Business

CEDAR MOUNTAIN EXPLORATION RAMPS UP DRILL PROGRAM AT KELLY CREEK GOLD PROJECT

Jul. 21, 2011 (TheNewswire.ca) -- Vancouver, British Columbia - Cedar Mountain Exploration (...

articleGraphite One Inc.July 21, 20113/company/graphite-one-inc/news/cedar-mountain-exploration-ramps-up-drill-program-at-kelly-creek-gold-project
CEDAR MOUNTAIN EXPLORATION RAMPS UP DRILL PROGRAM AT KELLY CREEK GOLD PROJECT

About this update from Graphite One Inc.

[{"type":"text","content":"\nCEDAR MOUNTAIN EXPLORATION RAMPS UP DRILL PROGRAM AT KELLY CREEK GOLD PROJECT\n\n Jul. 21, 2011 (TheNewswire.ca) -- Vancouver, British Columbia - Cedar Mountain Exploration (TSXV:CED) (OOTC:CDRMF) Inc. (CED: TSX-V)(\"Cedar Mountain\" or the \"Company\") is pleased to announce that an additional diamond drill rig has commenced drilling on the high priority multi-kilometre-scale gold targets at the Kelly Creek Gold Project on the Seward Peninsula in Alaska.The Company now has two drill rigs operating on the property, as well as an ongoing soil sampling program to identify new drill-ready targets. The objective of the drilling and soil sampling program is to discover a new gold (TSX:NGD) (OOTC:NEGWF) district, targeting a near-surface bulk tonnage gold deposit.\"The second drill rig will augment the current exploration program and allow us to expand upon additional gold targets identified at the project,\" stated Charles Chebry, President and CEO. \"As the program progresses throughout the summer, the Company is focused on effectively targeting numerous areas that show the potential for discovery.\"The PropertyThe Kelly Creek Property is located on the Seward Peninsula, Alaska, 145 km north of Nome. Kelly Creek is a drill-permitted early-stage gold exploration property comprising 105,280 acres (42,605 hectares) that cover an entirely new gold district. Historic results indicate the presence of disseminated gold deposits in metasedimentary rocks. These deposits have similarities to disseminated gold deposits in Nevada and are a new type for the Alaskan region. For an overview of the current Kelly Creek Project status please see the Cedar Mountain press release dated January 25th, 2011.CEDAR MOUNTAIN EXPLORATION INC. (CED: TSX-V) is a mineral exploration company with a clear and distinct business strategy to identify, acquire, and explore high potential projects ready for rapid advancement. The flagship Kelly Creek Property on the Seward Peninsula of Alaska fits with the Cedar Mountain business strategy and demonstrates substantial potential for major gold discoveries.Cedar Mountain is a member of the Discovery Group of Companies: www.discoveryexp.comON BEHALF OF THE BOARDCharles ChebryPresident and CEOTel: (403) 283-0001Email: [email protected] more information on Cedar Mountain Exploration Inc., please visit the Company's web...

More updates from Graphite One Inc.