Canadian Mining Appoints Skoda to Mexican Exploration Committee

Symbol: CNG - TSX.V

VANCOUVER, Oct. 13 /CNW/ - Mr. Ray Paquette reports Canadian Mining (the "Company") is moving forward under the terms of the Option Agreement with Mayen Minerals Ltd. on the Company's Raquel 3 and Raquel 3B concessions located in the prolific mining district of Sonora, Mexico. "The option agreement with Mayen Minerals Ltd. allows the Company to further advance its Raquel 3/Raquel 3B project without diluting its stock. Although Canadian Mining does not receive any cash, Mayen could acquire up to a 60% interest in the project by spending $1.4 million on exploration expenditures on the project over the next two years." eResearch October 2, 2009

The terms of the agreement with Mayen call for the formation of an exploration committee to manage the mining rights and approve the exploration expenditures contemplated in Phase 1, 2 and 3 of the Agreement. Canadian Mining is pleased to appoint Mr. Ed Skoda as the Company's representative on the committee. Mr. Skoda has a Diploma in Mining Engineering Technology from the Haileybury School of Mines in Ontario. He has over 30 years experience in the mining industry in which time he has worked on many national and international projects. Mr. Skoda has been instrumental in the advancement of the Sonora project.

Canadian Mining is a well-diversified company with stable management and an excellent potential for growth. The Company is engaged in the exploration and development of precious and base metals in the Alamos Mining District in Sonora, Mexico, the Bullard Mining District in Arizona and the exploration, development and production of industrial minerals in Canada.

    
    On behalf of the Board
    Ray Paquette CEO
    Info@canadianmining.ca
    604.684.3301

    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 Mining Company Inc.

For further information: For further information: visit www.canadianmining.ca

Organization Profile

Canadian Mining Company Inc.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890