Canadian Mining Expands Holdings in Prolific Babine Lake Area (CNG TSX.V)

VANCOUVER, Feb. 16 /CNW/ - Canadian Mining (the Company) is pleased to report it has expanded its mineral holdings in the prolific Babine Lake porphyry copper area in Central British Columbia. CEO Ray Paquette recognizes this as a great opportunity to position the Company in an area that has undergone extensive exploration and development leading to the discovery of two past producers; the Granisle Mine and the Bell Mine and most recently Pacific Booker Minerals Inc. (TSXV: BKM) discovery and its advancement towards production.

The Granisle Porphyry Copper-Gold Mine operated from 1966 to 1982, reportedly producing 214,299,455 kilograms of copper, 6,832,716 grams of gold and 69,752,525 grams of silver from 52,321,517 tonnes of ore. Low copper prices in the early 80s eventually led to the closure of this open-pit mine.

Similarly, the Bell Porphyry Copper-Gold Mine operated from 1977 to 1992, reportedly producing 304,795,539 Kg of copper, 12,885,964 grams of gold and 38,319,730 grams of silver from 77,146,088 tonnes of ore.

Canadian Mining's Perks claims now total 4,730 hectares (11,687 acres) within the prolific Babine Lake porphyry copper area. The western block of claims is located approximately four kilometers from Pacific Booker Mineral's Morrison Lake porphyry copper/gold/molybdenum deposit. Pacific Booker Minerals is in the advanced stage of development of the Morrison deposit. They have completed a Feasibility Study and a 43-101 compliant Technical Report and are proposing a 30,000 tonne per day open-pit mining and milling operation for the production of copper/gold/molybdenum concentrate. The proposed construction date is 2011 and the proposed start of operation is 2013.

Canadian Mining's position in this key area provides the Company with past production knowledge and advanced project association. The Company has an experienced management team in place with a growth strategy to develop a diversified portfolio of projects.


On behalf of the Board
Ray Paquette CEO

Please see our web site for additional details: www.canadianmining.ca

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:

Mr. Ray Paquette 604.684.3301

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