Carbo Drilling Confirms Significant Rare Earth Mineralized Alkaline Intrusive System

Trading Symbol CIN-TSX.V

VANCOUVER, Nov. 29, 2011 /CNW/ - Canadian International Minerals Inc (CIN-TSX.V) is pleased to announce that it has finally received  the complete analytic results for the 2011 drilling, which have confirmed the presence of a widely dispersed carbonatite system, with extensive rare earth element (REE) mineralization on its 100% owned Carbo property.

The 2011 diamond drilling focused on Targets, A, C, and D as outlined in our news release dated April 21, 2011. These targets were defined by distinct airborne magnetic and radiometric anomalies, coincident rare earth element (REE) and pathfinder soil geochemical anomalies, and newly mapped carbonatite surface exposures. Two holes each tested Targets C and D and they were successful in confirming two new rare earth mineralized carbonatite systems. The table below includes the better sections from substantially larger anomalous REE intercepts and elemental analyses are combined into the generally accepted total rare oxide values (TREO).

Hole # From To Interval % TREO % Sr
CA-11-011 126.0 186.3 60.3 0.33 1.03
Including 146.7 151.0 4.3 0.49 2.25
Including 154.0 184.8 30.8 0.40 1.21
Including 163.4 173.2 9.8 0.57 1.51
           
CA-11-014 116.2 139.5 23.3 0.26 0.96
and 148.0 172.6 24.5 0.26 1.07

Targets C and D are 3 km, and 4 km, respectively, south east of Spectrum Mining Corps (Spectrum) Wicheeda REE deposit. Spectrum (a private company, and therefore not required to comply with N.I. 43-101 standards) reported from their 2008/09 drilling a potential 11.3 million ton resource averaging 1.95% total REEs. Select drill hole intersections from that program included 48.64 meters of 3.55% combined Rare Earth Elements (REEs), 144 meters of 2.2% combined REEs, and 72 meters of 2.92% REEs (Graf, Lane, Morrison, 2009). All intersections reported by Spectrum were collared in mineralization, and the cited assays are reported as total elemental REEs, significantly understating REE oxide content.

Other holes were drilled on A Target over a broad area which returned analyses up to 0.52% TREO over 1 m.  Permitting delays for ground access construction in time for drilling this year necessitated the undertaking of a helicopter supported program with consequential increased costs and limited choice of targets. Future programs with adequate ground access will allow for optimization of drill targets through mechanical trenching and bedrock exposure.

CIN is currently compiling data from this year's exploration together with that of earlier programs, including assessment reports from Spectrum`s and other adjacent properties that have recently been released to the public domain. This year's program has substantially advanced our understanding of the geology and localization of potential economic REE mineralization in the Wicheeda/Carbo Carbonatite field.

Significant strontium and barium enrichment intercepted in this year's drill program is currently under study as a potentially economic target. Strontium, though not classed as a REE is used extensively in  the manufacture of high strength magnets and has many properties similar to REEs such as Neodymium and Samarium, which are two of the REEs currently in highest demand. The worlds largest strontium producer is Solvay Group, a Belgian company which is one of the worlds largest chemical groups and has recently acquired Rhodia, a French multinational chemical company which is the largest REE processor outside of China.

CIN has a multi-year drill permit for up to 30,000 meters at the Carbo property, and is now also permitted for surface accessed drilling.

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, a major provincial regional centre for mining, construction and logging industries. The project is approximately 40 km east of B.C. Hydro`s major electrical corridor and within 45 km of CN Rail's northern B.C. trunk line with connections to all of North America and the major ports of Prince Rupert and Vancouver.

Canadian International Minerals Inc. director Tor Bruland, P. Geo., who is a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information in this news release.

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:

CANADIAN INTERNATIONAL MINERALS INC.
Suite 1130 - 789 West Pender Street
Vancouver, BC, V6C 1H2
Tel: 604-241-2254  Fax: 604-669-9335

www.cdnintlminerals.com

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Canadian International Minerals Inc.

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