Universal Ventures Intersects 6.5m of 1.3% Cu and 0.5m of >10 gm gold from the Gold River Copper-Gold Project
Universal Ventures Inc. (the “Company”) (TSX-V: UN) is pleased to announce the receipt of mineral assays from its TIB Copper-Gold project located near Gold River, B.C. The Company completed 36 chip samples on mineralization hosted by Triassic-Jurassic Karmutsen Group volcanic assemblages. The KJI showing is located 20km northeast of Gold River at approximately 1050m elevation. The showing is serviced by an excellent system of new logging roads.
Four distinct mineralized zones (1-4) or lenses occur over a length of 82m. Zone 2 is 2.5m south of Zone 1, Zone 3 is 44m southwest of Zone 1 and Zone 4 is 82m southwest of Zone 1. All sampling was conducted along the northern bank of the logging road leading to the main KJI showing. Assay results from this sampling program are as follows:
Main Zone (Zone 1)
3.5m @ 2.7 % Copper
- includes 0.5m @ >10 gms Gold
- and 1.0m @ 0.36% Vanadium
- and 1.5m @ 1.09 oz Silver
6.5m @ 1.3 % Copper
0.75m x 6.0m @ 3.34% Copper
2m @ 0.74% Copper
*The Company is in the process of sampling another 46m of Zone 4. The continuous sampling between zones 1-4 are anomalous for copper.
The Company is in the process of conducting 3D IP and Mag surveys over the KJI showing, and early results are encouraging. Also a soil survey will be conducted over the IP-Mag grid. Prospecting and mapping are proceeding. Results of these surveys should be available in the next couple of weeks. The Company has applied for a permit to conduct trenching and diamond drilling.
James A. Turner, P.Geo., a qualified person under NI 43-101, reviewed and approved the technical disclosures in this press release on behalf of the Company. – 2 –
The Company is a junior mining resource exploration company focused on acquiring mineral properties and exploring for economically viable mineral resources. The Company’s mineral property is located in British Columbia. For more information, please refer to the Company’s prospectus dated June 28, 2012 available on SEDAR (www.sedar.com).
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.