Solaris exits Canada for Switzerland with new CEO, board and spin-out plans
The company changed its board of directors and plans to spin out non-core assets La Verde, Capricho, and Paco Orco into a new company.
SPOKANE, WASHINGTON–(Marketwire – Aug. 30, 2011) – Josephine Mining Corp. (“JMC” or the “Company”) (TSX VENTURE:JMC) is pleased to announce a drilling update on the Turner Gold Project. The Company began its drilling campaign on May 28, 2011, see press release dated May 10, 2011. To date, JMC has completed a total of 9,565 feet through the drilling of eight (8) out of twelve (12) originally planned diamond drill core holes over the course of the summer. All of these eight drill holes have intercepted regions of mineralization. As discussed in the NI 43-101 report titled “Turner Gold Resource and Preliminary Economic Assessment”, the proposed drilling program “.will add confidence, and potentially add tonnage to the Turner Gold Deposit. These holes will provide information for a broad range of topics at Turner in addition to geology and assay information.” The information from the drill holes is being used to support the ongoing work for the permitting process. JMC’s environmental contractor JBR Environmental Consultants, Inc., continues to make positive progress on permitting issues. JMC’s geology team in Oregon has logged, split, sampled and sent off significant portions of this new core for assay and continually processes newly drilled core. JMC expects assay results in the near term, and will report results in future news releases on a rolling basis as those full assay data sets are received. For further information about the Company and its current drill program, please refer to the Company’s filings on SEDAR (www.sedar.com).
