TORONTO--(Marketwire - November 09, 2011) - Therma-Med, Inc. (PINKSHEETS: THRA) is pleased to provide an update on the Company's activities.
The Company's activities over the past 6 months have resulted with the signing of an option of a base metal property that we feel has a good opportunity of capturing significant economically viable mineralization. The Company spent the past summer diligently working on compiling all available information on the recently acquired Copper project.
Following the Company's press release of Aug 26, 2011, the Company announced that its exploration team under the close supervision of a 43-101 qualified geologist expects to finish up a development plan for its copper project in Hindon Township, Ontario, CA. Using the data of past geophysical work done on the properties, management will be able to craft a winter program that will assist and outline geological anomalies that will help narrow the Company's scope for exploration targets.
The property already has proven mineralization. We will be using modern techniques to confirm past findings and perhaps even help find new discoveries. As a result the Company's exploration cycle is shortened which allows our qualified personnel to have a better understanding of the property and development and what will be needed going forward to turn this into an economically feasible producing mine.
The historically confirmed copper zone averaging of 2.82% Cu from samples historically collected on over 700m length also seem to contain anomalous gold, silver, platinum and palladium, a by-product value to any production of copper in the future.
Company President Zajay Trujillo said: "At this point in time, I am pleased to say that our job in regards to Hindon project is not to define what we have, but how much we have. We have past data that points to significant mineralization and our job right now is to continue with our geophysical work to help prove up and update these values using modern techniques. Thus adding value to the Company's underlying asset."
Please check our website for further updates.
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.