Exploration Program to begin.
Universal Ventures Inc. (the “Company”) (TSX-V: UN) announces that it has commenced an exploration program on its optioned TIB copper/gold porphyry property near Gold River, Vancouver Island B.C.
The company was granted an option to acquire a 100% undivided interest in 22 mineral claims situated in the Alberni Mining Division, British Columbia Property, subject to a 2% NSR.
Initially the company will focus on the “New Showing” Area where copper mineralization is exposed in volcanic rocks in a new logging road cut. Initial work will consist of sampling and an Induced Polarization (IP) survey.
Assay results will be reported at a time when analyses are completed. The work will be under the supervision of independent consultant James A. Turner, B.Sc. P.Geo. who prepared the NI 43-101 report for the company (available on SEDAR (www.sedar.com))
This press release has been prepared by Barry J. Price, M.Sc., P.Geo., Qualified Person for the Company.
ON BEHALF OF THE BOARD OF DIRECTORS
“Charalambos (Harry) Katevatis”
Charalambos (Harry) Katevatis
President & Chief Executive Officer
For further information, please contact:
Charalambos (Harry) Katevatis: 604-642-6175
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.