Gmv Minerals Inc. press release
Goldmember Minerals Inc. Announces Property Overview and 2008 Exploration Plan
TSXV - TSX Venture Exchange · Gold · Lithium · Uranium · Canada
VANCOUVER, Jan. 4 /CNW/ - Goldmember Minerals Inc. (TSX.V: "GMV") ("the Company" or "Goldmember") is a drill-ready mineral exploration company focused primarily on epithermal style gold and silver projects in central British Columbia. The Company is well financed having recently completed its qualifying transaction and concurrent financing of C$2,545,000.
Goldmember has amassed a sizeable land position upon which it has completed an extensive amount of work to date. Recent exploration programs conducted on the 100% owned Nechako and Alexis Properties have successfully;
1. identified several corresponding conductivity and related resistivity geophysical anomalies located at depth which display the characteristics of an epithermal style mineralized body;
2. confirmed a positive correlation with MMI geochemical sampling and 3D Induced Polarization results within a favourable geological setting; and
3. identified numerous priority targets within the claim boundaries that coincide with regional geophysical trends with coincidental geochemical anomalies suitable to host further epithermal gold-silver and porphyry copper-gold style mineralization.
The Company is extremely optimistic about its future prospects and its progress to date. Commencing immediately, Goldmember intends to aggressively explore both properties by diamond drill testing numerous IP anomalies on all the grids with 2,000-3,000 metres planned for the Nechako property and 1,000-2,000 metres for the Alexis property.
The existing grid areas will be expanded to close off the IP anomalies and new geophysical grids will be established to cover additional priority areas of anomalous geochemistry with coincident magnetic features. The vast majority of the property is road accessible year round with excellent access to power, water and nearby towns for related supplies and services.
Nechako Property-Overview
The Nechako property is located in north-central BC, west of Prince George. The property consists of 177 mineral claims encompassing approximately 82,000 hectares.
The Nechako property is underlain by the Cheslatta Caldera Complex, a circular feature approximately 60 kilometres in diameter comprised mainly of Early Tertiary felsic and mafic volcanics.
Evidence suggests the presence of separate smaller-scale volcanic centres within the overall larger caldera complex potentially leading to multiple areas of mineralization.
The mineralized targets sought are epithermal-style gold-silver deposits; the area includes a number of high priority mineral showings both precious and base metals, and past producers Equity Silver Mines to the north and Blackdome Mines to the south.
In 2006/07 the Company undertook 3D-IP surveying on three grids totaling 143.775 line-kilometres focused on areas of anomalous geochemistry and favourable regional magnetic trends.
The IP survey outlined large chargeability anomalies on all three grids from near surface extending to 250-400 metres depth, the limit of the survey; the anomalies remain open at depth.
Many of the anomalies have coincident magnetic features and major fault zones transecting the IP anomalies as interpreted from the magnetic data.
Alexis Property-Overview
The Alexis property is located in central BC, west of Williams Lake, BC. The property consists of 308 mineral claims totaling approximately 146,000 hectares.
The Alexis property lies within the central part of the Mount Dent Caldera, a mafic to felsic volcanic caldera complex.
Epithermal style gold-silver mineralization is present at two prospects west of the claims, the Baez and Clisbako, and at the Bob showing to the northeast.
The Company digitized available data and generated several targets for follow-up exploration. Magnetic data shows large regional features as well as smaller, localized magnetic highs surrounded by "ring" patterns possibly indicating alteration zones typical of epithermal or porphyry style mineralization; large regional fault systems were also interpreted from the magnetic data.
In 2006/07 the Company undertook 3D-IP surveying on the Quartz Lake grid totaling 103.0 line-kilometres; the survey outlined a broad chargeability zone with coincident resistivity 1 km wide by 2 km long that is open to the south and east.
Wesley Raven, P. Geo., VP Exploration, is the qualified person and takes responsibility for the technical disclosure in this news release.
ON BEHALF OF THE BOARD OF DIRECTORS
Alistair MacLennan, President
Statements about the Corporation's future expectations and all other statements in this press release other than historical facts are "forward looking statements". Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Corporation to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements.
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