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Canadian International Minerals Inc. Acquires 100% of Lac Manitou PGM Property in Quebec
(via Thenewswire.ca) October 23, 2015, / TheNewswire / Vancouver, British...
About this update from Egr Exploration Ltd
[{"type":"text","content":"Canadian International Minerals Inc. Acquires 100% of Lac Manitou PGM Property in Quebec(via Thenewswire.ca)\n\n \n\n\n\n\n \n \nOctober 23, 2015, / TheNewswire / Vancouver, British Columbia - Canadian International Minerals Inc. (\"CIN\", the \"Company\") (TSX-V: CIN) is pleased to announce the acquisition of 100% of the 2,174 hectare Lac Manitou platinum group metals (PGMs) exploration property (the \"Property\"), located within the Grenville geological domain in the Cote-Nord region of Quebec.\n\n \n \nLocation\n\n\n\n \nThe Property is located 100 km northeast of the town of Sept-Iles, 65 km north of Quebec Provincial Highway 138, and 45 km east of the Quebec North Shore and Labrador Railroad line. Sept-Iles has a population of over 25,000 and is one of North America's largest ore-handling ports, boasting state-of-the art facilities that allowed it to handle 23.9 million tonnes of iron ore, alumina, petroleum coke and limestone in 2014. Sept-Iles is also home to the Alouette aluminum smelter built in 1992, which produces 590,000 tonnes of aluminum metal a year.\n\n \n \nProperty Details\n\n \n \nThe Lac Manitou area has been subjected to several early stage exploration programs that all succeeded in expanding known mineralization. Over the years, regional and property scale airborne magnetic and EM surveys have delineated several drill ready targets, but no known drilling has been completed on the Property or in the immediate area.\n\n\n\n \nThe Property hosts 15 copper, nickel, and PGM occurrences documented by the Quebec Ministry of Natural Resources and is underlain by several igneous complexes comprising various phases of leuconorite, leucogabbro and anorthosite - lithologies known to host economic copper nickel PGM resources. \n\n \n \nA three element assay (3E) - a standard measure in PGM evaluation combining Pd, Pt & Au values - on one of the occurrences covered recorded 1.844 g/t, plus 3.07% Cu, 0.92% Ni, 0.10 % Co and 5.6 g/t Ag (MRN Assessment Report 22I14).\n\n\n\n \nAbout Platinum Group Metals\n\n\n\n \nPlatinum Group Metals comprise six elements: ruthenium, osmium, iridium as well as the main metals platinum, palladium and rhodium. Their main uses are in automobile catalytic converters, which use various amounts depending on emission standards of the country the vehicles are sold. Palladium is largest compon...