Canadian International Minerals Inc (TSXV:CIN)
is a Vancouver-based junior mining explorer focused on early stage project generation and new discovery. The company management has broad-based exploration skills and extensive industry contacts, as well as a proprietary geological database that can only be developed by a long commitment to minerals exploration. We stay current with the latest developments in geoscience to generate new ideas and localities to explore and develop.
CIN is committed to Canada for its political stability and its immense potential for new discovery of precious, base and strategic metals. We have a policy of early engagement with First Nations, and are conscious of environmental concerns that may impact or hinder mine development. Good geology and exploration potential is always in the forefront, but we will only go where we are welcome.
The lifeblood of a junior exploration company is a high project flow. If a project does not show sufficient potential after thorough evaluation, CIN will move on. Investors in junior explorers are there for the high return in capital appreciation that a new discovery brings. CIN's management is committed to making that discovery.
Canadian International Minerals Inc. has acquired 100-per-cent interest in 20 claims totalling 25,225 hectares in the emerging Patterson Lake South (PLS) uranium district of the Athabasca region of west-central Saskatchewan. The PLS project is a new uranium discovery presently being explored by Alpha Minerals Inc. and Fission Energy Corp.
The claims were staked for their proximity to the PLS discovery and interpreted favourable geology for the occurrence of PLS-style uranium mineralization. CIN is presently acquiring further claims in the area and the technical and geological details of those and current properties will be released once completed. A map detailing the current claim locations can be viewed on the company's website.
Claims are subject to a 2-per-cent net smelter returns royalty.
The technical data in this news release have been reviewed by Thomas Hasek, PEng, a qualified person under the terms of NI 43-101. The transaction is subject to the acceptance of the TSX Venture Exchange.