Board of Directors and Advisory Board Appointments
Garth Evans and Casey Forward join Michael E. Schuss and Chris Verrico on the Board of Directors.
Paul Brockington and Thomas Hasek have joined Professors Anton Chakmouradian, Lee Groat and Roger Mitchell on the company's advisory board.
Garth Evans, B.A., LL.B, is a partner in the law firm Barbeau, Evans & Goldstein, and has a lifelong interest in mining exploration. He was previously a director and chairman of Ecstall Mining Corporation, which was taken over by Mantle Resources - now Canadian Zinc Metals Corp.
Casey Forward, C.G.A., has been running an independent accountancy practice in Canada since 1990. He has worked for public companies in Canada, the United States, and Great Britain. He has owned companies in Canada and, in particular, he was an owner and president of a company in the construction and land development business and an owner and president of a storage and transport company, both located in Edmonton, Alberta, Canada. Before entering the field of accountancy, he was studying molecular biology at the University of Manitoba.
Paul Brockington is a mining engineer and seasoned mining executive, having spent his early professional career in both open pit and underground operations in Africa and Canada. After gaining extensive financial contacts as a mining analyst with a major brokerage, he served as chairman of a provincial mining corporation with operations producing tantalum, and base and precious metals
Thomas Hasek, P.Eng., is a geologist with over 40 years in the mining industry, including directing exploration and development ventures in numerous jurisdictions and environments. He has served as a director and executive of several public companies.
Lee Groat, B.Sc., Ph.D., is Director of the Integrated Sciences program at the University of British Columbia. With many publications to his credit, and as a past editor of American Mineralogist and Canadian Mineralogist he is a noted authority on the environment and occurrence of carbonatites, pegmatites, and favorable hosts to rare earths and high tech metals.
Anton Chakhmouradian, Ph.D., who originally hails from St Petersburg, teaches and researches mineralogy, igneous and metamorphic petrology, and gemology at the University of Manitoba, and is 2005 recipient of the Young Scientist Award of the Mineralogical Association of Canada. He has published widely and among other accomplishments is internationally recognized as an authority on the mineralogy and petrology of alkaline rocks.
Roger Mitchell, a Fellow of the Royal Society of Canada, Professor Emeritus in the Department of Geology at Lakehead University, is considered the world's leading authority on the occurrence and genesis of alkaline rocks. His extensive work on the mineralogy, petrology and geochemistry of kimberlites and has confirmed the standard genetic model, culminating in his definitive book on this important group of rocks. He has also worked extensively on the character and origin of lamproites, resulting in a new model for their genesis, and publication of the definitive book on these rocks. His work is marked by that rare combination of thoroughness and imagination, and has established him as the leading petrologist in Canada. He is also a noted authority on carbonatites.
Michael E. Schuss
CEO, President, Director
EXPLORATION UPDATE - 2010
Canadian International Minerals Corp. ("CIN" or the "Company") has engaged Aeroquest Limited to fly a close spaced AeroTEM III-Radiometric-Mag survey over the Carbo property. Field crews currently are continuing a geological mapping and soil sampling program that began in 2009. A permit application for a minimum 1000 meter diamond drill program has been submitted to B.C. Ministry of Energy, Mines and Petroleum Resources.
CIN is earning a 75% interest in the property located in the emerging Wicheeda REE carbonatite camp from Commerce Resources Inc (CCE). This camp is located along the Rocky Mountain trench, a major continental geologic feature which is now recognized as the locus of numerous adjacent, potentially economic, concentrations of rare metals. Much of this terrain has seen very little exploration incorporating current models and modern technology.
A technical paper presented at the Minerals South Conference and Trade Show in late 2009 by C. Graf, P. Eng., R. Lane, P. Geo., and M. Morrison B.Sc., outlined significant exploration results from Spectrum Mining Corporation's (SMC) Wicheeda property. Select drill hole intersections cited in the paper included 48.64 meters of 3.55% combined rare earth elements (REE), 144 meters of 2.2% combined REEs and 72 meters of 2.92% REEs. All intersection were collared in mineralization and assays were given in total elemental REEs which understates actual REE oxide content. No separate analyses were reported for heavy rare earth elements (HREE).
Mineral analysis on 2009 drill core by Dr. Anthony Mariano, a recognized authority on REEs, indicated that the primary REEs are contained in coarse grained monazite and a bastnesite-synchistite-parasite mineral. Dr Mariano also conducted a bench scale heavy liquid and magnetic separation study on a composite sample of Wicheeda drill core and was able to produce a high grade REE concentrate that contained 56.09 wt. % REE.
CIN and CCE's Carbo claims directly adjoin SMC's property with the 2008/09 drilling being within 700 meters of the property boundary. Previous work conducted on the Carbo claims has identified REE bearing carbonatite/syenite outcrops as well as significant cerium bearing soil anomalies and rock samples (Lane 2009, Groat 2009, Guo 2009, Betamis 1987, 1988). These geological units have been confirmed in June of this year by Mackevoy Geoscience Inc. personnel under the supervision of Professor Lee Groat. Assays results from rock and soil sampling are pending.
The Carbo property consists of 7 claims totalling an area of 2,778.63 hectares and is accessible by all weather gravel roads. It is approximately 80km north east of Prince George, B.C.
Solar and Silicon Projects, Golden, B.C.
An exploration program consisting of geological mapping and sampling has been completed on the Company's 100% owned Solar and Silicon properties located in the Golden silica belt. Twenty eight large rock samples are currently being processed at Stewart Group Inspection and Analyses Limited in Kamloops for potential as metallurgical grade silica (>99.7% SiO2). Assays are pending. The program was conducted by Renaissance Geoscience Services Inc. under the supervision of Leo Lindinger P.Geo. The claim group consists of seven claims totalling 1778.99 ha and hosts a significant amount of Mount Wilson Formation quartzites, the host formation for both producing silica mines in the region. The Company's claims are strategically located between the Moberly and Hunt silica mines and have excellent road, power and rail access.
Deadhorse Creek, Terrace Bay, Ontario
CIN is awaiting a proposal from Aeroquest Limited to fly a close spaced AeroTEM III-Radiometric-Mag survey over the Deadhorse Creek (DHC) property. The Company is also in receipt of a report dated June 15, 2010 on the DHC property authored by J. F. Allan Mineral Consultants Ltd. summarizing previous work, the majority of which was conducted by Unocal Canada Limited (Unocal) in the mid 1980's. Included with the report is the total proprietary technical data base from Unocal including detailed surface maps, drill logs, assay and petrography analyses. These reports represent a substantial upgrade in CINs technical data base on the DHC at a modest cost and will be reviewed by Professor Roger Mitchell for guidance of the Company's exploration program planned for later this summer.
Previous work by Unocal focused on yttrium and zirconium with no systematic analyses for other REEs. Trenching revealed narrow widths, including one meter of 0.187% yttrium oxide (Y2O3) with 9.0% zirconium oxide (ZrO2) (Knox 1987). A property visit in October, 2009 yielded a one meter sample assaying 3.18% ZrO2 and 566 g/t hafnium (Hf) as well as another grab samplewith 2.96 % ZrO2 and 637 g/t Hf. (Arseneau 2009).
As an example of the increasing importance of Hafnium, Intel Corporation has begun commercial production of its Hafnium based high-K metal gate 45 nm chips, which has been called by Intel Co-Founder Gordon Moore "the biggest transistor advancement in 40 years". Though closely associated with zirconium, very little evaluation of hafnium exploration potential of mineral deposits has been conducted worldwide and this will be subject of detailed studies by CIN at DHC.
The DHC property consists of two non-contiguous claim blocks, the Dead Horse Creek block and the KM 23 block. The two claim blocks total 1,456 ha and are easily accessed via an all-weather dirt road that begins at Provincial Highway 17, the Trans-Canada Highway, about 43 km east of the town of Terrace Bay and 25 km west of the town of Marathon in Northern Ontario.
Excelsior Gold Property, White Gold District, Yukon
The Company has completed a reconnaissance exploration program on its 100% owned Excelsior gold property in the White Gold district of Yukon. The property comprises 56 claims and is located 25 km north west of the Golden Saddle deposit. Outcrops observed during fieldwork indicate a widespread presence of granitic dikes intruding metasedimentary country rocks. One outcrop encountered in the field revealed the presence of hydrothermal alteration associated with some of these dikes, suggesting a potential for gold mineralization. Yukon minfile records show the claim area was originally staked in 1907 and a small adit was driven before 1912. The Excelsior claims are 5 km south east of Radius Gold Inc.'s Ten Mile Creek property which hosts widespread gold mineralization. Other landholders in the immediate vicinity are Kinross Gold and Silver Quest Resources Ltd.
The CNSX has not approved or disapproved the contents of this news release.
Michael E. Schuss
President and Chief Executive Officer
Private Placement Financing Closed
The Company issued units to the following finders for their efforts in finding certain placees:
Wolverton Securities Ltd. received 24,500 units;
Ken Lum received 7,000 units.
Each finder's unit consists of one common share and one share purchase warrant, each warrant exercisable into one additional common share at a price of $0.20 per share until June 8, 2011.
All securities issued under the placement are subject to hold periods expiring on October 9, 2010.
Proceeds of the placement will be used for general working capital.
The CNSX has not approved or disapproved the contents of this news release.
Michael E. Schuss
President and Chief Executive Officer
$125,000 Financing
The proceeds of the private placements will be used for exploration programs on the Company's properties and for general working capital.
Finders' fees may be payable in whole or in part on the private placements.
The CNSX has not approved or disapproved the contents of this news release.
Michael E. Schuss
President and CEO
Non Flow-Through Private Placement Closes
The Company issued units to the following finders for their efforts in finding certain placees:
Wolverton Securities Ltd. received 16,800 units;
Michal Hasek received 98,490 units; and
Dale Paruk received 7,000 units.
Each finder's unit consists of one common share and one share purchase warrant, each warrant exercisable into one additional common share at a price of $0.20 per share until February 1, 2011.
All securities issued under the placement are subject to hold periods expiring on June 2, 2010.
Proceeds of the placement will be used for general working capital.
The CNSX has not approved or disapproved the contents of this news release.
Michael E. Schuss
President, CEO, CFO, Director