Acadians Regional Till Survey Identifies Several New Gold Anomalies on Prospective FMS Trend in Nova Scotia

Trading Symbol: ADA:TSX

HALIFAX, Nov. 21, 2011 /CNW/ - Acadian Mining Corporation ("Acadian" or "Company") (TSX: ADA) is pleased to report on results from a regional till survey conducted along the FMS Trend in Nova Scotia, Canada.

The FMS Trend is an extensive structural-stratigraphic belt that hosts the Company's Fifteen Mile Stream and Beaver Dam gold deposits, as well as the Moose River project held by third parties, and is considered prospective for discovery of additional bulk minable gold deposits. The extent of the FMS Trend and the areas selected for till sampling are reflected in high-resolution aeromagnetic data previously acquired by Acadian.

The survey area covered approximately 15,250 hectares and included over 1,000 samples. The results of the till survey were successful in identifying several new gold anomalies that require evaluation. Follow-up work will include infill confirmation sampling, further sampling in the up-ice direction of anomalous areas and trenching, depending on the strength of the anomaly. Of particular note is an area of anomalous gold grains in the Northeast Zone of the Beaver Dam deposit that possibly represents mineralization displaced across the Mud Lake Fault. Diamond drilling is scheduled in this area in 2012, in an effort to expand the strike extent of the Beaver Dam gold deposit. In some areas, gold grain anomalies extended to the up-ice boundaries of Acadian claims; therefore, additional licences have been staked in these areas.

Till sampling is considered to be an effective method to evaluate the FMS Trend for sub-cropping mineralization as the area is blanketed by till, with only minor bedrock exposure. Indeed, several orientation surveys conducted by the Nova Scotia Department of Natural Resources, previous exploration companies and Acadian have demonstrated the effectiveness of till sampling in identifying bedrock gold mineralization in Nova Scotia.

Till samples consist of approximately 10 kilograms of C-horizon till collected at stations spaced approximately 150 metres along strike and 300 metres across strike. Gold grain analysis of the till was completed by Overburden Drilling Management, located in Ottawa, where gold grains are extracted, counted and their morphology classified as pristine, modified, or rounded. The grain morphology classification provides an assessment of the relative dispersal, with pristine grains indicating minimal dispersion from a bedrock source. Information on till type and composition is recorded at each station, and considered along with the number of gold grains and their morphology in the overall interpretation.

Qualified Person
Richard Horne, M.Sc., P.Geo., Chief Geologist of Acadian, is a Qualified Person as that term is defined in National Instrument 43-101 and has reviewed and approved the technical information contained in this news release.

Forward Looking Statement
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 31, 2011, which is available at www.SEDAR.com. Acadian's forward-looking statements are expressly qualified in their entirety by this cautionary statement.

About the Corporation
Acadian is a Halifax, Nova Scotia, Canada based company with five advanced gold projects, all of which host National Instrument 43-101 compliant resources. The Corporation also owns barite properties on Cape Breton Island, Nova Scotia. Acadian's primary focus is centered on exploration and development of its core gold deposits in Atlantic Canada, namely the Fifteen Mile Stream and Beaver Dam Projects.

For additional information on Acadian's properties and activities, please visit our web site at: www.acadianmining.com.

No regulatory authority has approved or disapproved the contents of this news release.

 

SOURCE ACADIAN MINING CORPORATION

For further information:

Grant Ewing, President and Chief Executive Officer
(902) 444-7779 or Toll Free: (877) 444-7774
mail@acadianmining.com
Halifax, Nova Scotia

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ACADIAN MINING CORPORATION

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