| World Ventures Inc.(OTCBB: WVNTF) Jersey-Emerald Royalty could have significant economic impact for |
|
|
|
News Release
March 16, 2006 Nanaimo British Columbia, Canada March 16, 2006 "The recent release of the Jersey-Emerald Royalty could translate to a windfall for the World Ventures. Inc. (WVNTF)" stated Ray Carson of World Ventures.
A recent Sultan Minerals press release explained. "The four new drill holes, together with the four previous holes discussed, have tested a block of molybdenum mineralization measuring 300 feet east-west by 200 feet north-south by 300 feet deep." The East Dodger molybdenum zone is now established for 3200 feet in length and 400 feet in width.
Molybdenum is used in alloys and in high-temperature steels. Molybdenum prices have increased from a low of about $2/pound in 2000, to about $40/pound in 2005. Currently the price of Molybdenum is at $25/pound. World Ventures Inc. currently holds 1.5% NSR in the Royalty on all metals produced in the South Eastern British Columbia Jersey-Emerald property.
Historic mine records note the occurrence of similar mineralization in mine workings as far as 2,000 feet west of the East Dodger zone and more than 600 feet to the south, suggesting a very large volume potential. Sultan Minerals the owner, operator of the Jersey/ Emerald reported on February 22nd that the recently discovered molybdenum deposit is expanding in all directions. Drilling will commence in March, 2006, and will initially involve drilling three surface boreholes located approximately 2,000 feet west of the East Dodger area. World Ventures Inc. notes that in addition to the molybdenum deposit significant lead, zinc, gold, silver and tungsten deposits have been mined from this property in the past. Management of World Ventures Inc., believe that the Jersey-Emerald Royalty Interest could have a significant economic impact on the Company.
|
| < Prev | Next > |
|---|



