Pro Minerals Inc.

Pro Minerals Inc.

February 16, 2010 14:57 ET

Pro Minerals Acquires the "Discovery Lake VMS Project"

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 16, 2010) - Pro Minerals Inc. (TSX VENTURE:PRM) and its Board of Directors are pleased to announce the acquisition of the "Discovery Lake Project". Over the past several months, Pro has confidentially undertaken a very extensive staking and acquisition campaign that has resulted in the securing of a highly prospective, and underexplored volcanogenic base metal massive sulphide (VMS) belt. The Discovery Lake Project is located in the East Uchi – Petawanga Lake area of Ontario, Canada. At present, Pro minerals is the only active mining company in this belt and the land package encompasses 34 claims, or 11,944 Acres. It spans roughly 16.2 kilometers North to South and 12.4 kilometres East to West. The primary target commodities within the Discovery Lake Project are copper, zinc, gold and silver.

President/COO Adrian O'Brien states: "As the market observes the tremendous successes achieved by companies pursuing VMS projects of merit, some of which are also located in Northern Ontario, we believe that this is a huge step towards developing a brand new region for VMS discoveries. Now that the acquisition phase of the project has been completed, we intend to initiate a very aggressive initial exploration program shortly."

The Discovery Lake Project covers several VMS prospects with high potential for a significant VMS discovery containing silver and gold credits. Previous exploration carried out by Falconbridge in 1990 generated drilling targets from airborne and ground electromagnetic and magnetic surveying, geological mapping, trenching and sampling. Noranda Mining and Exploration flew an airborne E.M. survey covering the South Main area in 1995. Pro Minerals has obtained all data of the above which was completed by Falconbridge and Noranda Exploration in the 90's. These reports indicate that base metal (copper & zinc) values are significant with precious metal mineralization also highly anomalous. Silver values range from tens to hundreds of grams per ton and gold assays to 2 grams per ton. Seven significant zones of mineralization were outlined, of which five were drill tested to a maximum depth of 150 meters. There are many additional showings with good copper, zinc, silver and gold values that still need ground follow-up. All drill holes have been capped and identified in the field. All drill core from both the Falconbridge and Noranda Drill campaigns is stored at Discovery Lake and Auger Lake. Strong hydrothermal alteration is present in all mineralized occurrences. Alteration indices, commonly used by the exploration industry, confirm the alteration is hydrothermal in origin. Plotting of the alteration data indicates most of the previous drilling was targeted towards the weaker areas of alteration. Broad areas of strong alteration remain untested. Mineralization to date appears to be remobilized due to metamorphism suggesting the main lenses of sulphide accumulation have not yet been encountered. Pro intends to revisit the previously identified targets, and taking into account the previous programs' deficiencies, exploit their full potential.

The mineralization occurs as pods and fracture controlled stringers of chalcopyrite and sphalerite. The known base metal occurrences have characteristics typical of VMS deposits in terms of mineralogy, associated hydrothermal alteration and geophysical signatures. The alteration zones are enriched in copper and zinc (ppm to % levels) and vary from stringer style to pipe or lense styles. It appears that none of the previous exploration companies on the property assayed for gold in any systematic manner. Entire drill holes were never assayed for gold and gold intersections that were obtained received no follow-up work. In addition, geophysical anomalies with base metal type signatures are present along strike from the known occurrences and remain to be drill tested. Significant drill intersections all appear to be enclosed by envelopes of highly anomalous base metal values.

Any assay results or geological information shown in this news release are pre-National Instrument 43-101 and are therefore not compliant with National Instrument 43-101 requirements. Pro Minerals is not treating the historical results as accurate or current. Readers are cautioned not to place undue reliance on these historical results.

Pro Minerals invites the public to visit its website at or e-mail us at to be added to the Company's e-mail list for press releases and updates.


Adrian O'Brien – President/COO

Neither 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.

Contact Information

  • Pro Minerals Inc.
    W. Adrian Bakker
    604.608.6168 or Toll Free: 1.800.663.8990
    604.683.8903 (FAX)