Worldwide Promotional Management Inc.
CNSX : WRL

Worldwide Promotional Management Inc.

September 21, 2011 08:30 ET

Worldwide Identifies Three Major Drill Targets at Fox Lake

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 21, 2011) - Worldwide Promotional Management Inc. (CNSX:WRL) -

Announcement Highlights:

  • Large anomaly in location of historic ore body
  • Easterly trending anomaly extending from and continuing below historic ore-body
  • Major and previously unknown anomaly identified beneath historic workings from 1200m to 2000m level

Worldwide Promotional Management Inc. ("Worldwide") is pleased to announce the successful completion and interpretation of the first ever deep penetrating modern geophysical program to be conducted at its Fox Lake Mine project in Manitoba.

During the month of June, Discovery International Geophysics Inc. successfully carried out an HT SQUID TDEM survey on a grid overlying the historic Fox Mine. A total of 25.25 km data was collected over 13 profile lines.

The SQUID survey was successful in collecting data for the entire grid and results show that conductors are evident along all profile lines. Modelling of the results have identified three parallel, east-west trending, steep north dipping conductors in proximity to the Fox Lake Mine including (1) a large shallow anomaly interpreted as the historic mine workings, (2) an easterly trending conductor at depth and (3) a major anomaly spanning a depth of 1200 to 2000 meters which has emerged as the primary drill target.

Modelling performed on the Fox Mine geophysical data indicates that the known ore body does extend deeper than what was previously mined (historical mine workings end at an estimated depth of 850 metres) and that deep buried conductive targets exist and represent a compelling opportunity for the discovery of additional VMS mineralization at depth.

Models of these results can be viewed on the corporate website.

As a result of the Geophysical interpretation, Worldwide management has defined multiple drill targets within the historic mining camp, along strike and to depths not yet explored at Fox Lake.

As a result of recommendations within the geophysical report, Worldwide has planned an initial program consisting of a minimum 2500 meters of Diamond drilling in three holes. Two shallow holes will be collared from both the east and west sides of the historic mine and are designed to test a large shallow copper target within and in proximity to the deposit walls. Each hole will be collared at a 45 degree angle and require 200 meters of drilling. Worldwide has concluded that the highest impact, priority drill target consists of the major signature identified at an approximate depth of 1200 meters that continues beyond the 2000 meter level. This conductor will be tested by a 2000 meter drill hole, collared at a 70 degree azimuth and positioned approximately 1000 meters north of the historic mine.

It is anticipated that this program will commence prior to year end and that two diamond drills will be utilized to simultaneously test both shallow and deep targets as quickly as possible.

Overview of the Fox Lake Mine:

  • One of Manitoba's largest historic VMS producers
  • Prolific production from 1970 to 1985 of 12Mt @ 1.82% Cu and 1.78% Zn
  • Excellent Infrastructure and access
  • Never explored beyond 1200 meter level

Carson Seabolt, President and CEO of Worldwide states, "This was the first ever modern, deep penetrating geophysical test conducted within the Fox Lake Camp. We are pleased that the results have revealed an exciting target beneath the historic mine that has the potential to result in the discovery of a major new ore body."

Additionally, further to Worldwide's news release of April 1, 2011 announcing the granting of stock options with an exercise price of $0.14 and a term of five years to various directors, officers and consultants to the Company, the directors of the Company have determined that it is in the best interests of the Company to cancel 500,000 options granted to a director of the Company for the purchase of up to 500,000 shares in the capital of the Company.

The Company invites current shareholders and potential investors to view its updated website at www.worldwidefoxlake.com.

Michael Moore, PGeo, is the qualified person who has reviewed the technical information contained in this news release on behalf of the Company.

About Worldwide

Worldwide is presently focused on the exploration of the Fox Mine property in Manitoba, Canada. A total of approximately 12 million tons grading 1.82 % copper and 1.78% zinc was produced from the Fox Mine in the years 1970 to 1985. Worldwide is utilizing modern deep penetrating geophysical techniques to target new discoveries at depth and in proximity to the historic mine site. www.worldwidefoxlake.com

On behalf of the board of directors,

WORLDWIDE PROMOTIONAL MANAGEMENT INC.

Carson Seabolt, Chief Executive Officer

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company's listing of its common shares on the Canadian National Stock Exchange. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.

The CNSX has neither approved nor disapproved the information contained herein.

Contact Information

  • Worldwide Promotional Management Inc.
    Carson Seabolt
    Chief Executive Officer
    (604) 687 7130 ext 103
    www.worldwidefoxlake.com