Canadian International Minerals Inc. (CIN-TSX.V) Acquires Interest in Bigstone Lake Diamond Properties in Saskatchewan
March 31 2014 - 8:48AM
Access Wire
VANCOUVER, BC / 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 a 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.
There 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.
The 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 for kimberlite targets.
The 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 97,323 hectares (240,490 acres) of
prospective ground in the vicinity of the Pikoo discovery.
The technical data in this news release has been reviewed by
Thomas Hasek, P. Eng., a Qualified Person under the provisions
of National Instrument 43-101.
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.
SOURCE: Canadian International Minerals
Inc.
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