Kimberlite Indicator Minerals Recovered from Pikoo East Properties
VANCOUVER, BC / ACCESSWIRE / April 27, 2015 / Canadian International Minerals Inc. (“CIN”, the “Company”) (TSXV: CIN) is pleased to announce that Kimberlite Indicator Minerals (“KIM”), including a G9 garnet, have been recovered from the Pikoo East properties (the “Properties”), located in the heart of the Pikoo Diamond Camp in east-central Saskatchewan.
The Properties are under option to North Arrow Minerals Inc. (“North Arrow”) (TSXV: NAR) and Stornoway Diamond Corp. (“Stornoway”) (TSX: SWY), who may earn a combined 70% interest by funding exploration to a kimberlite discovery (including drilling) on any of the Properties within a 3 year period. North Arrow and Stornoway are conducting the work through their pre-existing joint venture on the Pikoo diamond project, and are funding the work in proportion to their respective interests in said project.
2014 Exploration and Results
North Arrow and Stornoway conducted a limited reconnaissance-type till sampling program on the Properties in the fall of 2014. 11 till samples were collected and submitted to Microlithics Laboratories Inc. of Thunder Bay, Ontario for kimberlite indicator mineral processing. Details on the processing method can be found at www.microlithics.com/kim-laboratory/
One sample on the southern part of Pikoo Extension A returned a pyrope garnet with chemistry fitting the G9 garnet classification. This same sample also returned a picroilmenite, another strong kimberlite indicator mineral.
The Company considers the results to be very encouraging given the limited scope of the fall 2014 sampling program. These results, along with recent KIM sampling results reported by Strike Diamond Corp. (TSXV: SRK) and Alto Ventures Ltd. (TSXV: ATV), confirm the prospectivity of the area to the east and northeast of the Pikoo project. Additional KIM sampling is planned for 2015.
Pikoo East Properties
The Pikoo East properties are comprised of 5 claims totalling 3,447 hectares. The A group directly adjoins North Arrow / Stornoway’s Pikoo property, and the B group lies approximately 7 km northeast of Pikoo’s northern boundary. A map of the properties can be found on the Company’s website at
www.cin-v.com/#!saskatchewan-diamonds/c159e
About Canadian International Minerals Inc.
In addition to the Pikoo East properties, CIN has acquired an interest in over 110,000 hectares of claims in the vicinity of the Pikoo diamond discovery, the majority of which cover a major regional fault structure (Tabbernor Fault). These claims were staked after re-analysis of historical airborne magnetic and EM data.
Qualified Person
The technical data in this news release has been reviewed by Thomas Hasek, P. Eng., a Qualified Person under the terms of N.I. 43-101.
For further information, please contact:
Canadian International Minerals Inc.
Michael E. Schuss
President and CEO
Phone: 604-241-2254
Website: www.cin-v.com
Forward-looking Information
This news release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. The following are important factors that could cause the Company’s actual results to differ materially from those expressed or implied by such forward looking statements; the uncertainty of future profitability; and the uncertainty of access to additional capital. These risks and uncertainties could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressed qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.
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.
SOURCE: Canadian International Minerals Inc.
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