Cedar Mountain Increases Kelly Creek Land Position
Vancouver, British Columbia - Cedar Mountain Exploration Inc. (CED: TSX-V) (Cedar or the “Company”) is pleased to announce that it has expanded its land package on the Kelly Creek Property located on the Seward Peninsula, Alaska to cover prospective structure and stratigraphy contiguous with the historic Kelly Creek Prospect. Cedar has staked additional ground contiguous to the 89,600 acre (36,260 hectare) Kelly Creek Property bringing the total claims on the property to 658 covering 105,280 acres (42,605 hectares).
“The results of our 2010 exploration program have further clarified the key controls on significant gold mineralization in the Kelly Creek Project” stated Charles Chebry, President and CEO of Cedar. “Cedar’s 2010 work indicated that the favorable geological setting which hosts the known mineralization at Kelly Creek continues northward, and we have extended our land holdings to cover the entirety of the district.”
The Kelly Creek Property is located on Seward Peninsula, Alaska 145 km north of Nome. Kelly Creek is a drill-permitted early-stage gold exploration property comprising 105,280 acres (42,605 hectares) that cover an entirely new gold district. Historic results indicate the presence of disseminated gold deposits in metasedimentary rocks. These deposits have similarities to disseminated gold deposits in Nevada and are a new type for the region. For a complete review of the current Kelly Creek Project status please see Cedar press release dated January 25th, 2011.
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 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
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