Nanaimo, British Columbia , Nov.10, 2005
World Ventures Inc. (OTC:BB: WVNTF) www.WorldVenturesInc.com
NEVADA'S GOLDEN BONANZA
Lapon Canyon Gold Mine. Target With $450 oz/Au – Estimated Annual Operating Profit- $22 million!
World Ventures Inc. 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 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 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 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 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 ½ 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 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, within the
meaning of the Private Securities Litigation Reform Act 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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