Trading Symbol CIN-CNSX
VANCOUVER, June 19 /CNW/ - Canadian International Minerals Inc (CIN) has
acquired by staking, a 100% interest in two mineral claims located in north
central B.C. The Aley Cat and Big Mack claims were selected by interpretation
of stream sediment data from Geoscience B.C. (GBC) Report 2008-7 which showed
samples anomalous in lanthanum, europium, hafnium, lutetium, samarium, terbium
and ytterbium in streams draining the claim areas. These source areas appear
to have a geological setting analogous to the nearby Aley Carbonatite Complex.
This intrusive complex is host to the Aley tantalum/niobium deposit,
which was discovered in 1980 by Cominco and hosts significant dykes or
"sweats" that include the mineral bastnaesite and other rare earth minerals.
These carbonate minerals are indicators of potentially economic rare earth
deposits and provide the primary feed for commercial rare earth extraction
processes. Taseko Mines Ltd., the owner of the Aley is expected to release a
43-101 compliant resource estimate on the deposit in the near future.
Upon evaluation of the Aley discovery, Teck Cominco launched a regional
exploration program that resulted in the discovery of the Carbo Rare Earth
property, currently subject of option agreement between CIN and Commerce
CIN is pleased to announce it has retained Mackevoy Geosciences Ltd (MGL)
to advise on its exploration programs for rare earth metals in B.C. Heading
the MGL team is Professor Lee Groat of the University of British Columbia,
Faculty of Earth and Sciences, and Director, Integrated Sciences, who is a
specialist in rare and exotic minerals and metals.
This initiative by CIN begins a new phase in mineral exploration focussed
on rare metals with technological and renewable energy applications. In
retaining MGL, CIN is capitalizing on a unique and limited pool of expertise
in a relatively obscure branch of mineral exploration which has recently been
recognized by resource sector investors.
The company has an extensive portfolio of early stage rare metal
prospects and is in negotiations for several advanced projects. Additional
targets on lands open for staking are under evaluation.
COPPER MOUNTAIN UPDATE
CIN has completed 400.3 line kilometre AeroTEM III helicopter airborne
survey over its 100% owned Copper Mountain property as well adjoining
properties in the area. The company expects to recover some of its costs on
the survey from third parties. Several known indicator and mineralized
formations in the survey area were flown to provide signatures for large areas
covered by overburden which in the past has hindered traditional exploration
methods. Targets identified by this program will be followed up with ground
work which may include trenching and 3D IP.
This completes Phase One of an exploration program recommended by the
Wardrop Report dated Dec. 12, 2007, which was included in the company's
prospectus dated April 4, 2008. The program was delayed last year by high
demand in airborne systems worldwide which resulted in this years program
costing substantially less than originally estimated.
The Qualified Person who has reviewed the technical data for this news
release is Thomas Hasek P.Eng.
Cautionary Statements on Forward-Looking Information.
The statements made in this News Release may contain certain
forward-looking statements. Actual events or results may differ from the
Company's expectations. Certain risk factors may also affect the actual
results achieved by the Company. The CNSX Exchange has not reviewed and does
not accept responsibility for the adequacy or accuracy of this news release.
For further information:
For further information: visit the Company's website at
www.cdnintlminerals.com; Michael E.Schuss; CEO, Director; (604) 241-2254,
firstname.lastname@example.org; Nick Horsley, Investor Inquiries, (604) 641-4469,