Super Nova Minerals Corp.: Acquisition of Preissac Property
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 2, 2012) - Super Nova Minerals Corp. (CNSX:SNP) (the "Company", or "Super Nova") is pleased to announce Wolf Wiese, CEO of Super Nova, announces the signing of an option agreement for the 456 hectare or 1127 acre Preissac Property located in the Rouyn-Noranda -Val d'or mining camp in Northwest Quebec.
The Rouyn-Noranda -Val d'or area is known for its numerous gold deposits. The immediate surroundings of the Preissac Property are characterized by the presence of a number of molybdenum-bismuth and Nickel showings. The Property is 4 km west of the Company's Marbridge Property, which has a current 43-101 Technical Report that recommends ground geophysical surveys followed by drill testing. The historic Marbridge Nickel Mine, which produced approximately 703,000 tons grading 2.28% nickel between 1962 and 1968, is less than 1 km west of the company's Marbridge Property. The Preissac Property has a historic resource containing 123,830 tons of mineralization grading 0.65% nickel. This is a historic resource and is not National Instrument 43-101 compliant and does not meet any of the categories for a resource and as such this information should not be used for investment decisions.
The geological settings and history of the Preissac Property show that four different types of mineralization can be expected Gold, Nickel, Platinum and Molybdenum.
The Terms of the deal are $30,000 cash and 1,450,000 common shares of the Company. There is no underlying Net Smelter Royalty and no property expenditure commitments.
This news release has been reviewed by Michael Dufresne, MSc, P. Geol. and qualified person under National Instrument 43-101.
On behalf of the Board of Directors:
SUPER NOVA MINERALS CORP.
Wolf Wiese, President/Chief Executive Officer
THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. THIS DOCUMENT CONTAINS CERTAIN FORWARD LOOKING STATEMENTS WHICH INVOLVE KNOWN AND UNKNOWN RISKS, DELAYS, AND UNCERTAINTIES NOT UNDER THE COMPANY'S CONTROL WHICH MAY CAUSE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE, OR ACHIEVEMENTS IMPLIED BY THESE FORWARD LOOKING STATEMENTS. WE SEEK SAFE HARBOR.
FOR FURTHER INFORMATION PLEASE CONTACT:
Super Nova Minerals Corp.
Chief Executive Officer