Canadian Mining Company Inc. (CNG.V) has recently acquired
consent to the use of data as reported in the historic
non-compliant 1994 Exploration Programme Reserve Estimate and Mine
Feasibility Review and Recommendation Report and the historic
non-compliant 2001 Exploration Program and Resource Evaluation
Report on the Sun Group of Claims. This historic data is beneficial
for Canadian Mining's upcoming NI 43-101 drill program and will
significantly reduce the related costs.
NI 43-101 Drill Program
On the recommendation of the Company's Qualified Person, John
Beck of Beck and Associates, the Company will be engaging a local
driller to carry out the drill program. Having a compliant NI
43-101 Resource Report will not only establish the size and grade
of the zeolite deposit, but it will also assist the Company in
getting its zeolite certified for use by municipalities, organic
growers and companies engaged in radiation containment. The 43-101
paves the way for a 10,000 tonne bulk sample and near term sales to
local markets, such as organic growers, vineyards, composting,
animal waste treatment, livestock poultry and swine producers.
Sourcing Processing Mill
For several months Canadian Mining has been sourcing an
appropriate mill to process its zeolite, which will allow the
Company to command market prices from customers who have very
specific requirements. Processed zeolite is used in applications
such as radiation containment and concrete infrastructure
applications. The Company is pleased to report a mill has been
sourced and it is currently being evaluated by the Company's
qualified person, following a recent on-site inspection. Predicated
on securing financing, the Company is targeting to have the mill
operational in early 2013.
About 122,000 shares have changed hands so far.