Trading Symbol: ADA: TSX; ADAIF: OTCQX
HALIFAX, NS, Sept. 4, 2012 /CNW/ - Acadian Mining Corporation ("Acadian"
or the "Company") announces that it has filed on SEDAR a Technical
Report on an Updated Mineral Resource Estimate for the Company's
wholly-owned Fifteen Mile Stream Property dated August 29, 2012 (the
"Technical Report"). The Technical Report was prepared by Dr. Simon
Dominy FAusIMM (CP), FAIG (RPGeo), Executive Consultant, Snowden Mining
Industry Consultants Pty Limited and Richard Horne, M.Sc., P.Geo.,
Chief Geologist of Acadian. Dr. Dominy is an independent Qualified
Person in accordance with NI 43-101.
The updated NI 43-101 compliant mineral resource estimate for the Main
Zone (Egerton-MacLean Zone) of the Fifteen Mile Stream deposit is
308,000 ounces of gold in the inferred category with an average grade
of 1.6 g/t Au at a cut-off of 0.7 g/t Au.
Forward Looking Statements
Certain information regarding Acadian contained herein may constitute
forward-looking statements within the meaning of applicable securities
laws. Forward-looking statements may include estimates, plans,
expectations, opinions, forecasts, projections, guidance, or other
statements that are not statements of fact. Although Acadian believes
that the expectations reflected in such forward-looking statements are
reasonable, it can give no assurance that such expectations will prove
to have been correct. Acadian cautions that actual performance will be
affected by a number of factors, many of which are beyond Acadian's
control, and that future events and results may vary substantially from
what Acadian currently foresees. Discussion of the various factors that
may affect future results is contained in Acadian's Annual Information
Form dated March 29, 2012, which is available at www.SEDAR.com. Acadian's forward looking statements are expressly qualified in their
entirety by this cautionary statement.
About the Company
Acadian has several gold projects located in Nova Scotia, Canada.
Acadian's primary focus is centered on exploration and development of
its two core gold deposits, namely the Fifteen Mile Stream and Beaver
For additional information on Acadian's properties and activities,
please visit our web site at: www.acadianmining.com.
SOURCE: ACADIAN MINING CORPORATION
For further information:
Grant Ewing, President and Chief Executive Officer
(902) 444-7779 Toll Free: (877) 444-7774
Halifax, Nova Scotia
No regulatory authority has approved or disapproved the contents of this news release.