Femin Inc.
Femin Inc.: FEMIN’S INITIAL 4,500 METRE DRILL PROGRAM IS NEARING COMPLETION WITH ALMOST 4,000 METRES DRILLED
Femin Inc. / Key word(s): Miscellaneous 05.10.2011 / 14:17 --------------------------------------------------------------------- Toronto - Femin Inc. (FRA-FJM) ('Femin') is pleased to announce that as of September 30, 2011 it had completed nearly 4,000m of drilling on the Febra Project in Bahia, Brazil. The addition of the second drill contractor, Geologica Sondagens Ltda, as detailed in our August 26, 2011 news release, has significantly increased the rate of drilling on the property. Phase One's 4,500m drill program is expected to be completed this month. Phase Two's 2,000m program is expected to be completed in November 2011. Febra's Phase Two drill program was created as a result of virtually all of Phase One's drill holes ending in the iron formation indicating that the deposit has further ore deeper originally understood. Phase One's hole lengths were scheduled to be 100 to 200 metres depending on the location. As our drill program progressed, management recognized that the iron formation went deeper than expected. With the opportunity to expand the resource further at depth, hole depths were increase to 250-300 metres in some instances. Phase Two's program allows for us to continue with the extended length holes without reducing the total number of holes drilled along strike. Femin Inc.'s Chairman and CEO Alexander Stewart was quoted 'We are very happy with the addition of Geologica Sondagens. They are drilling 24 hours a day and they are scheduled to complete their contract ahead of schedule. As a result our NI 43-101 (JORC) is expected to be on schedule for the fourth quarter of 2011.' ** END OF PRESS RELEASE ** About Femin Inc. Femin Inc. is a mineral exploration and development company located in Toronto, Canada. The Company was established in 2010 and its primary focus is the Febra Iron Project, which is a substantial iron deposit located in the State of Bahia, Brazil. Femin's management team has extensive experience in the exploration and development of mineral deposits all over the world. Femin Inc.'s shares (Wkn: A1H50Q / ISIN: CA31502Y1034) are listed for trading on the Frankfurt Stock Exchange, Open Market. This news release may contain certain forward-looking statements, expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to the management of Femin Inc. as of the date hereof, and actual results may vary based upon future events, both within and without the control of the management, including risks and uncertainties that could cause actual results to differ materially. Management does not take any responsibility to update the contents of this News Release in case new aspects arise or new conditions change the facts available. Femin Inc. 2500 - 120 Adelaide Street West, Toronto/Canada, M5H 1T1 For further information, please contact: Alexander Stewart, CEO Phone: (416) 644-1179 E-mail:astewart@femin.ca Stephen Stewart, VP Phone : (416) 644-1179 Email : sstewart@femin.ca Homepage: www.femin.ca End of Corporate News --------------------------------------------------------------------- 05.10.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 141333 05.10.2011
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