Symbol: CNG - TSX.V
VANCOUVER, March 2 /CNW/ - Mr. Ray Paquette CEO is pleased to report that drilling is now under way at the Company's Bullard Pass Gold Project in Arizona. Armed with a new geological model, and backed by 100 years of historical exploration data showing the presence of gold at the Bullard, Canadian Mining has begun a 5000', 10 hole drill program aimed at bringing this prospect from exploration to discovery.
The Company's qualified person Dr. Pat O'Hara and associate geologist Mr. Mat Allen are on site to oversee the drilling. Over the past week all 10 drill sites have been prepared and the core logging and cutting station is now ready to receive and process core. Accredited Sky Line Labs of Tucson, Arizona have been contracted to pick up core at the logging station to maintain proper chain of custody.
Canadian Mining has contracted Altar Drilling Inc. of Tucson to conduct the recommended diamond drill program using HQ core. Drilling commenced on Thursday, February 25, 2010 and will continue seven days a week over the duration of the project.
In other news, the Company is pleased to report that Mayen Minerals has commenced drilling on Canadian Mining's El Gochico property in Sonora, Mexico under the approved Option Agreement dated January 8, 2010. Mayen Minerals has contracted Cabo Drilling de Mexico SA de CV to conduct the diamond drill program with HQ core. The program calls for a minimum of 1,500 metres of drilling and is expected to be completed in March, 2010.
The Bullard Pass and the El Gochico projects give Canadian Mining dual exposure to high world gold and base metal prices with the potential of exceptional returns through the Company's extensive exploration and development success.
On behalf of the Board
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release
SOURCE Canadian Mining Company Inc.
For further information: For further information: Mr. Ray Paquette, (604) 684-3301; Please see our web site for additional details: www.canadianmining.ca