have high value mineral targets
which will lead rapidly to the advanced exploration and development
stages.
ICBS is providing management and project
funding.
Legal Notice Regarding Forward-Looking
Statements:
Safe Harbour: This press release contains
forward-looking information within the meaning of section 27A of
the Securities Act of 1933 and section 21E of the Securities
Exchange Act of 1934 and is subject to the Safe Harbour created by
those sections. This material contains statements about expected
future events and/or financial results that are forward-looking in
nature and subject to risks and uncertainties. Such forward-looking
statements by definition involve risks, uncertainties and other
factors, which may cause the actual results, performance or
achievements of ICBS Limited, to be materially different from the
statements made herein.
SOURCE Canwealth Minerals Corporation