Trading Symbol CIN-TSX.V
VANCOUVER, April 21 /CNW/ - Canadian International Minerals Inc
(CIN-TSX.V) is pleased to outline exploration programs that will be
conducted on five of its properties this season.
Nine potential drill targets have been defined from a review of airborne
geophysics and a compilation of all soil geochemistry and geological
mapping conducted by CIN, Commerce Resources Corp. (CCE-TSX.V) and Teck
Corp. Current planning includes diamond core drilling four of these
targets (A, B, C & D). Progression on targets will be determined by
Carbo Targets (see location map on web site):
900 by 400 meter coincident airborne radiometric and magnetic anomaly
with elevated Barium and Europium soil geochemistry. Drill targets will
be further refined by geologic mapping and soil geochemistry as well as
sampling of fresh rock exposure from the access construction.
400 by 200 meter airborne radiometric anomaly. Barium soil anomaly with
elevated values for Europium, Praseodymium and Lanthanum.
Teck trenches (1987) with coincident airborne radiometric and cerium
soil geochemical anomalies.
Teck trenches (1987) with coincident airborne radiometric anomaly.
300 by 300 meter airborne radiometric anomaly with Barium and elevated
Europium soil geochemistry.
Northwest and adjacent to target B. Immediately east of and adjoining
Spectrum's drilled off zone. Favourable airborne radiometrics and
elevated Barium geochemistry.
Area of last season's drilling. Follow up diamond drilling on discovery
Strontium and Cerium soil geochemical anomalies. Further soil sampling
and geological mapping required before drilling.
Strontium and Barium soil geochemical anomalies. Further soil sampling
and geological mapping required before drilling.
Allnorth Consultants Ltd. has prepared and submitted a permit
application for approximately 5 km of exploration access. This access
is included in CIN`s Notice of Work amendment which provides for 30,000
meters of diamond drilling and has been submitted to the Ministry of
Energy, Mines and Petroleum Resources, BC. Ecofor Consulting Ltd. has
been retained for baseline environmental and archeological studies.
Once permits are granted, Duz Cho Construction LP and Duz Cho Logging
LP will begin access development. The Duz Cho group of companies is
owned by the McLeod Lake Indian Band.
Mineralogical studies are ongoing under the supervision of Dr. Anthony
Mariano and Professor Lee Groat.
The Carbo Property comprises 7 claims totaling 2,778.63 hectares in
area, and is accessible by all weather gravel roads. It is
approximately 80 km north east of Prince George, BC, and is currently
held in a joint venture with CIN holding 75% and Commerce Resources
Corp. holding 25%.
Late in 2010, CIN completed approximately 2 km of exploration access to
historic trenches that were excavated in 1986 by Unocal (Molycorp), and
to previously unexplored radiometric anomalies identified in the 2010
airborne geophysical survey. Commencing early in May, initial work will
include cleaning out old trenches and extending them prior to
systematic sampling. Trenching of the new radiometric anomalies will
provide further sites for sampling. Upon location and prioritization of
targets, diamond drilling will commence.
The Deadhorse Creek Property (DHC) comprises of 218 mineral claims in 8
blocks covering 1,861 hectares in Grain and Walsh Townships. The
property covers favorable geophysical features and geology known to
host strategic metals such as Zirconium, Hafnium and Rare Earths.
The Prairie Lake North/South Property comprises 218 mineral claims in 16
claim blocks covering 3,504 hectares in Killala Lake and Cairngorm Lake
Townships. The Prairie Lake West Property comprises 37 mineral claims
in 3 claim blocks covering 592 hectares in Killala Lake Township.
Field work conducted by the vendor and confirmed by CIN has located
multiple new occurrences of alkaline rocks with significant REE values
as well as elevated radiometric signatures. These locations will be
trenched and sampled during a program also expected to begin in early
May. This program is based on the model of high grade REE deposits that
are known to occur on the periphery of large carbonatite systems
(Prairie Lake Carbonatite). CIN is planning a closely spaced airborne
radiometric and magnetic survey which is expected to be completed in
June. Previous similar surveys have been very successful as a cost
effective method in establishing high priority targets for ground
These properties are readily accessible by the principal Deadhorse Creek
mainline logging road and are approximately 20 km north of CIN's DHC
property and adjacent to its KM 23 property.
An induced polarization geophysical survey is planned for this season.
The survey will cover prospective areas identified by an airborne
magnetic EM survey completed in 2009. The Copper Mountain project
directly adjoins the 35,000 tonne per day Similkameen copper mine
(Similco - currently under development by Copper Mountain Mining
Corporation - CUM-TSXV) which will enter into full production in June
of this year at a cost of $438 million. Measured plus indicated
resources at Similco are 518.6 million tonnes containing 3.226 billion
lbs of copper and 390.7 million tonnes of inferred resource containing
1.758 billion lbs of copper for a total of 4.984 billion lbs (Giroux
2009). CUM have been conducting exploration and development drilling
outside their delineated deposit and have defined two new copper,
silver, gold zones known as the Oriole and Rifle. The Oriole is
approximately 1500 meters northeast and the Rifle is 1500 east of CIN`s
property. On completion of the geophysical survey, CIN will consider
several serious joint venture offers that it has received to fund a
diamond drill program.
TREASURE MOUNTAIN SILVER
CIN has acquired 100% by staking 19 claims totaling 8,066.77 hectares in
the emerging Treasure Mountain silver camp in south western British
Columbia. The claims cover favourable geology similar to, and adjoin
the Treasure Mountain silver mine on 3 sides. The mine is being put
into production by Huldra Silver Inc. (HDA-TSXV) at a rate of 200
tonnes per day. HDA is also applying for a 9500 meter diamond drill
permit to expand resources. Current indicated resources are 33,000
tonnes of 26.682 oz/t silver, 4.16% lead and 3.8% zinc. Total inferred
resources are 161,000 tonnes of 24.25 oz/t silver, 2.48% lead, and
3.86% zinc. This may be expressed as 4.78 million ounces of silver,
11.830 million lbs of lead and 16.47 million lbs of zinc in both
categories. A shipment of 390.73 tonnes to Teck Corp.'s Trail smelter
in 1988 was reported to run 87.77 oz/t silver, 31.3 % lead and 6.9%
zinc. (Ostensoe, Giroux, Beaton, 2009). These figures for Treasure
Mountain are from historical data and therefore not NI 43-101
CIN is presently negotiating with a joint venture partner to undertake
an airborne magnetic EM survey this summer with ground proofing of
targets to follow.
CIN has abandoned its claims at Cinder Lake in Manitoba. Uncertainty in
permitting for early stage exploration combined with a very limited
summer exploration season resulted in a management decision to deploy
our resources in more favorable jurisdictions.
CIN has granted under its stock option plan, options to purchase up to
2,750,000 shares to its directors and consultants for a period of five
years at a price of $0.21, subject to the approval of the TSX Venture
Mr. Tor Burland, P.Geo., M.Sc., is a Qualified Person pursuant to NI
43-101 and has read and approved the technical disclosure contained in
this news release.
ON BEHALF OF THE BOARD
Michael E. Schuss
President and Chief Executive Officer
"Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release."
SOURCE Canadian International Minerals Inc.
For further information:
on Canadian International Minerals Inc. please visit the Company website at www.cdnintlminerals.com or call Jeff Flowerdew at 604-669-9330