Business
Canadian International Minerals Inc. Announces Manitou Cobalt Project Transaction with Clean Commodities Corp.
(via TheNewswire) Vancouver, BC / TheNewswire / February 22 , 2017 - Canadian Interna...
About this update from Egr Exploration Ltd
[{"type":"text","content":"Canadian International Minerals Inc. Announces Manitou Cobalt Project Transaction with Clean Commodities Corp.(via TheNewswire)\n \n \nVancouver, BC / TheNewswire / February 22, 2017 - Canadian International Minerals Inc. (TSX-V: CIN) (\"Canadian International\" or the \"Corporation\") is pleased to announced that it has entered into an agreement with Clean Commodities Corp. (\"Clean Commodities\") in which Clean Commodities will acquire a 50% interest in the drill-ready Manitou Cobalt Project. \n\n \n \nHighlights:\n\n \n \n\n\n-Project was previously held by Kaminak Gold Corp. (\"Kaminak\") (since acquired by Goldcorp).\n\n\n\n-Historic cobalt sample of 0.46% Co.\n\n\n\n-AeroTEM II survey by Kaminak identified numerous conductors believed to be caused by magmatic sulphides.\n\n\n\n-Additional high-grade historic samples of up to 3.19% Cu, 1.06% Ni, and 4 g/t Pt-Pd-Au.\n\n\n\n-Inaugural field sampling/mapping work program planned for late-Q2/early-Q3 2017, funded by Clean Commodities.\n\n\n\n-An objective of the upcoming field program will be to confirm drill site locations previously identified by Kaminak for a potential drill campaign in Q3 2017, funded under a JV structure.\n\n\n\n \n \n\"The Manitou Cobalt-Nickel-PGE project is an advanced exploration project which has attracted considerable technical interest within our industry. We are pleased to be working with Canadian International to move this high-impact nickel-cobalt exploration project forward during 2017,\" commented Ryan Kalt, Chief Executive Officer of Clean Commodities Corp.\n\n \n \nAbout the Manitou Cobalt-Nickel-PGE Project:\n\n \n \nThe Manitou Cobalt-Nickel-PGE Project is located in Quebec, Canada and consists of two sub-project areas, Manitou and Return Lake. The Manitou project area encompasses one claim block totaling 2,174 ha and the Return Lake project area encompasses four claim blocks totaling 1,577 ha (see Figure 1).\n\n \n \nAt Manitou, initial priority will be assigned to four target areas identified by way of past work by Kaminak, referenced as the NE1, NE2, NE3 and NE7 targets, including enhancement of our confidence in the proposed drill targets and collar locations. \n\n \n \nAt Return Lake, initial interest is the examination of a large-scale EM anomaly defined by Kaminak and referenced as the C1 target (see Figure 2). The target coincides w...