Active Growth Capital Commences Work Program on Bohan and Grants Options
03 9월 2011 - 4:14AM
Marketwired
Active Growth Capital Inc. (TSX VENTURE: ACK) is pleased to
announce that an exploration program has begun for the Bohan
Property located 20km northeast of Creston in the East Kootenay
region of British Columbia. The program has been separated into
three phases with each subsequent phase being conditional on
favourable results from the preceding phase.
The property is prospective for Pb/Zn SEDEX and Manto style
replacement mineralization. Phase I diamond drilling program is
targeting a, previously un-tested, coincident lead & zinc soil
anomaly. Supported by helicopter, the program is planned for 600m
of drilling in 3 holes, and expected to take 10 days to complete.
The property is favorably located with respect to power and rail
infrastructure. TerraLogic Exploration Inc., based out of
Cranbrook, B.C., is operating the project on behalf of the
Corporation.
If results of this exploration program are positive, information
collected will be used to identify new targets for more diamond
drilling.
Technical aspects of this news release are approved by Dave
Pighin, P.Geo. hereby identified under NI 43-101 as a "Qualified
Person".
Options
The Corporation also announces that it has granted incentive
stock options to certain directors and officers of the Corporation
to purchase up to 900,000 common shares in the capital of the
Corporation (the "Shares") pursuant to an approved share option
plan. The options are exercisable at a price of $0.16 per Share and
have a term of five years. The grant of options is subject to TSX
Venture Exchange approval ("TSXV").
Acquisition
The Corporation also wishes to announce that the TSXV approved
the Corporation's acquisition disclosed in its June 13, 2011 press
release.
About Active Growth Capital
Active Growth is a TSX Venture Exchange listed junior mineral
exploration issuer whose long-term objective is to build a
diversified company focused on the acquisition, exploration and
development of mineral properties. Additional information about the
Company is available on SEDAR at www.sedar.com.
Statements made in this news release that relate to future
plans, events or performances are forward-looking statements. Any
statement in this news release containing words such as "believes",
"plans", "expects" or "intends" and other statements that are not
historical facts are forward-looking, and these statements involve
risks and uncertainties and are based on current expectations.
Consequently, actual results could differ materially from the
expectations expressed in these forward-looking statements.
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 news release.
Contacts: Martin Tremblay President and CEO 514-508-1440
Active Growth Capital Inc. (TSXV:ACK)
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