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CME Canadian Metals Inc

0.055
0.00 (0.00%)
29 Nov 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% 0.055 0.065 0.075 200 20:06:00

Canadian Metals Files its Langis Project NI 43-101 Technical Report on SEDAR

19/12/2013 1:30pm

Marketwired Canada


Canadians Metals Inc. (the "Corporation") (CNSX:CME) is pleased to announce the
filing of the NI 43-101 technical report for the Langis project on SEDAR
(www.sedar.com). The report was prepared by GENIVAR Inc. in conjunction with
Etienne Forbes, P.Geo. 


The report indicates that, assuming a density of 2.65, a strike length of 600 to
800 m, a width of 275 to 325 m and a thickness of 30 to 40 m, the potential
quantity and grade of silica material on the property is between 15 and 28
million tonnes at 98.1% to 99.20% SiO2. It should be noted that the potential
quantity and grade is conceptual in nature pending additional work to advance
the project to the economic assessment stage.


The report dated December 6, 2013, was prepared by John D. Charlton, P.Geo., and
Mireno Dhe Paganon, Ing., of GENIVAR Inc. in accordance with National Instrument
43-101.


"This characterisation study report on the Langis deposit silica is an important
milestone for the Corporation," said Stephane Leblanc, President and CEO of
Canadians Metals. "The results of laboratory testing by CTMP indicate that the
Langis deposit is a potential source of silica for ferrosilicon production, as
well as for use as a fluxing agent in base metals smelting. The Corporation
plans to advance the project on the basis of scale-up pilot testing for
ferrosilicon.


Compared to historical results, the characterization represents an improvement
in terms of SiO2 content, average grade and tonnage, with strong potential for
increasing the tonnage with new zones.


The recommended work program includes the following: Delineation of the
indicated mineral resource in the deposit, including geochemical analysis for
the remaining six holes and drilling and geochemical analysis of 10 additional
holes (NQ-diameter core). 


The Canadian Metals team is also in discussions with a number of potential users
of silica sand. The Corporation is negotiating clauses relating to long-term
sales and risk distribution among potential buyers.


The Corporation is currently testing the silica deposit for ferrosilicon
production with potential clients.


John D. Charlton, P.Geo., and Mireno Dhe Paganon, metallurgical engineer, acting
as qualified persons under National Instrument 43-101, and Claire Hayek, Mineral
Processing Director, have approved the technical content of this press release.


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 CNSX nor its Regulation Services Provider accepts responsibility for
the adequacy or accuracy of this release. 


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


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

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