Therma-Med, Inc. Signs LOI in Ag/Zn/Pb Mineralized Property in B.C. |
| Therma- Med broadens it's horizons with interest in silver |
Therma-Med (USOTC:THRA)
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THRA NEWS:May 20, 2011, 8:00 a.m. EDT
Therma-Med, Inc. Completes LOI and Secures Silver Property in B.C.
TORONTO, May 20, 2011 (MARKETWIRE via COMTEX) -- Therma-Med, Inc. (pinksheets:THRA) ("the Company") has announced today that it has entered into a definite agreement to earn a 49% interest in Ag/Zn/Pb hosting mineral claims, situated in the Mining Division of Slocan, B.C., Canada. Therma-Med, Inc. has completed all due diligence on the property claim and has decided to move forward in securing its place in the mining industry. Ms. Trujillo will be actively assisting in guiding THRA into this direction and properly evaluating the company's strategy and work outline for the new property.
ABOUT THE PROPERTY: The Slocan Area of Southern BC is famous for production of silver (it's called the "Silvery Slocan"). The Slocan Mining District has produced more than 24 million ounces of silver since the first discoveries in the late 1800s transformed this scenic wilderness into the silver-mining center of Western Canada. Exploration and mining have continued to the present and a neighbour to the company's property has a fully permitted and operating silver mine and mill. The property is of interest as a high potential host to economic precious and base metal mineralization including gold, silver, lead and zinc. Historical work and present operations in the area have greatly enhanced the potential of this property. Past activities on the property and neighbouring area have included the production of gold, silver, zinc and lead. Reported production has been obtained from the Wellington -- 3.6 million grams silver (117,450 oz.) and the Highland Surprise -- 51,000 g gold deposits. Other smaller amounts have been reported from 10 other areas on the property. Also within the vicinity of the property is the Whitewater Mine. This mine, located 1 kilometre south of the property, produced 260,542 tons of ore containing 1435 oz gold, 3,152,130 oz silver, 28,017,903 lbs lead and 36,260,370 lbs zinc during the period 1892 to 1945. The property is located in the Slocan Area of BC just the north side of Highway 31A, approximately midway between New Denver and Kaslo, but a small part extends to the south of Kaslo Creek.
The Slocan area has had a history of exploration dating back to the turn of the century. Lead, zinc, and silver mineralization hosted by units of the Slocan Group sediments has received the greatest exploration effort to date. Exploration in the area of the claims resulted in numerous discoveries, one of the largest being the Whitewater Mine. This mine, located just to the south of the property, produced 260,542 tons of ore containing 1435 oz gold, 3,152,130 oz silver, 28,017,903 lbs lead and 6,260,370 lbs zinc during the period 1892 to 1945 for an average of 12 oz/ton silver, 5.4% lead and 1.2% zinc. The ore bodies were found adjacent to a thrust fault zone within slate and limestone of the Slocan Group. Previous reports targeting this area indicate that exploration work has been conducted in the immediate distance of the property during the period from 1970 to 1990 but the fragmented nature of the holdings hampered systematic exploration. Close proximity to all, historically considered as a main ore deposit, offers excellent potential for a significant deposit to be found and developed. Newest reports on the property based on the heavy mineral and stream sampling exposed significant presence of silver and gold anomalies. Some of the silver results appear to be related to known silver (lead, zinc) mineralization but there are at least two new anomalies discovered that suggest areas for follow-up. The presence of anomalies for gold is noted in five sample locations including samples from the drainage that includes the known gold mineralization of the Highland Surprise. This result means that there can be some confidence that other areas with similar gold anomalies should be further examined. The remaining gold anomalies include the contact area between the Kaslo Volcanics and the Slocan Group which appears to be of interest based on known mineralization. Same report confirms newly discovered mineralization: the presence of very high silver with lead and zinc from an area of gossanous quartz veining in shale and limestone which has never been mined and may be a new discovery that is particularly interesting since this area has not been mined in the past.
Based on the favourable results of the previous mining operations in the surrounding area, a decision was made to begin an immediate review of all relevant data and previous studies to maximally compress the time frame required to finalize development plans for the properties, and start the exploration program to precisely define mineralized resource and possible reserves definition. The Company's Director, Zajay Trujillo, states, "The timing for this set of operations is perfect, our technical team is very eager to start with exploration work that develops the potential for high-grade mineralization on our acquired mining properties. As well, this is an exciting opportunity for our company to boost value to our shareholders."
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 Contact
SOURCE: Therma-Med, Inc.
THRA NEWS:May 27, 2011, 8:03 a.m. EDT
Therma-Med, Inc. Commences Exploration Work on Its Mining Property in B.C.
TORONTO, May 27, 2011 (MARKETWIRE via COMTEX) -- Therma-Med, Inc. (pinksheets:THRA) ("the Company") is pleased to announce plans to commence its working program on its Ag/Zn/Pb hosting mineral claims, situated in the Mining Division of Slocan, B.C., Canada.
Based on historical data that outlines numerous base and precious metal showings in the area of the property, the company has decided to follow a proven exploration approach focused in these areas of showings. The company stands firm on its course to perform a systematic modern exploration program proximate to highly prospective former high grade silver deposits. This exploration stage is to define future exploration targets.
The company's technical team is ready to start with the initial phase of exploration work which includes a detailed geological mapping of the exploration area, with particular attention to the locations following the Northwest-trending belt of sedimentary rocks called the Slocan Group in proximity to current and historic mining sites. The mapping will be followed by heavy mineral and rock sampling, collection of stream sediment and further examination of our property for known mineral showings.
The Company's Director, Zajay Trujillo, states, "The current market environment is working favorably for the company plans and we are positioning ourselves to secure a strong future growth for the company and its shareholders."
We will update our shareholders in the near future, please visit our new website at www.therma-medinc.com .
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 Contact
SOURCE: Therma-Med Inc.
http://www.therma-medinc.com
something getting ready to happen on this .0001 new Q filed 14 days ago-read it--very low float and low authorized-good luck- http://www.otcmarkets.com/financialReportViewer?symbol=THRA&id=62291
something getting ready to happen on this .0001 new Q filed 14 days ago-read it--very low float and low authorized-good luck- http://www.otcmarkets.com/financialReportViewer?symbol=THRA&id=62291
.0002's are up!! .0001's are gone
something getting ready to happen on this .0001 new Q filed 14 days ago-read it--very low float and low authorized-good luck- http://www.otcmarkets.com/financialReportViewer?symbol=THRA&id=62291
radar for news very close all week--g/l
I bought this because-
just 96 million float
500 million resticted
and best of all-just 1 billion authorized, so many .0002 stocks have 5 to 30 billion
also the new Q the company filed 3 weeks ago says to me-something is about to happen good
with this outstanding shares we could see .01 or above on a couple great pr's
jmho
I bought this because-
just 96 million float
500 million resticted
and best of all-just 1 billion authorized, so many .0002 stocks have 5 to 30 billion
also the new Q the company filed 3 weeks ago says to me-something is about to happen good
with this outstanding shares we could see .01 or above on a couple great pr's
jmho
a clean shell with not much debt cost way more than THRA's measly 100k market cap at .0002-this should be at 5x that-even if they were a clean shell-which they are not--jmho
If I am reading the last Q 3 weeks ago correct-they are just 146k in debt with 150 assets? if so--very cheap at this pps. so many pinksheets are millions in debt. should NOT have to dilute to pay any debt!!! If I am correct!! yea baby!!!!!!!!!!---company said yesterday Q3 will be out shortly--g/l all
some thoughts-this company
1-has a very cheap market cap of just 100k at .0002 even if they had no business at all. it is still worth .0005 to .001 as a clean low debt trading shell.
2-has just 1 billion authorized-many many stocks have 5 to 30 billion! and can run up big on news.
3-has low debt of around 150k and a lot of stocks have millions of debt and have to dilute then reverse and dilute--NOT HERE WITH THIS LOW DEBT
4-has started to come alive and talking to investors.
5-has put their Q2 out around 3 weeks ago and now they say Q3 is on the way. very transparent to me.
6- has-put out investor newsletter being upfront by saying what the company is planning since the economy down turn- http://www.therma-medinc.com/Presidents_letter.html
7-has taken a great direction since commodities have sky rocketed the last couple of years- http://www.marketwire.com/press-release/therma-med-inc-announces-new-information-on-its-hindon-copper-property-ontario-canada-pinksheets-thra-1554129.htm
BOTTOM LINE TO ME IS-( This company could really run big on some good news with the current share structure they have.
AS ALLWAYS---JMHO
great news today!!! http://finance.yahoo.com/news/Therma-Med-Inc-Announces-iw-1999500347.html?x=0
THRA-at .0002-new Q came out late yesterday-link- http://www.otcmarkets.com/financialReportViewer?symbol=THRA&id=65464
HUGE COMPANY EMAIL! just now!!--Dear Investor,
To determine what is exactly in the ground the Company will need to do a drilling program. We can speculate and take recommendations for from our experts, who have estimated between 5-7 million pounds of copper on the property. We look forward to putting a work program in place that can confirm our exact numbers.
Regards
Management
at .0002-very undervalued! they have 17 to 24 million dollars in copper!!
This new management has done everything promised! 2 Q's were released like promised
web site update like promised
pr's started like promised
and they answer investos emails
this is just getting started! enjoy the ride up!!!!
they have 5 to 7 million pounds of copper on their property
