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CME Canadian Metals Inc

0.135
0.00 (0.00%)
25 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Canadian Metals Inc CSE:CME CSE Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.135 0.135 0.165 693 20:40:00

Canadian Metals Completes Successful Magnetic and Electromagnetic Airborne Survey Over its Massicotte-East Property

25/02/2014 12:30pm

Marketwired Canada


Canadian Metals Inc. (the "Corporation") (CSE:CME) is pleased to announce that
it has completed a combined magnetic and time-domain electromagnetic heliborne
survey over its Massicotte-East Property, located 35 km west of Matagami.


The airborne survey outlined several combined magnetic and electromagnetic
anomalies that are typically caused by massive sulphide occurrences. Out of
these anomalies, 31 base metal targets or groups of targets have been defined
for further investigation. Most of these targets are located in under explored
areas, with no ground geophysical coverage. 68% of these targets have never been
drill tested, and the remaining ones have only been subject to a few sparse
exploration drill holes and cannot be considered as fully investigated.


Also, a compressive structural interpretation carried-out based on the high
resolution magnetic data acquired with this survey enabled the recognition of
possible faults and shear zones which are very similar to known gold bearing
structures found in the Property's vicinity. In particular E-W structures
identified along the Samson group of gold showings about 2 km north of the
Property, as well as along other gold showings to the south-east and north-west
of the surveyed block, are found throughout the Massicotte-East Property.
Moreover, the Property hosts several structures trending like the WNW-ESE gold
bearing structure found in the neighbouring Valmond property to the south, which
is currently being extensively worked by Midland Exploration and Donner Metals
(Source: Press release by Midland Exploration Inc. dated Jan. 16, 2014). This
structure is located 1 km to the south of the Property and actually extends
within the Massicotte-East Property to the north-west. Based on these
observations, 5 gold exploration target areas have been defined for the
Property.


These very encouraging results prompt Canadian Metals to initiate targets
follow-up work which will consist in line cutting, geophysical ground surveys
and diamond drilling.


The airborne survey was acquired by Prospectair Geosurveys of Gatineau using an
Eurocopter's EC120B aircraft towing the ProspecTEM system, a lightweight
time-domain electromagnetic system, and a Geometrics magnetometer measuring the
total magnetic field. This geophysical configuration flown at low altitude is
very cost effective and perfectly adapted to reconnaissance surveys with
objectives of measuring ground conductivity to a depth of about 125 m with a
very good spatial resolution. The survey covered a total of 172 mineral claims.


The technical information in this news release was prepared by Joel Dube, Eng.,
consultant at Dube & Desaulniers Geoscience, and reviewed by Donald Theberge
Eng., M.B.A, both are qualified persons under National Instrument 43-101.


About Canadian Metals 

Canadian Metals is a mining exploration and development corporation based in
Montreal, Quebec. The Corporation is focused on acquiring, exploring, and
developing mining properties. Its flagship project is the Massicotte property
located in the Detour Gold Trend, in the province of Quebec, Canada. Canadian
Metals is also looking for new projects to add to its portfolio. More
information can be found on the Corporation's website, at
www.canadianmetalsinc.com. 


This news release contains forward-looking statements subject to certain risks
and uncertainties. There can be no assurance that such statements will prove to
be correct, and actual results and future events could therefore differ
significantly from those implied by such statements. These risks and
uncertainties are discussed in the Corporation's annual report and its filings
with securities regulatory authorities. 


Neither the CSE nor its Regulation Services Provider accepts responsibility for
the adequacy or accuracy of this release. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Stephane Leblanc
President and CEO
(418) 717-2553
sleblanc@canadianmetalsinc.com
www.canadianmetalsinc.com


Victor Cantore
Vice President, Business Development
(514) 449-8484
vcantore@canadianmetalsinc.com

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