Trading Symbol CIMI-CNQ
VANCOUVER, Sept. 3 /CNW/ - Canadian International Minerals Inc (CIMI) is
pleased to announce to acquisition of a 100% interest in the Solar claim group
located approximately 2 km north east of the town of Golden, British Columbia.
The Solar claims are 888.426 hectares in area and cover 5-6 km of favourable
Mt. Wilson Formation which consists of fine grained white quartzites up to 500
meters wide. The Mt Wilson quartzites host two operating silica mines
including the Moberly Mine, owned by Heemskirk Consolidated an Australian
listed mining house. The Solar claims directly adjoin Moberly mine property
and are on strike geologically to the south east. The Moberly mine which has
been in continuous production since 1980, and has recently completed an
expansion and upgrading of production and processing. The privately owned Hunt
silica mine is located approximately 12 km to the south of the Solar claims.
Both mines have shipped metallurgical grade silica to a ferrosilicon refinery
in Washington State during the 1980-90`s.
Silica exploration in the Golden area is relatively simple as the
formations are continuous and in strata that are easily recognizable. The
topography of the claim group is moderate for the region and is accessible by
Very little traditional exploration has been conducted since the 1970's
in the Golden area, which was then spurred by an increase in price and demand
for silicon metal by the fledgling personal computer industry.
The Geological Survey of Canada last mapped the Golden area with focus on
the Moberly silica camp which included the Solar claims in 1980. (GSC Map
The Mt. Wilson Formation is recognized for hosting world class quartzite
deposits of greater than 99.5% silicon dioxide (SiO2). This material is known
as High Purity Quartz (HPQ) is presently in short supply world wide, as most
known sources face depletion or shut downs because of environmental issues.
This shortage is occurring as new smelting technologies to replace old systems
especially in Europe to meet carbon emission regulations are being planned.
The majority of the worlds "quartz to silicon" smelting capacity is dated,
being very greenhouse gas intensive as well as producing an insufficiently
pure material that needs expensive refining to meet quality demands by the
solar and electronic industries.
CIMI is earning a 100% interest in the Solar claims by paying,
$45,000 and 375,000 common shares on signing
250,000 common share in six months
250,000 common shares in 12 months
The vendor retains no other royalties or interests.
The town of Golden is a regional transportation center that is on the
Trans Canada Highway and the CP Rail mainline. Excellent infrastructure
required for a bulk tonnage mining operation exists in the immediate area of
The Qualified Person responsible for this news release under the terms of
National Instrument 43-101 is Thomas Hasek, P.Geo.
Canadian International Minerals Inc. is a junior resource company listed
on the CNQ, Canada`s newest stock exchange under the symbol CIMI.
The CNQ has not approved or disapproved the contents of this news
For further information:
For further information: Michael E. Schuss, CEO, Director, (604)
241-2254 or (604) 813-2521, email@example.com; Investor Enquiries, (604)