Translate
Trading Symbol CIN-TSX.V
VANCOUVER, Oct. 12, 2011 /CNW/ - Canadian International Minerals Inc (CIN-TSX.V) is pleased to announce that it has completed its 2011 Phase I diamond drilling program on the Carbo Rare Earth Element (REE) property.
Eleven drill holes totalling 3,090 meters were completed from six locations, and a total of 671 samples, including blanks and standards, have been submitted and received by Activation Labortories of Ancaster, Ontario.
This first phase focused on Targets, A, C, and D as outlined in our news release dated April 21, 2011. Targets B, E, F, H, and I, remain untested. The area currently drilled was defined by distinct airborne magnetic and radiometric anomalies, coincident rare earth element (REE) and pathfinder soil geochemical anomalies, and newly mapped carbonatite surface exposures. A Phase II program will be designed with surface access for further diamond drilling.
Target A is approximately 2000 meters south-east of Spectrum Resources 2008/09 drilling: select drill hole intersections from that program included 48.64 meters of 3.55% combined Rare Earth Elements (REEs), 144 meters of 2.2% combined REEs, and 72 meters of 2.92% REEs (Graf, Lane, Morrison, 2009). All intersections reported by Spectrum were collared in mineralization, and the cited assays are reported as total elemental REEs, significantly understating REE oxide content.
CIN has a multi-year drill permit for 30,000 meters. Core is cut, logged, and stored at the company's expanded warehouse in Prince George, B.C.
The Carbo property comprises 7 claims totalling 2,778.63 hectares in area, and is accessible by all weather gravel roads. It is approximately 80 km north east of Prince George, BC, a major provincial regional centre for mining, construction and logging industries. The project is approximately 40 km east of B.C. Hydro`s major electrical corridor and within 45 km of CN Rail's northern B.C. trunk line with connections to all of North America and the major ports of Prince Rupert and Vancouver.
Mr. David Turner, M.Sc., P.Geo., an independent Qualified Person (as such term is defined by NI 43-101) is responsible for the review of technical information in this release.
Michael E. Schuss
President and Chief Executive Officer
"Neither 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."