MONTREAL, QUEBEC -- (Marketwired) -- 01/22/14 --
Canadian Metals Inc. (the "Corporation") (CNSX:CME) is pleased to announce that a helicopter-borne transient magnetic and electromagnetic type survey is to be carried out on its Massicotte-Est property, located on NTS sheet 32E15 and 32E16.
Prospectair Geosurveys of Gatineau, Quebec, has been retained to carry out the 1.604 line-km geophysical survey on the property. The survey will be acquired by a Eurocopter EC120 type aircraft with a high-definition transient electromagnetic system called ProspecTEM and a Geometrics magnetometer. Flown at low altitude, this configuration will define and characterize the conductive material present to a depth of about 150 m, with excellent spatial resolution. In terms of interpretation of the magnetic data, conductors in the vicinity of the property could potentially be directly associated with disseminated or massive base metal or precious metal sulphide deposits.
The Massicotte-Est property lies about 50 kilometres west of Matagami, in the Abitibi region of Quebec. The property consists of 172 mineral claims in three blocks covering a total of 9,200 hectares. The three blocks are strategically located over more than 45 km along a zone of major gold-bearing deformations known as the Massicotte structure.
The survey results should be available later this spring.
Conductors detected by this survey will be followed-up by prospecting and a soil geochemistry survey prior to drilling of the best targets.
Donald Théberge, Ing., M.B.A., and a qualified person under National Instrument 43-101, Standards of Disclosure for Mineral Projects, has reviewed and approved the technical content of this press release.
About Canadian Metals
Canadian Metals is a mining exploration and development corporation based in Montreal, Quebec. The Corporation is focused on acquiring, exploring, and developing mining properties. Its flagship project is the Massicotte property located in the Detour Gold Trend, in the province of Québec, Canada. Canadian Metals is also looking for new projects to add to its portfolio. More information can be found on the Corporation's website, at www.canadianmetalsinc.com.
This news release contains forward-looking statements subject to certain risks and uncertainties. There can be no assurance that such statements will prove to be correct, and actual results and future events could therefore differ significantly from those implied by such statements. These risks and uncertainties are discussed in the Corporation's annual report and its filings with securities regulatory authorities.
Neither the CSE nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this release.
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Source: Canadian Metals Inc.