Therma-Med, Inc. Picks Up Option on Copper Property in Ontario
July 28 2011 - 3:00PM
Marketwired
Therma-Med, Inc. (PINKSHEETS: THRA) has negotiated an Option
agreement to earn a 90% interest in The Hindon Copper Property
situated in the Hindon Township in southern Ontario approximately
200 kilometers northeast of Toronto and 20 km north of the town of
Minden. The northern boundary of the property lies along Ontario
Highway 118 and an ATV trail allows access to the property. The
property comprises 22 Units totaling 440 ha.
The property was considered to be of interest because of the
identification of copper mineralization on an Ontario Geological
Survey map of the area. Subsequent investigation of the Government
of Ontario Mining Assessment Database indicated that the area of
copper mineralization occurs in two zones; one in the west which is
estimated to be more than 700 m long and one in the east over 200 m
long. Previous prospecting and sampling work revealed an average of
2.82% Cu from 11 samples on over 700 meters from the west zone and
1.59% Cu on over 150 meters from 2 samples from the east zone.
Importantly, previous performed work does not precisely delineate
the overall width or length of the mineralized zone.
"Having a sizeable copper zone already exposed and with
encouraging grades is a very rare opportunity that we just couldn't
let pass by and allows us to get to the more advanced exploration
stage quite quickly," states Zajay Trujillo. "The acquired property
is an excellent addition to our B.C. properties and fits our
objective to expand our property portfolio."
The Hindon Copper Property is thought to provide the Company
with another quality target with resource potential that
compliments its on-going development of the B.C. located
properties.
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
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