Canadian International Minerals Inc. announces Carbo Rare Earth Project
Drilling Completed
CIN-TSX.VENTURE
VANCOUVER, Dec. 13 /CNW/ - Canadian International Minerals Inc. (CIN-TSX.V) is pleased to announce the completion of the 2010 diamond drilling program at the Carbo Project, located northeast of Prince George, BC. The program was undertaken late in the season in order to provide validation of encouraging results from auger soil sampling and airborne geophysical surveys.
A total of 9 holes and 1,938.9 metres were drilled with NQ-2 equipment (core diameter 50.6 mm), with an average core recovery of 94.5 percent. The drilling was concentrated within an approximately 500 metre square area, within the northeastern portion of the Carbo claim's. The drill sites lie approximately 1 km northeast of Spectrum's drilling in 2008, and approximately 3.2 km northwest of carbonatite and syenite exposures mapped by Teck Resources in 1987 (see map on CIN web site). The drilling was localized in this area due to limited water sources for drilling during fall-winter months. The core was logged and split with a diamond saw at a core facility in Prince George.
HOLE # | EASTING | NORTHING | ELEVATION - M | LENGTH - M | AZIMUTH | DIP | Recovery | Samples submitted |
CA-10-001 | 559,130 | 6,043,572 | 1,188 | 154.5 | 180 | -45 | 95.72 | 135 |
CA-10-002 | 559,130 | 6,043,572 | 1,188 | 185.3 | 180 | -65 | 97.51 | 181 |
CA-10-003 | 559,319 | 6,043,592 | 1,145 | 183.5 | 180 | -45 | 92.46 | 159 |
CA-10-004 | 559,319 | 6,043,592 | 1,145 | 209.4 | 180 | -65 | 90.62 | 134 |
CA-10-005 | 559,056 | 6,043,744 | 1,130 | 178.9 | 180 | -45 | 92.17 | 137 |
CA-10-006 | 559,056 | 6,043,744 | 1,130 | 279.5 | 180 | -65 | 95.92 | 195 |
CA-10-007 | 559,057 | 6,043,744 | 1,130 | 124.1 | 144 | -65 | 97.22 | 59 |
CA-10-008 | 559,055 | 6,043,744 | 1,130 | 300.8 | 231 | -65 | 94.73 | 236 |
CA-10-009 | 559,038 | 6,043,475 | 1,245 | 322.8 | 180 | -45 | 94.43 | 268 |
It is anticipated that the 2011 drill targets will be more widely dispersed along the approximately 5 km long trend of the Wicheeda Carbonatite Complex located within the boundaries of the Carbo Property, and will include the carbonatite and syenite zones, mapped by Teck Resources as approximating 100 m in width.
A total of 1,504 samples of the split core, with blanks and field duplicates from quarter core, are being submitted to Activation Laboratories Ltd. in Ancaster, ON. Commercial Rare Earth Element standards were unavailable for the drilling program. The Company will prepare its own standards from the coarse rejects from the drilling in preparation for the next phase of diamond drilling. The number of samples is relatively high compared to the metres drilled as detailed sampling was completed locally to define the control of the mineralization.
In the implementation of the Company's rigorous QA/QC protocol, initially 10 percent of the samples coarse rejects will be submitted to ACME Analytical Laboratories Ltd in Vancouver for check analyses.
Results from the drilling will be released following completion of the analytical procedures.
An exploration drill road application is being completed, and will be submitted to the B.C. Ministry of Mines before year end. This road will access the area of current drilling and also transect approximately 5 km of favorable carbonatite and syenite intrusions with coincident airborne and geochemical anomalies within the property boundaries. Contractor for the road will be Duz Cho Construction LP, the construction arm of the McLeod Lake Indian Band. To date Duz Cho has secured approximately $40 million in contracts with partner Ledcor on the construction of Thompson Creek Metals Company's Mt. Milligan Mine.
The Carbo Property comprises 7 claims totalling 2,778.63 hectares in area, and is accessible by all weather gravel roads. It is approximately 80 km north east of Prince George, B.C, and is currently held in a joint venture with CIN holding 75% and Commerce Resources Corp. (CCE-TSX.V) 25%.
Canadian International Minerals Inc. director Tor Bruland, who is a Qualified Person as defined by National Instrument 43-101, supervised the diamond drilling and has prepared, reviewed and approved the technical information in this news release.
On behalf of the Board of Directors,
"Michael E. Schuss"
Michael E. Schuss
President and Chief Executive Officer
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS: Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. Canadian International Minerals undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
For further information:
on Canadian International Minerals Inc. please visit the company website at http://www.cdnintlminerals.com or contact Michael E. Schuss at 604-241-2254
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