Business
CADILLAC MINING CONSOLIDATES SOUTHERN UTAH GOLD DISTRICT
Jan. 17, 2011 (Canada NewsWire Group) -- VANCOUVER, Jan. 17 /CNW/ - Cadillac Mining Corporat...
About this update from Copper Quest Exploration Inc.
[{"type":"text","content":"\n\n\n\n Jan. 17, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nVANCOUVER, Jan. 17 /CNW/ - Cadillac Mining Corporation (TSXV: CQX) ("Cadillac") is pleased to announce the assembly of a large land position in the\n Goldstrike (also known as Bull Valley) Mining District in western\n Washington County, southern Utah.\n\n\nCadillac has executed three leases comprising 33 patented claims, and\n has acquired a further 163 Federal claims by staking, contiguous with\n the patented claims.  A lease on the fourth and final group of patented\n claims is under active negotiation.  Only the leases are subject to a\n production royalty of 2.5% of net smelter return, as commonly defined\n in the industry, while no securities will be issued under the\n agreements.  Initial advance royalty payments will aggregate at\n approximately US$40,000.  When the final parcel is acquired, the\n property will comprise approximately 3800 acres, covering all of the\n known hard-rock gold occurrences of the historic Goldstrike District. \n The project, situated about 5 miles east of the Nevada border, is\n easily accessible by approximately 30 miles of paved and graveled roads\n northwest of St. George, Utah.\n\n\nHardrock mining in the Goldstrike District dates to the early 20th century, when narrow 'bonanza' grade veins were mined from shallow\n shafts and adits.  In the 1980's the advent of heap leaching of\n oxidized low-grade ores encouraged Tenneco Minerals to p...