NewsCEDAR MOUNTAIN EXPLORATION COMPLETES STRATEGIC LAND ACQUISITION AND STAKING ON GRAPHITE CREEK PROPERTY February 8, 2012 Vancouver, British Columbia - Cedar Mountain Exploration Inc. (CED: TSX-V) (“Cedar Mountain” or the "Company") is pleased to announce that it has completed a strategic land acquisition of 28 claims and staked an additional 20 claims all on State lands surrounding its Graphite Creek project in Alaska. Cedar Mountain now controls all prospective lands of known graphite mineralization in the Graphite Creek project area. Cedar Mountain acquired a 100% interest in the 28 claims from a private individual for CDN $20,000 along with a 2% production royalty which can be purchased in the first three years for a payment of CDN $1,000,000. "Cedar Mountain is pleased to have consolidated its land position surrounding the Graphite Creek project area in Alaska" stated Charles Chebry, President and CEO. "Our team has successfully identified and secured all lands of geological merit surrounding the high-grade Graphite Creek project." Mr. Chebry added. Graphite Creek's total land package is now approximately 7,680 acres or 3,072 hectares. The additional claims expand significantly both the high-grade and disseminated graphite bearing zones. A second parallel zone of garnet biotite quartz shist which is the host rock for Graphite Creek's high-grade mineralization is the high-priority target area (see figure 1 brown coloured area). There is also significant expansion of the biotite quartz shift intervals (see figure 1 yellow coloured area) which contains disseminated graphite which typically samples +2% graphite. Additional geological mapping and sampling are required to further define these new target areas.
Please see the link below for a map of the Graphite Creek property claims (figure 1):
About Graphite Creek
About Cedar Mountain Exploration Inc. Graphite Creek’s total land package is now approximately 7,680 acres or 3,072 hectares. The additional claims expand significantly both the high-grade and disseminated graphite bearing zones. A second parallel zone of garnet biotite quartz shist which is the host rock for Graphite Creek's high-grade mineralization is the high-priority target area (see figure 1 brown coloured area). There is also significant expansion of the biotite quartz shift intervals (see figure 1 yellow coloured area) which contains disseminated graphite which typically samples +2% graphite. Additional geological mapping and sampling are required to further define these new target areas.
Please see the link below for a map of the Graphite Creek property claims (figure 1): The graphite market is only beginning to open up as green technology takes more precedence in the world today. Graphite is vital for lithium-ion batteries, pebble bed nuclear reactors, and fuel cells amongst other uses. Graphite has been named a “supply critical mineral” and a “strategic mineral” by the USA and European Union as more demand is being created that surpasses the supply threshold. This has allowed for the price of graphite to rise, as over the past 7 years the price has nearly tripled. Graphite is the mineral of tomorrow and as such, cannot continue to be overlooked and undervalued.
ON BEHALF OF THE BOARD OF DIRECTORS
For more information on Cedar Mountain Exploration Inc. please visit the Company’s website 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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