Work Program Underway at Cedar Mountain's Kelly Creek Project

NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

Cedar Mountain Exploration Inc. (TSX VENTURE:CED) ("Cedar") is pleased to
announce that its initial work program on the Kelly Creek Project is underway.
This Phase One sampling program is budgeted at $600,000 and will focus on
investigating the numerous high priority gold geochemical anomalies that occur
within prospective stratigraphy over a 15 km x 5 km corridor bounded by regional
faults. Please refer to Cedar's announcements of March 26 and April 8, 2010 for
more information on the project.


The primary target on the property is a near surface, bulk tonnage sedimentary
gold deposit analogous to those located in the Carlin Trend of Nevada or the
Livengood Deposit in Alaska. Limited soil and stream sediment sampling programs
conducted in the past have identified several prospects within the bounds of the
property consisting of coincident gold (Au), arsenic (As), antimony (Sb), and
Mercury (Hg) anomalies. At the Kelly Creek prospect, a coherent gold-in-soil
anomaly with continuous elevated gold assays of greater than 25 parts per
billion was traced for nearly 2 km. In 1984, Anaconda Copper Mining Co.
completed three drill holes (140 metres) within a portion of the anomalous area
, producing drill intercepts of 1.07 g/t over 23.5 m and 0.83 g/t over 32 m.
This anomalous area is largely untested and remains open to the south and west.


It is expected that approximately 4,000 soil, stream sediment and rock samples
will be collected over the course of the upcoming program. Sampling and
prospecting will be focused on the known prospects as well as locations that
have produced elevated Au assays over the length and breadth of the 15 km x 5 km
corridor contained with the claim boundaries. This region of the Seward
Peninsula was not glaciated during the last ice age and it has been demonstrated
that soil horizons containing elevated Au, As, Sb, and Hg assays are developed
directly over mineralised host rocks. The results of the upcoming surveys will
be used to identify additional targets for an aggressive drill campaign during
the first half of 2011.


The Property

The Kelly Creek Property located on the Seward Peninsula in Alaska's prolific
Nome mining district. Kelly Creek is a drill-permitted early-stage gold
exploration property comprising 32,640 acres (13,209 hectares). Historic results
indicate the presence of a sediment-hosted gold deposit within a mining district
that has historically recorded placer gold production of 5 million ounces.


The Company's disclosure of a technical or scientific nature in this press
release has been reviewed and approved by David Clarke, P.Geol. Cedar's VP
Exploration who serves as a Qualified Person under the definition of National
Instrument 43-101. The Kelly Creek project represents an early stage property
and does not contain any mineral resources as defined by National Instrument
43-101.


CEDAR MOUNTAIN EXPLORATION INC. (TSX VENTURE:CED) is a junior mineral
exploration focused on gold resources in North America.


Cedar is a member of the Discovery Group of Companies: www.discoveryexp.com

This release includes certain statements that may be deemed "forward-looking
statements". All statements in this release, other than statements of historical
facts, that address exploration drilling, exploitation activities and events or
developments that the company expects are forward looking statements. Although
the company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or developments may differ
materially from those in the forward-looking statements. Factors that could
cause actual results to differ materially from those in forward-looking
statements include market prices, exploitation and exploration successes,
continuity of mineralization, uncertainties related to the ability to obtain
necessary permits, licenses and title and delays due to third party opposition,
changes in government policies regarding mining and natural resource exploration
and exploitation, and continued availability of capital and financing, and
general economic, market or business conditions. Investors are cautioned that
any such statements are not guarantees of future performance and actual results
or developments may differ materially from those projected in the
forward-looking statements. For more information on the Company, investors
should review the Company's continuous disclosure filings that are available at
www.sedar.com.

Cedar Mountain Exploration Inc. (TSXV:CED)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024