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, by staking, a 100-per-cent 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.
ThetechnicaldatainthisnewsreleasehasbeenreviewedbyThomasHasek,P.Eng.,aQualified Person under the provisions of National Instrument 43-101.