NewsCEDAR MOUNTAIN EXPLORATION OPTIONS LARGE HIGH-GRADE GRAPHITE PROJECT IN ALASKAJanuary 17, 2012 Vancouver, British Columbia - Cedar Mountain Exploration Inc. (CED: TSX-V) (“Cedar Mountain” or the "Company") is pleased to announce that the Company has entered into an option agreement to earn 100% interest in the Graphite Creek project, located in Alaska, USA. The Graphite Creek project is an approximately 1,375 hectare property on the Seward Peninsula of Alaska, 65 kilometres north of Nome. Graphite Creek is characterized by an immense scale, large-flake high-grade graphite deposit with mineralization exposed at surface primarily hosted by a garnet biotite quartz schist interval that contains coarse, crystalline flake graphite in disseminations and high-grade graphite segregations and lenses. Mineralization is continuous over 5 kilometres of strike length with an approximate thickness of 100 metres and is exposed over dip lengths of 100 to 200 metres. The project indicates that it has the potential for over 200 million tonnes grading several percent or more graphite. The property is 3 kilometres away from intertidal waters at Windy Cove, approximately 20 kilometres away from road systems, and 3 kilometres from an airstrip to the east. “The Graphite Creek project is an ideal fit with our goal of identifying, acquiring, and exploring large scale projects that have the potential to add significant shareholder value.” stated Charles Chebry, CEO. Mr. Chebry added “Cedar Mountain’s early stage work completed in 2011 corroborates with historical exploration results increasing our level of confidence that Graphite Creek will become a significant graphite deposit.” Cedar Mountain plans to aggressively advance the project in 2012 with an exploration program including sampling, mapping, conductivity surveys, and diamond drilling. The Company aims to have a resource within the next two years.
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Terms of the Agreement The Company’s disclosure of a technical or scientific nature in this press release has been prepared by Dr. Travis Hudson, registered geologist, who serves as a Qualified Person under the definition of national Instrument 43-101. The Graphite Creek project represents an early stage property and does not contain any mineral resources as defined by national Instrument 43-101.
About Cedar Mountain Exploration Inc. ON BEHALF OF THE BOARD
Charles Chebry
For more information on Cedar Mountain Exploration Inc. please visit the Company’s website
Anthony Huston 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. This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the company expects are forward looking statements. Although the company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com |
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