World Ventures Inc. Updates Projects; Nevada's Golden Bonanza.NANAIMO, British Columbia There are several federal and provincial electoral districts with the name Nanaimo. These are listed on Nanaimo (electoral districts) "Nanaimo" redirects here. For the SkyTrain station, see Nanaimo Station Nanaimo (IPA: -- Lapon Canyon Gold Mine. Target With $450 oz/Au -- Estimated Annual Operating Profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. -- $22 million! World Ventures Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :WVNTF) flagship property is located in the mining friendly State of Nevada. The Company's Lapon Canyon Gold project is one hundred miles south of Reno on the Walker Geological Trend. The Walker Trend has hosted historical gold producers such as the famous Comstock Lode Comstock Lode, richest known U.S. silver deposit, W Nevada, on Mt. Davidson in the Virginia Range. It is said to have been discovered in 1857 by Ethan Allen Grosh and Hosea Ballou Grosh, sons of a Pennsylvania minister and veterans of the California gold fields who silver/gold mine which is located to the north of Lapon Canyon. The Comstock Lode is one of the richest silver/gold mines ever found. The Esmeralda/Aurora mine also on the Walker Trend and to the south of Lapon Canyon produced from one bonanza Bonanza saga of the Cartwright family. [TV: Terrace, I, 111–112] See : Wild West vein one million ounces of gold from only one hundred thousand tons of rock. World Ventures consulting geologists have recommended a one million dollar program on the Lapon Canyon Gold project. The two phase program is designed to explore a large tonnage TONNAGE, mar. law. The capacity of a ship or vessel. 2. The act of congress of March 2, 1799, s. 64, 1 Story's L. U. S. 630, directs that to ascertain the tonnage of any ship or vessel, the surveyor, &c. open pit gold mine potential and an underground high grade gold mine potential. The Consulting Geologists' report on Lapon Canyon meets the requirements of regulatory agencies regulatory agency Independent government commission charged by the legislature with setting and enforcing standards for specific industries in the private sector. The concept was invented by the U.S. under National Instrument 43-101 reporting standards. Management's first target on the Lapon Canyon property is to verify a reported exploration underground target of 200,000 tons containing one ounce gold per ton of rock. Underground sampling of the "B" tunnel is reported in the 1930's to have one ounce gold per ton average across five feet and for a length of one hundred and sixty feet. In 1970 a sample taken in across the face at the end of tunnel "A" is reported to assay 20.6 ounces gold per ton. Should this target be confirmed exploration work will continue along an additional 1/2 mile of strike length. The gold zone also continues to depth. The initial work plan will consist of rehabilitating the underground tunnels, sampling and drilling. A hypothetical 200 ton per day mine of these grades should return $22 million operating profit at current gold prices. The Company to-date has not conducted any exploration work and no resource is currently known on the property and there can be no assurance that additional work will yield a resource. World Ventures Inc. has a lease/purchase agreement that provides for the Company to obtain 100% interest in the Lapon Canyon Gold property. The Company also owns 100% interest in the Triton gold property in the Cobalt area of Ontario. The property consists of approximately 1000 acres. A surface sampling program is to be carried out in November on the Triton project to fulfill ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. assessment requirements. Management is negotiating for mineral rights on a new project and as soon as this prospect is confirmed the Company will issue a news release. On behalf of the Board of Directors: Ray Carson; President Legal Notice Regarding Forward Looking Statements: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from acquisitions or actions in development are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results. |
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