Canwealth Minerals Corporation Files 14 Claims on New Site 10 Miles North West of Highland Gold

^{Published on 2011-12-20 03:26:38 - Market Wire}
 

Canwealth Minerals Corporation Files 14 Claims on New Site 10... -- NEW YORK and MONTREAL, Dec. 20, 2011 /PRNewswire/ --

NEW YORK and MONTREAL, Dec. 20, 2011 /PRNewswire/ --  Canwealth Minerals Corporation and partner ICBS Ltd., (OTCPK: ICBT),   announced today that it has filed mineral claims on 14 new claim block sites in Northern Quebec representing over 1944 acres.

The new site will be designated as Highland Gold 2. This location is about 10 miles north west of the highland gold property. It's orogenic in geology for gold as indicated by the latest government geological surveys.

The original Highland Gold Property is located in the Townships of Poirier and Dalet approx. 78 km north of Amos Quebec in the prolific Abitibi Greenstone Belt. The claim is 100% owned by Canwealth Minerals Corporation. It is comprised of 36 claim cells totaling 2024 hectares or 5002 acres. The 36 claim cells are located well within the Abitibi Green Stone belt zone of the Superior geological Province. This orogenic geological structure is considered a highly favourable site for exploration of gold and copper.

At the present time the company holds 8 Mining properties (262 Claim cells) in North Central Quebec's Abitibi region and South Western Quebec for a total of 37,794 acres under management and is 100% owned by Canwealth Minerals Corp.

Canwealth Minerals Corporation is a gold and precious metal mining company  has registered these claims with the Quebec government. The company is expected to start exploratory drilling this coming spring. The main thrust of the exploration will to be focused on sites that have a strong indication of precious minerals, such as Gold, Silver ,Platinum and REE ( rare earth elements ).

The company is expecting the new sites to be accessed this coming spring with initial geological reports expected by the fall.

The company's current strategic direction is, to seek out properties/claims known to have high value mineral targets which will lead rapidly to the advanced exploration and development stages.

ICBS will be providing management and  project funding.

CONTACT: Kelly Taylor, President & CEO
Email: [ info@canwealthminerals.com ] 
Tel: 514-932-4402

Legal Notice Regarding Forward-Looking Statements:

Safe Harbour: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbour created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of ICBS Limited, to be materially different from the statements made herein.

SOURCE ICBS Ltd.

RELATED LINKS
[ http://www.canwealthminerals.com ]