Cedar Mountain Exploration Inc.: Drilling Confirms Broad Gold Zones at Kelly Creek Prospect
26 9월 2011 - 9:30PM
Marketwired
Cedar Mountain Exploration Inc. (TSX VENTURE: CED) ("Cedar
Mountain" or the "Company") is pleased to announce the initial
drill results from the Kelly Creek Project on the Seward Peninsula,
Alaska. Drill core assay results from the first 18 diamond drill
holes (1820.5 metres) at the Kelly Creek Prospect have confirmed
the presence of broad intervals of gold mineralization in sheared
and brecciated carbonaceous schist.
"We are very encouraged by the results of our 2011 drilling at
the Kelly Creek Prospect," stated Charles Chebry, President and
CEO. "The drill results confirm the presence of zones of bedrock
gold mineralization which were targeted from broad soil
geochemistry targets generated last year. The 2011 drilling
indicates that the best grades are associated with zones of quartz
veining and stockworking within fractured and sheared carbonaceous
schist and ongoing studies will allow us to effectively target the
mineralized trends in future campaigns," added Mr. Chebry.
Eighteen drill holes totaling 1820.5 m were completed on the
Kelly Creek prospect in 2011. Eight holes (11KC01-05 and 11KC10-12)
targeted a strong linear soil anomaly first tested by Anaconda in
1984, four holes (11KC06-09) tested possible extensions of this
zone to the southeast, and six holes (11KC13-18) tested another
area with a strong soil anomaly in the headwaters of Kelly
Creek.
The drill results (see Table 1) confirm the gold-bearing zone
first drilled by Anaconda (11KC05; 1.04 g/t Au over 26.8 metres).
This zone extends 500 metres northeast to near Kelly Creek (11KC12;
0.85 g/t Au over 16.5 metres, including 1.34 g/t Au over 7.5
metres) and remains open to the northeast. The drill holes in the
headwater area of Kelly Creek identified one strong but narrow
mineralized zone (11KC14; 2.27 g/t Au over 3.10 metres) which has
not fully explained the source of the strong gold-in-soil anomaly
in this area.
The results from the Kelly Creek Prospect are the initial
tranche (18 holes in 1820.5 metres) of 4815.2 metres in 45 holes
completed at the Kelly Creek Project in 2011. Results for all the
drill holes at the Wolf (four holes totaling 469.6 m), Wolverine
(seven holes totaling 755.4 m), South Fox Zone 1 (seven holes
totaling 864.6 m), South Fox Zone 2 (three holes totaling 237.2 m),
and North Fox (6 holes totaling 668.5 m) prospects are pending.
Table 1: 2011 Drill Results Kelly Creek Prospect
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Hole ID From (m) To (m) Length (m) Au g/t
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11-KC-01 60.00 67.50 7.50 0.35
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11-KC-02 21.00 33.00 12.00 0.71
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11-KC-03 42.80 64.50 21.70 0.74
including 43.80 51.00 7.20 1.08
and 57.00 63.00 6.00 1.08
-------------------------------------------------------------------
11-KC-04 81.00 84.00 3.00 1.28
-------------------------------------------------------------------
11-KC-05 26.20 53.00 26.80 1.04
including 27.90 38.00 10.10 2.07
-------------------------------------------------------------------
11-KC-06 80.30 83.30 3.00 0.34
-------------------------------------------------------------------
11-KC-07 4.00 7.00 3.00 0.41
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11-KC-08 77.50 85.00 7.50 0.17
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11-KC-10 9.00 34.00 25.00 0.38
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11-KC-12 17.00 33.50 16.50 0.88
including 24.50 32.00 7.50 1.34
and 113.00 117.50 4.50 0.41
-------------------------------------------------------------------
11KC-13 assays pending
-------------------------------------------------------------------
11-KC-14 32.90 39.00 6.10 1.31
including 32.90 36.00 3.10 2.27
-------------------------------------------------------------------
11-KC-15 4.50 7.50 3.00 0.31
-------------------------------------------------------------------
11-KC-09, 11, 16, 17 and 18 no significant intersections.
The Property
The Kelly Creek Property is located on the Seward Peninsula,
Alaska, 145 km north of Nome. Kelly Creek is a drill-permitted
early-stage gold exploration property comprising 105,280 acres
(42,605 hectares) that cover an entirely new gold district.
Historic results indicate the presence of disseminated gold
deposits in metasedimentary rocks. These deposits have similarities
to disseminated gold deposits in Nevada and are a new type for the
region.
The Company's disclosure of a technical or scientific nature in
this press release has been prepared by Dr. Travis Hudson,
registered geologist, 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.
About Cedar Mountain Exploration Inc.
Cedar Mountain Exploration Inc. is a mineral exploration company
with a clear and distinct business strategy to identify, acquire,
and explore high potential projects ready for rapid advancement.
The flagship Kelly Creek Property on the Seward Peninsula of Alaska
fits with the Cedar Mountain business strategy and demonstrates
substantial potential for major gold discoveries.
Cedar Mountain is a member of the Discovery Group of Companies:
www.discoveryexp.com.
ON BEHALF OF THE BOARD
Charles Chebry, Chief Executive Officer & Director
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.
Neither the 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.
Contacts: Cedar Mountain Exploration Inc. Charles Chebry Chief
Executive Officer (403) 283-0001 charles@chebry.com Cedar Mountain
Exploration Inc. Anthony Huston VP Business Development &
Director (604) 697-2862 anthonyh@cedarmountainexp.com
www.cedarmountainexp.com
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