Fernhill Corporation (FERN) Acquires Silver Bell Mine Property
December 04 2012 - 8:00AM
Marketwired
Fernhill Corporation (PINKSHEETS: FERN) is pleased to announce that
it has entered into an agreement to acquire a 100% interest in one
mineral claim containing 12 cell claims units comprising a total of
252.57 hectares of the "Silver Bell Mine Property," located on the
south shore of Horne Lake, approximately 15 kilometers northeast of
Port Alberni, British Columbia.
The Silver Bell Mine Property is underlain by Paleozoic rocks of
the Sicker Group (Nitinat and McLaughlin Ridge/Myra Formations).
The Myra Formation, in particular, is a known host of economic
mineralization elsewhere on Vancouver Island. The geological
environment found on the Silver Bell Property is consistent with an
epithermal quartz vein style that is favorable for associated gold,
silver and copper values.
In order to complete the exercise of the Silver Bell Mine option
to acquire a 100% interest in the property, Fernhill Corporation
must incur additional exploration expenditures on the property by
March 31, 2013. A comprehensive work program will be put together
over the next several weeks.
Further details of the property will be uploaded to the company
website.
Forward Looking Statements and Safe Harbor Statement:
This news release contains forward-looking statements.
Forward-looking statements are statements which relate to future
events. In some cases, you can identify forward-looking statements
by terminology such as "may," "should," "expects," "plans,"
"anticipates," "believes," "estimates," "predicts," "potential" or
"continue" or the negative of these terms or other comparable
terminology. These statements are only predictions and involve
known and unknown risks, uncertainties and other factors that may
cause our or our industry's actual results, levels of activity,
performance or achievements to be materially different from any
future results, levels of activity, performance or achievements
expressed or implied by these forward-looking statements. While
these forward-looking statements, and any assumptions upon which
they are based, are made in good faith and reflect our current
judgment regarding the direction of our business, actual results
will almost always vary, sometimes materially, from any estimates,
predictions, projections, assumptions or other future performance
suggested herein.
Contact: Fernhill Corporation Email Contact
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