CNG.V starting to make waves:
Cdn Mining acquires extra 2,500 acres for Bullard
2007-06-07 10:38 ET - News Release
Mr. Ray Paquette reports
CANADIAN MINING COMPANY INC. ACQUIRES ADDITIONAL 2500 ACRES OF MINERAL RIGHTS
Canadian Mining Company Inc.'s subsidiary, Canadian Mining of Arizona Inc., has received confirmation from Carlin Trend Mining Services that Carlin has successfully staked an additional 125 claims (approximately 2,500 acres) and perfected 46 existing claims (950 acres) for the Bullard Pass project as outlined by Dr. Pat O'Hara, the company's qualified person.
In addition, Canadian Mining has made an application for an Arizona state prospecting permit on 457.65 acres covering an area south of the Bullard detachment fault. Canadian Mining aims to discover large-tonnage gold deposits along upper plate structures or at intersections between these structures using the detachment fault mineralization model. The company will report progress as it becomes available.
Canadian Mining Company Inc. Identifies Geological Structure
Symbol: CNG - TSX.V
VANCOUVER, May 30 /CNW/ - Canadian Mining Company Inc. announces that
Dr. Pat O'Hara will conduct a presentation in Vancouver, Canada on the
detachment fault-related model for precious and base metal mineralization as
it relates to the Company's Bullard Pass Project - June 26th, 2007. Dr. O'Hara
serves as the Company's qualified person.
Detachment fault-associated deposits, most recently recognized by the
Arizona Department of Mines and Mineral Resources, rate with well-known models
such as epithermal veins, porphyry copper, and volcanogenic massive sulfide in
importance. A number of economic detachment fault deposits have already been
identified in the State of Arizona.
While a range of minerals may be present in detachment faults, Canadian
Mining Company Inc. has elected to concentrate on gold-copper oxide
mineralization, particularly in and around the Company's Bullard Pass property
and surrounding area.
Canadian Mining Company Inc. aims to discover large-tonnage gold deposits
along upper plate structures, or at intersections between these structures
using the detachment fault mineralization model.
Drill targets will be defined based on geological mapping and cross
sections that identify the location of favorable upper plate faults using
chemical indicators, alteration-associated mineral packages, and geophysical
techniques to target potential mineralized zones along these faults.
Detachment faults occur as large, low angle faults with greater than ten
kilometer displacements. In combination with upper plate faults, detachment
faults provide pathways for hydrothermal fluid flow and mineral deposition.
Dr. O'Hara will delineate the extent of potential mineralization on the
Company's property, and discuss in detail the nature of detachment faults as
they occur in the Bullard Pass vicinity.
On behalf of the Board
Ray Paquette
CEO |
