Acadian Mining intersects 6.00 metres of 11.22% zinc plus lead at its Getty property, Nova Scotia



    Trading Symbol: ADA:TSX; C2Z-Frankfurt
    Shares Outstanding: 142,357,907

    HALIFAX, Aug. 20 /CNW/ - Acadian Mining Corporation (ADA-TSX) ("Acadian"
or "Corporation") is pleased to announce assay results for 75 additional drill
holes, bringing the total released to date to 129 on its Getty zinc-lead
deposit. Results to date support potential for a bulk tonnage - open pit
deposit 1,700 metres from the mill at Scotia Mine. Highlights include drill
hole S1072 which intersected 6.00 metres of 11.22% zinc plus lead, including
2.65 metres of 22.43% zinc plus lead, Hole S1059 which intersected
17.50 metres of 3.73% zinc plus lead and hole S1057 which intersected
4.35 metres of 7.02% zinc plus lead. The shape of the zinc-lead mineralized
carbonate bank structure at Getty is not as yet fully defined and, as such,
true widths cannot be calculated with complete confidence. However, true
widths are estimated to range between 80% and 100% of the intersection lengths
reported below in Table 1.

    
    Table 1 - Selected Intercepts - Holes S1057 - S1129

    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Hole        From       To   Interval    Grade% Zn   Grade % Pb   %Zn+%Pb
                  (m)      (m)        (m)
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1057      93.15    97.50       4.35         2.56         4.46      7.02
    -------------------------------------------------------------------------
    including  94.00    96.45       2.45         2.56         6.38      8.94
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1059      38.50    56.00      17.50         1.99         1.74      3.73
    -------------------------------------------------------------------------
    including  39.00    48.00      10.00         2.46         2.16      4.62
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1063      96.50    96.88       0.38         9.30         0.25      9.55
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1065      27.00    33.00       6.00         0.73         1.80      2.53
    -------------------------------------------------------------------------
    including  30.00    33.00       3.00         1.03         2.99      4.02
    -------------------------------------------------------------------------
    including  31.00    32.00       1.00         1.61         6.50      8.11
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1067      30.00    40.00      10.00         0.63         1.61      2.24
    -------------------------------------------------------------------------
    including  31.00    34.00       3.00         0.95         2.08      3.03
    -------------------------------------------------------------------------
    including  36.00    39.00       3.00         0.72         2.36      3.08
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1068     103.50   105.00       3.50         1.66         3.46      5.12
    -------------------------------------------------------------------------
    including 105.00   107.00       1.00         2.80         8.00     10.80
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1069      64.00    66.00       2.00         2.01         0.37      2.38
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1070      78.00    80.00       2.00         1.80         0.34      2.14
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1071      64.00    74.00      10.00         1.71         0.64      2.35
    -------------------------------------------------------------------------
    including  64.00    67.00       3.00         2.29         1.12      3.41
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1072      83.00    89.00       6.00         5.21         6.01     11.22
    -------------------------------------------------------------------------
    including  86.35    89.00       2.65         9.38        13.05     22.43
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1074      72.00    74.00       2.00         0.11         3.31      3.42
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1077      47.00    50.00       3.00         1.63         0.45      2.08
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1078      68.50    69.00       0.50         1.26         1.24      2.50
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1079      71.30    73.50       2.20         0.76         2.13      2.89
    -------------------------------------------------------------------------
    including  72.00    72.70       0.70         1.38         4.90      6.28
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1082      72.45     73.1       0.65         8.60         4.00      12.6
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1083      27.00    35.00       8.00         1.74         0.05      1.79
    -------------------------------------------------------------------------
    including  32.00    33.00       1.00         3.10         0.01      3.11
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1085     106.00   109.75       3.75         2.11         0.60      2.71
    -------------------------------------------------------------------------
    including 106.00   107.00       1.00         5.70         1.83      7.53
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1086      49.60    62.00      12.40         1.87         0.81      2.68
    -------------------------------------------------------------------------
    including  51.10    52.00       0.90         2.43         6.90      9.33
    -------------------------------------------------------------------------
    including  53.00    59.00       6.00         2.98         0.17      3.15
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1089      87.00    88.00       1.00         2.45         0.44      2.89
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1090      56.50    58.00       1.50         1.73         0.54      2.27
    -------------------------------------------------------------------------
    including  56.50    57.00       0.50         3.40         0.91      4.31
    -------------------------------------------------------------------------
    and        73.00    74.00       1.00         4.20         0.01      4.21
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1093      72.70    75.50       2.80         0.27         4.35      4.62
    -------------------------------------------------------------------------
    including  74.00    75.00       1.00         0.01         8.70      8.71
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1094      76.00    77.00       1.00         3.60         0.00      3.60
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1098      61.00    62.00       1.00         2.39         0.47      2.86
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1099     102.00   103.00       1.00         0.95         1.11      2.06
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1102      58.00    59.00       1.00         2.60         0.14      2.74
    -------------------------------------------------------------------------
    and        66.00    67.05       1.05         1.20         0.97      2.17
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1104      93.00    96.20       3.20         2.35         0.96      3.31
    -------------------------------------------------------------------------
    including  95.00    96.20       1.20         4.50         1.56      6.06
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1105      56.00    57.00       1.00         0.76         3.10      3.86
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1107      42.00    43.00       1.00         3.10         0.26      3.36
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1108      19.00    43.00      25.00         1.90         0.19      2.09
    -------------------------------------------------------------------------
    including  33.00    35.00       2.00         3.95         0.47      4.42
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1110      16.00    35.00      19.00         0.90         0.23      1.13
    -------------------------------------------------------------------------
    including  25.00    26.00       1.00         2.50         0.76      3.26
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1111      34.20    35.00       0.80         1.98         0.86      2.84
    -------------------------------------------------------------------------
    and        46.00    57.00      11.00         2.21         0.09      2.30
    -------------------------------------------------------------------------
    and        51.00    52.00       1.00         4.40         0.10      4.50
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1113      15.00    17.00       2.00         1.91         0.21      2.12
    -------------------------------------------------------------------------
    and        33.00    39.00       6.00         1.10         1.30      2.40
    -------------------------------------------------------------------------
    and        55.00    56.00       1.00         1.26         2.28      3.54
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1116      53.00    65.00      12.00         1.18         0.31      1.49
    -------------------------------------------------------------------------
    including  62.00    63.00       1.00         3.60         0.21      3.81
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1118      97.70    99.30       1.60         2.15         2.22      4.37
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1123     110.60   111.00       0.40         0.01         3.00      3.01
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1124      40.40    61.00      20.60         1.50         1.14      2.64
    -------------------------------------------------------------------------
    including  43.00    43.50       0.50         5.50         4.00      9.50
    -------------------------------------------------------------------------
    including  59.00    60.00       1.00         1.00         4.60      5.60
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    S1125      68.00    70.00       2.00         1.01         1.71      2.72
    -------------------------------------------------------------------------
    and        74.00    76.50       2.50         1.25         0.81      2.06
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    

    Drill holes S1055, S1058, S1060, S1061, S1066, S1073, S1075, S1076,
S1080, S1081, S1084, S1087, S1091, S1092, S1095, S1096, S1097, S1100, S1101,
S1103, S1106, S1109, S1112, S1114, S1115, S1117, S1121, S1122, S1126, and
S1127 intersected low-grade lead-zinc mineralization and were drilled to test
the extents of the deposit. Drill holes S1056, S1064, S1088, S1119 and S1120
were abandoned in overburden or gypsum; and S1062 intersected basement Meguma
directly under the overburden. The drill program included two drill holes to
test interpreted paleo-topographic basement highs; 800m to the west and 200m
south of the known deposit with the potential to be extensions of the
mineralized carbonate bank reef complex in these directions. These two holes
did not return any significant mineralization but the targets require
additional investigation.

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

    Will Felderhof, President and CEO, stated "The Getty deposit drilling
results are in line with expectations and we are confident that they will
support an updated resource estimate which will include resources in the
measured and indicated categories. This in turn will enable the engineering
staff to commence investigations with respect to development to supply mill
feed to Scotia Mine."

    Getty Deposit
    -------------

    The Getty deposit occurs within a west extension of the carbonate bank
reef complex that also hosts the adjacent Scotia Mine deposits, located
1,700 metres to the east. Acadian's diamond drilling program was designed with
sufficient drilling density to support a new resource estimate for the Getty
deposit that is anticipated to include definition of measured and indicated
resources. The deposit currently hosts inferred resources as described below
in Table 2 (See News Release No. 34-07, December 12, 2007 for details).

    
    Table 2- NI-43-101 Inferred Resource Estimate for Getty Zinc-Lead
    Deposit, Effective December 11, 2007 (News Release No. 34-07,
    December 12, 2007)

    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    (*)Zn Eq% Threshold              Tonnes        Pb %       Zn %  Zn Eq%(*)
                                   (Rounded)
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    2.00%                         4,160,000       1.40%      1.81%      3.21%
    -------------------------------------------------------------------------
    2.50%                         2,860,000       1.60%      2.06%      3.66%
    -------------------------------------------------------------------------
    3.00%                         1,970,000       1.82%      2.26%      4.08%
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    (*) Note: Zn equivalent (Zn Eq%) = (Zn% + Pb%)
    

    The Getty deposit resources described above are in addition to the
5.24 million tonnes of measured and indicated resources grading 4.1% zinc and
2.0% lead (undiluted), and 1.8 million tonnes of inferred resources grading
3.1% zinc and 1.1% lead at the adjacent Scotia Mine. For further information
on the Scotia Mine deposits, see Acadian Press Release No. 16-06, July 17,
2006.
    Potential for additional resources occurs immediately west of the Getty
deposit at the Carrolls Farm and Carrolls Corner prospects, where diamond
drilling has confirmed continuation of the zinc-lead mineralized carbonate
bank system for an additional 2.5 kilometres; and at the Smithfield deposit
(see News Release No. 32-07, December 3, 2007), located 34 km north of Scotia
Mine.
    The Getty deposit is subject to a 1% gross metal royalty metal royalty to
Globex Mining Enterprises Inc. (GMX-TSX, G1M Frankfurt). Acadian has an option
to purchase one-half percent for $300,000 at its option at any time, and has a
first right of refusal on the remaining one-half percent.

    Sample Protocol
    ---------------

    All drilling, core logging and sampling was supervised by Chrystal
Kennedy, P. Geo., Mercator Geological Services and pertinent information was
recorded by Mercator staff geologists into a computerized system. Drill core
was stored and sampled in a secure locked facility. One metre core sample
intervals were typically established over the zone of interest by staff
geologists and sample intervals were recorded. Core was split with a core
splitter and one half of the core was sampled. Samples were bagged and labeled
with pre-numbered sample tags, sealed with a metal tie and secured in sealed
buckets for shipment by commercial transport to Eastern Analytical Limited in
Springdale, Newfoundland. Once received by the lab, samples were logged in a
sample tracking system and received weights recorded. After crushing,
splitting and pulverizing, samples were routinely analyzed by ICP-AES
multi-element methodology. Samples returning zinc or lead values of 2200 parts
per million or more are re-analyzed using ore grade assay procedures. The
quality control protocol for this program included analysis of check sample
splits of pulp material at ALS Chemex and systematic insertion of standards,
blanks and duplicate samples.

    About the Company
    -----------------

    Acadian is a Halifax, Nova Scotia, Canada based mining company which
operates a zinc-lead mine (Scotia Mine) at Gays River, Nova Scotia and is
exploring and developing gold, zinc-lead, and barite properties in Atlantic
Canada. The Scotia Mine operates as an open pit mine and is expected to
produce 30,000 tonnes of high grade zinc concentrate and 12,000 tonnes of high
grade lead concentrate in 2008. See Acadian's News Release No. 16-06 dated
July 17, 2006 for further details.
    The Company is also focused on developing five advanced gold properties.
All five of the properties, Beaver Dam, Tangier, Forest Hill, Goldenville and
Fifteen Mile Stream host gold resources described in technical reports
prepared in compliance with National Instrument 43-101 which are available on
www.sedar.com. Beaver Dam and Fifteen Mile Stream, located only 18 kilometres
apart, are targets for potential bulk tonnage - open deposits.
    The Company is bringing a new approach to the development of Nova Scotia
gold deposits by pursuing a multiple mine, central processing, managing and
servicing strategy.
    The Company holds a 29.1% equity interest in Royal Roads Corp. ("Royal
Roads"). Royal Roads is a Halifax, Nova Scotia, Canada based mineral
exploration and development company listed for trade on the TSX-Venture
Exchange under the trading symbol RRO, and on the Frankfurt Exchange under the
symbol RR91. Royal Roads has two key assets, the Daniels Pond base metal
deposit and the former Buchans Mine, both 100% owned. The company holds
additional exploration properties in Newfoundland, several of which are joint
ventured with third parties.
    The 100% owned Daniels Pond deposit is located in the 16,075 hectare
Tulks North mineral property strategically located in the centre of the
world-class Buchans base metal region in central Newfoundland, Canada. The
100% owned Buchans Mine property controls the past producing Buchans Mine, and
essentially all of the key mineral claims covering the Buchans Formation of
rocks which was host to the Lucky Strike base metal-silver deposit mined
previously by Asarco. The Lucky strike deposit was one of Canada's richest
base metal deposits.

    Other
    -----

    Chrystal Kennedy, P. Geo., is responsible for technical information
pertaining to the Getty deposit drilling program reported in this news
release. Ms. Kennedy is a Senior Project Geologist at Mercator Geological
Services Limited and a qualified person as defined under National Instrument
43-101.

    Correction
    ----------

    News Release No. 15-08 dated August 14, 2008 incorrectly stated that
Acadian Mining holds a 44.42% equity interest in Royal Roads Corp. Acadian
Mining's correct equity interest in Royal Roads is 29.1% and reflects the
recent acquisition of Buchans River Ltd. by Royal Roads Corp.

    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 2006 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.

    For additional information on the Corporation's properties and
activities, please visit our web site at www.acadianmining.com. If you wish to
be added to the Corporation's e-mail or fax distribution list for future news
releases and updates, please contact Acadian at phone: 902 444-7779,
fax: 902 444-3296, email: mail@acadianmining.com.

    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

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