Edmonton, Alberta - Cedar Mountain Exploration Inc. (CED: TSX-V) is pleased to announce that its wholly-owned subsidiary, Cedar Mountain Exploration (Alaska) Inc. (“Cedar Alaska”) has staked an additional 147 State claims surrounding the original block of claims at its Kelly Creek Project which was recently optioned from Greatland Exploration (see press release March 26, 2010). This staking brings the total claims on the property to 204 covering 32,640 acres (13, 209 hectares). The Kelly Creek project is located in the prolific Nome mining district, which has a historically recorded placer gold production of 5 million ounces.
The Kelly Creek Project is located on the Seward Peninsula, Alaska, 145 km north of Nome. The Nome mining district is a prolific placer region with over 5 million ounces of recorded gold production. Kelly Creek is a gold exploration project with numerous open-ended, multi-element, coincident gold (Au), arsenic (As), antimony (Sb) soil anomalies which have been tested with a positive, albeit limited drilling program. Geological and geochemical results to date are indicative of a sediment-hosted gold deposit. A well known type of sediment-hosted gold deposit is the Carlin Trend, Nevada.
Gold mineralization at Kelly Creek is hosted in a metamorphosed Devonian-Silurian carbonate-shale platform-shelf sequence and is associated with the intersection of specific stratigraphic horizons and secondary fault splays. This prospective stratigraphy is exposed along a 15 km x 5 km corridor bounded by regional faults. The majority of the corridor is only sparsely investigated by geochemical surveys and the additional claims were staked to protect the strike extent of the prospective stratigraphy.
The gold mineralization at Kelly Creek was discovered by Anaconda Copper Mining Co. (Anaconda) as part of a regional stream sampling project focused on tin exploration in the early 1980’s, when the significance of sediment-hosted gold deposits was not well known. Following up a positive gold stream anomaly with a small, but encouraging soil survey, Anaconda drilled two holes into the target horizon returning results of 1.07g/t over 23.5m and 0.83g/t over 32m respectively. Anaconda pulled out of Alaska for corporate reasons a year later in 1985.
The Kelly Creek property is drill-permitted. Infrastructure in the region is favorable and a winter road runs through the property’s eastern boundary.
Cedar’s disclosure of a technical or scientific nature in this press release has been reviewed and approved by Dr. Adrienne Ross, Ph.D., P.Geol., Cedar’s President and CEO, who serves as a Qualified Person under the definition of National Instrument 43-101. The Kelly Creek property represents an early stage exploration property and does not contain any mineral resources as defined by National Instrument 43-101.
About Cedar Mountain Exploration Inc.
CEDAR MOUNTAIN EXPLORATION INC. (CED: TSX-V) is a junior mineral exploration company with gold and base metal projects in North America.
Cedar is a member of the Discovery Group of Companies.
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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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