|Title||THRA Therma-Med, Inc.|
THERMA is a Colorado based junior resource company focused on the acquisition, exploration and development of precious and base metal mineral properties across Canada. Its objective is to identify and develop exceptional prospects, and in doing so, provide its shareholders with the potential for high return. The Company is listed on the OTC Exchange, symbol THRA.
Target selection focuses on under-explored and/or undervalued projects offering exceptional potential returns for modest investment, as in limited-cost initial drilling programs. Where prospects have been inactive for some time, or have seen inadequate exploration for reasons ranging from depressed metal prices to adverse political conditions, the Company will utilize recent advances in data management and deposit modeling in the re-evaluation and further exploration of such prospects.
Therma management believes that the coming months will be rewarding as results from recent drilling programs on four prospects acquired under this strategy will provide the basis for expanded exploration activities in the 2011 field season.
Therma Corporation is focused on the acquisition, exploration and development of precious and base metal mineral properties across Canada. Target selection concentrates on under-explored and/or undervalued projects offering the potential for exceptional returns for a modest initial investment.
The Company was established in 2009 to pursue sales in the Medical Thermal Imaging sector. Despite early progress, the year 2010 was met unexpected difficulties. However, the Company remains committed to the pursuit of creating and maintaining shareholder value. In April of 2011, the company re-evaluated its direction and deemed necessary to pursue other sectors for the benefit of its shareholders.
Over the course of the last five years we have seen a strong appreciation and attraction to precious metals and as such management determined that the Company should expand into exploration activities to include a range of North American mining opportunities.
|Market Value1||$400,000||a/o August 11, 2011|
|Shares Outstanding||379,843,636||a/o August 11, 2011|
|Float||178,870,433||a/o August 11, 2011|
|Authorized Shares||1,000,000,000||a/o August 11, 2011|
Therma-Med, Inc. Completes LOI and Secures Silver Property in B.C.
THRA NEWS:Therma-Med, Inc. Signs LOI in Ag/Zn/Pb Mineralized Property in B.C.
ABOUT THE PROPERTY:
The Slocan Area of Southern BC is famous for production of silver (it's called the "Silvery Slocan"). The Slocan Mining District has produced more than 24 million ounces of silver since the first discoveries in the late 1800s transformed this scenic wilderness into the silver-mining center of Western Canada. Exploration and mining have continued to the present and a neighbour to the company's property has a fully permitted and operating silver mine and mill. The property is of interest as a high potential host to economic precious and base metal mineralization including gold, silver, lead and zinc. Historical work and present operations in the area have greatly enhanced the potential of this property. Past activities on the property and neighbouring area have included the production of gold, silver, zinc and lead. Reported production has been obtained from the Wellington -- 3.6 million grams silver (117,450 oz.) and the Highland Surprise -- 51,000 g gold deposits. Other smaller amounts have been reported from 10 other areas on the property. Also within the vicinity of the property is the Whitewater Mine. This mine, located 1 kilometre south of the property, produced 260,542 tons of ore containing 1435 oz gold, 3,152,130 oz silver, 28,017,903 lbs lead and 36,260,370 lbs zinc during the period 1892 to 1945. The property is located in the Slocan Area of BC just the north side of Highway 31A, approximately midway between New Denver and Kaslo, but a small part extends to the south of Kaslo Creek.
The Slocan area has had a history of exploration dating back to the turn of the century. Lead, zinc, and silver mineralization hosted by units of the Slocan Group sediments has received the greatest exploration effort to date. Exploration in the area of the claims resulted in numerous discoveries, one of the largest being the Whitewater Mine. This mine, located just to the south of the property, produced 260,542 tons of ore containing 1435 oz gold, 3,152,130 oz silver, 28,017,903 lbs lead and 6,260,370 lbs zinc during the period 1892 to 1945 for an average of 12 oz/ton silver, 5.4% lead and 1.2% zinc. The ore bodies were found adjacent to a thrust fault zone within slate and limestone of the Slocan Group. Previous reports targeting this area indicate that exploration work has been conducted in the immediate distance of the property during the period from 1970 to 1990 but the fragmented nature of the holdings hampered systematic exploration. Close proximity to all, historically considered as a main ore deposit, offers excellent potential for a significant deposit to be found and developed. Newest reports on the property based on the heavy mineral and stream sampling exposed significant presence of silver and gold anomalies. Some of the silver results appear to be related to known silver (lead, zinc) mineralization but there are at least two new anomalies discovered that suggest areas for follow-up. The presence of anomalies for gold is noted in five sample locations including samples from the drainage that includes the known gold mineralization of the Highland Surprise. This result means that there can be some confidence that other areas with similar gold anomalies should be further examined. The remaining gold anomalies include the contact area between the Kaslo Volcanics and the Slocan Group which appears to be of interest based on known mineralization. Same report confirms newly discovered mineralization: the presence of very high silver with lead and zinc from an area of gossanous quartz veining in shale and limestone which has never been mined and may be a new discovery that is particularly interesting since this area has not been mined in the past.
Based on the favourable results of the previous mining operations in the surrounding area, a decision was made to begin an immediate review of all relevant data and previous studies to maximally compress the time frame required to finalize development plans for the properties, and start the exploration program to precisely define mineralized resource and possible reserves definition. The Company's Director, Zajay Trujillo, states, "The timing for this set of operations is perfect, our technical team is very eager to start with exploration work that develops the potential for high-grade mineralization on our acquired mining properties. As well, this is an exciting opportunity for our company to boost value to our shareholders."
* 468 North Camdem Dr
* Beverly Hills, CA 90210
* Website: http://www.therma-medinc.com
* Phone: 310-860-5103
Update Company Info
Reporting Status Alternative Reporting Standard
Deregistered a/o Feb 06, 2009
Audited Financials Not Available
Latest Report May 03, 2011 Quarterly Report
Regulatory Agency Not Available
Fiscal Year End 12/31
OTC Market Tier OTC Pink Limited
SIC - Industry Classification 8090 - Services-Misc Health & Allied Services, NEC
Incorporated In: CO, USA
Year of Inc. 1988
Employees 2 a/o Dec 31, 2009
Joshua Suarez President
* Formerly=Core International, Ltd. until 12-2008
* Formerly=Invercoal, Inc. until 4-07
* Formerly=First Light Resources, Inc. until 6-06
* Formerly=Chester Holdings, Ltd. until 11-05
* Note=3-02 company filed a petition under Chapter XI of the Federal Bankruptcy Code in the U.S. Bankruptcy Court for the District of South Carolina. 2002 Petition subsequently withdrawn. Company has no operations & no assets
Investor Relations Firm
THRA Security Details
Market Value1 $196,059 a/o Aug 10, 2011
Shares Outstanding 217,843,636 a/o Mar 31, 2011
Float 16,870,433 a/o Mar 31, 2011
Authorized Shares 1,000,000,000 a/o Mar 31, 2011
Par Value 0.00001
Shareholders of Record Not Available
Ex. Date Record Date Pay Date
* Capital Change=shs decreased by 1 for 25 split Pay date=04/02/2007.
* Capital Change=shs decreased by 1 for 100 split Pay date=12/31/2008.
* Capital Change=shs decreased by 1 for 500 split. Pay date=11/02/2010.
Short Selling Data
Short Interest 0 (-100%)
Jul 29, 2011
Significant Failures to Deliver No
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