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TORONTO–(Marketwire -11/28/11)- Therma-Med, Inc. (Pinksheets: THRA.PK – News) announces that a comprehensive geological report on its Hindon Copper property located in Hindon Township, Ontario, Canada, has now been completed and was presented to the company’s representatives.
Field work on the property during the recent mining season included surface sampling performed by qualified mineral evaluation personnel. The purpose of the initial exploration phase was to locate and expose some historical pits created in the 1950s and to test the copper and associated mineral content of the property.
The Company is pleased to say that this report on the Hindon Copper property confirmed the average 2.31 % copper mineralization and found anomalous gold, platinum and palladium. Due to the presence of copper and other valuable minerals, further geological mapping, geochemical and geophysical surveys are warranted to develop new or refined exploration targets. The management team has confidence that the next exploration phase will expose existence of sufficient quantities of copper mineralization to warrant an expansion of their mining activities. More details about the report can be found on the Company’s web site.
CEO: “The report came back with very good results, and we are please that is has confirmed the historical findings in the area. We will follow up with the Geologist recommendation to move forward with the next stage of exploration.”
Safe Harbor: This press release contains statements, which may constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Therma-Med, Inc. with members of its management team as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
