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Canadian International Minerals Inc. (CIN­-TSX.V) Acquires Interest in Bigstone Lake Diamond Properties in Saskatchewan
(via Thenewswire.ca) Vancouver, BC / TNW-ACCESSWIRE / March 31, 2014 / Canadian Internatio...
About this update from Egr Exploration Ltd
[{"type":"text","content":"Canadian International Minerals Inc. (CIN­-TSX.V) Acquires Interest in Bigstone Lake Diamond Properties in Saskatchewan(via Thenewswire.ca)\n\n \nVancouver, BC / TNW-ACCESSWIRE / March 31, 2014 / Canadian International Minerals Inc. (CIN - TSXV, the \"Company\") announces that it has acquired, by staking, a 100% interest in the Bigstone Lake properties, in northeastern Saskatchewan. The properties are comprised of 22 claims, totalling 25,102 hectares (62,028 acres). The Company has also acquired\n\n\n \na 50% interest in the Three Amigos property by contributing 50% of staking costs. The Three Amigos property is comprised of a single claim, totalling 4,871 hectares (12,036 acres), and is contiguous to the main block of the Bigstone Lake properties.\n\n \n \nThere are no royalties or further commitments to the Company's interest in the Bigstone Lake properties, other than assessment requirements to maintain the permits as per Saskatchewan government regulations. The Three Amigos property will be a 50/50 joint venture with New Moon Minerals Corp., a private mineral exploration company.\n\n \n \nThe Company is presently compiling and evaluating an airborne geophysical survey conducted in 2006 which covers most of the Bigstone Lake and Three Amigos properties. The survey was originally flown and evaluated for base metals, and incorporated VTEM and magnetics on 200 meter line spacings (Hughes, Pattison, 2009). SJ Geophysics Ltd. of Delta, B.C. has been retained to re-evaluate the data\n\n\n \nfor kimberlite targets.\n\n \n \nThe northernmost block of the Bigstone Lake properties lies approximately 30 kilometers south of North Arrow Minerals Inc.'s (NAR - TSXV) Pikoo property, where a new diamondiferous kimberlite was discovered in 2013. With these latest additions, the Company is now exposed to approximately\n\n\n \n97,323 hectares (240,490 acres) of prospective ground in the vicinity of the Pikoo discovery.\n\n \n \nThe technical data in this news release has been reviewed by Thomas Hasek, P. Eng., a Qualified\n\n\n \nPerson under the provisions of National Instrument 43-101.\n\n \n \nOn behalf of the Board of Directors,\n\n \n \n\"Michael E. Schuss\"\n\n \n \nMichael E. Schuss\n\n\n \nPresident and Chief Executive Officer\n\n \n \nFor further information on Canadian International Minerals Inc., please visit the company w...