Acadian Mining announces new resource estimates for the Getty Zinc-Lead Deposit adjacent to Scotia Mine



    
    Trading Symbol: ADA:TSX; C2Z-Frankfurt
    Shares Outstanding: 153,357,907
    

    HALIFAX, Sept. 12 /CNW/ - Acadian Mining Corporation (ADA:TSX) ("Acadian"
or "Corporation") is pleased to announce new resource estimates (Table 1) for
its 100% owned Getty Zinc-Lead Deposit in Nova Scotia. The resource estimates
were prepared by Mercator Geological Services Limited, independent consultants
to Acadian, and comply with Canadian Institute of Mining, Metallurgy and
Petroleum Standards on Mineral Resources and Mineral Reserves: Definitions and
Guidelines and disclosure requirements of National Instrument 43-101. The
independent consultant's technical report in support of these estimates will
be filed on SEDAR within 45 days.

    
    Table 1: Resource Estimate for Getty Zinc-Lead Deposit
    - Effective September 9, 2008
    -------------------------------------------------------------------------
    Cutoff: Pb+Zn%    Resource        Tonnes        Pb%      Zn%     Pb+Zn%
                      Category      (Rounded)
    -------------------------------------------------------------------------
    2.00              Inferred       860,000      1.65     1.82       3.48
    -------------------------------------------------------------------------
    2.00             Indicated     2,540,000      1.48     1.91       3.39
    -------------------------------------------------------------------------
    2.00              Measured     1,470,000      1.48     2.02       3.50
    -------------------------------------------------------------------------
    2.00             Indicated
                    + Measured     4,010,000      1.48     1.95       3.43
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    2.50              Inferred       580,000      1.98     2.09       4.07
    -------------------------------------------------------------------------
    2.50             Indicated     1,680,000      1.78     2.21       3.99
    -------------------------------------------------------------------------
    2.50              Measured     1,070,000      1.74     2.22       3.97
    -------------------------------------------------------------------------
    2.50             Indicated
                    + Measured     2,750,000      1.76     2.21       3.98
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    3.00              Inferred       400,000      2.34     2.37       4.71
    -------------------------------------------------------------------------
    3.00             Indicated     1,080,000      2.13     2.54       4.67
    -------------------------------------------------------------------------
    3.00              Measured       740,000      2.04     2.47       4.52
    -------------------------------------------------------------------------
    3.00             Indicated
                    + Measured     1,820,000      2.09     2.51       4.61
    -------------------------------------------------------------------------
    

    The resource estimates are based on 138 recently drilled holes by Acadian
and 184 historic drill holes completed during the 1970s. Getty Northeast Mines
Limited drilled 181 of these holes and the remaining 3 were completed by
Imperial Oil Limited. The Getty deposit is located approximately 1,500 metres
west of Acadian's Scotia Mine mill facility, and comprises potentially open
pittable zinc-lead mineralization similar to that at Scotia Mine. Zinc-lead
mineralization consists of disseminated to locally sub massive sphalerite and
galena occurring within a dolomitized carbonate reef of the Lower
Carboniferous age Gays River Formation. The Getty deposit is one of a series
of related zinc-lead mineralized reefs located west of the Scotia Mine Main
and Northeast deposits. The Carroll's Farm zinc-lead discovery and the
Carroll's Corner zinc-lead prospect located 1.5 km and 2.5 km, respectively,
west of the Getty deposit, are also an integral part of this series and are
considered highly prospective targets warranting follow-up drill programs
(News Release No. 33-07, December 4, 2007).
    The mineral claims hosting the Getty deposit as well as certain
peripheral claims are subject to a 1% royalty to Globex Resources Ltd. One
half of this royalty can be purchased by Acadian at any time for a purchase
price of $300,000.

    Management's Opinion
    --------------------

    Will Felderhof, President and CEO, stated "We are pleased with the new
resource estimates and upgrade in resource categories to measured and
indicated. Our engineering staff will now be able to focus on evaluating the
development potential of this deposit, which has the potential of further
extending the life of mine at Scotia Mine beyond the feasibility study
(July, 17, 2006), reserve life of 7.5 years."

    Estimation Methodology
    ----------------------

    The September 9th 2008 resource estimates are based on a three
dimensional block model developed using Gemcom Surpac(R) Version 6.0.3
software and validated results for 322 diamond drill holes. The model utilizes
1 meter down-hole assay composites of lead and zinc values, blocks are
2.5 meters x 2.5 meters x 2.5 meters with no sub-blocking and the model is
coordinated to Acadian's Scotia Mine Grid. Inverse distance squared (ID2)
interpolation methodology was used within a wire-framed deposit solid
containing 26 orientation sub-domains. Grade interpolation was carried out
using domain-specific search ellipse orientations. Major, semi-major and minor
axis ranges for the ellipses were 75 meters, 75 meters and 37.5 meters
respectively. Included sample range for grade interpolation was from 1 to 12,
with no more than 4 samples from a single drill hole.
    Measured Resources include all blocks with grades based on three drill
holes and a minimum of 9 included samples, with not more than 4 composites
from a single drill hole, for which the averaged distance to included samples
was 28 meters or less with no sample greater than 50% of the major axis range
(37.5m) from the block. Indicated Resources include all blocks with grades
based on two or more drill holes and a minimum of 5 included samples, with not
more than 4 composites from a single drill hole, for which the averaged
distance to included samples was 40 meters or less with no sample greater than
75% of the major axis range (56.5m) from the block. Inferred Resources include
all remaining blocks present within the deposit solid for which interpolated
grades were present. Specific gravity (SG) values for model blocks were
calculated from block metal grades using the formula SG = 1 / (Pb% / (86.6 (*)
7.6) + Zn% / (67.0 (*) 4.0) + (1 - Pb % / 86.6 - Zn % / 67.0) / 2.82). Acadian
drill program core sampling was subject to full QA/QC program that included
submission of blanks, certified standards, check samples and duplicate
samples.

    About the Corporation
    ---------------------

    Please see the Corporations' website at www.acadianmining.com.

    Other
    -----

    Michael P. Cullen, P. Geo., supervised preparation of the technical
information pertaining to the Getty resource estimate reported in this news
release. Mr. Cullen is an independent third party, Senior Geologist at
Mercator Geological Services Limited, and a qualified person as defined under
National Instrument 43-101.

    Forward Looking Statement
    -------------------------

    Certain information regarding the Corporation 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 the Corporation 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.
The Corporation cautions that actual performance will be affected by a number
of factors, many of which are beyond the Corporation's control, and that
future events and results may vary substantially from what the Corporation
currently foresees. Discussion of the various factors that may affect future
results is contained in the Corporation's 2007 Annual Report which is
available at www.sedar.com. The Corporation's forward-looking statements are
expressly qualified in their entirety by this cautionary statement.

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




For further information:

For further information: G. William Felderhof, President & CEO; Terry F.
Coughlan, Vice President, (902) 444-7779, Toll Free: (877) 444-7774,
mail@acadianmining.com; www.acadianmining.com

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Acadian Mining Corporation

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