UNIVERSAL VENTURES INC ANNOUNCES:
Universal Ventures Inc. “Universal” or “The Company” is a junior mineral exploration company, engaged in the business of acquiring, exploring and evaluating natural resource properties. The Company is currently focusing its financial resources on exploration of the Tib copper and gold Property, situated near Gold River on Vancouver Island.
On March 8, 2011, the Company entered into an Option Agreement with Barry Price, M.Sc., P.Geo., who subsequently became a director of the Company, and his non-related partner Bill Howell P.Geo. of Princeton B.C. under which Universal can acquire a 100% interest in in 22 mineral claims ( 10698 hectares) situated in the Alberni Mining Division, British Columbia Property, subject to a 2% NSR to the vendors.
The property has two Minfile showings: Vanhall (MINFILE No 092E 050) and Heb (MINFILE No 092F 401)
Both showing areas have now been outlined by exploration over the past 50 years including prospecting, preliminary geochemistry, and an early (small) aeromagnetic survey covered the Vanhall area. The various assessment reports reflect two strongly mineralized areas suggestive of copper-gold (molybdenum) porphyry deposits. Neither showing has been drilled.
In 2011, a regional airborne geophysical survey was flown over the claim area. The survey comprised 576 line kilometers of surveys by Fugro Airborne Surveys (magnetic and radiometric) covering all but 3 new claims.
The property was inspected by our consultant, James Turner, P.Geo. who completed a NI 43-101 compliant technical report on the property in December 2011 (available on SEDAR). The company was listed on the TSX Venture Exchange in August 2012.
Initially the company will focus on the “New Showing” Area discovered in 2012, on the western slope of Trio Peak, where copper mineralization is exposed in volcanic rocks in a new logging road cut.
Initial work completed in late 2012 included mapping, sampling and an Induced Polarization (IP) survey. In 2013, when weather permits, the company intends to continue mapping and sampling the historical Minfile showings and drill the new copper showings.
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