Symbol: CNG - TSX.V
VANCOUVER, Sept. 2 /CNW/ - Mr. Ray Paquette CEO is pleased to report the
Company has acquired the October 1981 Geological Report written for Penoles on
the El Gochico mine now optioned by Canadian Mining. This report has provided
the Company with a wealth of historical data and has provided direction for
the Company's exploration program. Penoles is the second largest Mexican
mining company, the first Mexican producer of gold, zinc and lead and the
world leader in silver production.
Penoles operated the El Gochico trackless mine from 1981- 1985 investing
significantly in costly infrastructure. When the price of zinc dropped to the
34 -35 cent range in 1985 the mine was no longer economically feasible. It is
Canadian Mining's good fortune to benefit from Penole's investment. Based on
today's prices this is a very meritable project.
The Company has obtained all necessary surface authorizations and has
assembled a fully qualified ground crew to survey an extended grid program
over the past producer El Gochico. The survey is nearing completion in
preparation for the 15 line kilometer 3D Induced Polarization/Resistivity
Canadian Mining is a diverse company holding excellent prospects in both
precious metals and industrial minerals.
On behalf of the Board
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.
For further information:
For further information: Mr. Ray Paquette, (604) 684-3301