Vancouver, British Columbia - Cedar Mountain Exploration Inc. (“Cedar”) is pleased to announce that its initial work program on the Kelly Creek Project is underway. This Phase One sampling program is budgeted at $600,000 and will focus on investigating the numerous high priority gold geochemical anomalies that occur within prospective stratigraphy over a 15 km x 5 km corridor bounded by regional faults. Please refer to Cedar’s announcements of March 26 and April 8, 2010 for more information on the project.
The primary target on the property is a near surface, bulk tonnage sedimentary gold deposit analogous to those located in the Carlin Trend of Nevada or the Livengood Deposit in Alaska. Limited soil and stream sediment sampling programs conducted in the past have identified several prospects within the bounds of the property consisting of coincident gold (Au), arsenic (As), antimony (Sb), and Mercury (Hg) anomalies. At the Kelly Creek prospect, a coherent gold-in-soil anomaly with continuous elevated gold assays of greater than 25 parts per billion was traced for nearly 2 km. In 1984, Anaconda Copper Mining Co. completed three drill holes (140 metres) within a portion of the anomalous area , producing drill intercepts of 1.07 g/t over 23.5 m and 0.83 g/t over 32 m. This anomalous area is largely untested and remains open to the south and west.
It is expected that approximately 4,000 soil, stream sediment and rock samples will be collected over the course of the upcoming program. Sampling and prospecting will be focused on the known prospects as well as locations that have produced elevated Au assays over the length and breadth of the 15 km x 5 km corridor contained with the claim boundaries. This region of the Seward Peninsula was not glaciated during the last ice age and it has been demonstrated that soil horizons containing elevated Au, As, Sb, and Hg assays are developed directly over mineralised host rocks. The results of the upcoming surveys will be used to identify additional targets for an aggressive drill campaign during the first half of 2011.
The Kelly Creek Property located on the Seward Peninsula in Alaska’s prolific Nome mining district. Kelly Creek is a drill-permitted early-stage gold exploration property comprising 32,640 acres (13,209 hectares). Historic results indicate the presence of a sediment-hosted gold deposit within a mining district that has historically recorded placer gold production of 5 million ounces.
The Company’s disclosure of a technical or scientific nature in this press release has been reviewed and approved by David Clarke, P.Geol. Cedar’s VP Exploration who serves as a Qualified Person under the definition of National Instrument 43-101. The Kelly Creek project represents an early stage property and does not contain any mineral resources as defined by National Instrument 43-101.
CEDAR MOUNTAIN EXPLORATION INC. (CED: TSX-V) is a junior mineral exploration focused on gold resources in North America.
Cedar is a member of the Discovery Group of Companies: www.discoveryexp.com
For more information contact:
Charles Chebry, B.Sc., CMA
Chief Executive Officer
Cedar Mountain Exploration Inc.
Tel: (403) 283-0001
|David Clarke, M.Sc., P.Geol.
Vice President, Exploration
Cedar Mountain Exploration Inc.
Tel: (604) 805-1998
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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