Universal Ventures Completes 2012 Field Program
Universal Ventures Inc. (the “Company”) (TSX-V: UN) is pleased to announce that it has completed an exploration program on its TIB Copper-Gold project located near Gold River, B.C. with very encouraging results in a new unexpected area that was opened up by recent logging roads.
The exploration program has included:
Mapping, prospecting and chip sampling on the new KJI showing of mineralization hosted by TriassicJurassic Karmutsen Group volcanics. The KJI showing is located in the southwest portion of the claim block, 20km northeast of Gold River at approximately 1050 meters elevation. The showing is serviced by an excellent system of new logging roads.
A geophysical program of 20 line kilometers of closely spaced 3D Induced Polarization surveys (IP) and Magnetometer surveys over the KJI showing, done by SJ Geophysics Ltd.,
Interpretation by E. Trent Pezzot, P.Geo. (Geosci Data Analysis Ltd.) of the August 2011 585 line km airborne geophysical survey completed over the property by Fugro Airborne Surveys
The Company has applied for a permit to conduct trenching and diamond drilling in the future when weather permits. James A. Turner, P.Geo., a qualified person under NI 43-101, supervised the exploration program and reviewed and approved the technical disclosures in this press release on behalf of the Company. Universal Ventures Inc. (TSXV-UN) is a junior mining resource exploration company focused on acquiring mineral properties and exploring for economically viable mineral resources.
For more information, please refer to the Company’s prospectus dated June 28, 2012 available on SEDAR (www.sedar.com). and to subsequent press releases.
ON BEHALF OF THE BOARD OF DIRECTORS
“Charalambos (Harry) Katevatis”
President & Chief Executive Officer
For further information, please contact:
Charalambos (Harry) Katevatis: 604-642-6175
Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains forward-looking statements. All statements, other than statements of historical fact, constitute “forward-looking statements” and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company’s strategy, plans or future financial or operating performance and other statements that express management’s expectations or estimates of future performance.
Forward-looking statements are generally identifiable by the use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. All such forward-looking information and statements are based on certain assumptions and analyses made by the Company’s management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results,level of activity, performance or achievements of the Company to be materially different from those expressed, implied by or projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include but are not limited to: risks related to the exploration and potential development of the Company’s projects, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, as well as those factors discussed in the sections relating to risk factors of the Company set out in the Company’s MD&A filed on SEDAR. There can be no assurance that any forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. Except as required by law, the Company does not intend to revise or update these
forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.