NewsEXTENSIVE GOLD ANOMALIES IDENTIFIED ON CEDAR CREEK PROPERTY
|
Gold Range |
100ppb Au** or Greater |
50 - 99 ppb Au |
20 - 49ppb Au |
>5-19 ppb Au |
Number of samples (3759 total*) |
110 samples (Up to 4140 ppb Au) |
194 samples |
918 samples |
2537 samples |
*excluding duplicates
**parts per billion gold
Table 2. 2007 Rock Sample Summary - Cedar Creek Property
Gold Range |
100ppb Au** or Greater |
50 - 99 ppb Au |
20 - 49ppb Au |
>5-19 ppb Au |
Number of samples (84 total) |
4 samples (Up to 12,350 ppb Au) |
4 samples |
12 samples |
64 samples |
**parts per billion gold
Cedar Creek Property
The Cedar Creek Property is located 5km southeast of the town of Likely, BC, in the Cariboo Gold District, and is road accessible. The Property comprises 2 mineral claims totaling 1463 hectares and is adjacent to the Spanish Mountain Property. The geology of the Cedar Creek Property consists predominantly of volcanic, sedimentary and intrusive rocks belonging to the Quesnel terrane. This gold district was historically British Columbia’s first and largest producer of gold during the historic Cariboo Gold rush, producing approximately 3.8 million ounces of gold since 1874, which is more than any other placer area in British Columbia.
Like Spanish Mountain, historical work at Cedar Creek was focused primarily on placer gold and gold bearing quartz veins. Approximately 40,000 ounces of placer gold reportedly of a local origin have been produced from the property from Cedar Creek and the Hampton Placer Pit. Recent mapping, reverse circulation and diamond drilling performed by the Skygold Joint Venture on their adjacent Spanish Mountain Property, recognized broad zones of gold mineralization not necessarily associated with abundant quartz veining. The Skygold Joint Venture have spent nearly $9.5 million in 2007 to expand their bulk tonnage, high grade sedimentary hosted gold mineralization discovered in 2005 and prepare a 43-101 compliant resource estimate at the Main Zone as well as test several large geochemical soil anomalies for additional gold mineralization. This gold mineralization is in association with pyrite within large areas of interbedded black argillaceous rocks and siltstone, which is now the primary focus of exploration in the district and the Cedar Creek Property.
The principal focus of exploration on the Cedar Creek Property is for gold in sediment hosted bulk tonnage type deposits. The main style of veining explored is Sediment Hosted Vein (SHV) deposits, a family of gold deposits that consist of gold in quartz veins hosted by shale and siltstone sedimentary rocks. These types of deposits can be some of the largest in the world as seen at Muruntau (>80M oz) and Sukhoi Log (>20M oz) in Russia. This is the principal deposit type which has been recently discovered and is being successfully explored on the adjacent Skygold Spanish Mountain Property.
About Cedar Mountain Exploration Inc.
Cedar Mountain is a new mineral exploration company, with a focus of exploration and development of properties and deposits with the potential for gold in sediment hosted bulk tonnage type deposits, lode gold and/or base metal deposits.
Additional information about the Corporation and the Cedar Creek Property can be found in Cedar Mountain's final prospectus dated July 13, 2007, and the detailed NI 43-101 compliant technical report dated June 18, 2007 which have been filed on SEDAR (www.sedar.com), or at the company’s website: www.cedarmountainexp.com.
Cedar Mountain Exploration Ltd. maintains an extensive quality control program in the preparation, shipping and checking of all samples from the property as detailed in Cedar Mountain Exploration Ltd. ‘Technical Report for the Cedar Creek Property, Likely, British Columbia’ by Dean Besserer – June 18, 2007 pp. 32-34.
Peter Kleespies, P.Geol. has reviewed the information in this press release and is the Qualified Person as defined by NI 43-101.
On behalf of the Board
Cedar Mountain Exploration Ltd.
/s/”Charles Chebry”
Charles Chebry
President, CEO & Director
We seek Safe Harbor.
This news release contains forward-looking statements regarding ongoing and upcoming exploration work and expected geology, geological formations and structures. Actual results may differ materially from those anticipated in these statements.
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