Symbol: CNG - TSX.V
VANCOUVER, June 1 /CNW/ - Canadian Mining's US qualified person Dr. Pat O'Hara reports "Eight core holes on the Bullard Pass property were completed during March and April 2010. Total footage drilled was approximately four thousand feet. Final assay certificates have been received and a detailed review of results is ongoing. A preliminary review of the analytical results confirmed that the soil geochemistry anomalies can be used to target drill holes, as anomalous hydrothermal elements were found in all holes. Gold analyses ranged up to 0.2 oz/ton, with a number of anomalous intercepts up to 50 feet thick and one continuous 150 foot intercept of detectable gold were recovered. Detailed drilling results will be provided when the thorough data review is completed.
The core logs reveal that the stratigraphic and structural models on the property need revision as entirely unexpected rock units and structures were intercepted during Phase 1 drilling. Also, hypothesized major mineralized faults appear to be deeper than previously thought. A new multiple-fault model is being evaluated to account for the orientations of upper plate rock units in the central block. One of the newly discovered sedimentary rock units is younger than most exposed upper plate rock units in the vicinity of the property. The exact position of the second sedimentary rock unit is unknown presently. Once the drill logs are completed and geologic cross-sections are constructed, a better understanding of the structural model and stratigraphic sequence in the upper plate will be generated. The new geologic models will assist targeting future drill holes because premineralization structures in the host rock, and stratigraphic-diagenetic permeable zones in the stratigraphic section are the plumbing system through which hydrothermal fluids flow, and are the depositional sites of minerals containing the hydrothermal elements.
The depths of the pediment gravels are now known to be greater than previously expected. Therefore, much has been learned concerning the problems incurred when drilling through the thick Quaternary gravels and the high permeability zones in the newly discovered sedimentary rock units.
A future Phase 2 drill program totaling approximately one-hundred reverse circulation holes using the new geologic models is being planned that would be completed in three segments of 30+ holes each. The three dimensional distribution of the various hydrothermal elements in the initial holes will be used in conjunction with the existing soil geochemical anomalies with the new geologic models to guide the location of later holes to intercept potential blind and hidden gold mineralization."
On behalf of the Board
Ray Paquette CEO
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