Tickers: XTSX:CIN
Tags: Mining
September 14, 2015 / TheNewswire / Vancouver, British Columbia - Canadian International Minerals Inc. ("CIN", the "Company") (TSXV: CIN) has been notified by North Arrow Minerals Inc. ("North Arrow") (TSXV: NAR) and Stornoway Diamond Corp. ("Stornoway") (TSX: SWY) that a fixed-wing magnetic survey is to be flown on the Pikoo East properties (the "Properties"). The survey is expected to commence within the next week.
"North Arrow and Stornoway's decision to fly the Pikoo East properties is a major development for CIN, its shareholders, and the emerging Pikoo district as a whole. Rightly or wrongly, the markets have not been kind to the Pikoo-area explorers, despite the large amount of positive exploration work that has been completed in the last 2 years by several public and private companies. We are hopeful that this airborne survey will continue to advance the Pikoo East properties, ultimately to a drill-ready stage, while also boosting the profile of the district and our other prospects in the area," noted Michael E. Schuss, President and Chief Executive Officer of Canadian International.
The Properties are under option to North Arrow and Stornoway, who may earn a combined 70% interest by funding exploration to a kimberlite discovery (including drilling) on any of the Properties within a 3 year period. North Arrow and Stornoway are conducting the work through their pre-existing joint venture on their Pikoo diamond project, and are funding the work in proportion to their respective interests in said project.
The fixed-wing magnetic survey will be flown on 50 meter line spacings, and will cover all of the claims CIN has under option. The survey data will provide a base to guide further exploration, including targeted till sampling and, if warranted, drilling.
2014 Exploration and Results
North Arrow and Stornoway conducted a limited reconnaissance-type till sampling program on the Properties in the fall of 2014. 11 till samples were collected and submitted to Microlithics Laboratories Inc. of Thunder Bay, Ontario for kimberlite indicator mineral processing. Details on the processing method can be found at www.microlithics.com/kim-laboratory/
One sample returned a pyrope garnet with chemistry fitting the G9 garnet classification. This same sample also returned a picroilmenite, another strong kimberlite indicator mineral.
Qualified Person
The technical data in this news release has been reviewed by Thomas Hasek, P. Eng., a Qualified Person under the terms of N.I. 43-101.
For further information, please contact:
Canadian International Minerals Inc.
Michael E. Schuss
President and CEO
Phone: 604-241-2254
E-mail: m.e.schuss@gmail.com
Website: www.cin-v.com
Forward-looking Information
This news release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. 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; the uncertainty of future profitability; and the uncertainty of access to additional capital. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressed qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Copyright (c) 2015 TheNewswire - All rights reserved.
