 |
 |
| June 23, 2009 CMC Options High Grade Silver Wheelbarrow Property | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Vancouver, B.C.: CMC Metals Ltd. (the "Company") is pleased to announce the optioning of the Wheelbarrow property located 20 km northeast of Atlin, B.C. The property comprises of four claims with a surface of 1,489 hectares. There has been a substantial amount of historical work conducted on the property since the original discovery in the early 1900's. Over 3983 meters of drilling, extensive trenching, geological mapping of host units, soil survey's, and air borne Mag and VLF-EM was conducted over the entire property. The property boarders two past producing mines plus the Adanac Ruby Creek property. There are seven known mineralized zones that have been identified with high grade silver. CMC is interested in continuing the drilling and sampling of the zones to define the strike and depth of the mineralized zones for the purpose of resource determination and a preliminary mine assessment. The following are some of the trench and drill sample intervals that were encountered by past exploration:
The Company is encouraged with the above showings and will proceed to expand the geological understanding of this deposit through additional exploration. For the 2009 season we are proposing to continue to assemble the historical data, surface trench outcrops, strike and depth drill at least one showing, and geologically map the data. Don Wedman P.Eng., CEO and President of the Company commented "We are very please with the opportunity the Wheelbarrow property presents for the Company. The demonstrated grades and showings fits well with our Company focus of high grade silver developments. In addition, the semi-mobile mill being fabricated for the Silver Hart project would have the capability to process ore from this site. We will prepare this property over the next few years for feasibility assessment and development." Exploration permitting will begin immediately with the target of starting a on the ground investigation this July. The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Don Wedman, P.Eng., President and Chief Executive Officer for CMC Metals Ltd., a qualified person under National Instrument 43-101. This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents. On behalf of the Board: "Don Wedman" Don Wedman, P.Eng. CEO CMC METALS LTD. For further information on the Company, please contact Mr. Gord Zelko, VP Business Relations at StoxNetwork Corp. Telephone: 250-495-7123, or Email: . 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. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
You can view the Next News Releases item: Thu Jun 25, 2009, Closing of 4,000,000 Unit Private Placement @ $0.10 Per Unit/Resetting of Incentive Stock Options You can view the Previous News Releases item: Wed Jun 3, 2009, Increase in 3,000,000 Unit Private Placement at $0.10 Per Unit You can return to the main News Releases page, or press the Back button on your browser. |
| Home | Corporate | Projects | News | Investors | Contact | QwikReport | ©2008 CMC Metals Ltd. All Rights Reserved |