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Vancouver, British Columbia / TheNewswire / June 9, 2015 - Canadian International Minerals Inc. ("CIN", the "Company") (TSXV: CIN) is pleased to announce that it has formed the Pacific Aquifer Exploration Syndicate (the "Syndicate"), created for the purpose of exploring for potable groundwater resources in North America.
The Syndicate will be joined by DG Resource Management Ltd., a private resource exploration company based out of Edmonton, Alberta, and Strategic Staking & Exploration Inc., a private resource exploration company based out of Vancouver, British Columbia.
The Opportunity
The exploration for potable water resources in North America has been largely ignored as the public perception has been that sources and supply are abundant and inexpensive. In recent years, however, there has been a major increase of public interest in water rights and supplies, as climate change events such as droughts, floods, and boil-water advisories have highlighted the scarcity and volatility of potable water supplies.
Extensive hydrogeological databases have been developed by various levels of government across the continent. These databases are comparable in scope to those which exist for other natural resources, and will be invaluable for planning exploration efforts. The potable water resource is compatible to the flowing royalty and private-public business model. It is transportable and is not recyclable like agricultural or industrial water.
The Syndicate will apply standard geological principles in identifying targets, and will apply for commercial water rights once targets have been defined. The principal targets are aquifers - underground layers of water-bearing permeable rock or unconsolidated materials (gravel, sand, or silt) where groundwater accumulates and is naturally replenished by the infiltration of water from precipitation.
Social Licence
When evaluating natural resource development projects, it is important to understand the perceptions, opinions and beliefs held by both the local population and society at large. Projects lacking social licence incur delays and costs which can stifle development, and impact the proponent's reputation.
Early and continuous engagement with local communities, aboriginal groups, and all levels of government is vital to achieving mutual prosperity. The Syndicate is committed to engaging with all stakeholders.
About Canadian International Minerals Inc.
Canadian International Minerals Inc. is an early-stage natural resource prospect generator based out of Vancouver, British Columbia. In addition to its participation in the Pacific Aquifer Exploration Syndicate, the Company has diamond exploration projects in Saskatchewan, and copper & rare earth element exploration projects in British Columbia.
Qualified Person
The technical data in this news release has been reviewed by Thomas Hasek, P. Eng., a Qualified Person under the terms of N.I. 43-101.
For further information, please contact:
Canadian International Minerals Inc. Michael E. Schuss
President and CEO Phone: 604-241-2254
Website: www.cin-v.com
Forward-looking Information
This news release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements; the uncertainty of future profitability; and the uncertainty of access to additional capital. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressed qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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