Canadian International Minerals Inc. (CIN-TSX.V) Acquires Interest in Reindeer River Syndicate in Saskatchewan
March 13 2014 - 4:25PM
Access Wire
Vancouver,
BC / ACCESSWIRE / March 13, 2014 / Canadian International Minerals Inc.
(CIN-TSX.V, the "Company") announces that it has acquired a 25%
interest in the private Reindeer River Syndicate (the "Syndicate").
The Syndicate has acquired 100% interest in 33 claims totalling
67,350 hectares (166,422 acres) by staking. The Company earned its
interest by contributing research and direct staking costs related
to acquiring the permits from the Saskatchewan government. There
are no royalties or further commitments to the company's 25%
interest in the syndicate other than assessment requirements to
maintain the permits as per Saskatchewan government regulations.
The Company is presently negotiating to increase its interest to
100% in the Syndicate, which will be conditional on its financial
ability to fund a meaningful exploration program in 2014.
The Syndicate is presently compiling and
evaluating a substantial data base of previous exploration work
including several airborne geophysical surveys. Previous
exploration focused on precious and base metals and the syndicate
is reviewing the diamond and uranium potential of the claims. The
claims cover approximately 80 km of a major regional fault
structure in the interpreted Saskatchewan Craton and are centered
approximately 150 km north east from La Ronge, Saskatchewan.
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. The transaction is
subject to the acceptance of the TSX Venture Exchange.
On behalf of the Board
of Directors,
"Michael E. Schuss"
Michael E. Schuss
President and Chief Executive Officer
For further information
on Canadian International Minerals Inc. please visit the company
website at www.cin-v.com or
contact Michael E. Schuss at 604-241-2254.
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.
CAUTION CONCERNING
FORWARD-LOOKING STATEMENTS: Some of the statements contained herein
may be forward-looking statements which involve known and unknown
risks and uncertainties. Without limitation, statements regarding
potential mineralization and resources, exploration results, and
future plans and objectives of the Company are forward looking
statements that involve various risks. 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: changes in the world wide price of mineral commodities,
general market conditions, risks inherent in mineral exploration,
risks associated with development, construction and mining
operations, the uncertainty of future profitability and the
uncertainty of access to additional capital. There can be no
assurance that forward-looking statements will prove to be accurate
as actual results and future events may differ materially from
those anticipated in such statements. Canadian International
Minerals Inc. undertakes no obligation to update such
forward-looking statements if circumstances or management's
estimates or opinions should change. The reader is cautioned not to
place undue reliance on such forward-looking statements
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