TORONTO--(Marketwire - August 26, 2011) - Therma-Med Inc. (PINKSHEETS: THRA) is pleased to provide additional technical and historical information on its Hindon Copper property in Ontario, Canada.
The property is made up of three claims comprising 22 Units totaling 440 ha. The claims cover Lots 3 to 8 of Concession 2 and Lots 3 to 6 and Lot 8 of Concession 3 of Hindon Township within the Regional Municipality of Minden Hills approximately 200 kilometers northeast of Toronto, 20 km north of the town of Minden and 5 km west of the village of Carnarvon.
The Hindon property appears to contain two significant areas of copper mineralization. The mineralization appears as disseminated and stringer chalcopyrite and bornite in gabbroic and anorthositic rocks. The copper mineralization appears to be hosted in a series of mafic rocks that could be volcanic or intrusive in origin and could be related to a broad fold in the rocks.
The copper mineralization on the Hindon Property occurs as disseminations and minor stringers of chalcopyrite and bornite within the gabbroic units of the MG section. To date two significant zones of mineralization have been identified and are called the West Zone and the East Zone. The West Zone is approximately 700 m long while the East Zone is 200 m long. The original sampling from the West Zone included samples from 11 pits which averaged 2.8% copper while samples from two pits in the East Zone averaged 1.6% copper. The limited drilling carried out by Dupal Mines in 1955 identified a shallowly dipping zone of copper mineralization with the best result averaging 1.2% Cu over 5.3 m. The geochemical results from previous analysis indicated that samples with very high copper values ( > 1%) also appeared to contain anomalous gold, silver, platinum and palladium. While none of the precious metals were found in economic levels there is a possibility that they could form "bi-product" values for any production of copper. The samples which contained high grade copper mineralization appear to have been collected from pits which were distributed over a distance of approximately 600 m in a north south direction.
Based on these favorable results, Therma-Med Inc. is in a good position to start exploration work to develop the Hindon copper property. Also, Joshua Suarez has stepped down and Zajays Trujillo will take over the daily operations.
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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.