Canadian Mining Company, Ltd. July Newsletter
The Canadian Mining Company, Ltd. Newsletter
Volume 1, Issue 1
July 1999
The Canadian Mining Company, Ltd. (ASE: CNA) is a progressive junior mining and exploration company. In addition to its Princeton Zeolite industrial mineral project, it is keenly focused on establishing itself as a dynamic participant in Arizona's prolific mineral resource sector. The July 23, 1997 edition of The Arizona Republic showed a national study ranking Arizona as number one in the nation in mining output and number six in the number of mining jobs produced. The study also stated mining's direct impact on Arizona was $2.3 billion and the combined direct and indirect impact of mining on Arizona was $13.7 billion.
Aguila Precious Metal Processing Facility
The Company owns a 50% interest in a state-of-the-art precious metal processing facility located in Aguila, Arizona, a small town 90 miles Northwest of Phoenix. The plant is located on 10.3 acres of rail and highway accessible property and is fully permitted.
Canadian Mining is committed to develop its precious metal processing plant in Aguila, and expand its current asset base in the surrounding area. The Company although confident mill feed will be supplied by local small miners, has also commenced a net smelter agreement on the Bullard Mine, which is located 10 miles from the Aguila plant. The mine has tremendous potential and comes with completed drill programs and geological reports with accredited assays.
The property is patented land, with sufficient water to operate a concentrating mill on site.
Bullard offers tremendous potential with previous drilling and reports indicating gold assays ranging from 0.5 oz/ton to 1.5 oz/ton Au. There has been previous mining activity on the property with an average grade of 0.342 oz/ton Au plus substantial copper grades. The Company plans to establish an onsite concentrating plant at the Bullard Mine.
Canadian Mining has developed a working relationship with S.M.A.R.T. Technologies, at its 10.3 acre commercial processing plant. The technology finalizes recovery of gold and their subcontract price is based on a percentage of precious metal recovered. The S.M.A.R.T. Processing System provides a proven alternative to traditional separation systems, which can be expensive and harmful to the environment, it operates without chemicals and can be scaled to meet the needs of most mine site operations. The equipment is extremely energy efficient, cost and labor effective.
Upon the completion of the Aguila facility, CNA will commence a joint venture on a Nevada property with an equity partner.
Princeton Zeolite
Canadian Mining's Princeton Zeolite project is located in the Princeton Area of British Columbia, approximately 196 kilometres from Vancouver.
The Company began its operation through the acquisition of the GW and GW 1-5 claims. They then expanded their holdings by acquiring additional claims referred to as the Kay claims which are contiguous to the initial claims.
Previous drill programs conducted by Canadian Mining on the GW2 claim, aimed at expanding the reserves of the existing open pit, resulting proven and possible ore of over 250,000 tonnes of marketable zeolite. This pit zone is open to the north with further reserves of mineable ore inferred down dip on the GW2 claim and south on the adjoining Kay 1 claim where the surface zone outcrops.
Canadian Mining's partner on the Princeton Zeolite project is Enviro-Pure Products Inc. who are actively engaged in marketing processed zeolite from the property. Canadian Mining Company retains a royalty on all production from the Princeton Zeolite project.
CNA has developed working relationships with organization such as B.C. Research and the University of New Brunswick for the study of zeolite-based products and applications.
The Company is focusing on two large and lucrative target markets for the zeolite: the agricultural community and the regional governments.
What is Zeolite?
Zeolites are naturally occurring minerals that were deposited as a result of volcanic activity. They are generally formed from volcanic ash or bedded tuffs that have been altered by regional hydrothermal fluids. The term Zeolite refers to a group of minerals, whereas the deposit that Canadian Mining has is primarily a specific variety called Clinoptilolite.
Zeolites are crystalline hydrous aluminosilicates that possess infinite three-dimensional frameworks of silicon-oxygen (SiO4) tetrahedra. The honeycomb crystalline structure readily absorbs molecules having diameters small enough to fit through the entry channel. Molecules that are too large to pass through the entry channel are excluded, thus giving rise to the term "molecular sieving".
Zeolites are used in a variety of environmental applications. It is used in and has applications for:
General Air and Water Filtration
Oil Spill Cleanup/Remediation
Agricultural Groundwater Cleanup/Remediation
Hazardous Waste Containment
Animal Feed Supplements
Animal Hygiene/Odor Control
Soil/Fertilization Enhancers
Non-toxic Refrigerant (no CFC's)
Industrial Filler (Paper, Paint, etc.)
Thermal Storage
Natural Gas Purification and Petroleum Refining
Ground Water and Sewage Effluent Treatment
There are no environmental issues in the mining of zeolites. As zeolites are beneficial to the environment, exposure to air, water or humans is not hazardous. Zeolites are quarried and crushed. No chemical agents, burning nor emissions are involved in the extraction and preparation process.
Zeolite Grade/Classification:
The zeolite capacity for absorbing pollutants is a quality factor that determines the price per tonne and is measured by the Caton Exchange Capacity, or CEC factor. To be good, marketable zeolite CEC factors must range from 80-120+, depending on their grade and size, the Clinoptilolite zeolites sell for as high as US$485/tonne.
S.M.A.R.T. TECHNOLOGIES, INC.
The Canadian Mining Company, Ltd. has entered into an agreement with S.M.A.R.T. Technologies, Inc. to utilize S.M.A.R.T.'s proprietary mineral separation technology at the Aguila, Arizona precious metals processing facility. The technology finalizes the recovery of gold and their subcontract price is based on a percentage of precious metal recovered.
Canadian Mining will test and process concentrates from their Aguila facility. Initial indications have been very promising and could lead to multiple operating sites.
S.M.A.R.T. Technologies' recovery process increases the percentage of fine gold recovered from the 60 per cent range up to the 90% range. Additionally, it operates without chemicals and can be scaled to meet the needs of most mine site operations. The equipment is extremely energy efficient and cost and labor effective.
CORPORATE OVERVIEW
The Canadian Mining Company, Ltd. is a progressive Precious Metal Processor.
Focused on the completion of its precious semi-refining faculty in Aguila, Arizona.
Spearheading a program to maximize gold processing for mid-range mining operators.
Experienced management.
CNA is using Advanced Proprietary Technologies.
Improving traditional gold recovery methods from 60% to the high 90's.
CORPORATE OBJECTIVES
To complete the sale of two of its non-core Canadian properties which have been negotiated but are subject to finalization.
The main asset of CNA is its 10.3 acre commercial processing plant in Aguila, Arizona. CNA is in contract negotiations with SMART Technologies. This Technology finalizes recovery of gold and compensation is based on a percentage of precious metal recovered.
CNA, although totally confident mill feed will be supplied by small miners, has also commenced a net smelter return contract on the Bullard Mine, which is located 10 miles from the plant. The mine has tremendous potential and comes with completed drill programs, geological reports, with assays ranging from 0.5 to 1.9 oz Au per ton. This property is patented land with sufficient water to warrant a concentrate mill on site.
Market, advance and identify customers for the usage of zeolite based product from the Company's Princeton Zeolite Project.
Recent Company News Releases
MAY 27, 1999: Appoints Investor Relations/Communications Firm
APRIL 12, 1999: Private Placement of $95,000 completed.
APRIL 5, 1999: Interim Agreement with SMART Technologies.
FEBRUARY 17,1999: Ray Paquette appointed President/Treasurer/Director. Appointment of Ed Skoda & Bill Berridge to board of directors.
DECEMBER 3, 1998: Private Placement of $150,000 completed
SEPTEMBER 14, 1998: $400,000 Judgment was awarded.
This Newsletter
...will be published quarterly. Initially, however, we expect to produce the Newsletter bimonthly in order to bring our shareholders up to date.
We invite you to email your questions to us, and we welcome your suggestions for articles that may be of interest to our shareholders.
You may contact the Company at:
The Canadian Mining Company, Ltd.
PH5-1060 Alberni Street
Vancouver, BC, CANADA V6E 4K2
Telephone: (604) 257-4257
Fax: (604) 608-2949
Online at: canadianmining.com
E-mail: rrc@rrcomm.com |
