Driven commences geophysics at Blackwater East
25 Juin 2012 - 3:00PM
PR Newswire (Canada)
TSX Venture Exchange: DVV Frankfurt Stock Exchange: DV1 VANCOUVER,
June 25, 2012 /CNW/ - Driven Capital Corp. ("Driven" or the
"Company") is pleased to report that ground geophysical surveying
has commenced at its Blackwater East project in the Nechako Plateau
region of central British Columbia. Peter E. Walcott &
Associates Limited commenced 27 line-kilometres of ground magnetic
and induced-polarization (IP) surveys on June 24 and is expected to
complete in approximately fifteen days. The survey will mainly
target a regional magnetic anomaly with coincident soil geochemical
anomalies identified during the 2011 field season. The soil
responses show elevated levels of zinc, silver, copper and lead, as
well as scattered high gold values in an area mainly underlain by
felsic and intermediate volcanic rocks and clastic derivatives.
Follow-up prospecting over the coincident anomalies has revealed
areas of moderate alteration with some included zones of
silicification. The results from the surveys, in conjunction with
the 2011 soil geochemical results, will dictate target selection
and help prioritize a proposed 2,000-metre drill program at
Blackwater East as announced on May 9, 2012. The BC Ministry of
Energy & Mines has circulated Driven's MYAB drill permit
application to other resource agencies and First Nations groups for
a period of stakeholder review that concludes on July 6. Driven's
100% optioned property adjoins the eastern and southeastern
boundaries of New Gold Inc.'s Blackwater Gold Project, which hosts
currently defined indicated resources of 5.5 million ounces of
gold, and additional inferred resources of 2.3 million ounces of
gold. New Gold plans to carry out over 200,000 metres of drilling
at Blackwater during 2012; please refer to New Gold Inc.'s news
release dated March 7, 2012 for more details. Lindsay Bottomer,
P.Geo., a Director of the Company, is the Qualified Person as
defined in National Instrument 43-101 who has reviewed the
technical content of this news release. Driven Capital Corp. is
deploying its accomplished technical and management team toward the
exploration of its portfolio of highly prospective precious metals
projects in the Yukon and British Columbia. On Behalf of the Board
of Directors of Driven Capital Corp. "Lindsay Bottomer" Lindsay
Bottomer, Director Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. Cautionary Statement
Regarding Forward-Looking Information: All statements, trend
analysis and other information contained in this press release
relative to markets about anticipated future events or results
constitute forward-looking statements. Forward-looking statements
are often, but not always, identified by the use of words such as
"seek", "anticipate", "believe", "plan", "estimate", "expect" and
"intend" and statements that an event or result "may", "will",
"should", "could" or "might" occur or be achieved and other similar
expressions. Forward-looking statements are subject to business and
economic risks and uncertainties and other factors that could cause
actual results of operations to differ materially from those
contained in the forward-looking statements. Forward-looking
statements are based on estimates and opinions of management at the
date the statements are made. The Company does not undertake any
obligation to update forward-looking statements even if
circumstances or management's estimates or opinions should change.
Investors should not place undue reliance on forward-looking
statements. Driven Capital Corp. CONTACT: please contact Toma
Sojonky, President & CEO, at (604) 569-0799,orvisit
www.DrivenCapital.ca
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