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Canada Corp. (NWTT) Looks to Expand Exploration Portfolio With Platinum Mining Property
Press Release Source: NW Tech Capital Inc. On Friday March 4, 2011, 3:50 pm EST HENDERSON, NEVADA--(Marketwire - 03/04/11) - NW Tech Capital Inc. (PINK SHEETS:NWTT - News) (NW Tech Capital, Inc.) subsidiary Canada Corp. announced today that it's looking into expanding its exploration portfolio with a potential new deal.
Canada Corp.'s management announced on Feb. 3, 2011 (Mina Mar Marketing Group - Mina Mar GroupSupportSuite Help Desk Software) that it would continue to seek new mining ventures to expand its portfolio of properties with confirmed findings of precious metals.
A promising deal is now on the table with a platinum mining property located in Ontario, Canada. Platinum is extremely rare and is the most precious of all the precious metals. This unique opportunity has piqued Canada Corp.'s interest.
Newly appointed Vice-President Zdenko Vrba said: "This is a huge opportunity for us to grow the portfolio with more opportunities and more chances to succeed in the industry. We have radical plans for NWTT and feel that this platinum venture could fit in perfectly with our future plans for NWTT. NWTT will further implement its policy to explore properties located in geopolitically stable areas with confirmed mineral findings."
Canada Corp. will share updates on all details and new developments with investors shortly.
Posts: 119 | From: new york | Registered: Sep 2009
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NWTT Acquires New Mining Property With Historically Confirmed Findings of Platinum, Copper and Nickel
Email Print Companies:NW TECH CAPITAL INC Related Quotes Symbol Price Change NWTT.PK 0.00 +0.00
Press Release Source: NW Tech Capital Inc. On Friday March 18, 2011, 3:45 pm EDT HENDERSON, NEVADA--(Marketwire - 03/18/11) - NW Tech Capital Inc. (PINK SHEETS:NWTT - News) (www.nwtechcapital.com) is pleased to announce that it has executed an Option Agreement that grants the company 100% interest in a prolific platinum, copper and nickel-bearing property located in McConkey Township, Ontario.
After successfully completing the negotiation process, management decided to enter into an agreement that gives the company unrestricted rights to explore resources and reserves on what is known as the Caribou Property. The property comprises four claims with 34 units totalling approximately 680 hectares in McConkey Township. It covers the north and northwest portions of Caribou Lake, NTS 41 H/16. The area is located approximately 100 kilometres north of Parry Sound and approximately 290 kilometres north of Toronto.
The property covers a mafic intrusive complex known as the Caribou Complex that has been explored previously for copper and nickel mineralization. Government geologists reported significant platinum values on the property during past exploration work. The mineralization described to date in the Caribou Lake intrusive has been comprised of disseminated pyrrhotite and pyrite with variable amounts of chalcopyrite in norite or pyroxenite. The presence of this style of mineralization associated with large IP anomalies has also been noted by previous workers.
The Caribou Property has an interesting history of exploration, but it hasn't been explored adequately, especially not with modern exploration techniques that involve Systematic Platinum Group Element (PGE) analysis. NWTT looks forward to starting development that will allow the full potential of the property to finally be realized.
"The company is already at a stage where we are structuring the preliminary exploration programs," says NWTT Vice-President Zdenko Vrba. "All modern exploration techniques are in play, and the company will choose the exploration process that could precisely and quickly define targets for further exploration.
"Regarding the New Millennium gold property updates and filing will be made on OTC Markets shortly."
The company will provide further details as they become available on timely basis.
Posts: 43 | From: new jersey | Registered: Sep 2009
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